Singapore Wrap Thursday

Economy

Earnings

OCBC opens Myanmar branch, sees growth in SME and mid-cap segment

OCBC expects to double its revenue from its regional business of its SME (small and medium enterprise) and mid-cap clients within three years, as it opened its first branch in Myanmar on Thursday, a senior executive said.

DBS's S$18m hongbao to employees came from senior managers' bonus pool: chairman

The S$18 million hongbao given to 18,000 DBS employees came from senior managers' bonus pool, said Peter Seah, chairman of DBS Group Holdings, on Thursday.

MPA pumps S$2.4b into new Tuas Terminal, more funds into green tech

The Maritime and Port Authority of Singapore (MPA) has inked a S$2.42 billion deal to develop the first phase of the upcoming Tuas Terminal, it said in a statement on Thursday.

Singapore: Market weakens despite STI's rise

A quiet session at Singapore Exchange on Thursday ended with the Straits Times Index (STI) 6.51 points firmer at 3,502.75 but with a weak broad market that recorded 195 rises versus 277 falls, excluding warrants.