Financial Services

Credit card usage in Singapore could collapse by 2020: study

Usage is expected to contract by nearly a quarter.

Infrastracture-driven economy to boost Indonesia's insurance

The country's infrasture budget for 2017 rose to IDR387t.

DBS profits could grow by up to 7% through 2018

Thanks to better than expected cost management.

Chinese structured finance grew 15% in 3Q

130 transactions worth CNY209bn were issued during the period.

YuuZoo unveils global e-wallet

It is designed for developed countries with low credit card penetration.

Singapore bank lending could turn cautious

Loans could only grow 0-2% by next year.

Japanese life insurers' credit quality under pressure: Moody's

Blame it on an ultralow interest rate environment.

GIC to invest in Indonesian theatre chain

It will be injecting $260m capital in PT Nusantara Sejahtera Raya.

China banks face capital pressures and structural risks: Fitch

Fitch-adjusted total social financing/GDP could reach 258% by year-end.

Singapore banks' credit quality deterioration not over yet

Credit costs could range 39-44bps from 2016-2018.

Demand pressure for analyst roles amongst the highest across Singapore workforce

There are 6 candidates available for each financial analyst role.

HSBC enables Apple Pay for Singapore cardholders

Customers can enjoy $5 off every transaction as a kick off promo.

MAS slaps StanChart, Coutts with $7.6m fine for anti-money laundering breaches

A prohibition order against Goldman Sach's ex-director is also underway.