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
Singapore’s sovereign wealth fund GIC has secured a 25 percent interest in a Spanish fibre‑optic broadband venture jointly owned by Vodafone Spain and MasOrange, part of its broader strategy to diversify into global infrastructure assets. Deal De
Singapore’s financial regulator imposed S$27.45 million in fines on nine banks and institutions over widespread anti‑money laundering failures tied to a 2023 scandal. The enforcement marks the strongest regulatory action since the 1MDB affair. Sc
OCBC reports a 7 percent year‑on‑year decline in second‑quarter net profit to S$1.82 billion, in line with forecasts. The bank cuts its 2025 net interest income outlook, citing persistent tariff uncertainty and global trade tensions. Financial