Financial Services
Singapore dollar slips further against the greenback; investors exit risk assets
Currency trading saw investors moving to safe havens such as the US dollar and gold.
Singapore dollar slips further against the greenback; investors exit risk assets
Currency trading saw investors moving to safe havens such as the US dollar and gold.
DBS emerged top bank in 1Q12
OCBC, DBS, and UOB posted results that exceeded expectations in 1Q12, but DBS had the strongest growth, by 17%, in fee income.
Chart of the Day: DBS SGD NEER fluctuates around mid-point of policy band
The band was narrowed to ±2% around its mid-point, and analyst says this should help to mitigate some of the downside risks to the Singapore dollar.
Currency Briefing - what you need to know for Thurs May 17, 2012
The Singapore dollar has so far depreciated by 2.4% against the US dollar this month.
Asiasons WFG Financial appoints Kwok Wei Woon as Director
He is also Chairman of Audit Committee and a member of Nominating Committee and Remuneration Committee.
Manulife Singapore launches extensive branding campaign
The campaign kicked off with a television commercial and will run until the end of June.
Currency Briefing - what you need to know for Wed May 16, 2012
The local currency loses ground against the US dollar as the Greenback strengthens against most currencies.
Currency Briefing - what you need to know for Tues May 15, 2012
The local currency sits at $1.2577 against the US dollar amidst negative market sentiment.
Currency Briefing - what you need to know for Mon May 14, 2012
Holding steady against the US dollar, the local currency is trading at $1.2513.
OCBC earnings boom is unsustainable
Its1Q12 earnings wowed the markets but on closer inspection it is composed mainly of one-off investment gains.
Currency Briefing - what you need to know for Fri May 11, 2012
The Singapore dollar slipped above the $1.25 threshold, currently trading at $1.2517.
OCBC profit jumps 32% to S$832m
Net interest income rose by 21% to S$951million with loan growth partly offset by lower net interest margin.
UOB banking on higher loan yields
It considers US loans as its primary growth driver and will seek to build up its loan book over deposits.
UOB's net profit up 12.4% to S$688m
Strong non-interest income was sustained in 1Q12 with an increase of 26.1% to reach S$630 million for the quarter.
Currency Briefing - what you need to know for Thurs May 10, 2012
The Singapore dollar is trading at $1.2520 against the US dollar as it slips back across the $1.25 threshold.
Tighter regulations set for sale of special investment products
Intermediaries are now required to check whether a customer has sufficient investment knowledge before a sale gets a greenlight.
Currency Briefing - what you need to know for Wed May 9, 2012
The local currency is trading below the $1.25 threshold against the US dollar.
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