Financial Services

Commercial insurance rates seen to surge

Rate increases of over 30% are being experienced in disaster-hit regions across Asia.

Loan growth to slow significantly to a mere 8% in 2012

This is a depressing figure compared to 2011’s 30.3% growth.

Finance professionals bearish on job bonuses

53% of respondents expect smaller or no extra compensation for their work in 2011.

SGX begins offering virtual environments to listed companies

New corporate service offered through new partnership with InterCall Asia Pacific.

How will the EU bank deleveraging affect Asian credit?

It would probably dry up a source of wholesale FX funding for banks and impede their ability to offer FX loans to clients, and Singapore is not an...

MasterCard expands regional headquarter activities in Singapore

The Singapore headquarters will act as a command and control center for intellectual property management, brand management, and to spearhead and...

Indian banks burdened with bad loans?

Share of loans restructered could ballon to 8% in the coming year, warns Fitch.

MAS implements new CRA regulatory framework

Existing Credit Rating Agencies will be given a transition period of 6 months to apply for the required licence.

OCBC appoints Samuel Nag Tsien as Chief Executive Officer

Mr Tsien is an internal candidate having the right skills, qualifications and experience, to assume the post.

OCBC appoints Ching Wei Hong as Chief Operating Officer

Mr Ching is expected to further boost the organization’s operations and business capabilities.

SGX retreats while China Sky lawyer seeks further instructions

Whatever happened during the closed hearing on 16 January 2012 must have worked.

Behind closed doors: Closed hearing set as SGX sues Chinese firm

The company was described as “so defiant” and “testing the will and limits” of the bourse.

DBS Bank’s 4Q11 profit seen to slip due to lower investment income

An analyst pencils in close to S$3b profit for the bank due to weaker net income on financial investments.

Don’t celebrate just yet as challenges remain in banking

Cumulative loan growth for the three banks is expected to decelerate to 10% from 27% in 2011.

Monetary easing in China starting to work: HSBC

Money supply growth is on the rebound and further easing measures are still in the pipeline.