Financial Services
OCBC net profit surged 24% in 1Q11
OCBC reported a net profit of S$628 million for the first quarter.
OCBC net profit surged 24% in 1Q11
OCBC reported a net profit of S$628 million for the first quarter.
DBS Asset Management launches DBS Asia Asset Allocator Fund
The fund offers investors a multi-asset class approach to long-term wealth management with an Asian focus.
OCBC named world's strongest bank
Three Singapore banks made it to the top twenty list of Bloomberg's World's Strongest Banks.
DBS partners with Sumitomo Trust to boost services in Asia
Both banks signed an MOU to will enable both banks to offer an increased scope of products and services to customers across the region.
AXA Insurance introduces “SmartClaims” Application on Android
AXA, one of the world's leading insurance providers which launched the first motor claims iPhone application last year in Singapore, now extends the...
Insurers attained 45% growth in 1Q 2011
The $460 million weighted new business premiums was spurred by robust sales across all products.
Standard Chartered Bank to offer Yuan deposits this year
EXCLUSIVE: The British bank plans to replicate in Singapore the success of its Hong Kong branch in offering Yuan (CNY) or Remninbi (RMB) deposit...
Islamic Bank of Asia appoints Toby O'Connor as CEO
He will lead the growth of IB Asia by ramping up investment banking, especially capital markets and private equity.
Government payout to swell by 50% in 2011
The government will make special efforts to help low income worker through the Workfare Special Bonus.
Government shells out $2bln for Singaporeans
About 2.4 million adult Singaporeans would have received about $1.5 billion in Growth Dividends and 1.3 million Singaporeans would have received abou...
DBS net profit surged to record $807mln in 1Q11
Net profit rose 52% from a year ago and 19% from the previous quarter, said DBS.
MAS imposes civil penalty enforcement action for insider trading incident
The agency penalized Song Qing for purchasing 40,000 Bright World shares after reviewing the translation of draft legal documents regarding China...
MasterCard appoints new senior executives
Ari Sarker, Neel Nilakantan and Ruben Salazar were appointed as Group Head, Global Network Products, Regional Head of Prepaid Products, and Head of...
Maybank Singapore to offer offshore Yuan deposits in 2Q11
EXCLUSIVE: MayBank (Malayan Bank) Singapore will join the race amongst banks to offer Yuan-denominated financial products amid growing appetite for...
AXA Insurance Singapore appoints Chua Kim Soon as Principal Officer and CEO
His key responsibilities will be to maintain AXA's position as the to insurers in Singapore.
HSBC boosts private banking arm with key appointments
Two experienced bankers were tapped as managing directors to lead HSBC's private banking divisions in Asia.
Small businesses included in deposit, policy insurance schemes
The Deposit Insurance Scheme and Policy Owners' Protection Scheme have been enhanced to extend protection to small businesses.
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