Financial Services

Currency Briefing - what you need to know for Tues April 10, 2012

The local currency currently trades at $1.2608 against the greenback.

Singapore loan growth might slow to ASEAN-4 low

CIMB predicts a marked deceleration for bank loan growth as last year's torrent of trade-finance loans dries up.

Currency Briefing - what you need to know for Mon April 9, 2012

The US dollar has recovered slightly against the Singapore dollar and now sits at $1.26.

DBS diversifying past its Singapore core market: UOB

The bank's reliance on Singapore revenues will likely diminish to 49% from 62% as its regional clout rises.

Asian reinsurance rates starting to spike

Now the region is beginning to feel the rate-raising impact of last year's deluge of natural disasters.

Thailand banking sector regains ground

Banks seem likely to meet the 23% net profit growth target as they recover from floodings of 4Q11.

Currency Briefing - what you need to know for Thurs April 5, 2012

The Singapore dollar is finding a floor at the $1.2535 level but is finding resistance at $1.26.

Currency Briefing - what you need to know for Wed April 4, 2012

The Singapore dollar continues to trade within a tight range against the US dollar, sitting at $1.2548.

Phillips Securities sees positive outcome in Danamon acquisition

DBS has the funding capabilities to increase Danamon’s growth.

What will DBS gain from its Bank Danamon stake purchase?

Buying control of the Indonesian bank will solidify its regional position and open up new sources for growth.

Singapore syndicated loans down by 28%

It tracks global downtrend where only 3 of the top 15 nationalities experienced an increase.

Currency Briefing - what you need to know for Tues April 3, 2012

The local currency strengthened further against the US dollar amidst positive news from China.

Currency Briefing - what you need to know for Mon April 2, 2012

The Singapore dollar strengthened against the greenback amidst positive Chinese manufacturing data.

DBS to acquire Indonesia’s Danamon

The transaction will make DBS the fifth largest in Indonesia.

Currency Briefing - what you need to know for Fri March 30, 2012

The Singapore dollar currently sits at $1.2574 for every US dollar.

Manchester United fans score a victory with Maybank Singapore

This legendary tie up promises to provide platinum visa card members with experiences and premiums money can’t buy.