Singapore to create 4,000 new financial sector jobs

Singapore wants to bolster its status as a wealth management and foreign exchange centre as part of plans to create more financial-sector jobs and mitigate the effect of rapid changes in technology. In a plan unveiled Monday, the Monetary Authority of ... ( read original story ...)

Time is running out for the bull market

Since 2009, the U.S. stock market has made investors a lot of money ... That’s compared with 241 percent for MSCI Asia ex Japan, 234 percent for MSCI World, 216 percent for Singapore stocks and 204 percent for Hong Kong’s Hang Seng over the same ... ( read original story ...)

Biggest stock collapse in world history has no end in sight

“It’s going to be tough times ahead for PetroChina,” said Toshihiko Takamoto, a Singapore-based money manager at Asset Management One, which oversees about $800 million in Asia. “Why would anyone want to buy the stock when it’s trading for more t ... ( read original story ...)

A Breakdown of United Overseas Bank Ltd’s Loan Portfolio

United Overseas Bank Ltd (SGX: U11) is one of the three main local banks listed in Singapore. As a lender, UOB is exposed to credit risk, amongst other forms of risk. In simple terms, credit risk is the risk of borrowers defaulting on their loans. ( read original story ...)

Singapore Morning News For October 30

Water production at Singapore’s desalination plants and local waterworks has been stepped up to meet demand here, after pollution in the Johor River led to the temporary closure of four water treatment plants along the river, including one in Kota Tinggi ... ( read original story ...)

Wozniacki ends Williams jinx to win WTA Finals in Singapore

Singapore (AFP) - Former world number one Caroline Wozniacki ended her career-long jinx against Venus Williams in spectacular style to lift the WTA Finals trophy for the first time on Sunday. The Dane had won just one set in seven harrowing defeats to ... ( read original story ...)

The Week Ahead: Can UOB Outshine OCBC?

In July, UOB posted a 5.5% rise in second-quarter net profits ... StarHub (SGX: CC3) will also be in the spotlight next week. In August, Singapore’s second-biggest telecom operator posted a 1% drop in second-quarter revenues. But net profits slumped ... ( read original story ...)