On January 11, Nguyen Hoa Binh, Vietnam’s Standing Deputy Prime Minister, visited UOB during his official trip to Singapore, engaging with officials and business leaders to deliberate on the establishment of the Vietnam International Financial Centre (IFC), a project unveiled the previous month. During the meeting at UOB, which was hosted by Deputy Chairman and CEO Wee Ee Cheong, discussions centered on Vietnam's strategic outlook for the IFC, key policy initiatives, and the potential for global financial institutions to contribute to and bolster the growth of Vietnam's financial landscape. UOB, which set up operations in Vietnam over thirty years ago as the first Singaporean bank to do so, regards the nation as one of its pivotal regional markets. “As a locally incorporated institution to

Singapore Telecommunications Ltd (Singtel) shares declined approximately 2.4% to S$4.43 during Wednesday afternoon trading, as the telecom operator advanced with a 50Gbps fibre broadband trial announced earlier this week. The stock fluctuated between S$4.42 and S$4.56 throughout the session, with its earnings report scheduled for February 18. Singtel has initiated a technical trial for 50 gigabits per second fibre broadband—the first of its kind by an operator in Singapore—without confirming a timeline for a commercial launch. The pilot utilizes XGS-PON (10 Gigabit Symmetrical Passive Optical Network), a fibre access standard, to rigorously test whether networks can sustain significantly higher speeds while maintaining low latency, the delay in data transfer, as households and businesses h

Grab has initiated a three-month drone delivery pilot program in Singapore's Tanjong Rhu area, partnering with ST Engineering's Unmanned Air Systems business, according to a company blog post on Tuesday, January 6. The Grab drone delivery (Beta) service will be available from Tuesday to Sunday, operating between 10 am and 6 pm, with a capacity for up to 28 drone deliveries daily. Each round-trip flight is estimated to take an average of eight minutes. The service will be suspended during wet weather conditions and on public holidays. Drone delivery offers a solution to geographical challenges that typically hinder delivery speed and efficiency. The Tanjong Rhu neighborhood is isolated from a concentration of restaurants by the Kallang River, which adds significant time to each delivery. Fo

Agnes Koh, the Chief Risk Officer of Singapore Exchange Group (SGX), is set to resign from her position effective March 31. Koh, who was originally appointed to the role back in January 2014, plans to take a brief hiatus and will subsequently return to the group in an advisory capacity starting July. Deputy CRO Ivan Han has been named the CRO designate with immediate effect and will officially take over the Chief Risk Officer responsibilities from April 1. Han became part of SGX Group in 2013, initially serving as the head of foreign exchange (FX) and rates, and was later promoted to head of South Asia equities products. Koh began her tenure with the group in 2005, occupying various positions within the risk management division. Prior to joining SGX, she dedicated over 11 years to managing

Shares of DBS Group Holdings and Oversea-Chinese Banking Corporation (OCBC) surged to unprecedented levels on January 6. OCBC's stock price broke through the $20 barrier for the first time ever, commencing trading at $20.04, while DBS shares reached a fresh peak of $57.48 as of 10:14 am. DBS shares have demonstrated a consistent upward trajectory since the COVID-19 period, with the exception of a dip in April 2025 following the announcement of Liberation Day tariffs. Conversely, OCBC's share price has been achieving new record highs since November 2025, propelled by its announcement of a stable third-quarter net profit of $1.98 billion, driven by increased non-interest income and reduced allowances. However, for the nine-month period concluding on September 30, 2025, the group's net profit

Helen Chow, spouse of Wing Tai Chairman Cheng Wai Keung, purchased an additional 120,000 shares in the company on January 5, with the transaction value remaining undisclosed. Following this acquisition, her total voting shares in the company have increased to 476,339,859, representing a substantial 62.34% of the total ordinary voting shares outstanding. On the day of the transaction, Wing Tai's stock closed at $1.44, marking an increase of 2 cents, or a gain of 1.408%. $(W05.SI)$

On December 31, 2025, the Petrobras 78 (P-78), the inaugural unit among six P-Series floating production, storage, and offloading (FPSO) vessels constructed by Seatrium for Brazil's Petroleo Brasileiro S.A. (Petrobras), successfully commenced its first oil production. First oil signifies the official initiation of production as hydrocarbons are first introduced into the vessel's processing systems. This procedure involves opening a well to initiate the flow of hydrocarbons. The oil then travels through subsea pipelines, ascends via risers, and finally reaches the FPSO, marking the start of production operations. Seatrium announced that this achievement demonstrates the group's successful extension of its comprehensive engineering, procurement, construction, and commissioning (EPCC) capabil

Singapore Telecommunications (Singtel) is currently trialing a 50Gbps XGS-PON fibre broadband service, a technology that dramatically increases the capacity and speed for transmitting data over existing fibre optic lines to both residential and commercial premises. The pilot program will rigorously evaluate the network's performance in increasingly demanding, multi-device environments, which are becoming the norm in AI-enabled homes and workplaces. This 50Gbps technology is poised to unlock ultra-high-definition entertainment and deeply immersive media experiences, supporting everything from today's 8K video to future 12K formats, alongside high-fidelity augmented reality, virtual reality (VR), and extended reality applications. A key design goal is to significantly enhance cloud gaming an

The Singapore Exchange (SGX) has announced that its equities division, SGX Securities, will now operate under the name SGX Stock Exchange, a change revealed by SGX CEO Loh Boon Chye on January 5. Speaking at the 60th-anniversary celebration of the benchmark Straits Times Index (STI) held at the SGX Centre's IPO Arena, Loh stated that this move reinforces the division's role as the core pillar of SGX Group's multi-asset ambitions and is crucial for Singapore's status as an international financial centre. He further emphasized SGX's ongoing commitment to supporting companies throughout their growth cycles while expanding access and opportunities for investors. Chee Hong Tat, Minister for National Development and Deputy Chairman of the Monetary Authority of Singapore (MAS), highlighted that s