Financial Services
Problematic housing loans to deteriorate mildly in 2014
Isolated cases drove up problem loans in Q2.
Problematic housing loans to deteriorate mildly in 2014
Isolated cases drove up problem loans in Q2.
Local insurance providers refuse to cover Hong Kong trip cancellations
It's excluded in insurance policies.
Crisis in the making: 9 out of 10 young Singaporeans are not financially ready for the future
Students and young workers cannot deal with financial emergencies.
DBS completes acquisition of Societe Generale’s private banking business in Asia
DBS’ high net worth assets are now $88 billion.
Over 7 out of 10 Singaporeans brace for cash-strapped retirement on back of insufficient CPF funds
Seniors are counting on dole-outs from younger family members.
Financial institutions in Asia Pacific lose US$390m to fraud every year
Losses are growing at 20-25% annually.
Sukuk setback: Singapore’s Islamic finance sector remains dull in 2014
Only one entity was able to sell sukuk.
Welcome the debutante: OCBC unveils rebranded Wing Hang branches in Hong Kong and Macau
The new branches will officially open today.
OCBC clinched regulatory approval to open a branch in Myanmar
A new branch will be opened in Yangon.
Escalating living costs far outpace expats' salary growth in Singapore
1 in 2 expats think their pay is no good against the costly city.
Almost half of Singaporeans losing cash to bad credit card deals
All that glitters is not gold when it comes to posh cards.
Many family-run businesses in Singapore bogged down by external financing woes
Tap HNWIs for funding, entrepreneurs told.
Aviva Investors appoints Kevin Talbot to oversee expansion in Asia
Aviva Investors dead set on leading the industry.
ValueMax expands collateral coverage with new license
It will possibly add $25m in loans.
High net worth investors snapping up more real-estate assets in 2014
Even the ultra-rich are abandoning the chase for high returns.
OCBC seals rights issue with 171.5% subscription
And over 70% excess applications.
How posh homes sold at big-time losses are crippling Singapore banks' profitability
Housing NPL ratio could be at risk.
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