Singapore banks including UOB have been suffering from weakness in the offshore service and marine engineering industry. The fall in oil prices has hit demand for the industry, damaging some companies' ability to pay back debt. The situation seems to be ... ( read original story ...)
HNA Seeks More Banks for Delayed Singapore Trust IPO
HNA Commercial REIT is seeking to add arrangers to its planned Singapore initial public offering as Bank of America Corp. walks away from the deal, people with knowledge of the matter said. The property trust, backed by embattled Chinese conglomerate HNA ... ( read original story ...)
Derivatives slump depresses Singapore Exchange’s annual profit
a government arm that runs an accreditation program for Singapore-based startups. The two parties will work together to attract companies keen on raising funds in an IPO. The exchange will facilitate pre-IPO funding and offer advice on the listing process. ( read original story ...)
UOB, OCBC report strong Q2 profit on higher lending income and fees
SINGAPORE — The first two of Singapore’s Big Three banks ... with earnings boosted by their lending businesses as well as fees and other income. United Overseas Bank (UOB) reported on Friday (July 28) that for the three months ended June 30, net ... ( read original story ...)
Singapore’s banking, finance sector filling tech roles fast
There were 3,150 unique online jobs in Singapore’s banking and finance industry during the second quarter, marking a 12% hike from the first three months this year, according to labor market intelligence provider JobTech. Hiring in the industry has seen ... ( read original story ...)
Wife sets up Smartly Singapore robo-advisor account
Smartly Singapore responded to our query emails and sent us the sign-up notification email with the referral code. Good job with this and appreciate the follow-up! Previously, I mentioned that I will be setting up the Smartly robo-advisor account since my ... ( read original story ...)
Amazon takes on Alibaba in Singapore, prepares to post earnings
Alexis Christoforous, Myles Udland and Andy Serwer discuss expectations for Amazon earnings on the day investors learned the company is offering Prime Now in Southeast Asia, where Alibaba and other competitors dominate. ( read original story ...)
Tech can help track money laundering, terror financing: MAS
Mr Chua told a financial crime seminar organised by the Association of Banks in Singapore that stepping up such efforts is ever more important today as criminals are constantly finding more creative ways to launder money, finance terrorism, or engage in ... ( read original story ...)
Rich Singapore Investors Stuck as Bond Restructuring Drags (2)
(Bloomberg) -- Keith Kueh was expecting Pacific Andes Resources Development Ltd. to pay back the company’s bonds last year so he could finance his son’s college bill and his own retirement. Now it’s 18 months after the Singapore-listed fishing ... ( read original story ...)
Changing Landscapes in the Singapore Retail Property Market
Singapore retail space vacancy rose to 7.7% in 1Q17 despite a 2.9% QoQ decline in price rentals. However, impact of retail headwinds may not be evenly felt across all malls. New supply of retail malls largely located in Outside Central Regions, in line ... ( read original story ...)
Singapore: Strong interest income boosts UOB’s net profit to S$845m
Singapore banking giant UOB performed strongly in the past quarter and managed to report a 5.5% increase in net earnings to S$845 million. In the past quarter, the group was supported by a robust net interest income, which increased 12% to S$1.36 billion. ( read original story ...)
UOB reports 5.5% rise in Q2 net profit
SINGAPORE - UOB Group reported net profit of S$845 million in the second quarter of 2017, an increase of 5.5 per cent than a year ago, largely due to growth in net interest income and fee and commission income. For the first half of 2017, net profit came ... ( read original story ...)
United Overseas Bank quarterly profit rises 5.5 percent to two-year high
SINGAPORE (Reuters) - Singapore's United Overseas Bank ... It was the bank's highest quarterly profit in nearly two years. UOB CEO Wee Ee Cheong said the performance was helped by broad-based growth in revenue streams, while the bank's asset quality ... ( read original story ...)
Singapore’s banking sector filling tech roles fast
There were 3,150 unique online jobs in Singapore’s banking and finance industry during the second quarter, marking a 12% hike from the first three months this year, according to labor market intelligence provider JobTech. Hiring in the industry has seen ... ( read original story ...)
Noble Group Plunges on Profit Warning as Coupon Payment in Focus
Noble Group Ltd. plummeted in Singapore after the embattled commodity trader warned ... a consultant and former head of global commodity trade finance at HSBC Holdings Plc, commenting before the S&P statement and the share plunge. “They have some debt ... ( read original story ...)
Exclusive: Saudi Aramco advisers favor London for historic IPO – sources
Slideshow (6 Images) As well as New York and London, Hong Kong, Singapore, Tokyo, Hong Kong and Toronto are ... (EVR.N), who had already been appointed as independent financial advisers. HSBC, JPMorgan and Moelis declined to comment, while Morgan Stanley ... ( read original story ...)