Financial Services
Singapore Minister for Finance named Chairman of International Monetary and Financial Committee
Mr. Tharman Shanmugaratnam has accepted the IMFC's chairmanship for a term of up to three years.
Singapore Minister for Finance named Chairman of International Monetary and Financial Committee
Mr. Tharman Shanmugaratnam has accepted the IMFC's chairmanship for a term of up to three years.
Singaporeans to receive refund for 2011 RTV license fees
Some 1.1 million cheques will be mailed in batches to households, non-residential TV licensees, vehicle owners and dealers.
Singapore auditor oversight system recognised as equivalent to the European Union
Singapore is amongst the first batch of ten countries, including Australia, Canada and the US, to gain this recognition.
Singaporean banks to benefit from Enhanced Deposit Insurance
The revised deposit insurance scheme would insure in full 91% of the expanded insured depositor base.
DBS establishes structured debt solutions and securitization capability
Unit set up makes DBS the only Asian bank to offer advice and solutions in the industry, which is seeing keen interest from customers across the...
Singapore insurers to tap Far East markets in 2011:Ernst & Young
Insurers must choose their opportunities carefully and move quickly to take advantage of the expansion in South Asia and East Asia.
Manulife Asset Management launches two new funds
The Manulife Global Contrarian Fund and Manulife Strategic Income Fund are the first global funds to be launched by Manulife Asset Management in...
Manulife Singapore announces senior management appointments
Manulife has made key appointments in the areas of Legal and Compliance as well in two newly created business units - Strategic Initiatives Office...
Singaporean woman donates $1 million to Japan
Elaine Low presented a cheque for 1m Singaporean dollars ($780,000) to Japan's ambassador, Yoichi Suzuki, on Wednesday.
Temasek President and Executive Director to retire
Simon Israel, Executive Director and President, will retire from his executive and board roles in Temasek Effective 1 July.
ICBC overseas RMB processing center put up in Singapore
ICBC set up its first overseas Reminbi Processing Center in Singapore for its promising location.
Proposed amendments in Deposit Insurance Act raised coverage limit to $50k
The increased coverage will raise the proportion of fully insured depositors from 83 per cent to 91 per cent.
Hendra Lembong joined JP Morgan as Asia Pacific Head of Cash Management
Along with Hendra Lembong, Adrian Godfrey also joined the firm as Asia Pacific Head of Client Service and Implementation Management for JP Morgan's...
Singapore not ready for cross-border financing
The current trade financial schemes are constrained by the relatively under-developed export credit insurance market.
Singapore banks remain the cheapest within ASEAN
ROEs are edging upwards and back to 2007 levels, according to DBS.
Singapore banks loan growth to remain strong at 11% this year:DBS
However, earnings growth may not be attractive in 2011 at 7% due to continued NIM pressure.
Standard Chartered Singapore posted record income of US$1,738mn for 2010
A record operating profit of US$718 million was also reported for the financial year 2010.
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