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SINGAPORE'S financial sector has plans to add 6,500 jobs this year, but the "large mismatch" between demand and supply of technology workers means the industry will continue to depend on foreign tech talent over the next few years, said Ravi Menon, managing director of the Republic's central bank....

SINGAPORE'S financial sector has plans to create 6,500 jobs this year, but the "large mismatch" between demand and supply of technology workers means the industry will continue to depend on foreign tech talent over the next few years, said Ravi Menon, managing director of the Republic's central bank....

MORE affluent families have flocked to Singapore as a base to park their wealth in the midst of a worldwide pandemic last year, with the Republic's safe haven reputation a firm draw especially for the well-heeled hailing from North Asia.

FAMILY offices are a big business - though they are not without their challenges.

FOLLOWING DBS' robust Q1 earnings, which was driven by record fee income and lower provisions, RHB and Jefferies have raised their target prices for the bank's shares. The research houses cited strong business momentum and higher loan growth guidance as reasons for their optimism on South-east Asia's largest...

FOLLOWING DBS's robust Q1 earnings on record fee income and lower provisions, RHB and Jefferies are raising their target prices for the bank, citing strong business momentum and a high loan growth guide as reasons for the optimism on South-east Asia's largest bank.

UOB Asset Management's (UOBAM) two China-focused funds - United China-A Shares Innovation Fund and United China-A Shares Consumption Upgrade Fund - have pulled in more than S$1 billion in assets under management (AUM) in less than two years.

GREAT Eastern posted a net profit of S$437.6 million for its first quarter ended March 31, 2021, 12.9 times that of S$33.9 million posted the year prior.

CGS-CIMB Securities (Singapore) has launched a S$150 million multi-tranche commercial paper entirely in digital securities on iSTOX, the digital securities platform backed by Singapore Exchange (SGX), as the financial services provider looks to widen its investor base.

UOB is considering downsizing its office space as hybrid work arrangements gain momentum, but the bank's chief executive officer and deputy chairman Wee Ee Cheong does not expect too significant a reduction in real estate.