Moody’s Investors Service VP Eugene Tarzimanov believes provisions at Singapore lenders will probably only peak in 2021. He was speaking with Haslinda Amin and Yvonne Man on "Bloomberg Markets Asia". ( read original story ...)
Singapore Airlines to report fourth-quarter loss on fuel hedges
Singapore Airlines Ltd said on Friday it would report a material operating loss in the quarter ended on March 31 due in part to a collapse in fuel prices that has led to major hedging losses and that ... ( read original story ...)
Fullerton Health Launches a Free COVID-19 Symptom Checker and Chat Function for Singapore, with Plans to Roll Out Across Asia Pacific
PRNewswire/ -- In its efforts to combat COVID-19 across Asia Pacific, Fullerton Health announced today that it has ... ( read original story ...)
ByteDance (TikTok) share price- a possible IPO and user stats in focus – IG Bank Swiss
As ByteDance IPO rumours swirl, the company’s TikTok app continues to grow its user-base at an astounding rate. ( read original story ...)
Singapore bank OCBC first-quarter profit slumps to seven-year low, builds loan-loss defences
Chinese Banking Corp more than doubled its loan loss provisions due to the coronavirus and warned of a "very uncertain" economic outlook, as it posted a 43% plunge in first-quarter net profit on ... ( read original story ...)
Singapore oil trader ZenRock involved in ‘dishonest’ deals, says HSBC
HSBC Holdings alleged Singapore oil trader ZenRock Commodities Trading Pte Ltd was involved in a series of "highly dishonest transactions" that included the company using the same cargo of oil to ... ( read original story ...)
Singapore bank OCBC’s Q1 profit tumbles 43% to 7-yr low on virus charges
Oversea-Chinese Banking Group's first-quarter net profit slumped 43% to its lowest level in seven years as Singapore's second-largest lender more than doubled its loan loss charges due to the ... ( read original story ...)
Singapore lender OCBC’s first-quarter profit slumps 43% on coronavirus charges
Oversea-Chinese Banking Corp reported a 43% fall in first-quarter net profit, worse than market estimates, as Singapore's second-largest lender set aside higher credit allowances to cover the impact ... ( read original story ...)
Asia stocks little changed as data shows China’s exports unexpectedly rose in April
China also reported Thursday that its dollar-denominated exports rose but imports fell in April as movement restrictions to curb the coronavirus outbreak were eased. Stocks in Asia Pacific were little ... ( read original story ...)
Singapore stock watch: SIA, OCBC, SingPost, StarHub, DBS, NetLink, Biolidics
THE following companies saw new developments that may affect trading of their securities on Friday:. Read more at straitstimes.com. ( read original story ...)
HSBC seeks to place Singapore oil trader ZenRock under judicial management: Sources
HSBC Holdings has filed an application to the Singapore High Court to place ZenRock Commodities Trading under judicial management, three people familiar with the matter said on Wednesday (May 6).. ( read original story ...)
Singapore Expats Ask for Rent Cuts as Employers Tighten Belts
Singapore expats are often envied for their generous pay packets but facing the prospect of salary cuts as the coronavirus batters businesses, some are tightening their belts and asking for lower rent ... ( read original story ...)
Uber Loses $2.9 Billion, Offloads Bike and Scooter Business
Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic. ( read original story ...)
Redtea Mobile Supports the Implementation of Integrated nuSIM for IoT
The joint solution that for the first time fully integrates SIM functionality on a Qualcomm chipset has been developed in accordance with Deutsche Telekom's open nuSIM specification. It consists of a ... ( read original story ...)
Charles Li moves on in surprise announcement to step down in 18 months as chief executive of Hong Kong’s stock exchange
Charles Li, one of the longest-serving chief executives of a global financial marketplace, has thrown in the towel after more than a decade as head of the Hong Kong stock exchange (HKEX), in a ... ( read original story ...)
Singapore Press Holdings: Not As Bad As Feared
There were initial fears that SPH's business operations and financial results will be badly hit by the coronavirus pandemic, but things have turned to be better ... ( read original story ...)