Category: FINANCE

OCBC has the lowest level of NPLs of Singapore's three major banks. The bank has faced a declining NIM, but this is likely to improve with the rising SIBOR. The bank's GEH subsidiary will also benefit from rising rates and could see accelerated growth in ... ( read original story ...)

SINGAPORE (Reuters) - A Singapore court on Friday jailed a second former banker from Swiss wealth manager BSI on charges stemming from a money laundering investigation linked to state investor 1Malaysia Development Bhd (1MDB). Yvonne Seah, 45, was ... ( read original story ...)

14.6% surge in non-electronic products boosted NODX. It wasn't until last month when Singapore's non-oil domestic exports ended its long streak of declines with a surprise 11.5% jump. According to the latest data by the International Enterprise Singapore ... ( read original story ...)

This open-air restaurant and bar on the corner of Eng Hoon Street sports kitsch and quirky interiors, modelled on Singapore’s beloved old kopitiams (coffee shops) and European brasseries. Classic, local cooking and fusion dishes reflect the diversity of ... ( read original story ...)

... of the global financial crisis as the Monetary Authority of Singapore resumes easing policy in April. So says an analyst who’s correctly predicted the last three central bank decisions. The authority, which uses the currency as a tool to manage ... ( read original story ...)

All developed nations use a Central Bank to help regulate and sustain economic growth. Singapore is no different, but its approach to monetary policy is very different. In this article we will explore the Monetary Authority of Singapore (MAS) and several ... ( read original story ...)

The Fed might have projected three rate hikes next year but the stronger USD will slow down its pace of rate hikes, says Citibank Singapore's Zal Devitre. ( read original story ...)

It will be operational by December 2026. According to Bloomberg, the high-speed rail deal was signed on Tuesday in the presence of Singapore Prime Minister Lee Hsien Loong and his counterpart Najib Razak in Putrajaya, Malaysia’s administrative capital ... ( read original story ...)

American Express, Citibank, Chase, and other banks are advertising partners ... One of the 18 tricks you should know about Singapore Airlines KrisFlyer is waitlisting awards. You can waitlist as many flights as you want, and decide once a waitlist clears ... ( read original story ...)

Credit: UOB.com.sg UOB Singapore has launched Mighty Secure, a digital security feature which allows users to use their mobile phone as a security token for safe authentication while using the UOB Mighty app. According to the bank, more than 9,000 UOB ... ( read original story ...)

It was in 1Q15 when employment last suffered contraction. Singapore unemployment rate has seen a 0.1 percentage point increase to 2.1% in September, as total employment contracted for the first time since the 1Q15, slumping by 2,700 jobs. According to the ... ( read original story ...)

Shopping has overtaken gambling as the biggest earner in Singapore’s tourism industry for the first time since 2012, surging 44 percent in the six months through June from a year ago, official data show. It is most likely thanks to first-time Chinese ... ( read original story ...)

For its 13th edition, the Singapore Fringe Festival (January 5 -14) has chosen the theme of "Art & Skin", a "creative exploration and dialogue into matters of identity, beauty, intimacy, sensitivity, pleasure, pain and shame," the last time the festival ... ( read original story ...)

UOB is the first bank in Singapore to enable customers to use their mobile phone as their security token. UOB Mighty Secure ensures the necessary additional layer of security traditionally provided by physical tokens for conducting certain banking ... ( read original story ...)

Denes Ban said: “We are excited to be operating in Singapore, which is fast becoming a leading global fintech center. We look forward to strengthening our winning team of UOB and the Sassoon family by adding new Singapore partners, investors, and ... ( read original story ...)

Together with DBS/POSB’s network, the bank now has over 2,400 withdrawal touchpoints in Singapore. Introduced in 2013, POSB Cash-Point is a complimentary service that allows customers to withdraw up to SGD200 (in multiples of SGD10) with any item ... ( read original story ...)