Financial Services
Plummeting oil prices slam Singapore banks with stressed assets
Plummeting oil prices slam Singapore banks with stressed assets
OCBC’s nonperforming assets surged 91% in Q2.
Singapore banks’ lacklustre results reveal glaring weakness in asset quality: Moody’s
Non-performing loans are at a disappointing uptrend.
Daily Briefing: Plunging oil prices sink Singapore’s banks; Swiber drops liquidation plans
And reclaimed city off Singapore triggers ecology fears.
What Singapore banks need to know about protecting privileged accounts
Most people have been following the story on the Bangladesh Central Bank Heist. If you haven’t, here is the scoop and timeline. On May 15, 2015, three...
Soft global economy to deluge UOB with nonperforming loans in H2
While net interest margin remains narrow.
Swiber’s wind up to slam DBS’ FY16 profits
The bank declared a whopping $700m exposure.
UOB’s net profit jumps by 5.1% to $801m in Q2
Thanks to its rising non-interest income.
OCBC’s net profit plummets by 15% to $885m in 2Q
On back of lower insurance income.
Daily Briefing: OCBC profit slumps 15%; Commercial property market to plummet further
And here’s why Singapore’s industrial production fell.
New bankruptcy system to foster rehabilitative environment to bankrupts
The changes will take effect starting 1 August.
Great Eastern’s profits crash 63% to $102.2m in Q2
It lost $18.7m in disposing of its Vietnam subsidiary.
Daily Briefing: Singapore’s top financial hub status under threat; Oil rigs’ profits plunge as bills pile up
And Singapore’s inflation levels plummet.
Daily Briefing: Less playtime for Singapore bankers; Keppel sees dearth of oil rig orders
And here’s the next step for HDB owners.
Daily Briefing: Singapore warns banks linked to 1MDB; Keppel sees dearth of oil-rig orders
And a 5-room Queenstown flat was sold for $955,000.
MAS’ 1MDB investigation uncovers “control failings” at DBS, UBS, Standard Chartered
It found lapses in both officers, processes.
This industry veteran wants to revolutionize the profit-focused insurance sector in Asia
He’s building a community with Singapore as pilot location.
Singtel and DBS launch resource packages to aid SMEs with e-commerce and cashless payments
It’s part of their 99% SME campaign.
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