Singapore’s major financial institutions pledged to train more than 80,000 local employees in AI skills as the country moves to cushion white-collar workers from potential job disruption.

Singapore has earmarked S$220 million ($173 million) over three years to fund financial technology and innovation, as it seeks to stay competitive with other rival hubs including Hong Kong that are also investing in this area.

An AI startup that counts some of the world’s largest investment banks among its clients is hiring staff in key Asian hubs, betting that more of the region’s financial firms are ready to embed the technology deeper into their operations.

Singapore’s parliament passed an amended motion on the country’s economic future, backing a call for a more equal and inclusive economy that has room for both local companies and global firms, CNA reported.

National Australia Bank Ltd. is staying with US-built AI models for now, as its technology chief says Chinese systems may lack the ethical restrictions that are placed on the largest US developers.

Oversea-Chinese Banking Corp.  plans to increase its annual technology spending, including on artificial intelligence, to more than S$1 billion ($771 million), said a top executive.

Standard Chartered Plc’s former global head of AI enablement, David Hardoon, has joined Accenture Plc as managing director and head of advanced AI for Southeast Asia.

Banks from Sydney to London are racing to fill the senior role of chief AI officer, a job that barely existed a year ago. Those in the position, however, say it might not be around for long.

JPMorgan Chase & Co. is hiring Nomura Holdings Inc.’s international head of artificial intelligence strategy, according to people familiar with the matter, as the Wall Street bank steps up recruitment of AI specialists to boost productivity.

Global banks are pouring billions into artificial intelligence yet struggling to automate workflows. Two ex-bankers say they are being hired to ignite the shift.

Singapore new home sales surged in April to a six-month high as fresh projects attracted buyers, signaling the market remains buoyant despite the Middle East conflict.

Singapore new home sales surged in April to a six-month high as fresh projects attracted buyers, signaling the market remains buoyant despite the Middle East conflict.

United Overseas Bank Ltd. reported a lower first-quarter profit driven by declines in lending and fee income, while Greater China non-performing assets rose.

Regulators across Asia are stepping up scrutiny of cybersecurity risks in their financial systems, as concerns over Anthropic PBC’s latest AI model Mythos spread.

Singapore new home sales rose in March as fresh project launches drew buyers back to the market after a slow start to the year.

The executive leading Standard Chartered Plc’s adoption of artificial intelligence is leaving the emerging markets lender less than a year into his role, according to people familiar with the matter.

Singapore has committed more than S$1 billion ($782 million) to become a global hub for artificial intelligence. But one of the architects of that effort says the country’s approach to AI readiness may not be sufficient.

Singapore’s three biggest banks pulled in a combined S$77 billion ($61 billion) in net new wealth money last year as geopolitical tensions and trade uncertainty pushed Asia’s rich to move more assets to the city-state.

United Overseas Bank Ltd. shares tumbled the most in almost four months after fourth-quarter profit missed analyst expectations and the bank cut its dividend.

Singapore home prices rose 3.3% in 2025, slightly less than initially estimated, as the market showed signs of cooling toward the end of the year.