Financial Services

UOB unveils Hanoi branch

UOB unveils Hanoi branch

The move comes after the incorporation of UOB Vietnam as a foreign-owned subsidiary bank.

Big banks hit average dividend yield of 4.5% in H1

DBS led the pack with a dividend yield of 4.9%.

Wirecard partners with OYO to bolster booking services

Services include online payments for booking hotels and homes.

Could bonds buoy Singapore from rising sea levels?

Government bonds could fund its $100b effort to mitigate the effects of climate change.

OCBC in talks with Singtel for virtual bank license: report

The bank may take a minority stake in the joint venture.

DBS plans foray into India's credit card space: report

The bank aims to launch credit card services by Q3 2020.

Daily Briefing: Singapore banks on private sector to plug SEA infra gap; Coworking space for healthtech startups launched

And Freepoint Commodities will begin supplying very low-sulfur fuel oil to Singapore in Q4.

Fintech employers eye upsizing staff in next 12 months: survey

Over 1 in 5 employers expects their workforce to double after 36 months.

Chart of the Day: Singapore bank NIMs hit 1.84% in H1

Margins widened in tandem with rising interest rates.

Why new insurers are growing rapidly in Singapore despite low-cost offerings

The market share of FWD and Budget Direct, which both entered the market in 2016, have grown 2,704% and 7,400% respectively.

Chart of the Day: Banks brace for mounting asset risks

New NPL formation rose for all three banks in Q2 due to large overseas exposures.

Maybank Singapore's strategy to drive wealth management costs down

The bank is enhancing its digital capabilities beyond portfolio reviews to support a growing number of online transactions.

Fintech firm ayondo asks for more time to produce Q2 and Q3 results

The firm cited the departure of its financial team and senior officers after the sale of Ayondo Markets.

Banks face risk of rising credit costs as bad assets mount

Net new NPA formation for all three banks rose in Q2, higher than FY18 quarterly averages.