Financial Services
Singapore GIC pours in $165.5m for India’s two newest banks
Total equity investment is at $347m.
Hopes crushed: Silverlake Axis loses largest deal after banks terminate mega-merger
Potential orderbook could decrease by $37m.
More than 1 in 2 Singaporeans doomed to retire under a pile of debt
How to pay off that mortgage by 65?
Work until you die: Over half of Singaporeans grossly unprepared for retirement, reveals HSBC
1 in 3 residents older than 45 have no savings.
Banks brace for more delinquent property loans as shoebox flats flood the market
All three banks are equally at risk.
SGX inks deal with ICAP to boost forex capacity
It will be implemented by 3Q15.
DBS sets up consumer finance company with Postal Savings Bank of China
It’s investing $25.83m into the JV firm.
OCBC overtakes DBS as Morgan Stanley’s most preferred bank stock
The Wing Hang acquisition overhang is clearing.
Silverlake’s share price slips 8% on potential cancellation of mega-bank merger
The slip presents a good buying opportunity.
Banks’ hiring intentions plunge on back of weak market outlook
But compliance and regulation roles are in demand.
Productivity schemes still boggle majority of local firms: report
A widespread lack of understanding hinders these initiatives.
Extend corporate income tax rebate, M&A allowance to help ease rising business costs: SIATP
Tax professionals want these programs extended for several more years.
Local firms unlikely to invest in R&D on back of bleak business outlook
Mergers and acquisitions are also off the list.
Hail to the victor: DBS the runaway winner as interest rates rise
Thanks to its strong deposit franchise.
JPMorgan Asset Management Singapore clinches RMB investor licence
It can now trade in China’s securities market.
Provide tax incentives for SMEs’ overseas expansion in 2015 budget, government urged
Both EY and SMEC are echoing this sentiment.
Japanese bond issuers grab lion’s share of SGX bond listings in 2014
It was a record-breaking year for the SGD bond market both at home and abroad.
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