Financial Services
Government payout to swell by 50% in 2011
Government payout to swell by 50% in 2011
The government will make special efforts to help low income worker through the Workfare Special Bonus.
Government shells out $2bln for Singaporeans
About 2.4 million adult Singaporeans would have received about $1.5 billion in Growth Dividends and 1.3 million Singaporeans would have received abou...
DBS net profit surged to record $807mln in 1Q11
Net profit rose 52% from a year ago and 19% from the previous quarter, said DBS.
MAS imposes civil penalty enforcement action for insider trading incident
The agency penalized Song Qing for purchasing 40,000 Bright World shares after reviewing the translation of draft legal documents regarding China...
MasterCard appoints new senior executives
Ari Sarker, Neel Nilakantan and Ruben Salazar were appointed as Group Head, Global Network Products, Regional Head of Prepaid Products, and Head of...
Maybank Singapore to offer offshore Yuan deposits in 2Q11
EXCLUSIVE: MayBank (Malayan Bank) Singapore will join the race amongst banks to offer Yuan-denominated financial products amid growing appetite for...
AXA Insurance Singapore appoints Chua Kim Soon as Principal Officer and CEO
His key responsibilities will be to maintain AXA's position as the to insurers in Singapore.
HSBC boosts private banking arm with key appointments
Two experienced bankers were tapped as managing directors to lead HSBC's private banking divisions in Asia.
Small businesses included in deposit, policy insurance schemes
The Deposit Insurance Scheme and Policy Owners' Protection Scheme have been enhanced to extend protection to small businesses.
Zeena Dang appointed regional business development manager for 1Cover
The travel insurance firm opened its office in Singapore last October and Ms Dang has spent the last three years working with a global leader in...
Manulife launches two new plans
mPal and mEase cater to customers looking for protection solutions against accidents and critical illnesses.
Singapore will hire most bankers in the world this year: survey
37 % of bankers and hedge fund managers surveyed by recruitment firm said Singapore will add the most financial services jobs in 2011, followed by...
S$ strength could weaken banks’ loan growth:DMG
Overseas assets of Singapore banks will be translated to SGD at less favourable rates.
MAS launches Code of Conduct for private bankers
The Private Banking Code is applicable to financial institutions and their staff engaged in private banking activities in Singapore.
Mortage loans growth falls sharply as property measures bite
Housing loans growth falls sharply to just 1% in February, but could start contracting, warns DBS.
Consumer loans accelerate to 18.9% in 2011
This is the highest bank lending activity since November 2008, rising to 17.3% this year.
Bank lending surged 17% in February 2011
On a month-on-month basis, Singapore bank lending rose 1.6% last month.
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