Singapore

More retail investors and wealthy people in Singapore are turning to gold as rising prices and easier access fuel demand.At OCBC, the number of customers investing in gold more than doubled in April compared with a year earlier, according to Vasu Menon, managing director of investment strategy at the lender. Roughly 90% of these investors are retail or personal banking customers, The Straits Times reported. The average amounts invested also rose over 30% year-on-year, raising the investment allocation in gold by nearly five percentage points. UOB, another lender, has seen a similar surge in demand through its gold savings accounts. Its head of global markets, Kelvin Ng, said the average number of gold purchases made through these accounts climbed by 85% year-on-year in the fi...

China and Singapore vowed on Monday to enhance their bilateral ties, actively expand third-market cooperation, jointly safeguard the multilateral trading system, and uphold stable and unimpeded global industrial and supply chains. Premier Li Qiang and visiting Singaporean Prime Minister Lawrence Wong made the pledge during their talks in Beijing. Li said that China and Singapore are friendly neighbors and important partners. Over the past 35 years since the establishment of diplomatic relations, bilateral ties have been improving continuously, and practical cooperation has yielded fruitful results, he said. Li expressed China's willingness to maintain close high-level exchanges with Singapore, strengthen strategic communication, consolidate political mutual trust, and deliver...

Hong Kong General Chamber of Commerce publishes inaugural index formulated with help of global market research firm Ipsos Hong Kong has been ranked as the most international city in Asia, narrowly beating out rival Singapore, in a new index released by a major business lobbying group. But the Hong Kong General Chamber of Commerce also warned that the city must address glaring weaknesses in innovation and talent to secure its future amid rising geopolitical risks. The inaugural “Asian Cities Internationality Index 2025”, released on Tuesday, ranked Hong Kong first with a score of 73.7, just two-tenths of a point ahead of Singapore at 73.5. Shanghai was the top-ranked mainland Chinese city, placing fifth with a score of 65.1. The Swiss-based International Institute for Manag...

Global uncertainty has introduced new challenges to the economic landscape. Here’s how Singapore banks are holding up, and whether it’s a good time to buy their stocks.  Often regarded as core holdings for income-focused portfolios, Singapore’s leading banks—DBS, OCBC, and UOB—are valued for their stability, consistently offering attractive dividend yields of just under 6%.  But with recent global uncertainties and evolving market dynamics, investors are asking: Is it still a good time to buy Singapore bank stocks? Singapore Banks in the Current Global Climate Global and Geopolitical Dynamics Rising protectionism and renewed US tariffs have reignited concerns over global trade. Singapore, despite strong US ties, faces a blanket 10% tariff—less severe than othe...

Stock markets in Asia slid and oil prices soared on June 23 after US air strikes on Iran’s nuclear facilities raised the threat of further military escalation in a region that accounts for a third of global crude output. But along with other regional markets, Singapore erased most of its losses as traders nervously awaited Iran’s response to the US attack. The Straits Times Index closed down 0.1 per cent at 3,879.26, after falling 0.9 per cent earlier. Global oil benchmark Brent, after surging as much as 5.7 per cent to US$81.40, was also little changed at US$77.05 a barrel at 5.06pm. However, oil prices are far from 2025’s low of US$60.23 a barrel on May 5. The US on June 22 sent military jets to bomb three Iranian nuclear sites in a mission dubbed Operation Midnight Hamm...

The Singapore–Asia Taxonomy for Sustainable Finance (SAT) has set rigorous standards for green and transition financing, establishing important benchmarks for ASEAN countries interoperable with the EU Taxonomy. To further its effectiveness and global relevance, the SAT should encourage more widespread adoption, raise public awareness of sustainable finance, maintain alignment with evolving global energy transition standards and conduct periodic assessments of its integration into decision-making processes. Since its launch in December 2023, the Singapore–Asia Taxonomy for Sustainable Finance (SAT) has made significant progress in establishing clear standards and strengthening regional and global developments for sustainable finance initiatives. But if the SAT wants to remain the be...

Singapore’s key inflation gauge slowed in May due to a continued decline in recreation prices. The core inflation rate, which excludes housing and private transportation costs, stood at 0.6% in May from a year earlier, according to a statement by the Department of Statistics Singapore. That’s lower than the 0.7% in April and aligns with the median estimate in a Bloomberg News survey of analysts. The overall inflation rate came in at 0.8% last month, same as the survey median estimate. Recreation prices dropped 2% in May compared to a year ago, after also falling 1% in April. The food inflation rate was 1.1% in May, while healthcare costs climbed 2.7%. Earlier this month, economists from a separate Bloomberg survey cut their outlook for both headline and core inflation f...

The shares of KFin Technologies Limited were trading at ₹1,280.80 up by 41.60 or 3.36 per cent on the NSE today at 10.06 am as KFin Technologies Limited announced a 30.2 per cent year-on-year increase in revenue from operations to ₹10,907.5 million for the fiscal year ended March 31, 2025. The financial services platform reported a profit after tax of ₹3,326.3 million, up 35.2 per cent compared to the previous fiscal year, with PAT margin at 30.5 per cent. The company’s board has proposed a dividend of ₹7.50 per share, subject to shareholders’ approval.KFin Technologies has entered into a definitive agreement to acquire a controlling 51 per cent stake in Ascent Fund Services (Singapore) Pte. Ltd., with plans to gain 100 per cent ownership over the next five years. This acquisition aims...

U.S. tariffs will have multiplier effects that will "generate a broader negative income and demand shock to the Singapore economy", the Monetary Authority of Singapore said in its macroeconomic review released on Monday. As well as the direct impact of a 10% baseline tariff on Singapore's exports to the U.S., its second-largest export market, there will also be indirect effects from the tariffs levied on other countries, the central bank said. The MAS said the tariffs were a production tax on producers and exporters that would impact corporate incomes and profits and constrain aggregate demand in the city-state. Singapore, which ran a trade deficit with the U.S. last year, has a lower "reciprocal" tariff rate than other Southeast Asian countries, although Washington has suspended...