Singapore Inc faces $12 billion debt scramble

HONG KONG (Reuters) - Singapore companies, highly exposed to slowing global trade and a lacklustre commodity market, face a financing scramble in 2017, as more than US$12 billion of their bonds falls due and banks grow wary of lending to the resources sector. ( read original story ...)

DBS extends Asia private banking push with ANZ assets purchase

SINGAPORE: DBS Group said on Monday (Oct 31) it plans to buy Australia and New Zealand Banking Group's (ANZ) wealth and retail businesses in five Asian markets - part of a big private banking push for the Singapore lender and the first significant retreat ... ( read original story ...)

DBS to Buy ANZ’s Wealth, Retail Units in Five Asian Nations

DBS will pay S$110 million ($79 million) above the book value of the businesses, which operate in Singapore, Hong Kong, China, Taiwan and Indonesia, the lender said in a stock-exchange statement. The deal will add S$23 billion of wealth assets to DBS’s ... ( read original story ...)

DBS to buy ANZ's Asian retail, wealth units; Q3 profit unchanged

SINGAPORE - DBS Group Holdings, Singapore's biggest bank, reported on Monday (Oct 31) third-quarter profit that was little changed from a year ago as it announced it had agreed to buy Australia & New Zealand Banking Group's wealth and retail businesses in ... ( read original story ...)

DBS : Reports Flat Third Quarter Profit

SINGAPORE -- DBS Group Holdings Ltd. Monday reported flat net profit and interest income in the third quarter amid rising bad loans due to the bank's exposure to companies that support the offshore oil industry. Net profit in the September quarter was 1.07 ... ( read original story ...)

Stresses for Singapore energy firms deepening, OCBC says

SINGAPORE — Stresses among Singapore’s oil and gas companies are deepening, the head of South-east Asia’s second-largest lender said, signalling that more firms grappling with the slump in energy prices may face difficulties repaying their debts. ( read original story ...)

Singapore’s REITs – An oasis in the property market desert

Singapore’s property market has been in decline for the last three years. A number of factors have led to a prolonged slump in residential, commercial, and industrial real estate. Capital values are down and so are rentals. Before the fall in real estate ... ( read original story ...)

Matsuyama keeps 3-shot lead at HSBC Champions

SHANGHAI (AP) — Hideki Matsuyama of Japan kept a clean card Saturday and made just enough birdies for a 4-under 68 to maintain his three-shot lead in the HSBC Champions. Matsuyama had made 19 birdies over the opening two rounds. He was even more ... ( read original story ...)

Feng Tianwei wants to stay in and represent Singapore

SINGAPORE: Olympic medallist Feng Tianwei will continue to stay in Singapore and still wants to represent the country in table tennis, despite being dropped from the national team. In a statement written in Mandarin to the media on Friday (Oct 28), Feng ... ( read original story ...)