UOB

Don't Miss:

10/05/2024 For complex iPhone AI tasks, Apple will use cloud-based servers running M-series chips ( Electronics )
10/05/2024 Samsung plans to add $1B to Vietnam investment annually ( Electronics )
08/05/2024 Digital content exporters open foreign offices to avoid tax ( General )
06/05/2024 WhatsApp’s new status update tray with previews is rolling out more widely in beta ( General )
02/05/2024 A Deep Dive into Grade A Buildings in Hong Kong ( General )
02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )

Retail Asia05/04/2021

His compensation in 2020 included an unchanged base salary of S$1.2 million, S$8.568 million bonuses, and S$37,000 in-kind benefits. Wee Ee Cheong, UOB’s deputy chairman, and CEO, received a total of S$9.805 million in 2020, down 8.8 percent from S$10.75 million in 2019, according to the bank’s annual report, published Wednesday. Some 60 percent of […]

CONTINUE READING

Retail Asia10/03/2021

The bank has announced that it will launch in June a round of pay increases and promotions, excluding senior employees, that will cover up to 98 percent of its employees. UOB said it is confident in a sustained economic recovery in 2021, and wants to recognize the efforts made by its 26,000-strong workforce in helping the bank […]

CONTINUE READING

Retail Asia22/02/2021

The bank has signed a strategic partnership agreement with Singapore Business Federation to connect Singapore businesses to opportunities across Asean, especially in Indonesia, Thailand and Vietnam. UOB will help more Singapore companies seize cross-border business opportunities as the financial partner of GlobalConnect@SBF strategic partnerships initiative, the bank announced in a statement on Friday. Under the agreement, both […]

CONTINUE READING

Retail Asia11/01/2021

The bank has become the first issuer to reference the Singapore Overnight Rate Average Overnight Indexed Swap (SORA-OIS) rate for a capital security. The reset coupon rate of UOB’s perpetual, non-call five-year additional Tier 1 (AT1) securities on the first call date will reference the five-year SORA-OIS rate, instead of the five-year Swap Offer Rate […]

CONTINUE READING

Retail Asia08/12/2020

The bank’s new artificial intelligence (AI) solution was developed in collaboration with Singapore-based regulatory technology company Tookitaki, after more than two years of validation and evaluation. UOB has pioneered an AI solution that is highly accurate in identifying suspicious transactions and connected parties as it combats the increased sophistication in financial crime, it announced on Thursday […]

CONTINUE READING

Retail Asia02/12/2020

The bank joins other major FX participants in serving strong institutional FX flows in Asia, as the republic aims to boost its role as the global FX price discovery and liquidity hub in the Asian time zone. UOB will launch an electronic foreign exchange (FX) pricing and trading engine in Singapore, which will enable clients to tap the […]

CONTINUE READING

Retail Asia16/11/2020

The bank plans to give the majority of its 26,000-strong workforce the choice to work remotely two days a week once COVID-19 restrictions are lifted. UOB made the announcement on Friday, following a six-month review of work patterns, workspaces and workforce technology tools, which revealed that 65 percent of the bank’s roles, all of which are […]

CONTINUE READING

Retail Asia04/11/2020

As the COVID-19 pandemic resulted in the majority of the workforce shifting to home-based work, United Overseas Bank (UOB), a leading bank in Asia, collaborated with VMware to enable the Bank to continue its innovation drive without disruption. UOB was one of the fastest organizations in ASEAN to deploy a secure virtual desktop – UOB […]

CONTINUE READING

Retail Asia02/11/2020

UOB will work with Dutch investment company Robeco to tap its expertise in environmental, social, and governance (ESG) matters and integrate sustainable thinking across its business and investment processes. The bank’s asset management arm is launching its Sustainability Academy in the fourth quarter of 2020, which offers development programs to deepen its employees’ understanding of […]

CONTINUE READING

Retail Asia01/10/2020

The new platform aims to transform the digital banking experience for corporate clients and manage their banking needs in a simpler, smarter, and more personalized manner. Customers will be able to manage a range of domestic and cross-border banking activities on UOB Infinity, which aims to streamline business banking by integrating features such as cash […]

CONTINUE READING

Retail Asia11/09/2020

The firm has also obtained verification from Ernst & Young for its Asia Impact Investment Fund’s alignment with the World Bank’s impact investing principles. UOB Venture Management (UOBVM) has issued its disclosure statement on the Operating Principles for Impact Management, becoming the first signatory of the Impact Principles in Southeast Asia to do so, the bank […]

CONTINUE READING

Retail Asia07/08/2020

The bank’s performance was hit by declining margins and pre-emptive credit provisioning as the effects of the Covid-19 pandemic continues to devastate the global economy. United Overseas Bank reported second-quarter net earnings of S$703 million ($513.41 million) – 18 percent down from the previous quarter and 40 percent down from the same period the year before, mainly due […]

CONTINUE READING

Retail Asia04/08/2020

United Overseas Bank launched the UOB Finance Academy, a training and development program in Singapore focused on equipping all employees in the bank’s finance function with the soft and technical skills required to become future leaders in their field. The UOB Finance Academy, which was designed in-house, builds on Better U, the bank’s group-wide learning and development […]

CONTINUE READING

Retail Asia29/07/2020

Its UOBAM Invest service, previously available to corporate clients, is being launched in the form of a mobile app for individuals. UOB Asset Management, a wholly-owned subsidiary of UOB, has rolled out a retail version of its UOBAM Invest online portal, which was first launched in 2018 for corporate investors in Singapore. The platform offers retail […]

CONTINUE READING

Retail Asia07/05/2020

UOB’s Q1 2020 net earnings are down 15 percent on-quarter and down 19 percent on-year, hit by declining margins and higher credit costs. UOB reported a quarterly profit of S$855 million, down from $1.05 billion a year before, and total income of S$2.41 billion, down 1 percent on-quarter and flat on-year despite a lower interest rate […]

CONTINUE READING

Retail Asia24/04/2020

Businesses that require urgent access to funding to stay afloat during the Covid-19 outbreak can take up pre-approved loans of up to S$200,000 ($140,000) and only service the interest until December 31. UOB has announced collateral-free loans to help small and medium enterprises, especially those from hard-hit sectors such as retail and food and beverage, gain […]

CONTINUE READING

Retail Asia10/04/2020

The board has also recommended a final dividend of 55 cents and a special dividend of 20 cents per ordinary share. UOB deputy chairman and CEO Wee Ee Cheong received $10.75 million ($7.53 million) in 2019, an increase of 1.8 percent from last year, the bank said in its Annual Report, published on Wednesday. Apart from his […]

CONTINUE READING

Retail Asia31/03/2020

United Overseas Bank has confirmed a case of Covid-19 at Tower 2 of its UOB Plaza headquarters in Singapore. The employee who tested positive for the coronavirus works in a non-customer facing role and was last in the office on 16 March, the bank said in a statement on Thursday. He is currently under medical care, […]

CONTINUE READING

Retail Asia24/03/2020

UOB Malaysia on Friday announced immediate liquidity relief assistance for customers affected by COVID-19, as the government activated the army to enforce its restricted movement order. Two days after the Malaysian government enforced a Movement Control Order (MCO) to curb the spread of COVID-19, UOB Malaysia announced a slew of measures to help its corporate clients, especially […]

CONTINUE READING

Retail Asia10/03/2020

United Overseas Bank and Prudential Singapore launched a financial solution for women in Singapore that combines a savings account with complementary medical insurance for six female-related cancers. United Overseas Bank (UOB) designed a solution for women who may not be placing enough emphasis on their own financial and health needs such as the 37 percent […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X