After three years of strong loans growth, the sector faces tougher times as Singapore's export-reliant economy slows, partly due to a trade war between China and the United States. DBS, nearly 30 perc... ( read original story ...)
UPDATE 1-DBS Q4 profit up 8 pct, supported by rise in net interest margin
SINGAPORE, Feb 18 (Reuters) - DBS Group Holdings Ltd , Southeast Asia’s biggest lender, reported an eight percent rise in quarterly profit that came in line with market expectations, powered by a robu... ( read original story ...)
DBS reports 8% rise in 4Q earnings to $1.32 bil; brings FY18 earnings to new record high
SINGAPORE (Feb 18): DBS Group reported 4Q earnings rose 8% to $1.32 billion from a year ago, bringing FY2018 earnings to a record high of $5.63 billion. In the 4Q ended Dec, net interest income rose 1... ( read original story ...)
Singapore Plans Cautious Budget Ahead of Election
“Expectations for a spending spree are high on past surpluses, likely elections and downside economic risks,” Mohamed Faiz Nagutha, an economist at Bank of America Merrill Lynch in Singapore, said bef... ( read original story ...)
UOB’s new digital bank gamifies personal finance
In the next five years, they hope to have three to five million TMRW customers. No specific date for launch in Singapore has been set but UOB shared that it will progressively launch TMRW in ASEAN in ... ( read original story ...)
Singapore business school launches Southeast Asia’s first sustainability major
A Singapore business school has launched Southeast Asia’s first major on sustainability. The new course at Singapore Management University (SMU) aims to grow and promote the understanding of sustainab... ( read original story ...)
Singapore Plans Cautious Budget With an Eye on Election
(Bloomberg) -- Singapore Finance Minister Heng Swee Keat will aim to strike a delicate balance in Monday’s budget: preaching fiscal prudence while doling out more social spending ahead of ... ( read original story ...)
Chinese Students Fan Profit at Bangkok School Criticized for IPO
Chinese enrollments are helping to buoy profits at Thailand’s only listed school operator. SISB Pcl, or Singapore International School of Bangkok, sees 2018 net income at the high end of expectations ... ( read original story ...)
Singapore’s economic growth slows due to China’s difficulties
Electronics and semiconductors are a source of vulnerability. GDP growth in 2019 is expected to be less than 2.5 per cent. Singapore (AsiaNews/Agencies) – Singapore’s economy grew at its ... ( read original story ...)
India-Singapore to sign pact for skilling Indians in aviation
It will provide a significant platform in bolstering business opportunities in International aviation sector. These 'Centers of Excellence in Advance Skilling' will provide training and certification ... ( read original story ...)
Singapore’s government will likely spend big ahead of an upcoming election
From 2016 through the current financial year, the country is estimated to accumulate surpluses totaling 20 billion Singapore dollars, according to analysts from Citi. That would give Finance Minister ... ( read original story ...)
Duty-unpaid cigarettes seized from 80-year-old’s bags at Singapore Cruise Centre
The officers had detected anomalies in the scanned images of the two bags and conducted further checks. The man has been referred to Singapore Customs for further investigation. In the post, ICA said: ... ( read original story ...)
Seven quantum technology projects awarded grants
This technology is both hardware and software ... The QEP, which is managed by the National University of Singapore (NUS), will allow for quantum tech - the science of the very small - to be explored ... ( read original story ...)
Singapore reports lowest GDP growth in two years as trade ministry warns manufacturers may be vulnerable
Singapore’s growth pace is expected to slow in 2019 as manufacturing “is likely to see a significant moderation,” trade ministry official Loh Khum Yean said, adding that the important electronics and ... ( read original story ...)
Singapore’s trade, exports down overall
Singapore's trade and exports slowed down overall last year, though total merchandise trade grew 9.2 per cent year on year to hit a high of $1.1 trillion, crossing the trillion-dollar milestone for th... ( read original story ...)
Bank of Singapore ties up with Edelweiss Group to capitalise on India’s wealth
Bank of Singapore has tied up with India’s largest financial service provider Edelweiss Group to allow clients of both entities to access their respective platforms- Bank of Singapore’s wide range of ... ( read original story ...)