SINGAPORE -- DBS Bank customers can now make foreign currency payments with their existing Visa debit cards if they hold a multi-currency account with the bank. This will allow them to save on fees they will otherwise incur in making overseas transactions ... ( read original story ...)
Standard Chartered Bank and Allianz Announce 15-year General Insurance Partnership in Asia
SINGAPORE, Jan. 19, 2017 /PRNewswire/ -- Standard Chartered Bank and Allianz today announced a 15-year bancassurance agreement for the distribution of Allianz's general insurance products, including travel, personal accident, fire and motor insurance ... ( read original story ...)
UOB volunteers give back in time and money
Sixteen families had their homes painted and new furniture set up yesterday with the help of more than 100 volunteers from United Overseas Bank (UOB). Mrs Cher Ah Eng, 74, who lives with her husband and three grandchildren in a three-room flat, said it had ... ( read original story ...)
Hong Kong in Fiji preparing for Singapore leg of the HSBC World Sevens Series and qualifier
SINGAPORE, 17 Jan 2017 – The 2017 HSBC Singapore Rugby Sevens will see the participation of two top Asian sides as Hong Kong is confirmed as the wild card team. In Singapore, Hong Kong will line up alongside 15 other ‘core’ teams, including their ... ( read original story ...)
Ex-traders in Singapore guilty of cheating Deutsche Bank, HSBC
Former HSBC senior dealer Ivan Chng and ex-Deutsche Bank trader Toh Hway Khuan pleaded guilty in separate hearings in Singapore’s High Court today. The men both admitted to using their banks’ accounts in 2009 to get preferential rates on the dollar. ( read original story ...)
Standard Chartered digital marketing head Damien Cummings leaves bank amid acrimony
The Singapore-based global head of digital marketing at Standard Chartered Bank, Damien Cummings, has left the bank in acrimony after accusing the company of breaking promises and of making poor decisions. Cummings joined SCB in mid-2015 but his role has ... ( read original story ...)
Singapore to boost Asia's smart home market
Growth in the region is expected to reach US$115m in 2030. Singapore, amongst other highly-connected economies, will play a vital role in boosting Asia's smart home market, which is expected to reach US$115m in 2030. This would account for 30% of the ... ( read original story ...)
Singapore central bank chief: Policymakers need to keep calm and carry on amid currency swings
Policymakers will have to accept that their currencies will depreciate against the greenback as the U.S. begins its tightening cycle, Ravi Menon, Singapore's central bank chief, said on Monday. His comments came as currencies across Asia have tumbled in ... ( read original story ...)
Singapore Forex Traders Admit Cheating On Deutsche Bank, HSBC
Former Deutsche Bank trader Toh Hway Khuan and HSBC senior dealer Ivan Chng have pleaded guilty in separate hearings today. Both have admitted to using their banks’ accounts in 2009 to get preferential rates on the dollar. The cases are unrelated. ( read original story ...)
Some DBS customers can now skip forex fees, conversion charges for overseas spending
SINGAPORE - Some holders of DBS' Visa Debit Card will now be able to spend overseas in the country's local currency while avoiding high foreign exchange and conversion fees. This is possible if their Visa debit card is linked to a DBS Multi-Currency ... ( read original story ...)
New DBS scheme allows customers to save on FX fees
SINGAPORE — Travelling overseas or shopping on overseas-based online stores? Some DBS debit card owners can now save on additional charges such as merchant and foreign exchange conversion fees when making electronic payments in 12 currencies from ... ( read original story ...)
Singapore December exports jump on back of 40% rise in China shipments
An aerial view of shipping containers stacked at the port of Singapore February 14, 2012. REUTERS/Edgar Su/ Singapore exports in December rose 9.4 percent on the back of a rebound in the shipment of both electronic and non-electronic goods. Figures ... ( read original story ...)
10 leading companies from Singapore
This has enabled Singapore to become home to firms that are world leaders in sectors as diverse as banking, telecommunications, and even food processing. Here, then, is a brief description of the country’s 10 leading companies based on total revenue ... ( read original story ...)
Several duped by phishing emails since start of the year: Police
the Singapore Police Force (SPF) said in an advisory on Tuesday (Jan 17). Victims would receive an email purportedly from their bank informing them that someone had logged into their Internet banking account. Recipients would then be prompted to verify the ... ( read original story ...)
Will bad loans continue to haunt Singapore banks this year?
It will slow down and the impact will be manageable, says Moody's. Singapore's three largest banks, DBS Bank Ltd., Oversea-Chinese Banking Corp Ltd, and United Overseas Bank Limited, face continued downward pressure on their solvency metrics of asset ... ( read original story ...)
Moody's: Singapore banks will weather through further weakening in asset quality
Moody's Investors Service says that Singapore's three largest banks - DBS Bank Ltd. (DBS, Aa1/Aa1 stable, a1), Oversea-Chinese Banking Corp Ltd (OCBC, Aa1/Aa1 stable, a1) and United Overseas Bank Limited (UOB, Aa1/Aa1 stable, a1) - face continued downward ... ( read original story ...)