Financial Services
DBS will have O&G woes until 2018
An estimated $500m worth of new bad loans looms over the bank.
Turnkey Lender raises US$2 million in funding
Their total funding closed at US$3.6milion.
Life insurance industry records $1.68b new business premiums
This was against a backdrop of a soft labour market.
3 things that offset DBS' flat NIMs
It managed to stay at 1.74% due to softer HIBOR.
Daily Briefing: SPH's struggling monopoly; How firms can make employees productive
And here are the best cashback credit cards in Singapore.
Ascendas Property Fund Trustee appoints Tan Choon Siang as chief financial officer
He was appointed on 28 July 2017.
British and Malayan Holdings appoints Paul Martin Pavey as chief financial officer
He was also appointed as company secretary.
DBS chief says O&G woes could still impact Singapore banks
Costs in O&G support service sector will persist with low oil prices.
Fintech platform Fundnel expands to Australia
They aim to build their presence in key cities like Sydney, Melbourne and Perth.
DBS completes migration of ANZ's wealth and retail business
It was successfully conducted on August 5 and 6.
MAS seeks feedback on deposit insurance scheme
This insures Singapore dollar deposits held at a full bank.
DBS net profit up 8% to $1.14b in Q2
The strong growth in loans boosted the group's income.
Chart of the Day: Singapore's money supply up 8.2%
But yearly expansion could ease to 5.3%.
UOB's operating costs up 7.3% to $1.95b
Due to IT-related expenses.
OCBC targets $3b housing loans in Singapore
Housing loans helped it achieve an 11% growth in lending.
Daily Briefing: 3 things to do before buying your first home; SPH sets up freelance services venture
And here's what you need to know to improve your credit score.
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