Financial Services
63% of Chinese women lead financial planning in households
It’s mom who gets a say on how to spend the family income.
63% of Chinese women lead financial planning in households
It’s mom who gets a say on how to spend the family income.
DBS joins forces with SingPost to add number of banking outlets to 140
Alliance offers greater banking convenience to customers of both companies.
What secrecy? Transparency is the way to protect your wealth
Looks like confidentiality has gone obsolete as wealthy families may just place a greater emphasis on proper tax planning than on banking secrecy.
Institute of Certified Public Accountants of Singapore launches financial guide for SMEs
The guide for financial reporting is an optional standard effective for annual periods beginning on or after 1 January 2011.
What you need to know about loans in Singapore banks
UOB remains an analyst’s best pick being the least aggressive lender over the past 36 months.
Busted!: IRAS sends Mr Tan Kim Teck to jail after defrauding GST Comptroller
Tan failed to evade punishment even after burning his business records to destroy evidence of fraud.
No sickness for Singapore's Life insurers as sales grow 18% in 3Q11
The industry registered an amazing $523m in new business premiums.
Ernst & Young appoints Lim Hwee Hua as a global independent non-executive
Mrs. Lim was a former Singapore Minister in the Prime Minister’s Office.
UOB’s profit slumps 18% to S$522m in Q3 2011
You can well blame it on poor trading and investment income.
OCBC profit down 10% to S$513 million in the third quarter
Blame is thrown at the volatility of the financial markets which had an adverse impact on the bank’s trading income.
41% of rich Singaporeans seek investment advice from relatives over financial advisors
Looks like blood is truly thicker than water when it comes to investment decisions.
“Sorry, but I work alone”: Singapore’s wealthy
Looks like banks and investment houses have to work extra hard as 85% of rich Singaporeans prefer to make investment decisions on their own.
DBS profit up 6% to S$762m
Loans increased 10% during the third quarter to S$186b amidst broad-based corporate borrowing across the region.
Not so great: Great Eastern profit down to S$40.4m
It’s a plunge from last year’s third quarter profit of S$168.6m.
OCBC reprimanded for its failed online and branch banking systems
OCBC’s busted as MAS found out that the bank did not implement sufficient measures to address single point of failure in its system and network...
MAS lifts operational risk multiplier imposed on DBS
DBS was censured by MAS last 5 July 2010 after the service outage of its online and branch banking.
Financial crime does not pay in Singapore: MAS
Managing Director Ravi Menon warned there will be severe consequences faced by financial criminals.
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