SINGAPORE - The last Year of the Dog in 2006 brought bounty for savvy share investors, as it saw the biggest stock market boom in over a decade. The coming Year of the Dog should also be fruitful for investors, The Straits Times' senior correspondent Goh ... ( read original story ...)
Biggest stock collapse in world history has no end in sight
“It’s going to be tough times ahead for PetroChina,” said Toshihiko Takamoto, a Singapore-based money manager at Asset Management One, which oversees about $800 million in Asia. “Why would anyone want to buy the stock when it’s trading for more t ... ( read original story ...)
A Breakdown of United Overseas Bank Ltd’s Loan Portfolio
United Overseas Bank Ltd (SGX: U11) is one of the three main local banks listed in Singapore. As a lender, UOB is exposed to credit risk, amongst other forms of risk. In simple terms, credit risk is the risk of borrowers defaulting on their loans. ( read original story ...)
British Airways Offers Flight Deals Specially For UOB Cardholders
UOB cardholders can get to their Christmas destinations with prices as low as $1,105 per person, including the popular Singapore-London route for just $1,198. If Christmas markets are right up your alley, British Airways has rounded up its top destination ... ( read original story ...)
The Week Ahead: Can UOB Outshine OCBC?
In July, UOB posted a 5.5% rise in second-quarter net profits ... StarHub (SGX: CC3) will also be in the spotlight next week. In August, Singapore’s second-biggest telecom operator posted a 1% drop in second-quarter revenues. But net profits slumped ... ( read original story ...)
Will DBS protect clients’ interests
DBS, the largest bank in both Southeast Asia and Singapore, could be using the acquisition of foreign banks as a shortcut to accelerate growth. In 2013, DBS cancelled its plan to buy Indonesia’s Bank Danamon. One year later, it acquired French ... ( read original story ...)
Singapore stocks gain for third day; OCBC Bank hits record high
Singapore stocks gained for a third day on Friday, led by lenders such as Overseas-Chinese Banking Corp on strong results while positive Asian cues also boosted risk appetite. Stocks in Asia extended gains after a batch of strong earnings from Alphabet ... ( read original story ...)
Singapore Exchange Chief Hopes to Win World’s Biggest IPO
Singapore Exchange Ltd.’s chief executive officer said his company is still in the running to win a listing of the shares of oil giant Aramco, in what could be the world’s biggest initial public offering. “We’re as good as any other exchange ... ( read original story ...)
MindChamps inks deals ahead of Singapore IPO
MindChamps PreSchool has inked agreements with Chinese investors ahead of a planned initial public offering (IPO) on the mainboard of the Singapore Exchange. MindChamps, the largest operator and franchiser of premium-range pre-school centres in Singapore ... ( read original story ...)
Daily Briefing: MAS warns Singapore to prepare for inflation growth; Wealth management drives banks’ profits
Singapore’s central bank chief said while inflation is still well below the historical average, policy makers need to be proactive if a stronger economy results in a pickup in price pressures. Inflation will climb at some point if economic growth ... ( read original story ...)
Singapore stocks rise to two-month highs, Malaysia equities decline
helped by a rally in Genting Singapore. Oversea-Chinese Banking Corp. edged higher after third-quarter earnings exceeded estimates. Malaysia shares fell ahead of the presentation of the 2018 budget. Singapore's FTSE Straits Times index rose 0.4% to 3,356.25. ( read original story ...)
20-something Singapore bankers now far too frightened to move firms
As profit margins fall, young bankers in Singapore are worried about the risks of moving to a new employer. https://news.efinancialcareers.com/sg-en/213178/this-is-what-your-private-banking-salary-and-bonus-should-be-in-singapore/ If you’re an ... ( read original story ...)
Singapore Central Bank Chief: No Regulation for Cryptocurrencies
The chief of Singapore's central bank has indicated it will not regulate cryptocurrencies, but plans to stay watchful on the risks posed by the technology. In an interview with Bloomberg, Ravi Menon, managing director of Monetary Authority of Singapore ... ( read original story ...)
Oversea Chinese Banking : OCBC Third Quarter Profit Grows 12% on Year
SINGAPORE--Oversea-Chinese Banking Corp. Ltd. reported Thursday a 12% rise on year in its third quarter net profit as higher interest rates helped income. Net profit in the July-to-September quarter was 1.06 billion Singapore dollars (US$779 million ... ( read original story ...)
Singapore stocks shake off weak Asia; OCBC subdued after results
Overseas-Chinese Banking Corp rose 0.1 percent, United Overseas Bank gained 0.2 percent and DBS Group Holdings added 0.3 percent. Shares in Singapore's second-largest lender Oversea-Chinese Banking Corp were sluggish after its nonperforming assets rose 15 ... ( read original story ...)
Singapore’s OCBC third-quarter profit up 12 percent; flags stress in oil and gas sector
SINGAPORE (Reuters) - Singapore's Oversea-Chinese Banking Corp reported a 12 percent increase in quarterly net profit, boosted by growth in its insurance and wealth management businesses, but highlighted continued stress in the oil and gas ... ( read original story ...)