Singapore's state-owned security vendor, Assurity Trusted Solutions, is hoping its introduction of a mobile software token will resolve common user grievances associated with hardware tokens and finally convince local banks to adopt its platform. ( read original story ...)
Singapore to open up non-bank finance companies to foreign M&As
SINGAPORE Singapore will for the first time allow foreign takeovers of non-bank finance firms as part of steps to strengthen their financial resilience and operational flexibility, the central bank said on Tuesday. "This will accord finance companies ... ( read original story ...)
Singapore most targeted by ad fraud on mobile
The mobile economy is growing. It is estimated that 59.5% of Google’s net global ad revenues will stem from mobile Internet ads this year, up from about 45.8% in 2015. By 2018, this figure is expected to rise to near 75%. And along with the maturity the ... ( read original story ...)
Singapore Stock Market Draws Firm Lead
(RTTNews.com) - The win streak has hit three sessions for the Singapore stock market, which has collected almost 45 points or 1.5 percent along the way. The Straits Times Index now rests just above the 3,110-point plateau, and the market may add to its ... ( read original story ...)
Singapore's OCBC fourth-quarter profit slumps to three-yr low on bad debt charges
SINGAPORE Oversea-Chinese Banking Corp (OCBC.SI), Singapore's second-biggest lender, reported a bigger-than-expected 18 percent drop in quarterly net profit to the lowest level in three years, dragged down by a 57 percent jump in bad debt charges. ( read original story ...)
UPDATE 1-Singapore's OCBC Q4 profit slumps to 3-yr low on bad debt charges
SINGAPORE Feb 14 Oversea-Chinese Banking Corp , Singapore's second-biggest lender, reported a bigger-than-expected 18 percent drop in quarterly net profit to the lowest level in three years, dragged down by a 57 percent jump in bad debt charges. Singapore ... ( read original story ...)
Singapore's OCBC Q4 net profit falls 18 pct, bad debt charges rise
SINGAPORE Feb 14 Oversea-Chinese Banking Corp , Singapore's second-biggest lender, reported a bigger-than-expected 18 percent drop in quarterly net profit, dragged down by a 57 percent jump in bad debt charges. OCBC's net profit came in at S$789 million ($ ... ( read original story ...)
OCBC Q4 net profit down 18%, bad debt charges rise
SINGAPORE: Oversea-Chinese Banking Corp (OCBC), Singapore’s second-biggest lender, on Tuesday (Feb 14) reported a bigger-than-expected 18 per cent drop in quarterly net profit, dragged down by a 57 per cent jump in bad debt charges. OCBC's net profit ... ( read original story ...)
Singapore's OCBC says Q4 net interest income down 7%, notes oil & gas loan stress
Oversea-Chinese Banking Corp. (OCBC), Singapore's second largest listed bank, said net interest income fell 7 percent in the fourth quarter of 2016 to S$1.25 billion with net allowances for loans and other assets of S$305 million, a jump of 57% above S$193 ... ( read original story ...)
OCBC’s Q4 profit slumps to 3-yr low on bad debt charges
Singapore banks’ exposure to the stressed oil services sector and slowing loan growth due to slack regional trade are clouding prospects for the country’s lenders. OCBC CEO Samuel Tsien said the bank’s overall portfolio quality remained sound ... ( read original story ...)
Oil has strengthened, but Singapore banks not out of the woods yet
on Thursday and United Overseas Bank (Singapore Exchange: UOBH-SG) (UOB) a day later. "We expect the three banks' profitability in the fourth quarter to see negative pressure due to their exposure to the oil and gas sector. We see that the banks are not ... ( read original story ...)
Singapore advisory panel eyes new drivers of economic growth
SINGAPORE: A key Singapore advisory panel last week proposed a 10-year strategy aimed at ensuring annual economic growth of 2-3 percent, mainly centred on trade partnerships, deepening the workforce’s tech skills and digitalising the economy. It also ... ( read original story ...)
Small-cap adventures on the Singapore Exchange
Can you see its business on the ground? Check. No red flags in its financial statements at first glance? Check. The pulse races. Is that . . . a value stock? It might be yet another illiquid small and medium enterprise (SME) listed on the Singapore ... ( read original story ...)
Singapore dollar stays near two-week low ahead of crucial data
The Singapore dollar has held near a two-week low against the US currency on Monday (13 Feb) ahead of crucial data releases scheduled for the week including the final numbers for the fourth quarter GDP. USD/SGD traded at 1.4207 at 4pm in Singapore ... ( read original story ...)
Dyson opens new $561 million Technology Centre in Singapore
James Dyson today opened the doors to Dyson’s new Technology Centre in Singapore, in the presence of Minister for Trade and Industry, S. Iswaran. Dyson is investing $561 million (£330m) in its future in Singapore. The new facility has the latest ... ( read original story ...)
Down-to-earth satellite opportunities
"The satellite communications industry is an exciting and fast-growing one, with growing business and career opportunities" notes Beh Kian Teik, Assistant Managing Director of Singapore's Economic Development Board (EDB). "There are many technology ... ( read original story ...)