Financial Services
3 of 5 Singaporeans prefer face-to-face banking deals
3 of 5 Singaporeans prefer face-to-face banking deals
Cautious clients would not exchange banking security for convenience.
Wise Singaporeans among heavy credit card users
A whopping 62% of Singaporeans turn to credit cards when paying.
Almost 8 out of 10 consumers in Asia Pacific distrust financial advisors
So, who do they consult with regarding personal finance and wealth?
Indonesia's Rupiah set to see stability in Q4
BI Governor Darmin Nasution said the Rupiah may be more stable in the fourth quarter on capital inflows.
Below 15% cut proposed for lending rates in Vietnam
The reduction of lending rates will drastically squeeze bank profit margin, says OCBC.
Singapore dollar trades at $1.2689
The local currency is stuck in a tight trading range against the US dollar amidst the ‘grim’ global economic picture, says IG Markets Singapore.
USD-SGD slips back below 1.2700 interim support
OCBC says USD-Asia will continue to track on the back of cues from the EUR-USD.
Singapore banks brace for heightened competition
CIMB presumes Bank of China will be granted Qualifying Full Bank privileges as a clearing bank for RMB in Singapore.
Bank of Korea not following suit?
BOK is not expected to follow the ECB and the PBOC to cut rates this week, says DBS.
Singapore dollar suffers as the greenback rallies
The US dollar rose to $1.2717 against the local currency.
30% of products pitched by banks and insurers deemed "unsuitable"
Banks and insurers recommend investment and insurance products that 3 out of 10 times disregard the financial goals of their clients.
Singapore expands list of Chinese qualifying full banks
Two more Chinese banks will gain qualifying full bank privileges, one of which will also be authorised as a clearing bank for Renminbi.
SGX geared up for Chinese securities trade
Dual currency trading option available to issuers listing RMB securities on SGX.
China cuts benchmark one-year lending and deposit rates
The move aims at shoring up weakening loan demand seen lately, says DBS.
Singapore dollar shows resilience against the greenback
The local currency has been pretty resilient this week against the US dollar which continues to be the big winner from the eurozone crisis, says IG...
Singapore dollar virtually unchanged at $1.2658
A lacklustre session saw equities, commodities and foreign exchange do very little, says IG Markets Singapore.
USD-SGD to remain 'inherently heavy'
Any further improvements in global risk appetite levels may engender a drift in the SGD NEER, says OCBC Treasury Research.
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