Chinese Banking Corp reported a larger-than-expected 40% tumble in quarterly net profit on Friday, hurt by loan-loss provisions in a pandemic-hit market and a slowdown in customer activity. ( read original story ...)
Singapore lender DBS profit skids 22% but pandemic-hit business steadying
DBS Group's quarterly profit slumped by a fifth as it boosted loan-loss provisions in pandemic-hit markets, but Southeast Asia's top lender said bad loans were steady and fee income was rising as ... ( read original story ...)
Additional Support Anticipated For Singapore Stock Market
The Singapore stock market has climbed higher in three straight sessions, advancing more than 70 points or 2.9 percent along the way. The Straits Times Index now rests just beneath the 2,560-point ... ( read original story ...)
EU imports from S’pore up 12% despite pandemic
Despite the impact of Covid-19 on global trade, European Union imports from Singapore saw a 12 per cent increase in the first six months since the EU-Singapore Free Trade Agreement (EUSFTA) came into ... ( read original story ...)
Singapore Virus Cases to Fall as Worker Dorms Almost Cleared
The number of new Covid-19 cases in Singapore is set to fall after the city-state nears clearing its migrant worker dormitories of the virus, paving the way for 90% of these laborers to return to work ... ( read original story ...)
Singapore could see a surge in COVID-19 cases after foreign workers are tested
Wong also urged the contractors to put in place the required safe management measures to minimise the chances of forming of large clusters. ( read original story ...)
NDP 2020: Several roads to be closed over the weekend for parade, show and mobile column
Several roads will be closed to vehicles this weekend due to the National Day Parade, the police said in news releases on Thursday (Aug 6). ( read original story ...)
Stricter laws and penalties to prevent brothels from popping up in heartland of Singapore
SINGAPORE - From Friday (Aug 7), stricter laws and stiffer penalties will take effect in a move to stem the rising trend of vice in the heartlands of Singapore.. Read more at straitstimes.com. ( read original story ...)
SESTO Robotics Launches SESTO Magnus Autonomous Mobile Robot
Singapore’s autonomous mobile robot company SESTO Robotics has launched SESTO Magnus - a bi-directional, compact autonomous mobile robot able to carry loads up to 300kg. Having the highest payload ... ( read original story ...)
Don’t stand so close: Singapore trials automated drones to check
Beware, Singaporeans standing too close, automated drones might be keeping an eye on you from above. Singapore’s police have been trialling two pilotless drones developed by Israel’s Airobotics ... ( read original story ...)
Reality bites for Singapore banks but diversification dims the pain
As expected, DBS and UOB reported dramatic year-on-year declines in profitability, but both were protected by their range. ( read original story ...)
Singapore, Australia formalise digital economy pact
The second Digital Economy Agreement for Singapore, the Australian pact covers several areas of cooperation including cross-border data flow, digital payments, e-commerce, artificial intelligence, and ... ( read original story ...)
Singapore’s United Overseas Bank H1 Profit Down, Declares Dividend; Stock Up
(RTTNews) - Singapore-based United Overseas Bank Ltd. or UOB Group (UOVEF.PK, UOVEY.PK) reported Thursday that second-quarter net earnings fell 40 percent to S$703 million from S$1.17 billion last ... ( read original story ...)
Singapore fuel oil stocks rise as exports crash, imports from Malaysia and Bahamas hit record highs
Singapore's residual fuel oil inventories climbed 3% in the week to Aug. 5 as export volumes plummeted to a near four-month low, official data showed on Thursday. Onshore fuel oil stocks rose 642,000 ... ( read original story ...)
Spurring digitalisation in Singapore’s tourism sector
The Singapore Tourism Board has developed a digital pass and an analytics service, among other initiatives, to digitalise the city-state’s embattled tourism industry ... ( read original story ...)
Singapore Exchange Regulator Seeks More Power to Sanction Firms
Singapore Exchange Ltd.’s regulatory arm wants to beef up its enforcement powers, as it seeks to deter wrongdoing at a time when companies face financial pressure from the coronavirus pandemic. ( read original story ...)