Financial Services
OCBC Group profit soars to $676 million
OCBC Group profit soars to $676 million
Profit up 24% year-on-year and 35% over the previous quarter behind non-interest income growth, low credit losses.
SGX securities trading up 34% to $35bln
Securities and commodities activity strong in April as investors maintain interest and confidence on market.
MasterCard launches mobile payment solution addressing multiple handsets
Solution enables cardholders to use their existing mobile phones to make everyday payments.
Great Eastern profit up 332% to $179.1 million
New business embedded value grew by 37% and new sales by 20%.
UOB Asset Management awards fund administration to BNY Mellon Asset Servicing
BNY Mellon selected due to its robust global infrastructure capable of supporting administration needs in Asia.
DBS to invest $150mln in a Myo Capital fund
Lender eyes minority stake on fund to benefit from distressed debt, bonds, leveraged debt in Asia-Pacific.
Manulife Singapore unit appoints Pang Cheng Duan Head of Fixed Income
Company banks on Cheng Duan's experience extending presence in Singapore's institutional market.
Survey shows Singaporeans unprepared for retirement
Less than 20% have accessed professional financial advice on retirement plans.
DBS creates dedicated project finance team
New unit will enable bank to better serve corporate and sovereign customers.
ICPAS launches online knowledge centres on accountancy, business
Four micro sites will provide timely resources in domestic and international setting.
Singapore Exchange seeks comment on proposed rules
SGX wants to know public view on planned acceptance of banks as securities trading members.
China banking crisis inevitable: Andy Xie
When the property market busts, which it will, Chinese banks will see non-performing loans zoom to 20%, forcing a Chinese TARP.
StanChart appoints Sean Wallace head of client relationships
Sean Wallace has record performance in accelerating the growth of lender’s Corporate Finance business.
Moody's: Singapore monetary policy tightening positive for banks
Country's 3 biggest domestic banks will mostly benefit from the increasing interest rates.
ACRA launches initiatives promoting voluntary compliance amongst companies
Agency intends to develop voluntary compliance on corporate regulatory requirements through non-penal measures and public education.
Manulife Singapore hires Annette King as President & CEO
Her 20-yr all-around experience and track record of outperforming targets made her qualified for the position.
CapitaMalls puts up S$2bln EMTN Programme
The Euro-Medium Term Note Programme, established by CapitaMalls Asia Treasury Limited, will be unconditionally and irrevocably guaranteed by...
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