(RTTNews.com) - The Singapore stock market has closed higher in two straight sessions, advancing more than 25 points or 0.7 percent along the way. The Straits Times Index now rests just above the 3,335-point plateau and it may add to its winnings on Thursday. ( read original story ...)
Bank earnings off to ‘positive start’ in this financial hub
Banking stocks in one of the world's top financial hubs rallied on Thursday after its second-largest lender reported quarterly earnings that handily beat estimates. Singapore's Oversea-Chinese Banking Corp (OCBC), kicking off results season for the city ... ( read original story ...)
Singapore’s OCBC quarterly profit jumps to three-year high on wealth management
SINGAPORE (Reuters) - Singapore's Oversea-Chinese Banking Corp (OCBC.SI) quarterly net profit beat expectations with a 22 percent jump to its highest level in almost three years, boosted by its wealth management and insurance business. Kicking off the ... ( read original story ...)
OCBC Shares Rise to Record as Profit Beats Estimates, ROE Climbs
OCBC, the first of the three large Singapore banks to report quarterly earnings, saw gains in its wealth management and insurance businesses in the first three months of the year, helped by its $227.5 million acquisition of Barclays Plc’s wealth units in ... ( read original story ...)
Mandarin Orchard Singapore Unveils Mooncakes By Renowned Executive Sous Chef
Mandarin Orchard Singapore proudly unveiled an exquisite selection of mooncakes ... and 20% discount thereafter. Bank of China, Citibank, Maybank, Standard Chartered and UOB credit card holders enjoy 20% discount during the early bird period and 15% ... ( read original story ...)
Singapore Coffee Festival: Enjoy good coffee while doing good
Singapore Coffee Festival 2017 is not just about enjoying the ... 10am to 3.30pm and 4.30pm to 10pm ADMISSION: $22, $18 (DBS and POSB cardholders, ST subscribers) ( read original story ...)
Standard Chartered Bank fights to recover Sh500m from Singapore
A bank is fighting to recover Sh540 million it wired to an account in Singapore after the client denied ever giving instructions for the transaction. Standard Chartered Bank landed in trouble after Kenya’s Vivo Energy disowned the order that saw the ... ( read original story ...)
Standard Chartered adds Ryan Cuthbertson to securities services team
He has experience in broker clearing, and in direct and international custody fields, working in Australia, Singapore, Hong Kong and the UK. According to Standard Chartered, the appointment is part of a wider investment into the securities services business. ( read original story ...)
Set up a business in a day with DBS’ new online portal
DBS bank has launched an online service that lets entrepreneurs ... They can get hands-on support to set up their online store and create online content from students in Singapore Polytechnic's Diploma in Media and Communication and Diploma in Business ... ( read original story ...)
7 ways OCBC Cycle is more Singaporean than laksa
6. YOU GET TO SHOP TILL YOU DROP It wouldn’t be a Singapore event if you couldn’t indulge in retail therapy. Spread over 4,000sqm — an area that’s bigger than 30 five-room HDB flats — Expo @ OCBC Cycle brings some of cycling’s leading lights ... ( read original story ...)
Investment banking in Singapore is awful. I wish I were working for a start-up
I’ve worked in Singapore investment banking for 14 years, but I think the sector is well past its prime. http://news.efinancialcareers.com/sg-en/255615/mistakes-made-by-bankers-in-asia/ For many fresh graduates in Singapore, investment banking still ... ( read original story ...)
DBS’ digital-aha moment: “We are going to die if we don’t digitise”
When it came to embracing digital, it was “do or die” for DBS. The bank which now labels itself as the Digital Bank of Singapore says the “aha moment” came at a board meeting in 2013, after a deal with an Indonesian bank fell through. It was also a ... ( read original story ...)
Rich Singapore Investors Stuck as Bond Restructuring Drags
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 company didn’t ... ( read original story ...)
Rich Singapore investors stuck as local bond restructuring drags
SINGAPORE — Mr 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 ...)
Cheat Sheet: What Are The Common Investment Products in Singapore?
Examples: Singapore Savings Bonds, US 30 Year Treasury Bonds ... In the meantime, you can either join our personal finance Facebook group where we discuss beginner’s questions and basic financial literacy or you can read more about our Seedly Money ... ( read original story ...)
Let’s copy Singapore, or at least the best part of its approach to fintech
Hong Kong should take a closer look at Singapore and the success it has had in attracting peer-to-peer lender Lufax. Unlike Hong Kong’s multi-layered regulatory structure, Singapore has set up its fintech regulatory oversight in a much simpler approach ... ( read original story ...)