SINGAPORE - The Economic Development Board reported just over a week ago that foreign investment commitments in Singapore slipped in 2016 to their lowest level in recent years. Estimates on global direct investments released over the weekend by the United ... ( read original story ...)
UPDATE 2-Singapore bank OCBC flags oil sector woes as Q4 profit hits 3-yr low
SINGAPORE, Feb 14 Oversea-Chinese Banking Corp , Singapore's second-biggest lender, flagged worries about a weak oil and gas sector after reporting an 18 percent drop in quarterly profit to a three-year low, mainly due to a jump in impairment charges. ( read original story ...)
Relearning retail
Last year was a challenging one for the Singapore retail market. The island-wide vacancy rate for retail space climbed to 8.4% in 3Q2016 — the highest level in more than five years since the time series commenced in 1Q2011. Meanwhile, for the whole of ... ( read original story ...)
Fatal Singapore tree fall prompts questions
The death of a woman in Singapore after a 270-year-old tree fell on her in the ... compaction of its root zone by visitors," Mr Leong said in a statement to BBC News. NParks said it has "a systematic regime of inspection checks" and deploys more than ... ( read original story ...)
Fall of Singapore anniversary: How a military defeat changed Australia
February 15 marks the 75th anniversary of the fall of Singapore in World War II. It also effectively marks the rise of the US-Australia strategic relationship. More on that later. Let us first go back to the dark days of January 1942. The Pacific War is ... ( read original story ...)
Singapore security firm hopes mobile software token will plug hardware holes
Singapore's state-owned security vendor, Assurity Trusted Solutions, is hoping its introduction of a mobile software token will resolve common user grievances associated with hardware tokens and finally convince local banks to adopt its platform. ( read original story ...)
Singapore to open up non-bank finance companies to foreign M&As
SINGAPORE Singapore will for the first time allow foreign takeovers of non-bank finance firms as part of steps to strengthen their financial resilience and operational flexibility, the central bank said on Tuesday. "This will accord finance companies ... ( read original story ...)
Singapore most targeted by ad fraud on mobile
The mobile economy is growing. It is estimated that 59.5% of Google’s net global ad revenues will stem from mobile Internet ads this year, up from about 45.8% in 2015. By 2018, this figure is expected to rise to near 75%. And along with the maturity the ... ( read original story ...)
Singapore Stock Market Draws Firm Lead
(RTTNews.com) - The win streak has hit three sessions for the Singapore stock market, which has collected almost 45 points or 1.5 percent along the way. The Straits Times Index now rests just above the 3,110-point plateau, and the market may add to its ... ( read original story ...)
Singapore's OCBC fourth-quarter profit slumps to three-yr low on bad debt charges
SINGAPORE Oversea-Chinese Banking Corp (OCBC.SI), Singapore's second-biggest lender, reported a bigger-than-expected 18 percent drop in quarterly net profit to the lowest level in three years, dragged down by a 57 percent jump in bad debt charges. ( read original story ...)
UPDATE 1-Singapore's OCBC Q4 profit slumps to 3-yr low on bad debt charges
SINGAPORE Feb 14 Oversea-Chinese Banking Corp , Singapore's second-biggest lender, reported a bigger-than-expected 18 percent drop in quarterly net profit to the lowest level in three years, dragged down by a 57 percent jump in bad debt charges. Singapore ... ( read original story ...)
Singapore's OCBC Q4 net profit falls 18 pct, bad debt charges rise
SINGAPORE Feb 14 Oversea-Chinese Banking Corp , Singapore's second-biggest lender, reported a bigger-than-expected 18 percent drop in quarterly net profit, dragged down by a 57 percent jump in bad debt charges. OCBC's net profit came in at S$789 million ($ ... ( read original story ...)
OCBC Q4 net profit down 18%, bad debt charges rise
SINGAPORE: Oversea-Chinese Banking Corp (OCBC), Singapore’s second-biggest lender, on Tuesday (Feb 14) reported a bigger-than-expected 18 per cent drop in quarterly net profit, dragged down by a 57 per cent jump in bad debt charges. OCBC's net profit ... ( read original story ...)
Singapore's OCBC says Q4 net interest income down 7%, notes oil & gas loan stress
Oversea-Chinese Banking Corp. (OCBC), Singapore's second largest listed bank, said net interest income fell 7 percent in the fourth quarter of 2016 to S$1.25 billion with net allowances for loans and other assets of S$305 million, a jump of 57% above S$193 ... ( read original story ...)
OCBC’s Q4 profit slumps to 3-yr low on bad debt charges
Singapore banks’ exposure to the stressed oil services sector and slowing loan growth due to slack regional trade are clouding prospects for the country’s lenders. OCBC CEO Samuel Tsien said the bank’s overall portfolio quality remained sound ... ( read original story ...)
Oil has strengthened, but Singapore banks not out of the woods yet
on Thursday and United Overseas Bank (Singapore Exchange: UOBH-SG) (UOB) a day later. "We expect the three banks' profitability in the fourth quarter to see negative pressure due to their exposure to the oil and gas sector. We see that the banks are not ... ( read original story ...)