SINGAPORE - UOB chief executive officer Wee Ee Cheong said Singapore's private home prices could fall 5-10 per cent in time, following the recent property cooling measures by the government, calling i... ( read original story ...)
88% of Singaporeans unhappy over high property prices: PropertyGuru
Younger Singaporeans are finding it harder to buy a home. The majority of Singapore consumers are dissatisfied over the state of the property market, revealed PropertyGuru’s latest Consumer Sentiment ... ( read original story ...)
Fewer imports drag Singapore fuel oil stocks to 9-year low
SINGAPORE: Singapore's weekly onshore fuel oil inventories continued to shrink after falling 1.397 million barrels (about 209,000 tonnes) to 14.799 million barrels (2.209 million tonnes) in the week e... ( read original story ...)
Singapore’s UOB to launch digital bank in ASEAN countries
SINGAPORE (Nikkei Markets) -- United Overseas Bank is launching a digital bank as it targets the mobile savvy in its effort to add more customers across Southeast Asia and expand its presence. Althoug... ( read original story ...)
SINGAPORE | Pompeo: ‘ways to go’ before NKorea meets denuke vow
SINGAPORE — U.S. Secretary of State Mike Pompeo says North Korea is far from living up to its pledge to denuclearize and remains in violation of numerous U.N. Security Council resolutions. Speaking Fr... ( read original story ...)
Banking in brief: a roundup of Southeast Asia’s financial news
The value of bank and real estate stocks in Singapore are taking a hit with the announcement of real estate cooling measures by the central bank. The changes, which kicked in on 6 July, include a tigh... ( read original story ...)
UOB beats forecasts with 28% rise in Q2 profit; to launch Asean digital bank
SINGAPORE - UOB on Friday (Aug 3) reported a 28 per cent rise in net profit for the second quarter that was lifted by stronger overall operating income, and announced plans to ramp up its digital stra... ( read original story ...)
DBS lowers bar for Singapore lenders with second-quarter profit miss
SINGAPORE (Reuters) - DBS Group Holdings Ltd ... kicked off the quarterly results reporting season for lenders in the regional financial hub. United Overseas Bank reports results on Friday, followed b... ( read original story ...)
Singapore SMEs beat APAC counterparts in export earnings
Their average annual revenue hit US$1.75m which is higher than the APAC average. Small and medium-sized enterprises (SMEs) in Singapore that are engaged in exporting are the highest earners amongst th... ( read original story ...)
Wealthy Singapore’s a Prime Target for Global Hackers
Singapore’s status as a hyperconnected financial hub makes it a prime target for hackers, and recently reported attacks have intensified the focus on cyber security as it pushes to become one of the w... ( read original story ...)
Singapore shares plunge as DBS Group weigh
KUALA LUMPUR (Nikkei Markets) -- Singapore shares fell Thursday as concerns over prospects of banking sector added to the renewed global trade worries that triggered Asia-wide selldown. Malaysia also ... ( read original story ...)
Singapore sets up education programme to retrain bankers for a digital world
Financial industry professionals can now seek skills upgrading, career advisory and job matching opportunities at the Institute of Banking and Finance’s ... IBF is working with the Monetary Authority ... ( read original story ...)
The CEO of Southeast Asia’s largest bank says he’s worried the US-China trade war will dent market psychology
The banking business, including that of DBS, relies to some extent on confidence to do well, Gupta said. He added that "unfortunately, there's not too much you can do about that and so you have to go ... ( read original story ...)
OCBC launches first-of-its-kind certification programme in Singapore
The OCBC-WMI Wealth Advisory Programme seeks to equip the bank's wealth advisors with private banking competencies. OCBC has partnered with Nanyang Technological University’s Wealth Management Institu... ( read original story ...)
District 9 Singapore: The in-depth property buyer’s guide
You probably know District 9 is considered the atas (Hokkien for “upscale”) part of Singapore, where the well-heeled live in high-end and luxury condos. In truth, the district has separate neighbourho... ( read original story ...)
How Robots and Tariffs Spoiled the DBS Party
Not so long ago, Singapore’s biggest bank used to be gung-ho about its trading operations. So much so that when DBS Group Holdings Ltd. moved its headquarters of nearly four decades, it made sure the ... ( read original story ...)