SINGAPORE (THE BUSINESS TIMES) - OCBC Bank has launched a new Sora-based home loan, which references the three-month compounded Singapore overnight rate average (Sora) that is published by the ... ( read original story ...)
Singapore stock watch: OCBC, DBS, SIA, SPH, UG Healthcare
SINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Wednesday (Aug 19): OCBC Bank: The bank on Tuesday launched a new ... ( read original story ...)
Singapore Regulator to Push for More Locals in Senior Bank Roles
Singapore’s financial regulator will step up efforts to urge banks to place more citizens in senior management roles, according to its chief. The Monetary Authority of Singapore confers with senior ... ( read original story ...)
More workers in Singapore experience significant pay cuts: DBS report
More than 300,000 workers in Singapore have seen their salaries shrink by over 10 per cent because of the Covid-19 pandemic, with lower income groups hit the hardest and workers aged 35-44 ... ( read original story ...)
KS Energy: Debt owed OCBC less than $314m as reported
Beleaguered offshore marine company KS Energy clarified on Monday that a debt owed to OCBC Bank by its subsidiary KS Drilling was lower than US$230 million (S$314 million), as previously reported. The ... ( read original story ...)
Singapore Leads Libor Exit With ‘Ground-Breaking’ Debt Sale
Standard Chartered Bank, Citibank NA and DBS Group are ready to trade SORA derivatives, according to a June statement. Read about: Singapore Pushes For Local Benchmark Reform Amid Libor Overhaul ... ( read original story ...)
Singapore Leads on Libor Replacement in Asia With Note Sale
(Bloomberg) -- Singapore is blazing a trail for Libor ... Eleven banks including Deutsche Bank AG, Standard Chartered Bank, Citibank NA and DBS Group Holdings Ltd. were ready to trade SORA ... ( read original story ...)
Favourite Credit Card Combinations To Max Out Cashback And Miles (As Used By SingSaver Staffers)
In Singapore, more than 56% own more than one credit card ... The only exception to this is at online stores, which have special DBS/POSB offers or discounts (i.e. Zalora), in which case I would use ... ( read original story ...)
Singapore adds extra stimulus to fight the pandemic – UOB
Economist at UOB Group Barnabas Gan reviewed the recent decision by the government to pump in extra stimulus aimed at fighting the impact of the coronavirus pandemic. “Singapore’s Finance Ministry has ... ( read original story ...)
Singapore’s DBS: Covid-19 fallout could widen income gap, threaten workers aged 35-44
What the Singapore-Malaysia border reopening means for coronavirus-era travel DBS senior economist Irvin Seah, lead author of the report, said the bank did not know the residency status of those ... ( read original story ...)
Workers aged 35 to 44 and lower-income earners hit hardest by pay cuts due to Covid-19: DBS report
the "DBS NAV Financial Health Series". These workers, who form the bulk of Singapore's workforce, enjoy fewer support measures compared to older workers, said DBS Group Research senior economist Irvin ... ( read original story ...)
Tencent-backed online brokerage Futu looks to cash in on Hong Kong IPO boom with plans to expand margin financing
It also said the growth in its interest income was partly helped by IPO financing due to an active IPO market ... had obtained an in-principal approval from the Monetary Authority of Singapore for a ... ( read original story ...)
China’s Ant Group Plans Consumer Finance Firm in Growth Push Ahead of IPO
but officials have pinpointed consumer lenders as a key lever in rebooting consumption. (Reporting by Julie Zhu; Additional reporting by Keith Zhai in Singapore; Editing by Sumeet Chatterjee and ... ( read original story ...)
Gold’s run ‘hasn’t quite finished yet,’ says Standard Chartered strategist
The gold rally still has some ways to go despite its recent stumble, says Standard Chartered Private Bank's Manpreet Gill. ( read original story ...)
Retiree sues UOB over $1.15m in investment losses
A 72-year-old retiree is suing United Overseas Bank (UOB) and a former relationship manager at the bank after suffering losses totalling $1.15 million.. Read more at straitstimes.com. ( read original story ...)
Singapore bourse bulks up with deals to fight Hong Kong threat
Currently, about 40% of listed companies and over 80% of listed bonds originate from outside Singapore. The bourse's last IPO, on its secondary Catalist board, was of local healthcare player ... ( read original story ...)