Financial Services
Singaporeans' satisfaction with taxes slipped 8% in 2014
Singaporeans' satisfaction with taxes slipped 8% in 2014
Satisfaction dropped for all age groups.
Hong Kong overtakes Singapore as Asia’s premier wealth management hub
The Lion City is a ‘stagnating’ centre, says Deloitte.
Singapura Finance's net profit up 8.6% to $1.5m in Q2
On back of higher net interest income.
Japan’s megabanks saw 22.3% profit surge to ¥718.86 in 4Q14
Thanks to lower credit costs and growing overseas business.
Budget 2015 to zoom in on Singapore’s struggling sandwich class
There will be goodies for middle-income residents.
Chart of the Day: Singapore banks to suffer from weak market-related income in 4Q14
Also, trade loans could fall faster than expected.
Expect muted fourth quarter results from Singapore’s three big banks
On back of lower trading-related income.
Don’t rank Singapore with delinquent debtors, Temasek tells S&P
S&P’s new credit rating framework gives rise to "serious concerns".
Speak English, please: MAS urges firms to use plain language in SGX prospectuses
The PHS requirement will be extended to more issuers.
Great Eastern’s profit surged 30% to $878.6m in FY14
Thanks to higher profits from its insurance segment.
Chart of the Day: Singapore banks’ loan quality hinges on China exposure
China-related loans make up 20-25% of the pie.
DBS launches venture debt programme to fund local tech start-ups
To cement Singapore’s status as a start-up hub.
Singapore’s coveted covered bond market to open by mid-2015
Thanks to amendments proposed by the MAS.
Sakae to establish $250m asset management business
To complement its financial services business.
MAS inks MOU with Central Bank of Myanmar to strengthen bilateral ties
After CBM’s banking liberalisation programme in 2014.
Which local bank is most exposed to rapidly rising interest rates?
Its net profit might jump by as much as 17%.
Banks under threat from aggressive fintech start-ups
Non-bank players are clinching a larger market share.