Stablecoins could become a mainstream payment method in Singapore as regulatory clarity improves. Ant International, the fintech arm of Ant Group, has applied for a stablecoin license in Singapore, aiming to integrate digital currency into its Alipay
GIC’s strategic move into Spain’s broadband sector signals a broader diversification strategy. Singapore’s GIC has announced a significant investment in Spain’s leading broadband operator, acquiring a 25% stake valued at approximately €2.2
Singapore is streamlining processes for ultra-wealthy individuals seeking to establish accounts and family offices. From July 2025, high-net-worth individuals (HNWIs) setting up family offices or private banking accounts in Singapore can expect a fas
New rules from the Monetary Authority of Singapore could accelerate digital banking innovation. In May 2025, the Monetary Authority of Singapore (MAS) introduced a revised set of guidelines for digital banking licenses, aiming to enhance competition
Digital banks are reshaping Singapore’s financial landscape. Here’s how traditional players are adapting. Singapore’s banking sector is entering a new phase in 2025 as digital-first challengers like Trust Bank, Grab-Singtel Bank, and Revolut in
United Overseas Bank delivered steady Q1 net profit but refused to issue full-year guidance amid unclear U.S. trade dynamics, underlining the challenge of projecting credit and loan growth in a volatile environment. Q1 Results Overview UOB posted net
A Reuters survey reveals economists are evenly split on whether Singapore’s central bank will ease policy after stronger-than-expected Q2 economic data, ahead of its next policy review. Analyst Sentiment Split Of 12 surveyed economists, six expect
RHB Bank’s Singapore unit surged nearly 96% in pretax profits in 2024 and aims for a 12% return on equity by 2027, signaling a sharpened focus on digital innovation and regional expansion. Financial Performance Snapshot Pretax profit reached S$98.7
OCBC posted a 7% drop in Q2 net profit to S$1.82 billion amid net interest income pressure, while its wealth management business hit a record S$310 billion in assets under management. Earnings Breakdown Net profit decreased to S$1.82 billion from S$1
Singapore’s central bank has held its exchange-rate based monetary policy unchanged, citing strong Q2 growth and improving trade conditions. The decision resets expectations as analysts watch for softer inflation and rate path clarity. Policy Revie