Financial Services
DBS customers with StarHub plans to initially use NFC Mobile Payment Solution
DBS customers with StarHub plans to initially use NFC Mobile Payment Solution
Trialists can make everyday mobile payments, including bus and train fares, with their existing mobile handsets.
BNP Paribas partners with Thai retail brokering giant
The bank signed a Cooperation Agreement with Finansia Syrus Securities Public Company Limited and its subsidiary, ACL Securities Co.support...
Civil Servants to get biggest bonus since 1993
Civil servants will receive at least 3 months in bonus payments at the year-end, according to PSD, in addition to the ½ month bonus and $300 received...
Great Eastern appoints Christopher Wei Group CEO
Wei’s wide range of experience in product development, bancassurance, marketing and branding, customer value management, strategy and risk management...
HSBC names new head for commercial banking in Singapore
Willie Tham, currently the Chief Executive Officer of HSBC in Thailand, will assume the post effective January 2011.
Singapore banks stay attractive by lagging behind
With Singapore banks still trading at 1.4xFY11 P/BV, DBS says there is no reason to ignore them, and they are in fact are inexpensive relative to...
DBS 4.70% preference shares offer more than 3.5 times subscribed
Offer attracts total applications amounting to more than S$1.8bln behind strong retail demand.
DBS Bank opens Ho Chi Minh branch
Branch to meet increasing demand for banking services as companies expand in Vietnam and across Asia.
SGX pioneers OTC clearing for financial derivatives in Asia
Nine banks were admitted as SGX Bank Clearing Members for the clearing of OTC traded financial derivatives products, which started with clearing of...
HSBC appoints chief economist for India and ASEAN
Leif Eskesen will assume responsibility for macroeconomic research on India and Singapore, and will coordinate HSBC’s economic research team for...
Post-retirement products: the next big challenge for retirement funds
“Ultimately, members will look to their pension fund to provide the strategies and products they need for a secure and enjoyable retirement lifestyle...
Maybank Singapore cashes in on loans growth for 3Q
Gross loans in Singapore operations now constitute 19.3% of the bank's total loans globally, compared with 19% in September 2009.
Bangladeshi brokerage firm partners with Macquarie Securities Group to advance market research
BRAC EPL Stock Brokerage Limited's research agreement with MSG enables MSG’s clients to receive co-branded equity research on Bangladesh.
J.P. Morgan appointed depositary bank of one of China's leading IELTS examiner
Global Education and Technology Group Ltd expects to use the capital from the 7,331,250 ADSs it has issued – priced at USD 10.50-- to expand its...
Sarasin forms Wealth Management Solutions division for Asia
The team, which will be headed by Anne Luke as a Managing Director, will be responsible for originating, structuring and executing sophisticated...
Fitch assigns expected 'A+' rating to OCBC's subordinated notes
The rating on the Subordinated Notes—due 2022 callable in 2017—is one notch below OCBC's 'AA-' Long-term foreign-currency Issuer Default Rating (IDR)...
DBS Bank seen to defy analysts' year-end predictions
With record net profit of S$1.97b for 9M10 and revenue growth of 14.7% y-y, the bank’s full year earnings for FY10 is likely to exceed the S$6.9b...
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