Financial Services
Singapore dollar holds onto gains against the greenback
Singapore dollar holds onto gains against the greenback
Positive comments from the ECB have provided ‘a shot in the arm’ to risk currencies, says IG Markets Singapore.
Chinese insurers need better risk management policies: Fitch
Laxer restrictions will now allow insurers to invest in more complex assets, which the ratings agency believes should be balanced with stronger risk...
Need a raise: 1 in 2 banks to raise wages
They expect salaries to rise in the next 12 months by an average 6%.
SGD NEER firmer amidst return of market appetite for risk
Singapore now seems to be receiving the status as a potential safe haven in Asia, says IG Markets Singapore.
Singapore Exchange suffers 23% drop in earnings
Securities Revenue also fell 15.5% amid market uncertainty.
Jardine Cycle and Carriage profit up by 5%
Consolidated net debt was US$750 m at end-June 2012.
Singapore banks exposure to Europe not significant
OCBC with a small exposure at 1.8% of total assets would be least affected by any fallout from Europe.
USD-SGD trips below 1.2520
The pair may consolidate around the 1.2500 support pending further news flow, says OCBC.
Philippines' central bank opts for preemptive rate cut
BSP is taking full advantage to cut rates and insure the economy against a further slowdown on the external front, says DBS.
Singapore dollar continues to edge up against the greenback
The US dollar weakened against major currencies, with the local currency up at $1.2516.
DBS most at risk from Euro woes
Around 30% of its loan book is exposed to SMEs at risk of order cancellations from European clients.
Outlook for USD-SGD remains on the downside
The Singapore dollar may continue to garner support from cited safe haven asset allocations, says OCBC.
RMB is 'moderately undervalued', says IMF
The IMF lowered its forecast for China’s medium term current account surplus as percentage of GDP.
Monetary conditions facing the Philippines 'unique' compared to peers
Despite risk aversion, the peso has remained strong and is the best performing currency in Asia this year, says DBS.
Bank of Japan forecast to ease policy
The external uncertainties and yen’s strength will likely prompt the BOJ to ease again in the next three months, says DBS.
Singapore steps up efforts against fraudsters
At least 3 masterminds of motor insurance fraud scams were sentenced to jail over the last 2 years, says MAS.
Singapore dollar strengthens to $1.2572
There was an underlying sense of optimism after a dreadful start to the week caused by jitters over Spain and Greece, says IG Markets Singapore.
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