Category: FINANCE

SINGAPORE -- DBS Group Holdings Ltd. Monday reported flat net profit and interest income in the third quarter amid rising bad loans due to the bank's exposure to companies that support the offshore oil industry. Net profit in the September quarter was 1.07 ... ( read original story ...)

SINGAPORE — Stresses among Singapore’s oil and gas companies are deepening, the head of South-east Asia’s second-largest lender said, signalling that more firms grappling with the slump in energy prices may face difficulties repaying their debts. ( read original story ...)

Yoko Ono at the NME Awards 2016. HSBC’s innovation team share the office with the rock and roll magazine. HSBC has opened a special office near the Tate Modern, in the same building as rock and roll magazine NME, to entice trendy developers to work for ... ( read original story ...)

Singapore’s property market has been in decline for the last three years. A number of factors have led to a prolonged slump in residential, commercial, and industrial real estate. Capital values are down and so are rentals. Before the fall in real estate ... ( read original story ...)

SHANGHAI (AP) — Hideki Matsuyama of Japan kept a clean card Saturday and made just enough birdies for a 4-under 68 to maintain his three-shot lead in the HSBC Champions. Matsuyama had made 19 birdies over the opening two rounds. He was even more ... ( read original story ...)

Singapore's POSB has run successful trials of an in-school wearable and tech saving programme to help cultivate sensible savings and spending habits among young students. The POSB Smart Buddy programme uses portable and wearable devices such as a watch or ... ( read original story ...)

These former Singapore finance professionals are all now running their own food and drink companies. Moving out of banking mid-career in Singapore is nothing new – plenty of 20 and 30-somethings shift into buy-side or fintech roles every year. It’s ... ( read original story ...)

And a fourth storage tank at the Jurong Island terminal will be finished in 2018. Singapore is boosting efforts to establish itself as Asia's liquefied natural gas (LNG) trading hub, looking at third party spot imports and a second LNG terminal ... ( read original story ...)

According to MAS letters of intent, the central bank of Singapore will collaborate with India and South Korea on distributed ledger projects. The first partnership began with authorities from the Indian region of Andhra Pradesh (GoAP). The organizations ... ( read original story ...)

SINGAPORE -- Oversea-Chinese Banking Corp., Singapore's second-largest bank by assets, said Thursday its net profit rose 5% on the year to 943 million Singapore dollars ($677 million) for the third quarter ending in September. Despite a drop in the bank's ... ( read original story ...)

SINGAPORE (REUTERS, BLOOMBERG) - OCBC earnings grew in the third quarter due partly to improved performance of its insurance business, but core banking profit has weakened while asset quality issues persisted. Singapore's second biggest lender said net ... ( read original story ...)

SINGAPORE (Reuters) - Singapore's United Overseas Bank (UOBH.SI) posted a 7.8 percent drop in third-quarter net profit on Friday, hurt by a jump in bad debt charges due to losses from its exposure to the oil and gas sector. Singapore banks are facing ... ( read original story ...)

Monetary Authority of Singapore’s “regulatory sandbox” — The country’s financial regulator has taken a liberal approach and announced the creation of a “regulatory sandbox.” This will allow start-ups and existing companies in the financial ... ( read original story ...)

Independent trust, corporate and fund services firm ZEDRA has hired Wendy Sim to lead the development of its Singapore office, which will additionally support markets in North and South Asia. Independent trust, corporate and fund services firm ZEDRA has ... ( read original story ...)

OCBC was the first of Singapore’s three large banks to report quarterly profit. United Overseas Bank Ltd. is due to post its results on Friday, while earnings from DBS Group Holdings Ltd., Southeast Asia’s largest lender, are scheduled for Oct. 31. ( read original story ...)

SINGAPORE: The Oversea-Chinese Banking Corp (OCBC) beat estimates with a 5 per cent rise in quarterly profit in the third quarter of the year, helped by gains from its insurance and wealth management units, according to its financial results released on ... ( read original story ...)