SINGAPORE--DBS Group Holdings Ltd.'s (D05.SG) second-quarter net profit rose 8% from a year earlier on a rise in net interest income and loans, helping Southeast Asia's biggest bank beat expectations. Net profit in the three months ended June 30 rose to 1 ... ( read original story ...)
Singapore Disquiet Deepens
Singapore's stability, one of its most important characteristics and the bedrock of its finance industry and economic prosperity, could be under threat. The feud has played out as the finance center is also roiled by the billion-dollar graft scandal ... ( read original story ...)
Weekend crowds turn up for coffee, talks and more at Singapore Coffee Festival
... The Singapore Coffee Festival hit its stride as Saturday (Aug 5) morning saw the weekend crowd streaming in to get their coffee fix. The second edition of the four-day event, which is organised by The Straits Times and presented by DBS Bank, entered ... ( read original story ...)
DBS earnings for first half of 2017 rise 4% to record S$2.35b
SINGAPORE — DBS Group achieved record net profit of S$2.35 billion for the first half of 2017, up 4 per cent a year ago. Total income reached a half-year high of S$5.81 billion as broad-based loan growth and record fee income offset the impact of a lower ... ( read original story ...)
DBS cuts allowances to $224m
Second quarter figure reduced by 17% but oil and gas provisions could rise. Singapore’s DBS Group has warned that oil and gas provisions could rise this year, despite overall allowances being cut 17% in the second quarter. The Singapore lender said ... ( read original story ...)
Singapore’s 3 major banks enjoy higher quarterly profits
SINGAPORE -- The three top banks in Singapore posted net profit growth for the April-June quarter, driven by strength in both lending and fee income. DBS Group Holdings, the biggest player in the country, on Friday announced an 8% year-on-year profit jump ... ( read original story ...)
Canara Bank hits overseas bond market with USD 400-million issue
which will be drawn through its London branch and will be listed on the Singapore Stock Exchange," merchant banking sources told PTI. The Bangalore-based bank has hit the forex debt market after a long gap. Foregin rating agency Moody's has assigned a Baa3 ... ( read original story ...)
Canara Bank’s $400-mn bond issue hits overseas market
which will be drawn through its London branch and will be listed on the Singapore Stock Exchange,” merchant banking sources told PTI. The Bengaluru-based bank has hit the forex debt market after a long gap. Foregin rating agency Moody’s has assigned a ... ( read original story ...)
Singapore Update: Progressive Developments in the Patents Regime in Singapore
The Intellectual Property Office of Singapore (IPOS) has launched a new service which will give the public improved access to patent documents in Singapore and has also released a number of proposals to enhance Singapore’s patents regime. Improved access ... ( read original story ...)
Mahindra Logistics files for up to $110 mn IPO
The IPO is likely to raise about Rs 650-700 crore ($102-110 million ... Kedaara Capital was founded in 2011 by Manish Kejriwal, the former India head of Singapore state investment fund Temasek, and Sunish Sharma and Nishant Sharma, the former managing ... ( read original story ...)
SCIC to sell over 48 million Vinamilk shares
Last year, SCIC sold 5.4 per cent of Vinamilk to the Singapore-listed, Fraser and Neave Ltd ... and distribution arm to other investors via an initial public offering (IPO). According to the Nikkei Asian Review, the sales of the distribution and retail ... ( read original story ...)
Atlantis Resources’ head of corporate finance to become CFO
The latter is the current head of corporate finance at the group and has been with Atlantis since before its IPO (initial public offering ... as we have transitioned the finance department from Singapore to Edinburgh, where he has built a highly competent ... ( read original story ...)
Bailout is only way out for 1MDB, says Pua
Pua, the opposition’s chief critic on 1MDB affairs, said this was because banks around the world would refuse to be involved with the “investment fund units” which 1MDB said would help finance the ... “In fact, the Singapore courts also confirmed ... ( read original story ...)
In Manila this week, ASEAN faces difficult balance between US and China
According to Vermonte, ASEAN member countries should contribute more to finance the region’s activities ... ASEAN Studies Centre of the Institute for Southeast Asian Studies in Singapore. Termsak said that its policies should not supplant the national ... ( read original story ...)
Uber knowingly put ‘fire risk’ cars on Singapore roads
The ride-sharing operator purchased 1,200 Honda Vezel units from various parallel import companies including Sunrita ... Vezel units in its fleet since then had been rectified, but Singapore's Land Transport Authority (LTA) revealed that this figure ... ( read original story ...)
Future Of Agriculture And Implications For ASEAN – Analysis
These imperil food importing countries, and may pave the way to another ... As regards anti-microbial resistance, Singapore is currently coordinating ASEAN’s efforts in reducing use of anti-microbials in agricultural production, developing regional ... ( read original story ...)