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Market Daily Report: Bursa Malaysia Ends Higher On Blue-Chip Buying, Tracks Most Regional Markets

KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia ended higher on Friday as investors continued to accumulate blue-chip stocks in line with stronger performances across most regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.50 points to 1,724.90 from yesterday’s close of 1,720.40. The benchmark index opened 0.83 of a point higher at 1,721.23, and moved between 1,715.67 and 1,730.12 throughout the day. The broader market was positive with gainers outpacing losers 707 to 402, while 547 counters were unchanged, 1,085 untraded and 56 suspended. Turnover expanded to 3.03 billion units valued at RM3.56 billion from 2.49 billion units valued at RM2.25 billion on Thursday.

Singapore Stocks Edge Up as Tech Rebound Lifts Sentiment, UOB Deal in Focus

Singapore equities opened firmer as a  rebound in US technology stocks  and easing risk sentiment supported regional markets, while investors focused on potential  value-unlocking moves in the banking sector . Market Snapshot The  Straits Times Index (STI)  rose  0.18% to 4,972.54 , with  advancers outpacing decliners (75 vs 41)  in early trade, reflecting cautious optimism. Wall Street Recovery Driven by Tech US markets stabilised after last week’s selloff, led by a sharp rebound in semiconductor and tech names: Nasdaq +0.9% ,  S&P 500 +0.3% , while  Dow -0.2% Intel  surged  11.2% Micron Technology  gained  9.9% Marvell Technology  rallied on index inclusion The move highlights  resilient investor conviction in AI-driven growth , despite recent volatility. Singapore Labour Market Shows Caution Hiring sentiment weakened, with outlook falling to  +13% for Q3 2026 , the lowest since 2021. Companies ar...

Singapore’s Banks Ride the RMB Wave: A New Era in Cross-Border Payments

Singapore’s financial powerhouses—DBS, UOB, and OCBC—are accelerating their expansion into RMB cross-border settlements , positioning themselves as  regional leaders  in Asia’s rising RMB payment ecosystem, driven by China’s Belt and Road Initiative (BRI) and the global momentum behind RMB internationalization. RMB Payment Volumes Hit Record Highs In  2024 , China's  Cross-Border Interbank Payment System (CIPS)  handled over  RMB 175 trillion , marking a  42.6% YoY increase , underscoring the  growing relevance of RMB as a global settlement currency . This surge aligns with a broader trend of  de-dollarization , further incentivizing regional financial institutions to  deepen RMB infrastructure capabilities  and  tap into the expanding RMB payment corridor . Singapore’s Big Three: Strategic Integrations with CIPS DBS Leads the Charge in RMB Clearing First Singaporean bank to become a  direct CIPS participant . Achieved...