Financial Services
ADB unveils new Singapore office
It comprises 12 specialists from ADB’s PSOD and Office of Public-Private Partnership.
ADB unveils new Singapore office
It comprises 12 specialists from ADB’s PSOD and Office of Public-Private Partnership.
FWD appoints new Singapore CEO
Khor Kee Eng was previously CFO of the SIngapore unit.
Surprise US fed cut to weigh on OCBC's NIM
FY2020F NIM could dip below 1.70%.
Only 1 in 5 of APAC banks has an AML compliance strategy: study
Only 8% have an integrated system or specific executive to report these functions.
LIA Singapore re-elects president, deputy presidents
Members of Life Insurance Association, Singapore (LIA Singapore) have re-elected Khor Hock Seng as president for a second consecutive term in office...
Deutsche Bank Wealth Management names two additions to APAC lending team
The appointees are based in Hong Kong and Singapore, respectively.
CPFIS funds record 4.44% average returns in Q4 2019
Equity funds saw the biggest increase in returns at 5.99%. The overall Q4 2019 performance of funds under the Central Provident Fund Investment...
Banks' NIMs to degrade after US Fed's surprise rate cut
DBS and UOB guided declines of 5-7bps.
AXA Singapore names new Managing Director for Retail and Health
Julien Callard has undertaken various roles in AXA Group since 2000.
Tokio Marine, Horangi partner for cybersecurity services
A cybersecurity insurance policy will be granted, with possible rebates.
Big three banks' wealth income expanded 18% in FY2019
Wealth made up 31% of OCBC and UOB’s total income.
Singapore banks amongst most vulnerable in SEA to COVID-19 impact
Their exposure to Chinese banks poses a threat.
Government eyes nationwide launch for price comparison app
Price Kaki uses crowdsourced data to compare in-store retail prices and promotions.
OCBC enables instant car loan approvals
It only takes 60 seconds to approve a loan.
Maybank, ING top creditors of embattled trader Agritrade
The Singapore-based commodity trader owes $303.11m (US$218m) to the two banks.
BEYOND partners with OneConnect to create digital banking services
OneConnect is an associate of Ping An Insurance, which has a virtual bank license in Hong Kong.
Investors steer clear of weak corporate bonds as default risks rise
Companies in struggling sectors will likely face refinancing risks in 2020 as investors go for higher-grade corporate bonds.
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