Finance companies' shares soar on new relaxed rules

Singapore's three finance companies are sleepy no more. The prices of all three rocketed as much as 32 per cent the past two days from Monday after the Monetary Authority of Singapore said it was relaxing rules on finance companies to spur them to ... ( read original story ...)

'Lack of clarity' on Trump a risk to growth: Singapore

Singapore's trade-driven economy rose faster than thought in 2016 but concerns over a "lack of clarity" on US President Donald Trump's policies could hit growth this year, the government said Friday. The economy expanded 2.0 percent in 2016, powered by a ... ( read original story ...)

Rivals Singapore and Hong Kong Fight to Snag the Hottest IPOs

Hong Kong and Singapore are at it again. The Asian financial hub rivals are reviving a debate on dual-class shares as global competition for the hottest initial public offerings intensifies. Singapore is a few steps ahead. Prime Minister Lee Hsien Loong ... ( read original story ...)

Singapore UOB’s Q4 profit falls 6% in 2016

SINGAPORE: United Overseas Bank (UOB) beat expectations in the fourth quarter, thanks to its capacity to limit damage from souring loans to the beleaguered oil and gas sector. Net profit for the three months to Dec 31 was down 6.2 per cent from a year ... ( read original story ...)