SINGAPORE: Beyond this decade, Singapore’s fiscal situation would become more challenging as Government spending looks set to outstrip revenue in the longer term, Finance Minister Heng Swee Keat said at the end of a three-day Parliament debate on the ... ( read original story ...)
Banking on boring but safe home mortgages
Last month, a DBS Bank staffer got rather worked up at a tweet which said "UOB has the highest new home loan market share in Singapore, at 31 per cent: CEO". This reporter was contacted and grilled on the matter, such as how UOB made such a claim ... ( read original story ...)
OCBC injects S$600,000 into CSR scheme initiatives
SINGAPORE — OCBC Bank has expanded its corporate social responsibility (CSR) programme #OCBCCares with an additional S$600,000 to support initiatives proposed by its charity partners. The causes range from vulnerable children, youth and families and ... ( read original story ...)
Michelle Wie opens with 66, takes 1-stroke lead at Singapore
SINGAPORE (AP) - Michelle Wie rolled in several clutch putts on Thursday and had six birdies in a 10-hole stretch to take a one-stroke lead after the first round of the HSBC Women's Champions. The 27-year-old Wie, who has struggled with injuries and form ... ( read original story ...)
OCBC rejigs 360 Account again to lure emerging affluent
Read also: Singapore's OCBC Q4 profit slumps to 3-year low on bad debt charges OCBC has also introduced a new rate for what it dubs a "wealth bonus". The new "wealth bonus" refers to an additional interest of 0.6 per cent per year paid to customers who ... ( read original story ...)
U.S. pull-out from Pacific trade deal hurts confidence, Singapore PM tells BBC
SINGAPORE The United States' pull-out from the Trans Pacific Partnership hurt confidence in American policies, Singapore's Prime Minister Lee Hsien Loong said, urging Washington to "focus" on its relationship with China. In an interview with the BBC ... ( read original story ...)
DBS CEO sees wealth management business as key growth driver
SINGAPORE Singapore lender DBS Group is expanding its wealth management business and expects the segment will account for as much as a fifth of its revenues in a few years as it capitalizes on a trend of Asia growing richer, its CEO Piyush Gupta said. ( read original story ...)