Financial Services
Delinquent oil and gas portfolio threatens OCBC’s sturdy loan book
Two loans worth $150m went bad in Q2.
Banks brace for tough Q3 after unexpectedly strong second quarter results
On back of lower fee income, higher credit costs.
Regulators roll out more stringent auditor reporting rules for listed firms
Vague opinions won't cut it anymore.
OCBC’s half-year earnings soared to a new high at $2.04b
Its overseas business injected fat contributions.
UOB’s net profit slipped 5.7% to $762m in Q2
Increased market volatility is to blame.
DBS’ inaugural US$1b covered bonds eagerly snapped up by global banks
62% of its order book came from banks.
Could this site be your new financial buddy?
It allows users to look for financial services based on their pre-calculated profile.
Daily Briefing: Location is not everything in real estate; Savings Bonds vs fixed deposits
And work abroad to stay competitive, labour chief says.
DBS beefs up its loan book by snatching up more mortgages in Q2
It enjoyed more HDB loans last quarter.
Great Eastern's net profit jumped 14% to $277.7m in Q2
Thanks to a $120m one-off gain.
Chart of the Day: See the meteoric rise of venture capital in Singapore
Tech startups captured the lion's share of funds.
Daily Briefing: Buying corporate bonds in Singapore; Why it’s still a bad time to buy property
And Singapore named world’s 10th best startup ecosystem.
Former Citi banker named head of MAS’ new FinTech & Innovation Group
FTIG will regulate the use of tech.
DBS Group’s net profit jumped 15% to $1.12b in Q2
Due to higher net interest income and fee income.
Daily Briefing: Common scams to avoid; Blacklisted shipping firm denies arms link to N.Korea
And home prices fall at slower pace.
Daily Briefing: US blacklists Singapore shipping company; Why buy Singapore Savings Bonds
And 4 unexpectedly cheap holiday destinations.