Financial Services
Bank lending surged 17% in February 2011
On a month-on-month basis, Singapore bank lending rose 1.6% last month.
Bank lending surged 17% in February 2011
On a month-on-month basis, Singapore bank lending rose 1.6% last month.
OCBC banks launches "scan and pay" application for android phones
The feature allows customer to scan barcodes, obtain billing details and make payments from their accounts.
OCBC launches RMB200mn offshore certificate of deposit
The issue was fully taken up within the day of its launch, said OCBC.
SPRING provided $20mn worth of assistance last year
The money was used to assist 69 start-ups through various programmes.
Insurance underwriting profits up 4.4%
Singapore's general insurance industry recorded a gross premium income of S$3.03 billion in 2010, up 3.7 per cent from the previous year. This was...
Singapore bank loans to grow by 10%:Moody's
Banks are expected to produce solid profits during the next 12 to 18 months against a backdrop of moderate and sustainable GDP growth.
Bank of America global commodities staff exodus continues
Two senior executives of BofA have gone from Singapore including some sales staff according to Reuters.
DBS customers donated over $1mn to help victims of Japan quake disaster
These donations to the "Red Cross Japan Disaster" fund were made via DBS' ATM network and AXS Stations.
Government to toughen up on Credit Rating Agencies
The MAS released a proposal to regulate the CRAs to meet international standards and practices.
MasterCard appoints Maripi Jalandoni as Group Head of Marketing
Based in Singapore, she will ensure that the company's brand positioning is executed effectively across Asia Pacific, Middle East and Africa.
Singapore Minister for Finance named Chairman of International Monetary and Financial Committee
Mr. Tharman Shanmugaratnam has accepted the IMFC's chairmanship for a term of up to three years.
Singaporeans to receive refund for 2011 RTV license fees
Some 1.1 million cheques will be mailed in batches to households, non-residential TV licensees, vehicle owners and dealers.
Singapore auditor oversight system recognised as equivalent to the European Union
Singapore is amongst the first batch of ten countries, including Australia, Canada and the US, to gain this recognition.
Singaporean banks to benefit from Enhanced Deposit Insurance
The revised deposit insurance scheme would insure in full 91% of the expanded insured depositor base.
DBS establishes structured debt solutions and securitization capability
Unit set up makes DBS the only Asian bank to offer advice and solutions in the industry, which is seeing keen interest from customers across the...
Singapore insurers to tap Far East markets in 2011:Ernst & Young
Insurers must choose their opportunities carefully and move quickly to take advantage of the expansion in South Asia and East Asia.
Manulife Asset Management launches two new funds
The Manulife Global Contrarian Fund and Manulife Strategic Income Fund are the first global funds to be launched by Manulife Asset Management in...
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