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Beware: this graph suggests deteriorating Singapore banks' asset quality

375 reads

Something is rotten in the reported bank system's loan growth of 7% in August. Read ››

HSBC names Tom Grimmer as Head of Communications for Asia

293 reads

Mr Grimmer held several senior communications positions with investment banks in Hong Kong and China. Read ››

Risk currencies make advances in US trade

105 reads

The Singapore dollar was no exception, says IG Markets Singapore. Read ››

Check out why Singapore's bond issuance hits record high

201 reads

Bond offerings rose a whopping 116.4%. According to Thomson Reuters, primary bond offerings from Singapore-domiciled issuers witnessed a record volume of US$26.9 billion, as local companies tap both domestic and foreign bond markets to raise funds, up 116.4% from the first nine months of 2011. Read ››

Singapore's overseas acquisitions in Indonesia reaches a record high of US$9.4b

250 reads

This is because of DBS' acquisition of Bank Danamon that reached US$7.4b. Read ››

Temasek unveils sale of 400m shares in SingTel

137 reads

SingTel still remains the largest company in Temasek's portfolio. In an SGX release, Temasek announced that it has entered into an agreement to sell 400 million shares in Singapore Telecommunications Limited ("SingTel"). Read ››

Singapore dollar losing ground

173 reads

The local currency trades at $1.2299, edging closer to the $1.23 threshold. Read ››

Singapore banks still averse to funding diversification: Fitch

187 reads

DBS, OCBC and UOB will continue to accumulate customer deposits aggressively. Read ››

Manulife Singapore unveils interactive branding campaign

160 reads

It aims to further push its current 71% brand awareness. Read ››

Singapore continues trading in tight band

85 reads

The MAS meanwhile may slow the appreciation of the local currency to help the country’s exporters. Read ››

Analysts worry over OCBC's volatile non-interest income

225 reads

OCBC's earnings will suffer significantly if bad debts head higher. Read ››

DBS' newest strategic alliance revealed

179 reads

DBS will now work with Export Import Bank of Korea in infrastructure and project financing. Read ››

Standard Chartered to slowly 'chip away' at DBS' advantage

343 reads

DBS remains the 'king of savings deposits,' says CIMB. Here's more from CIMB: DBS has the largest S$ deposit base in Singapore, thanks to its acquisition of POSB in 1998 and its huge ATM and branch network. Read ››

UOB faces the most deposit pressure, warns analyst

330 reads

Blame it on UOB's high dependence on time deposit funding. Read ››

Competition heats up between local and foreign banks for SGD deposits

338 reads

DBS and UOB  saw declining deposits in 2Q as foreign banks lure depositors with more attractive rates. Read ››

Traders await effects of QE3

282 reads

The local currency remains stuck in a tight trading channel as the big catalysts expected in Q3 have all occurred, says IG Markets Singapore. Read ››

SGX Appoints Timothy Utama as Chief Operations and Technology Officer

229 reads

Mr Utama will take over starting 1 December. In a release, Singapore Exchange announced the appointment of Timothy Utama as its Chief Operations and Technology Officer, effective 1 December 2012. Read ››

Singapore Reinsurance names Mervyn Low Cheng Chwee as General Manager

152 reads

He will be in charge of the underwriting of treaty and facultative business. Read ››

Singapore dollar trades at $1.2236

74 reads

The local currency remains in a tight channel against the strengthening US dollar. Read ››

ICPAS appoints Lee Fook Chiew as CEO

307 reads

Mr Lee was former Executive Vice President of Wah Hin & Co. Read ››

Here's the real score in Eurozone crisis' impact on Singapore banks

561 reads

DBS, OCBC and UOB will be barely hurt. According to UOBKayHian, Europe is not a core market for Singapore banks. Read ››

OUE refutes reports on Mandarin Orchard Singapore, Mandarin Gallery sale

352 reads

No decision was made on the sale of the two properties. Read ››

Singapore dollar trades at $1.2240

74 reads

Post-QE3 currencies have seen subdued trade with the notable exception of the USD/JPY. Read ››

OCBC most resilient among banks, says analyst

363 reads

The lender was described as the toughest with excellent asset quality and high liquidity. Read ››

Singapore dollar virtually unchanged at $1.2256

86 reads

The greenback is said to be under a lot of pressure after the QE3 announcement which saw it lose ground against all major currencies. Read ››

Singapore dollar trades at $1.2244

159 reads

The local currency could face pressure amidst poor export numbers. Read ››

Resilient Singapore banks will falter in second half: Fitch

184 reads

Signs point to an earnings and asset quality meltdown well into 2013. Read ››

Singapore dollar benefits from weak greenback

131 reads

The local currency hit a one-year high against the US dollar and trades at $1.2215. Read ››

US dollar slips further against the local currency

506 reads

Fed Chairman Ben Bernanke has delivered QE3, half a month after signaling intentions to do so. Read ››

Manulife Income Series–Singapore Fund hits S$30m mark

258 reads

It is the first fund for an investment-linked plan to provide a monthly income. Read ››

Singapore dollar hits new one-year high

122 reads

The local currency has been gaining ground on the USD in the lead-up to Fed’s open market committee meeting. Read ››

Actis appoints Danny Koh as Director in Singapore

365 reads

Mr Danny Koh will also be Head of Origination in Southeast Asia. Read ››

Singapore most targeted nation for M&A in Southeast Asia

346 reads

Singapore targeted M&A is at its highest YTD Volume since 2008. Read ››

What does it mean for Singapore that jobs are being moved back to the EU as it is cheaper?

2630 reads

Banks are switching back office roles to European countries as salaries in Singapore are two to four times more expensive. Read ››

US dollar falls to $1.2293 against the local currency

139 reads

Find out here which two factors pushed down the value of the greenback. Read ››

DBS changes dividend payment date

425 reads

The dividend will be paid earlier than previously announced. DBS Group Holdings Ltd has made an announcement relating to the interim one-tier tax exempt dividend of S$0.28 per ordinary share in the capital of the bank for the six months ended 30 June 2012, including the application of its Scrip Dividend Scheme to the 1H2012 Interim Dividend. Read ››

Here’s how disturbing Eurozone deleveraging is in Asia

277 reads

Eurozone bank loans to Singapore alone fell by 7% to US$58bn in March this year from its peak in June 2011. Read ››

Singapore dollar trades at $1.2369

92 reads

The US dollar is forecast to continue to face outflows as traders move into risk currencies. Read ››

MAS fines a manager $100,000 for contravening provision

285 reads

Mr Shi Jiangtao has paid a civil penalty of $100,000 to MAS without court action. Read ››

Singapore dollar trades at $1.235

129 reads

Major currencies have all gained on the US dollar, says IG Markets Singapore. Read ››