Category: FINANCE

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 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 ...)

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 ...)

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 ...)

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 ...)

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 (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 ...)

Its remittance service is licensed under its sister company, Transfer Easy, by the Monetary Authority of Singapore. For example, a transfer of $1,000 from a bank account here to a Citibank account in India could cost $76 to convert the money to 47,500 ... ( read original story ...)

SINGAPORE: Car buyers in Singapore took out bigger loans after ... for 244,488 car loan holders who took loans from member banks of CBS: Bank of East Asia, Citibank, DBS, HL Bank, Hong Leong Finance, HSBC, Maybank, Industrial and Commercial Bank of ... ( read original story ...)

American Express, Citibank, Chase, and other banks are advertising partners ... Delta partner China Southern is offering fares between New York and Singapore or Kuala Lumpur from $493 roundtrip. Great fares are widely available September through December ... ( read original story ...)

JA Singapore even hosts competitions that simulates a financial situation, so the students can apply their financial literacy knowledge during the competition. For those slightly older, Citibank has also collaborated with Singapore Management University ... ( read original story ...)

Mr Fonzarelli Ong, a senior vice-president at Citibank Singapore, recalled that when the global financial crisis hit in 2008, there was a “sweeping anxiety” across the industry. “Markets were quiet, phones were no longer ringing, everyone’s waiting ... ( read original story ...)

A small tech company in Tiburon has won a verdict of more than $12 million against a Singapore company it sued for alleged ... The jury also awarded Venture $77,563 for 2,140 Citibank prototype cards it provided to FiTeq and $303,900 for inventory ... ( read original story ...)

Singapore Airlines’ KrisFlyer frequent flyer scheme is a ... credit cards from banks including American Express Australia, Diners Club, Westpac and Citibank. Australian Business Traveller highlights five of your best options, along with what you ... ( read original story ...)