Financial Services
DBS most at risk from Euro woes
DBS most at risk from Euro woes
Around 30% of its loan book is exposed to SMEs at risk of order cancellations from European clients.
Outlook for USD-SGD remains on the downside
The Singapore dollar may continue to garner support from cited safe haven asset allocations, says OCBC.
RMB is 'moderately undervalued', says IMF
The IMF lowered its forecast for China’s medium term current account surplus as percentage of GDP.
Monetary conditions facing the Philippines 'unique' compared to peers
Despite risk aversion, the peso has remained strong and is the best performing currency in Asia this year, says DBS.
Bank of Japan forecast to ease policy
The external uncertainties and yen’s strength will likely prompt the BOJ to ease again in the next three months, says DBS.
Singapore steps up efforts against fraudsters
At least 3 masterminds of motor insurance fraud scams were sentenced to jail over the last 2 years, says MAS.
Singapore dollar strengthens to $1.2572
There was an underlying sense of optimism after a dreadful start to the week caused by jitters over Spain and Greece, says IG Markets Singapore.
MAS unveils S$20b facility to protect depositors
The contingent liquidity provided to the Singapore Deposit Insurance Corporation is a back up in case of banking dilemma.
Spot USDCNY traded above 6.39
The fixing is likely to be higher further as the USD strengthened further overnight.
SGX to provide direct connection to ASX 24 markets
Partnership with ASX is SGX's third global connectivity venture.
Singapore dollar trades at $1.2632
The Singapore dollar has lost the ground it gained after better-than-expected China manufacturing data lifted Asian currencies, says IG Markets...
DBS' net profit to slip 11.8% to S$823m
Non-interest income may also fall by 13% qoq to S$713.
OCBC to suffer the largest fall compared to DBS and UOB
That is in terms of the bank's non-interest income as it is expected to slump 35% to S$548m.
Asian currencies to look towards the CNY for further cues
The regional pairs may continue to remain adrift, says OCBC Treasury Research.
USD-SGD expected to bounce around in 1.2550-1.2650 range
The SGD NEER is currently around +0.23% above its perceived parity.
Banks' earnings to take a nosedive in 2H
Blame it on flattish net interest income.
Lending of South Korean banks need improved supervision
Board of Audit and Inspection says some lenders failed to pass on interest rate cuts to customers during the 2008-09 crisis.
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