Financial Services
Singapore dollar hits three-month high against the greenback
Singapore dollar hits three-month high against the greenback
The local currency traded at $1.2454 on 1 August 2012 morning, its highest level since early May.
Housing loans surged 15% in June
Singaporeans seem to be richer as car loans and credit cards also went up 9.5% and 14.8%.
Singaporeans refuse to be loyal to a single bank
More than half distribute deposits and investments to three or more banks, says survey.
1 in 2 Singaporeans frustrated with banks' services
17% will actually not recommend their primary banks to others.
Lower lending rates seen for Indonesia
A BI official says lending rates should be lower to improve internal bank management and encourage competition.
USD-Asia await further global cues
Trade will be in a slightly more consolidative manner, says OCBC Treasury Research.
SGX seeks public views on new securities margin rules
With the proposed framework, margins will be imposed on portfolios of Central Depository members.
Singapore dollar holds onto gains against the greenback
Positive comments from the ECB have provided ‘a shot in the arm’ to risk currencies, says IG Markets Singapore.
Chinese insurers need better risk management policies: Fitch
Laxer restrictions will now allow insurers to invest in more complex assets, which the ratings agency believes should be balanced with stronger risk...
Need a raise: 1 in 2 banks to raise wages
They expect salaries to rise in the next 12 months by an average 6%.
SGD NEER firmer amidst return of market appetite for risk
Singapore now seems to be receiving the status as a potential safe haven in Asia, says IG Markets Singapore.
Singapore Exchange suffers 23% drop in earnings
Securities Revenue also fell 15.5% amid market uncertainty.
Jardine Cycle and Carriage profit up by 5%
Consolidated net debt was US$750 m at end-June 2012.
Singapore banks exposure to Europe not significant
OCBC with a small exposure at 1.8% of total assets would be least affected by any fallout from Europe.
USD-SGD trips below 1.2520
The pair may consolidate around the 1.2500 support pending further news flow, says OCBC.
Philippines' central bank opts for preemptive rate cut
BSP is taking full advantage to cut rates and insure the economy against a further slowdown on the external front, says DBS.
Singapore dollar continues to edge up against the greenback
The US dollar weakened against major currencies, with the local currency up at $1.2516.
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