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finance
Funds
UOB Venture Management launching second Asia impact fund in 2H
SINGAPORE (June 10): UOB Venture Management (UOBVM) says it intends to roll out its second impact fund, the second series of the Asia Impact Investment Fund (AIIF II), to global institutional and accredited investors in 2H19.
June 10, 2019
Corruption probe
NGSC reports former directors to police over $1.1 mil of suspected unauthorised payments
SINGAPORE (June 4): NGSC says it has lodged a police report against two of its former directors for their alleged involvement in suspected unauthorised payments amounting to $1.1 million.
June 04, 2019
Startups, Entrepreneurs, Digital economy
New UOB-Mastercard partnership targets SMEs with free golf club access, hotel & dining perks
SINGAPORE (May 28): United Overseas Bank (UOB) and Mastercard today announced the launch of the UOB Regal Business Metal Card, the region’s first World Elite Mastercard metal card for small- and medium-sized enterprises (SMEs).
May 28, 2019
Broker's Calls
Singapore banks to shine despite regional macros, competition from fintechs: Maybank
SINGAPORE (Mar 18): Maybank Kim Eng is keeping “positive” on Singapore’s banking sector while noting significant interest among Malaysian investors in Singapore banks from a flight-to-quality angle, and for their high dividend yields as the SGD appr
March 18, 2019
Malaysia
Malaysia's stock market is Asia's only loser of 2019
KUALA LUMPUR/SINGAPORE (Mar 12): The euphoria following Malaysia’s historic election last May has faded, leaving its stock market as Asia’s only one in the red this year.
March 12, 2019
Broker's Calls
Analysts shave UOB forecasts on operating challenges & limited upside, but remain positive at 'buy'
SINGAPORE (Feb 25): Jefferies and OCBC Investment Research are maintaining their “buy” calls on United Overseas Bank (UOB) with a target price and fair value of $30 and $28.30, respectively, even after the bank’s recently reported set of 4Q and FY18
February 25, 2019
Careers & Training
Local talent can expect a 12-15% salary hike when switching jobs this year, says recruiter
SINGAPORE (Feb 20): In spite of government projects that suggest a slight drop in hiring growth this year, recruitment specialist Michael Page is expecting job growth to continue its steady momentum across 2019 due to talent shortages and high demand for
February 20, 2019
Broker's Calls
DBS undergoes target price cuts after a record FY18, but remains a 'buy'
SINGAPORE (Feb 19): Jefferies Singapore, OCBC Investment Research and RHB Research are maintaining their “buy” calls on DBS Group while lowering their price targets to $28.50, $29.31 and $28.80, respectively.
February 19, 2019
Sector Focus
DBS tops Asean list for Brand Finance's most valuable banking brands in 2019
SINGAPORE (Feb 7): DBS Bank is No. 34 in Brand Finance’s Banking 500 2019 annual report global rankings, rising six spots from No. 40 in 2018 and making it Asean’s ‘Most Valuable Bank Brand” for the 7th straight year.
February 07, 2019
In print this week
How events like Huawei CFO's arrest affect financial markets
SINGAPORE (Dec 14): By mid-2018, it was shaping up to be the most volatile year for global markets since 2008.
December 14, 2018