Financial Services
Singapore dollar trades at $1.2653
Singapore dollar trades at $1.2653
The local currency has regained some territory on the US dollar coming off the $1.27 level, says IG Markets Singapore.
Japan cuts lending program by JPY 5trn
The fine tuning of monetary policy should have little impact on the financial markets and the real economy, says DBS.
Philippines' central bank wary of speculative flows
BSP’s tightening of control suggests that it may be worried about the strength of the peso, says DBS.
Singapore dollar slips above $1.27
The local currency lost ground to the US dollar as investors anticipate weak data from China, says IG Markets Singapore.
CIMB purchase of RBS India hits legal wall
An "unexpected legal issue" has forced RBS to drop its India business from an ongoing bulk sale and purchase agreement.
Thailand's banking system outlook stable, says Moody's
Thai banks have the financial flexibility to withstand a substantial deterioration in asset quality, according to Moody's stress tests.
Singapore dollar little changed against the greenback
Even as the US dollar strengthened against major currencies, it gained very little ground against the Singapore dollar.
Conservative Singaporean investors place bets on stocks
3 out of 4 consumers will not invest in mutual funds and structured investment products.
3 of 5 Singaporeans prefer face-to-face banking deals
Cautious clients would not exchange banking security for convenience.
Wise Singaporeans among heavy credit card users
A whopping 62% of Singaporeans turn to credit cards when paying.
Almost 8 out of 10 consumers in Asia Pacific distrust financial advisors
So, who do they consult with regarding personal finance and wealth?
Indonesia's Rupiah set to see stability in Q4
BI Governor Darmin Nasution said the Rupiah may be more stable in the fourth quarter on capital inflows.
Below 15% cut proposed for lending rates in Vietnam
The reduction of lending rates will drastically squeeze bank profit margin, says OCBC.
Singapore dollar trades at $1.2689
The local currency is stuck in a tight trading range against the US dollar amidst the ‘grim’ global economic picture, says IG Markets Singapore.
USD-SGD slips back below 1.2700 interim support
OCBC says USD-Asia will continue to track on the back of cues from the EUR-USD.
Singapore banks brace for heightened competition
CIMB presumes Bank of China will be granted Qualifying Full Bank privileges as a clearing bank for RMB in Singapore.
Bank of Korea not following suit?
BOK is not expected to follow the ECB and the PBOC to cut rates this week, says DBS.
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