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 ...)
HSBC has 3,000 people working on innovation in the same London office as rock and roll mag NME
Yoko Ono at the NME Awards 2016. HSBC’s innovation team share the office with the rock and roll magazine. HSBC has opened a special office near the Tate Modern, in the same building as rock and roll magazine NME, to entice trendy developers to work for ... ( 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 ...)
Angelique Kerber vs Agnieszka Radwanska WTA Finals Singapore tennis live: Top two seeds face off in Singapore semifinals
Agnieszka Radwanska’s WTA Finals Singapore title defense could end at the hands of world no. 1 Angelique Kerber in Saturday’s semifinals. World no. 1 Angelique Kerber faces defending champion Agnieszka Radwanska for a place in the final of the 2016 WTA ... ( read original story ...)
Singapore Saturday: Kerber & Radwanska Headline Blockbuster Semifinals
SINGAPORE - Get your popcorn ready… It's semifinal Saturday at the BNP Paribas WTA Finals Singapore presented by SC Global! Chris Oddo previews all the action—both singles and doubles—right here at wtatennis.com. Saturday Semifinals [8] Svetlana ... ( read original story ...)
Singapore’s Mall Vacancies Jump to Highest Level in a Decade
Singapore mall vacancies rose to the highest level in a decade in the third quarter as an oversupply of shop spaces added to muted spending by shoppers. A gauge of mall vacancies rose 0.6 percent to 8.4 percent in the three months ended Sept. 30, even as ... ( read original story ...)
Singapore, the fintech prodigy
This programme promotes a culture of innovation in the financial sector, says an MAS spokesman, as Singapore builds a smart financial centre where "technology is used pervasively in the financial industry to increase efficiency, create new opportunities ... ( read original story ...)
POSB combines contactless and wearables to teach kids financial management
Singapore's POSB has run successful trials of an in-school wearable and tech saving programme to help cultivate sensible savings and spending habits among young students. The POSB Smart Buddy programme uses portable and wearable devices such as a watch or ... ( read original story ...)
Nine bankers in Singapore who ditched finance for the food sector
These former Singapore finance professionals are all now running their own food and drink companies. Moving out of banking mid-career in Singapore is nothing new – plenty of 20 and 30-somethings shift into buy-side or fintech roles every year. It’s ... ( read original story ...)
Singapore mulls second LNG terminal
And a fourth storage tank at the Jurong Island terminal will be finished in 2018. Singapore is boosting efforts to establish itself as Asia's liquefied natural gas (LNG) trading hub, looking at third party spot imports and a second LNG terminal ... ( read original story ...)