Financial Services

Deposit growth in Singapore still sluggish in May at 7.8%

Deposit growth in Singapore still sluggish in May at 7.8%

With slower deposit growth vs loan growth, loan-to-deposit ratio surpassed 90% in May 12, says DBS.

MAS to allow some foreign banks to operate up to 50 places for business?

Here's what you need to know about the changes in MAS' Qualifying Full Bank programme.

Local currency back in $1.28 zone

On Friday morning the Singapore dollar hovers just below $1.28 as traders mull over the EU growth package and its possible calming effect on global...

Singapore dollar holds steady against the greenback

Having edged down slightly this week from just above the $1.28 mark, the local currency currently trades at $1.275, says IG Markets Singapore.

DBS surges to record profits in India

DBS Bank India grew its net profits a staggering 164% in what appears to be a payoff for aggressive expansion.

Singapore dollar trades at $1.2784 against the greenback

Stronger Asian currencies are trading in a tight range, says IG Markets Singapore.

Real estate woes top Singaporeans’ retirement worries

Do you see yourself putting a premium on the same investment?

Gerontophobia strikes: 83% of rich Singaporeans fear unexpected expenses in old age

Those who can afford more are afraid of sudden spending--how ironic.

Are Singapore banks stable enough for a devastating economic scenario?

It seems so, if the Southeast Asian banks' closing credit gap with Western peers is anything to go by.

Singapore dollar sits above $1.28 level

The local currency has sat above the $1.25 level for almost two months and is unlikely to regain this level, says IG markets Singapore.

Singapore, Thailand widen currency collateral agreement

Monetary Authority of Singapore and Bank of Thailand will accept a broader range of collateral in their liquidity provisioning facilities.

DBS and OCBC downgraded to neutral

Macquarie says a convincing bull market could make them switch back, amidst improvement in earnings and sentiment.

Slowdown looms for Singapore banks

Macquarie says rosy trading income numbers in 1Q12 are not likely to repeat throughout the year.

M&A deals in Southeast Asia slowed in 2012

DBS aquisition of Bank Danamon of Indonesia , tagged as the 'largest M&A deal at' $7.3bn, failed to push growth.

Singapore dollar retreats against US dollar

FX markets are expected to trade in tight ranges as traders wait for fresh leadership and direction from this week's EU Summit, says IG Markets...

MAS sets up collateral arrangement with Bank of Thailand

Financial institutions in Singapore and Thailand will now have greater flexibility in their liquidity management.

Pawnbroker Maxi-Cash listed on Catalist at the SGX

Catalist becomes Maxi-Cash's capital-raising platform for its business strategy and expansion plans.