Sun Life Financial Inc. has opened an office in Singapore and is looking for more acquisitions in Asia as the Canadian insurer expands its footprint in the region. ( read original story ...)
Singapore Police Bring First Charges Linked to Wirecard
Singapore police brought their first criminal charges against an individual linked to the suspected fraud at Wirecard AG, the one-time German technology star that collapsed at the end of June after ... ( read original story ...)
Genting Singapore shares fall 4.9% after $163 million Q2 loss
Shares of Genting Singapore tumbled 4.9 per cent on Friday (Aug 7), after the resort operator on Thursday posted its worst quarterly performance since Resort World Sentosa's (RWS) opening in 2010.. ( read original story ...)
Singapore Company Director Charged Over Wirecard Scandal
A company director has been charged in Singapore with falsifying letters linked to scandal-hit German payments giant Wirecard, according to court documents, as the fallout from the firm's collapse ... ( read original story ...)
Singapore Charges Man for Falsifying Letters in Wirecard Case
Singapore has laid its first charges in the Wirecard AG scandal, accusing a director of Citadelle Corporate Services Pte of falsifying accounts. ( read original story ...)
Singapore lender OCBC Q2 profit slumps 40%, hurt by loan-loss provisions
Chinese Banking Corp reported a larger-than-expected 40% tumble in quarterly net profit on Friday, hurt by loan-loss provisions in a pandemic-hit market and a slowdown in customer activity. ( read original story ...)
Singapore lender DBS profit skids 22% but pandemic-hit business steadying
DBS Group's quarterly profit slumped by a fifth as it boosted loan-loss provisions in pandemic-hit markets, but Southeast Asia's top lender said bad loans were steady and fee income was rising as ... ( read original story ...)
Singapore Virus Cases to Fall as Worker Dorms Almost Cleared
The number of new Covid-19 cases in Singapore is set to fall after the city-state nears clearing its migrant worker dormitories of the virus, paving the way for 90% of these laborers to return to work ... ( read original story ...)
Singapore Exchange Regulator Seeks More Power to Sanction Firms
Singapore Exchange Ltd.’s regulatory arm wants to beef up its enforcement powers, as it seeks to deter wrongdoing at a time when companies face financial pressure from the coronavirus pandemic. ( read original story ...)
Singapore Banks Post Profit Declines on Mounting Provisions
DBS Group Holdings Ltd. and United Overseas Bank Ltd. posted second straight profit declines after setting aside more provisions for loan losses during the pandemic-fueled recession. ( read original story ...)
Singapore’s largest bank reports 22% fall in quarterly profit as it guards against pandemic-induced risks
Net profit at DBS fell to 1.25 billion Singapore dollars ($912.9 million) in the second quarter — down from 1.6 billion Singapore dollars a year ago but beating Refinitiv estimates of around 1.19 ... ( read original story ...)
Singapore’s DBS Second-Quarter Profit Beats Estimates as Business Picks Up
Singapore's DBS Group Holdings reported a 22% fall in second-quarter net profit on Thursday after shoring up loan loss allowances in a pandemic-hit market, but its profit came just above market ... ( read original story ...)
Singapore’s DBS Q2 profit falls 22% as loan loss provisions increase
Singapore's DBS Group Holdings DBSM.SI reported a 22% fall in second-quarter profit as it increased loan loss allowances in a pandemic-hit market but ... ( read original story ...)
We know quite a bit about the memorable Singapore Sling — except how, exactly, to make one
Unlike so many drinks, we know who created the Singapore Sling, and when, and where. So it's a bit of a mystery, then, why there is no definitive recipe. ( read original story ...)
Singapore’s Central Bank Unveils Initiatives to Support New Benchmark Rate
The Monetary Authority of Singapore has announced initiatives to support the use of the “Singapore overnight rate average,” a new benchmark interest rate. ( read original story ...)
Korea to Review Freeze on Notes Tied to Singapore Firms
Financial regulators in South Korea are reviewing why investors in some structured notes are being prevented from withdrawing their money, according to a person familiar with the matter. ( read original story ...)