All five million DBS/POSB customers can now access DBS’ new digital financial planning solution NAV Planner within their internet and mobile banking accounts. ( read original story ...)
Government Will Ensure Singapore Airlines Survives Virus Crisis: PM
Singapore is facing the deepest recession in its 55-year history, and authorities have warned that unemployment is likely to rise and wages drop. The city-state has among the highest number of ... ( read original story ...)
Singapore PM Says Cases Must Ease Before Economy Restarts
Singapore can only relax its partial lockdown measures and progressively restart its economy after the city-state brings down the number of new coronavirus cases, according to Prime Minister Lee Hsien ... ( read original story ...)
Shopee announces S$1 million Seller Support Package to help local businesses in Singapore amidst COVID-19 pandemic
Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, has today announced the launch of the Shopee Seller Support Package (SSSP), created to help local sellers and small and medium ... ( read original story ...)
COVID-19 and the outlook for Singapore’s residential property market in 2020 and beyond
There’s no let-up on the bleak projections for the Singapore economy this year and one big sector Singaporeans will be watching closely is the property market. What impact will COVID-19 have on the ... ( read original story ...)
Hongkong Land posts US$170 mil in Singapore development property sales in 1Q2020
Property developer Hongkong Land’s attributable interest in contracted sales of development properties in Singapore for 1Q2020 came in at US$170 million ($241 million), compared with US$116 million in ... ( read original story ...)
Singapore 5G Plan Leaves Time to Make Money, Minister Says
Singapore’s communications minister said mobile phone carriers awarded 15-year licenses to operate 5G networks offering fast data transmission will have enough time to recoup their investment and make ... ( read original story ...)
Here’s how Luckin Coffee, the ‘poster child’ and ‘dream client’ of Credit Suisse, turned into the bank’s worst nightmare
Before the accounting scandal and the stock crash and the defaulted loans, Luckin Coffee's billionaire founder Lu Zhengyao was an ideal customer for Credit Suisse Group."I've had I don't know how many ... ( read original story ...)
Lower interest rates are the biggest headwind this year, says CEO of Singapore’s largest bank
The Federal Reserve's "big cuts" to its policy rates will eventually lead to lower interest rates in Singapore, says Piyush Gupta, chief executive of DBS Group Holdings. ( read original story ...)
Singapore reports 528 new coronavirus cases, taking total to 16,169
Singapore confirmed 528 new coronavirus cases on Thursday, its Health Hinistry said, taking the city-state's total cases to 16,169. ( read original story ...)
Singapore’s DBS bank posts 29% fall in first-quarter net profit; shares jump 4%
DBS, Southeast Asia's largest bank, said it set aside 1.09 billion Singapore dollars ($772.5 million) to cover potential losses from the coronavirus pandemic. ( read original story ...)
SE Asia Stocks-Climb on coronavirus treatment progress, higher oil prices
April 14 * DBS Group at 7-week peak after bank retains quarterly dividend * Indonesia hits highest level since April 15 By Nikhil Subba April 30 (Reuters) - Southeast Asian stock markets climbed on ... ( read original story ...)
Singapore minister says 5G rollout still on track despite coronavirus challenges
Minister S. Iswaran told reporters at a briefing that 5G is an important investment in Singapore's digital infrastructure for the future. ( read original story ...)
Singapore Airlines Has ‘No Obligation’ To Virgin Australia Cash Infusion, Committed To Vistara
Singapore Airlines has no requirement or obligation to put in capital for Virgin Australia,” the airline told shareholders ahead of an extraordinary general meeting to raise capital. Singapore ... ( read original story ...)
DBS first-quarter profit slumps to 2-1/2-yr low on virus loan loss provisions
"We will maintain a solid balance sheet with ample capital, liquidity and loss allowance reserves that give us strong buffers to absorb external shocks," DBS CEO Piyush Gupta said in a statement on ... ( read original story ...)
TPG loses Singapore 5G bid
The Singaporean government has rejected TPG Telecom's bid to be one of the nation's two 5G wholesale providers, in a blow to the Australian telco's push to be the nation's third mobile network ... ( read original story ...)