Financial Services
Retail loans to shrink 2.5% in 2020
Retail loans to shrink 2.5% in 2020
New loan applications have declined as consumers are cautious of falling under debt.
Singapore leads shift from Libor with $500m note sale
The country's central bank is the first Asian government body to do so.
MAS bans two individuals for fraud
Both have also been sentenced to prison.
DBS Private Bank's main portfolio hits 7% YTD gains in July
It is designed to capitalise on long-term, irreversible growth trends.
Over 4 in 10 senior management roles in banks are Singaporeans: MAS
The regulator assures that citizens are well-represented in local senior roles.
OCBC floats new SORA-based home loan
It is available for all loan types such as completed properties and properties under construction.
MAS commits $250m to drive innovation, local talents in fintech
The regulator plans to raise the maximum grant for AIDA project from $1m to $1.5m.
OCBC, Amundi float dollar cost averaging fund in Singapore
It leverages the cost-averaging effect when it allocates assets to equity ETFs.
End of moratoriums to rain carnage on banks' H2 prospects: analyst
Loan moratoriums are set to expire in H2, putting asset and loan quality at risk.
Singapore's life insurance sales sink 13% in H1
Movement restrictions led to a 25% drop in annual premium business.
AXA mulls sale of Singapore unit
The sale process could begin as early as the next few weeks, according to sources.
Majority of Singaporeans now prefer professional financial advise: study
More than 80% said that they now prioritise seeking financial advice before a major decision.
MAS urges finance firms to ease dividends after pressing on banks
They are also suggested to offer shareholders the option of receiving FY2020 dividends in scrip.
OCBC's H1 net profit plunges 42% to $1.43b
Q2 group net profit picked up 5% from Q1 but crashed 40% from a year earlier.
HSBC reopens revamped Claymore Plaza international centre
Employees will move in come 11 August.
UOB's net profits down 30% to $1.56b in H1
The lender has set aside more allowances for further macroeconomic deterioration.
DBS' H1 net profit nosedives 26% to $2.41b
The bank has cast aside $1.26b to bolster its balance sheet.
Read Here
Advertise
Sign Up
![Video [Event News]](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/event_news_featured_article/public/2025-05/screenshot-2025-05-08-at-4.58.53-pm_0.png.webp?itok=Kud35sMs)
![Event News SBR 9 Lorem Ipsum [8 may]](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/event_news_thumbnail/public/2025-05/a_hand_pointing_to_a_futuristic_technology_5b87c9d0e3_8.png.webp?itok=DTh_dbYp)
![Event News SBR 9 Lorem Ipsum [8 May]](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/event_news_thumbnail/public/2025-05/a_hand_pointing_to_a_futuristic_technology_5b87c9d0e3_7.png.webp?itok=vzDAzb6V)
![Event News SBR 8 Lorem Ipsum [8 May]](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/event_news_thumbnail/public/2025-05/a_hand_pointing_to_a_futuristic_technology_5b87c9d0e3_6.png.webp?itok=jvHFc4P6)
![Video [Event News]](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/video_thumbnail/public/2025-05/screenshot-2025-05-08-at-4.58.53-pm_0.png.webp?itok=yZnI0YBb)
![Video 1 SBR [8 May]](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/video_thumbnail/public/2025-05/screenshot-2025-05-08-at-4.58.53-pm.png.webp?itok=9AAeRz_k)
