DBS launches free financial advisory centre NAV Hub

SINGAPORE - DBS has launched a financial planning centre offering free advisory services. The NAV Hub at Tanjong Pagar, which opened late last month, does not sell products but provides young people with personalised financial planning sessions from bank ... ( read original story ...)

DBS Bank opens free financial advice centre in Singapore

NAV – Your Financial GPS is part of a new financial planning initiative by DBS aimed at helping customers navigate through life’s changes, uncertainties and opportunities. DBS's offering will bring it into direct conflict with financial advisers who ... ( read original story ...)

Singapore Stock Market May Head South Again

(RTTNews.com) - The Singapore stock market has alternated between positive and negative finishes through the last five three trading days since the end of the two-day losing streak in which it had surrendered more than 45 points or 1.4 percent. The Straits ... ( read original story ...)

Singapore Dreams of Its Own J.P. Morgan

There are no new ideas in banking -- no equivalents of flying cars, or even 20-foot containers. The revolutionary thinking in finance is usually dusted off from the archives. Singapore's plan to let bankers play businessmen is no different. That's what J.P ... ( read original story ...)

Singapore to Let Banks Invest in Digital Platforms, E-Commerce

Regulator to limit investment to 10% of bank’s capital funds Retail clients to be able to transfer money using cell numbers Singapore regulators have proposed rules that will make it easier for banks to conduct or invest in non-financial businesses such ... ( read original story ...)

Medical tourism growth easing in Singapore

SINGAPORE: Medical tourism growth here is expected to slow down amid stiffer regional competition, especially from the Malaysian healthcare market, according to UOB Kay Hian. The softer outlook in Singapore comes amid a decline in growth of foreign patient ... ( read original story ...)

New PayNow service enables funds transfer using mobile phones

Seven banks – Citibank Singapore, DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and United Overseas Bank – will offer this scheme from July 10, according to a statement by the Association of Banks in Singapore (ABS) on Tuesday (June 22). ( read original story ...)

Philippines, Singapore push open banking system

MANILA, Philippines - The Philippines is set to pursue an agreement with Singapore as part of efforts to open up the banking industry aimed at greater financial integration and economic development among members of the Association of Southeast Asian ... ( read original story ...)

China risk has DBS rethinking mainland exposure

HONG KONG -- Like its peers here, the Hong Kong arm of Singapore's DBS Group Holdings has reaped increasing benefits from its mainland China-related business in the past several years. However, Hong Kong banks' rising reliance on the second largest economy ... ( read original story ...)