OCBC’s Q4 profit slumps to 3-yr low on bad debt charges

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 ...)

Singapore dollar stays near two-week low ahead of crucial data

The Singapore dollar has held near a two-week low against the US currency on Monday (13 Feb) ahead of crucial data releases scheduled for the week including the final numbers for the fourth quarter GDP. USD/SGD traded at 1.4207 at 4pm in Singapore ... ( read original story ...)

Why OCBC is downgrading HPH Trust to 'hold'

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 ...)

Fintech start-up wants to be 'Airbnb of global payments'

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 ...)