OCBC not sure worst of oil and gas NPL woes over

SINGAPORE: OCBC tackled concerns over bad loans, high expenses and dividends at its annual general meeting (AGM) on Friday. More than 1,200 shareholders attended the AGM at the Sands Expo and Convention Centre, where several asked if the bank was past the ... ( read original story ...)

OCBC faces shareholders questions on NPLs, executive pay at AGM

SINGAPORE - OCBC faced questions on asset quality outlook and rising costs at its latest annual general meeting on Friday (Apr 28). All three Singapore banks were impacted by their non-performing loan (NPL) exposure to the oil and gas sector. This remained ... ( read original story ...)

Singapore's UOB shares up after earnings beat expectations

Shares of Singapore banks led gains in the city state's benchmark index Friday after United Overseas Bank (UOB) reported better than expected first quarter earnings. In a pre-market filing to the Singapore Exchange, UOB said its first quarter net profit ... ( read original story ...)

Empty Pearl River Delta branches a check on HSBC's China plan

The (China) strategy should be pursued – but it is only one of many strategies for HSBC," said Hugh Young, Singapore-based fund manager at Aberdeen Asset Management, HSBC's 6th-largest shareholder. And what figures the bank has disclosed for 2016 are ... ( read original story ...)

Standard Chartered Marathon bids to join World Marathon Majors

SINGAPORE: The Standard Chartered Singapore Marathon (SCSM) announced its bid to join six of the largest and most renowned marathons in the world as an Abbott World Marathon Majors (WMM) event on Thursday (Apr 27). The WMM, which started in 2006 ... ( read original story ...)

Singapore Stock Market May Run Out Of Steam

The Singapore stock market has finished higher in five consecutive trading days, climbing more than 45 points or 1.5 percent along the way. The Straits Times Index now rests just beneath the 3,175-point plateau although the market is ripe for profit taking ... ( read original story ...)

Singapore aims to drive innovation with $1B fund

The Makara Innovation Fund (MIF) was set up by the Intellectual Property Office of Singapore (Ipos) and Makara Capital, which was a fund management firm under the purview of the Monetary Authority of Singapore. The new fund would "target high-growth ... ( read original story ...)