Financial Services
Great Eastern denies claim of $659.76m contribution to Malaysian insurance fund
Great Eastern denies claim of $659.76m contribution to Malaysian insurance fund
It is still in talks with Malaysian authorities for options on meeting foreign ownership rules.
DBS profit balloons 72% to $1.41b in Q3
Strong lending and fee income figures boosted quarterly earnings.
OCBC profits jumped 12% to $1.25b in Q3
Net interest income grew 9% to $1.51b.
Singapore gives China a run for its money as it makes headway with its fintech dreams
Six homegrown fintech firms made it to the world’s top 100 with Grab nabbing a place in the top ten.
Bank loan growth slows to 4.5% in September as sentiment sours
This marks the slowest on-year pace since February.
Maybank to deepen Singapore presence with new locally incorporated subsidiary
It will house its private wealth, retail SME, retail banking, and commercial banking units.
Singapore still beats Hong Kong over Asia's open banking readiness crown
DBS and OCBC are regional pioneers in fintech and innovation.
Daily Briefing: Singapore bankers cautious of mainland China travel; Razer sets eyes on international market expansion
And trade and supply chain investor GTR Ventures makes its first African investment.
DBS launches ‘matchmaking' platform linking clients and startups
Participating firms can name the bank as their anchor client during fundraising activities.
World's first commercial cyber risk pool launched in Singapore
It will commit up to US$1b in capacity to provide cybercoverage.
Car insurance costs in Singapore are still cheaper than New York
The average cost of motor insurance is at $862.
UOB's NIM may widen as rising 3-month SIBOR raises lending yields
Its projected loan growth is at 10% and 6.5% for 2018 and 2019, RHB said.
Holders of Noble Group's 2020 notes aware about default: Board
They have a principal amount of nearly $1.63b at 6.75%.
Great Eastern Holdings profits crashed 26% to $213.3m in Q3
Operating profit from insurance business slipped 11% to $141.4m.
Daily Briefing: Manpower minister says minimum wage ‘not yet practical'; One in four bank job openings are for tech-related roles
And SPH co-leads $4.14m funding for US marketing intelligence platform.
Citi debuts virtual remote engagement feature for wealth management clients
It is currently available on Citibank Online.
Grab's prepaid cards goes up against payment giants Tencent and Alibaba
But its link with MasterCard would be its boon in the field, analysts said.
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