Singapore UOB’s Q4 profit falls 6% in 2016

SINGAPORE: United Overseas Bank (UOB) beat expectations in the fourth quarter, thanks to its capacity to limit damage from souring loans to the beleaguered oil and gas sector. Net profit for the three months to Dec 31 was down 6.2 per cent from a year ... ( read original story ...)

Singapore, Hong Kong restart dual-class push as rivals snag IPOs

Singapore is a few steps ahead. Prime Minister Lee Hsien Loong last week gave his approval to dual-class shares and other measures proposed by a panel to drive economic growth. The city-state’s stock exchange yesterday started a public consultation, a ... ( read original story ...)

Singapore Savings Bond programme exceeds $1b

The Monetary Authority of Singapore announced that the Singapore Savings Bond ... MAS noted that there is a significant number of investors that have applied for SSBs online through DBS/POSB's Internet Banking portal, besides the ATMs of DBS/POSB, OCBC ... ( read original story ...)

Remembering The People’s President Ong Teng Cheong

At that time, the POSB had a legal status as a statutory board and whose ... The answer is no. My loyalty is first and foremost, to the people of Singapore. It has always been so, and will always remain so. This was more than just cheap talk – it was ... ( read original ...