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Choosing the right bank account can be a daunting task, with so many options available in the market. When it comes to savings accounts, DBS Bank is a popular choice among Singaporeans. However, which DBS account is better for you? Let’s explore the two main options: DBS Multiplier and DBS Savings Plus. DBS Multiplier is a high-interest savings account that offers up to 3.8% p.a. interest rate, depending on the amount deposited and the number of eligible transactions made. The account requires customers to fulfil certain criteria to qualify for the higher inter...

MSIG Insurance Singapore is one among the leading general insurance companies within the country with over 100 years of experience. MSIG operates in Singapore as a subsidiary of the Mitsui Sumitomo Insurance Group, one among the most important general insurance groups within the world. Company's insurance products and services Personal Insurance Plans Home Insurance (HomePlus) Trips Overseas Insurance Financial Protection Vehicle (MotorMax Plus) Health Insurance Golf Insurance Domestic Help Commercial Insurance Plans Marine I...

1. Create and Stick to a Budget A well-structured budget helps you track your income and expenses. Prioritize essential expenses such as rent, utilities, and groceries while allocating a portion of your income towards savings and investments. 2. Build an Emergency Fund Having a financial cushion can protect you from unexpected expenses like medical emergencies or job loss. Aim to save at least three to six months’ worth of living expenses in an easily accessible account. 3. Reduce Unnecessary Expenses Evaluate your spending habits and cut back on no...

SINGAPORE (THE BUSINESS TIMES) - UK-based payments fintech firm Revolut has appointed Mr James Shanahan - previously the chief operating officer (COO) of insurtech company Singapore Life - as its Singapore chief executive officer to lead the growth of its Asia business. The firm has also hired former Credit Suisse managing director Rayson Tan as its new chief compliance officer, chief risk officer and head of legal in Singapore. Ms Pam Chuang, previously the vice-president of sales and partnerships at fintech firm GoBear, has also joined Revolut as its new hea...

SINGAPORE (THE BUSINESS TIMES) - OCBC Bank's annual general meeting (AGM) will be held virtually on May 18, the lender told shareholders in an announcement on Sunday morning (April 26). The original date was axed amid the deadly Covid-19 pandemic that has put the nation under lockdown. It is the second local bank to state its plans, after DBS unveiled virtual AGM plans in mid-April. Earlier this month, OCBC said it would postpone the meeting, which had been scheduled for April 30, pending changes to the law and rules on safe distancing and AGM tele-confer...

```html Why Donate to Food Banks: Making a Difference in Your Community In a world where food waste and hunger coexist, donating to food banks becomes an essential act of kindness and responsibility. Food banks play a critical role in bridging the gap between surplus food and those who need it the most. But why should you consider contributing to these vital organizations? This blog post delves into the reasons why donating to food banks is a meaningful way to impact your community positively. Understanding the Role of Food Banks Food banks are nonprofit organi...

```html Understanding How Student Loans Work: A Comprehensive Guide Navigating the world of student loans can be daunting for many students and their families. With rising tuition costs, understanding how student loans work is crucial for making informed financial decisions. This guide aims to demystify the process, explaining the different types of loans, how they are repaid, and tips for managing them effectively. What Are Student Loans? Student loans are a type of financial aid designed to help students cover the cost of higher education, including tuitio...

```html Why Do Banks Have High Debt to Equity? In the complex world of finance, banks often exhibit a characteristic that might seem counterintuitive to many: a high debt to equity ratio. This financial metric, which compares a company's total liabilities to its shareholder equity, is a crucial indicator of financial health. But why do banks have high debt to equity ratios, and what does this mean for their operations and stability? Let's delve deeper into this intriguing topic. Understanding the Debt to Equity Ratio The debt to equity ratio is a financial rati...

Bank of Singapore is subsidiary of OCBC Banks which is the second largest bank of the Southeast Asia. Bank of Singapore is hadquarted in Singapore and operates from a open economy. Bank of Singapore is the fastest growing private bank in the Asia. Parent company of Bank of Singapore, OCBC was found in 1932. OCBC is known for its financial strength and stability. It is one of the world’s most highly rated banks accordding to the Moody’s. Bank of Singapore continues to build relationship with their clients. Bank of Singapore Contact Information Bank of Singapo...

LONDON • Problem loans at some of Standard Chartered's large clients may top US$600 million (S$851 million) as a string of corporate scandals coincides with woes at firms hit by the coronavirus pandemic. NMC Health, the hospital operator that has uncovered evidence of fraud, and Hin Leong Trading, the Singapore oil trader being investigated by police, represent nearly US$500 million of lending for Standard Chartered, according to public filings. Separately, a South African farm bank that the London-based company lends to has defaulted on some of its debt.

FRANKFURT (BLOOMBERG) - Billionaire activist investor Christopher Hohn has called on Wirecard to remove chief executive officer Markus Braun after an independent audit of past revenues criticized the German payments processor for internal "shortcomings." The probe by KPMG was unable to obtain the data needed to verify revenues of 1 billion euros (S$1.54 billion) in transactions with third parties. Wirecard hired the accounting firm in October to look into its third-party partner business as well as operations in India and Singapore following a series of reports...

Allianz Singapore branch (Allianz Global Corporate & Specialty Property) operates within the country since 1981, serving the fast-growing Asian markets and delivering world-class insurance solutions, technical expertise and merchandise innovation to local and Asian customers. The company offers customers a spread of insurance packages, covering the subsequent business needs: liability, property, energy, engineering, marine, aviation, package & multiline and financial lines, with special expertise in niche products markets like Directors & Officers (D&O), Profes...

```html How Do Banks Benefit from Credit Cards? In today's financial world, credit cards play a crucial role not just for consumers but also for banks. While consumers enjoy the convenience and purchasing power credit cards offer, banks have crafted these financial tools to generate substantial benefits for themselves. But how do banks benefit from credit cards? Let's delve into the various ways banks profit from offering credit cards to their customers. Interest Income One of the primary ways banks benefit from credit cards is through interest income. When car...

```html Why Do Banks Freeze Accounts? Have you ever tried to access your bank account only to find out it's been frozen? It can be a distressing situation, leaving you wondering what went wrong. In this blog post, we will explore the reasons behind why banks freeze accounts and what you can do if it happens to you. Understanding these reasons can help you prevent future issues and manage your finances more effectively. Common Reasons for Account Freezing There are several reasons why banks might decide to freeze an account. Some of the most common reasons inclu...

Singapore is a hub for finance and banking in Asia and is home to some of the leading financial institutions in the region. The city-state offers a stable political and economic environment that has attracted a large number of banks, investment firms, and other financial institutions from around the world. These financial institutions provide a wide range of services including retail banking, wealth management, investment banking, and corporate finance. The leading financial institutions in Singapore include both local and international players, each offering u...