Financial Services
Currency Briefing - what you need to know for Mon May 14, 2012
Currency Briefing - what you need to know for Mon May 14, 2012
Holding steady against the US dollar, the local currency is trading at $1.2513.
OCBC earnings boom is unsustainable
Its1Q12 earnings wowed the markets but on closer inspection it is composed mainly of one-off investment gains.
Currency Briefing - what you need to know for Fri May 11, 2012
The Singapore dollar slipped above the $1.25 threshold, currently trading at $1.2517.
OCBC profit jumps 32% to S$832m
Net interest income rose by 21% to S$951million with loan growth partly offset by lower net interest margin.
UOB banking on higher loan yields
It considers US loans as its primary growth driver and will seek to build up its loan book over deposits.
UOB's net profit up 12.4% to S$688m
Strong non-interest income was sustained in 1Q12 with an increase of 26.1% to reach S$630 million for the quarter.
Currency Briefing - what you need to know for Thurs May 10, 2012
The Singapore dollar is trading at $1.2520 against the US dollar as it slips back across the $1.25 threshold.
Tighter regulations set for sale of special investment products
Intermediaries are now required to check whether a customer has sufficient investment knowledge before a sale gets a greenlight.
Currency Briefing - what you need to know for Wed May 9, 2012
The local currency is trading below the $1.25 threshold against the US dollar.
Singaporeans raring and ready to try mobile cashless payments
A survey conducted worldwide by Mastercard reveals Singapore as one of the key markets ripe for this emerging cashless payment system.
Currency Briefing - what you need to know for Tues May 8, 2012
The Singapore dollar is back below the $1.25 resistance level against the US dollar.
ASEAN Infrastructure Fund to bolster development of infrastructure in Southeast Asia
The financing initiative will fund the building of road, rail, power, water projects with a $75 million lending cap each to increase trade and...
Currency Briefing - what you need to know for Mon May 7, 2012
The local currency is trading at $1.2496 amidst negative market sentiment.
DBS merger deal in Indonesia seen to cement bank’s hold in SE Asia
The bank’s plan to merge BDMN with PT Bank DBS Indonesia will create the fifth largest bank in Indonesia.
Currency Briefing - what you need to know for Fri May 4, 2012
The local currency fell back above the $1.24 threshold, trading at $1.2438.
OCBC still the world's strongest bank: Bloomberg Markets
It topped the annual list for the second straight year while its two Singapore rivals slid further down the Top 10.
Currency Briefing - what you need to know for Thurs May 3, 2012
The local currency fell back onto the $1.24 threshold, with the US dollar trading higher against all of the major currencies despite weaker economic...
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