Financial Services
Life insurance industry hit with sales slowdown as new sales slide 6% in Q3
New business premiums slipped to $705.4m.
Life insurance industry hit with sales slowdown as new sales slide 6% in Q3
New business premiums slipped to $705.4m.
Maxi-Cash’s refusal to expand overseas could take toll on profits
It’s already a full house in Singapore.
More Singapore bankers dreading bonus cuts this year: report
Over one in five are downbeat on their payouts.
Skilled talent crunch threatens Singapore’s booming finance sector
The sector won’t survive without talent imports.
SMEs scramble to pay debts on time as creditors roll out tighter lending checks
Q3 was one of the fastest payment cycles in the last five years.
Local banks' loan growth came to a standstill in Q3
Blame it on the slowing Chinese economy.
Chart of the Day: Here's how Singapore's manufacturers have become more pessimistic about their business outlook
Services firms are not bucking the trend.
Frugal bosses snub local job hunters as bonus time draws near
But financial services professionals are extremely upbeat.
DBS beats street expectations with 17% profit jump in Q3
Investment banking earnings more than doubled.
Abu Dhabi Commercial Bank to open in Singapore this year
As it expands in Southeast Asia.
Chart of the Day: See the rebound in Singapore's business loans this year
As companies push for greater productivity.
Daily Briefing: More interim flats for couples; Bank lending in Singapore remained flat in September;
And reservists who skip Individual Physical Proficiency Test thrice forced to attend fitness boot camp.
Singapura Finance’s profit up 30.3% in Q1
Thanks to a net write-back of loan allowances.
UOB pins growth hopes on wealth management and fee income
But Asian slowdown will be a drag.
Singapore accountants to toughen up against money laundering
Enhanced controls and procedures to be imposed.
OCBC Group's 3Q net profit after tax up 62% to $1.23b
What spurred on the earnings spike?
Not-so-great: OCBC’s Great Eastern profits plunge 31.2% in 2014
Blame the financial markets.
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