Financial Services

IBF hailed as Jobs Development Partner for finance sector
19 Oct 20
IBF, MAS will conduct surveys on potential hiring, losses within the sector.
DBS to hold inaugural virtual career fair for women
13 Oct 20
The career fair will offer over 50 job opportunities.
Etiqa Insurance appoints new CEO
13 Oct 20
Raymond Ong will succeed its now retired ex-CEO who served for 14 years.
Pandemic drives Singapore banks to accelerate digital offerings
11 Sep 20
In the middle of a crisis, the sector had to be quick and creative.
HSBC Life Singapore names new management team members
7 Sep 20
One is a chief investment officer and the other a chief product officer.
Eight in 10 SMEs in ASEAN rely on technology for cash flow woes
2 Jul 20
Technology is the top investment priority by most of the respondents.
Indian banks burdened with bad loans?
24 Jan 12
Share of loans restructered could ballon to 8% in the coming year, warns Fitch.
MAS implements new CRA regulatory framework
18 Jan 12
Existing Credit Rating Agencies will be given a transition period of 6 months to apply for the required licence.
OCBC appoints Samuel Nag Tsien as Chief Executive Officer
17 Jan 12
Mr Tsien is an internal candidate having the right skills, qualifications and experience, to assume the post.
OCBC appoints Ching Wei Hong as Chief Operating Officer
17 Jan 12
Mr Ching is expected to further boost the organization’s operations and business capabilities.
SGX retreats while China Sky lawyer seeks further instructions
17 Jan 12
Whatever happened during the closed hearing on 16 January 2012 must have worked.
Behind closed doors: Closed hearing set as SGX sues Chinese firm
16 Jan 12
The company was described as “so defiant” and “testing the will and limits” of the bourse.
DBS Bank’s 4Q11 profit seen to slip due to lower investment income
13 Jan 12
An analyst pencils in close to S$3b profit for the bank due to weaker net income on financial investments.
Don’t celebrate just yet as challenges remain in banking
13 Jan 12
Cumulative loan growth for the three banks is expected to decelerate to 10% from 27% in 2011.
Holy cow: Narrow money growth of 1.9% yoy in Nov lower than even during the depth of the Lehman crisis
11 Jan 12
Consumption spending in India has now slowed to a trickle.
Monetary easing in China starting to work: HSBC
10 Jan 12
Money supply growth is on the rebound and further easing measures are still in the pipeline.
Probe points to skimming operation: DBS
10 Jan 12
Following unauthorised withdrawals in Malaysia, investigations revealed about 400 customers have been affected.
DBS investigates fraudulent withdrawals
6 Jan 12
The bank assured customers will be fully compensated for any fraudulent transactions within 24 hours of notifying DBS.
Asia FX appreciation is not necessarily guaranteed: BofA Merrill Lynch
5 Jan 12
The RMB may appreciate this year, but it's not going to be easy for Asian currencies.
Analyst sees stunted loan growth for 2012
2 Jan 12
Loan growth this year will be “sharply lower” than DMG Research’s ~30% estimate for 2011.
New posts at Bank Sarasin reflect bullish outlook on China and SEA
2 Jan 12
The bank will now have a Vice Chair for Client Advisory in Southeast Asia and a banking head for China.
Sakari Resources appoints Chatchawal Eimsiri as Director
22 Dec 11
Mr. Chatchawal assumed executive positions within the PTT Group and brings experience to Sakari Resources.
Singapore rakes in second highest M&A deals in SE Asia
20 Dec 11
Can you guess who topped the list with an $18 billion haul?
How will Singapore banks fare in 2012?
20 Dec 11
The weak economic outlook is casting a shadow over the banking sector.
Bank of Singapore expands management team
15 Dec 11
Changes aimed to position company for long term growth.
Singapore fourth in Financial Development Index
14 Dec 11
Guess which topped the index, overtaking the US and the UK.
DBS offers RMB-denominated endowment plan
13 Dec 11
2.85% yield per annum rests on RMB-vs-USD appreciation in next 5 years.
OCBC Bank appoints Darren Tan as Chief Financial Officer
5 Dec 11
Mr Tan succeeds Mr Soon Tit Koon who has he has efficiently managed OCBC Bank’s capital.
Asian men easily squander money
5 Dec 11
It’s the women who have better skills in money management, says MasterCard’s latest survey.
Managing Director of Uni-Asia Finance retires
2 Dec 11
Mr Kitaro Onishi was responsible for property fund management and investments of the Group.
Outlook for Singapore banks stable: Fitch
2 Dec 11
It said DBS, OCBC, and UOB should be able to keep their credit profiles intact, even with the probability of a fresh global downturn.
Companies' decreasing capex plans dispel robust loans growth
1 Dec 11
System loans had the highest MoM drop since December 2008 - but by how much did it fall?
Ion Orchard and China UnionPay extend partnership deal
30 Nov 11
The deal will enable ION Orchard tenants to provide access the over 2.7 billion UnionPay cardmembers worldwide.
Manulife Singapore’s new business surges 68% to S$22.2 m in 3Q11
23 Nov 11
This is 3.7 times higher than the life insuranceindustry growth rate of 18%.
Analyst warns DBS will continue to lag
23 Nov 11
Culprits cited are limited margin improvement, rising liquidity risks, and potentially higher credit costs overseas.
Happy with how your company is run?
22 Nov 11
If not, then read on to see how things are about to change as proposed revisions to the Code of Corporate Governance have been submitted.
75% of directors worldwide shaken by heightened risk in tax legislation
16 Nov 11
And oh, companies now fear entering emerging markets due to higher risk of tax controversy.
21% of Singapore's wealthy don't trust their kids not to blow the inheritance
16 Nov 11
Amazingly, the rest trust their kids not to blow the family fortune.
Gone: Bank of Singapore Asset Management
16 Nov 11
It ceased to be a subsidiary of OCBC Bank.
CPF members to receive 2.5% interest rate on Ordinary Accounts
16 Nov 11
The risk-free interest rate will be applicable from 1 January 2012 to 31 March 2012.

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