Financial Services

UOB's full-year profit down 3.5% to $3.1b

Blame the lower gains from the sale of investment securities.

DBS' net profit down 2% to $4.24b in 2016

Higher allowances offset stronger operating performance.

OCBC to ease loan repayment when prices settle above $60

Banking shares fell when OCBC released its earnings.

MAS assembles Data Analytics Group

It will be headed by a machine learning expert.

OCBC's full-year net profit down 11% to $3.4b

Due to increased allowances and lower insurance contributions.

MAS eases rules on finance firms to help SMEs

It reverses its policy of not allowing a foreign takeover.

Big banks' bad loan woes may get worse, analysts say

They could post a 44% surge in combined provisions.

Robust ICT market to drive Singapore's fintech sector growth this year

Over the past two years, 210 fintech firms commenced operation in Singapore.

Chart of the Day: Consumer loans remain lacklustre despite growth in car loans

Auto loans make up only around 3% of total consumer lending.

Innopac appointed Yang Kiin as director

He is in biomass industries since 2011.