(Bloomberg) -- Singapore is considering a range of measures to lure a listing from energy giant Saudi Arabian Oil Co., according to people familiar with the matter, as global exchanges compete for a slice of what could be the world’s largest-ever initial ... ( read original story ...)
Citibank Says Foreign Flows to India Stocks Face Modi Vote Test
(Bloomberg) -- The performance of Prime Minister Narendra Modi’s party in ongoing state elections will determine if the trickle of foreign money returning to Indian stocks turns into a gush, according to Citibank. The five state polls held over February ... ( read original story ...)
DBS launches mobile order and pay app in Singapore shopping mall
After a year in pilot, DBS’ unique online food ordering and cashless payment solution for F&B businesses in Singapore – DBS FasTrack – has now been officially launched. Marking this launch, Koufu, one of Singapore’s leading foodcourts, will become ... ( read original story ...)
DBS rolls out enhanced wealth management app
DBS, Singapore’s largest and Asia-Pacific’s fifth largest private bank, continues to digitally transform its wealth management business with the latest enhancement to its wealth platform, "DBS iWealth". The new and improved wealth management app allows ... ( 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 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 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 ...)
Why OCBC is downgrading HPH Trust to 'hold'
SINGAPORE (Feb 13): OCBC has cut Hutchison Port Holdings Trust to a “hold” from “buy”, recommending investors to collect HPHT at US$0.41 (58 Singapore cents) and below. The downgrade comes after management dropped its FY17 DPU guidance to 20-23 HK ... ( read original story ...)
Singapore's central bank lays out plan to support CFE recommendations
SINGAPORE: The Monetary Authority of Singapore (MAS) on Monday (Feb 13) detailed how it would support the Committee on the Future Economy's (CFE) recommendations that were unveiled last week. The central bank said it will take a series of specific ... ( read original story ...)