The weekly round-up is a new column that looks at and summarises interesting Singapore corporate developments and business news over the past week.
Keppel Corporation Limited (SGX: BN4)
Probably the biggest piece of news this week was when Keppel Corporation announced that it was exploring a potential combination with rig-player Sembcorp Marine Ltd (SGX: S51).
You can read more about the details HERE.
United Overseas Bank Ltd (SGX: U11)
One of Singapore’s largest lenders has set its sights high for the coming years.
United Overseas Bank, or UOB, intends to double its wealth management income and increase its assets under management (AUM) by a double-digit compound annual growth rate in five years.
Such a move is in line with increased digital adoption caused by the pandemic.
Jacquelyn Tan, head of Group Personal Financial Services at UOB, announced that the bank will commit more than S$200 million in digital innovation over the next three years....