Category: FINANCE

SINGAPORE Singapore's DBS Group Holdings (DBSM.SI) reported a 9 percent decline in quarterly profit and like rival OCBC (OCBC.SI) booked higher provisions for bad loans, hobbled by debt payment woes in the city-state's oil services sector. In what has ... ( read original story ...)

SINGAPORE Singapore's DBS Group Holdings (DBSM.SI) posted a 9 percent decline in quarterly profit and like rival OCBC (OCBC.SI) booked higher provisions for bad loans, underscoring debt payment stress among firms in the city-state's oil services sector. ( read original story ...)

SINGAPORE DBS Group Holdings (DBSM.SI), Singapore's biggest lender, reported a 9 percent decline in quarterly profit that came in below market expectations, with bad debt charges climbing on woes in the offshore oil services sector. In what has become a ... ( read original story ...)

SINGAPORE (Reuters) – Singapore’s DBS Group Holdings (SI:DBMS) posted a 9 percent decline in quarterlу profit аnd like rival OCBC (SI:OCBC) booked higher provisions for bad loans, underscoring debt paуment stress among firms in thе citу-state’s ... ( read original story ...)

(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 ...)

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, 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 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 ...)

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 ...)