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The Pioneer Generation Package (PGP) is a S$9 billion package launched by the Government of Singapore in 2014, aimed at helping pioneering Singaporeans to meet retirement adequacy. PGP is designed as a series of healthcare and social support schemes to show gratitude towards pioneer Singaporeans for their contributions to Singapore during the ...
In 2023, Trust bank had more than 500,000 customers, which is about 10 per cent of Singapore’s adult population. [7] In 2024, the bank had more than 800,000 customers. The deposit balance had surged from S$1.2 billion to more than S$3 billion. [8] The CEO Sadhu predicted that the bank can become profitable by the end of 2025. [8]
Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
DBS Bank Limited is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The Development Bank of Singapore Limited , which " DBS " was derived from, before the present abbreviated name was adopted on 21 ...
"Merdeka" signifies the years that Singapore had worked towards colonial self governance, independence and sovereignty. The Merdeka Generation (MG) had contributed to Singapore's progress from a developing to a developed country and the challenging times such as major financial crisis, September 11 attacks, and the SARS outbreak in Singapore. [2]
Bank of Singapore is the private banking arm and a wholly owned subsidiary of Oversea-Chinese Banking Corporation (OCBC), Southeast Asia’s second largest bank. Formerly known as ING Asia Private Bank , it was acquired by OCBC in 2009 from ING Group for US$ 1.46 billion. [ 3 ]
In August 2014, PhillipCapital Group bought Hwang-DBS Commercial Bank in Cambodia for US$40 million and rebranded it as Phillip Bank. It is the third-largest commercial bank branch network in Cambodia, after the National Bank of Cambodia and Ministry of Commerce (MoC) approved the merger between Phillip Bank Plc and Kredit MFI in 2020. [7] [8] [9]
During the 1960s, Lien was the High Commissioner of Singapore to Malaysia. [5] Lien cofounded Nanyang University [ 6 ] and is the founder of Overseas Union Bank (formerly Overseas Chinese Union Bank), which, in 2001, became part of United Overseas Bank , [ 3 ] as well as the Lien Foundation , which he established in 1980. [ 6 ]