you can also read about the best car loans that you can get in Singapore and how much they cost on average. 1. Decide Whether Your Budget Can Afford A Car As cars are so expensive, a majority of buyers take a bank loan to finance their purchase. ( read original story ...)
UOB set to gain from NIM widening
The bank's NIM could widen by 1.78% this year. Singapore banking giant UOB is set to yield from the expected widening of net interest margins (NIM) this year, according to RHB Research. The firm said this would come as the Singapore Interbank Offered Rate ... ( read original story ...)
Rebound Tipped For Singapore Stock Market
(RTTNews.com) - The Singapore stock market gave up just a pair of points on Wednesday - but that was enough to halt the four-day winning streak in which it had gained more than 40 points or 1.3 percent. The Straits Times Index now rests just beneath the ... ( read original story ...)
Hong Kong bourse eyes new market in fight with Singapore over IPOs
Enticing global tech companies has thus become a strategic move for Singapore to lift its IPO market and close its gap with Hong Kong ... The Hong Kong bourse is likewise hoping to diversify its stock offerings on both geographical and sector bases ... ( read original story ...)
Singapore Bourse May Add To Winnings On Wednesday
(RTTNews.com) - The win streak has hit four sessions now for the Singapore stock market, which has picked up more than 40 points or 1.3 percent along the way. The Straits Times Index now rests just above the 3,040-point plateau, and the market is looking ... ( read original story ...)
Chart of the Day: Singapore banks' NPL ratios higher than their global peers'
OCBC has the highest proportion of overseas NPLs. According to Moody's Investors Service, driven by the Singapore banks' diverse geographic mix, particularly in higher risk markets in other parts of Southeast Asia and Greater China, the banks’ NPL ratios ... ( read original story ...)
'Inflated' condo loans: UOB drops suit against some
There has been a significant development in the civil suit that United Overseas Bank (UOB) took out against developer Lippo Marina Collection (LMC) and seven individuals. UOB has dropped five defendants from its suit - over allegedly inflated loans to ... ( read original story ...)
A former regulator talks speed and special interests in the stock market
Market prices are not less reliable, and trading continues as before with the exception that brokers and their investor customers can now choose a stock exchange that puts their interests first. In fact, publicly available trade data shows that IEX ranks ... ( read original story ...)
Win Streak May End For Singapore Stocks
(RTTNews.com) - The Singapore stock market has finished higher now in three straight sessions, gathering more than 25 points or 0.8 percent along the way. The Straits Times Index now rests just above the 3,025-point plateau, although investors may cash in ... ( read original story ...)
DBS : launches first-of-its-kind online Letter of Credit service
DBS has launched a new service that allows SMEs to apply for a Letter of Credit (LC) online within five minutes and have it issued within two business days. A first in Singapore, the service makes it simpler and faster for SMEs to apply for trade finance ... ( read original story ...)
Singapore bank offers online chat banking
Singapore bank POSB has launched online chat functionality that understands and reacts to its customers’ spoken language. It is the latest bank to harness artificial intelligence (AI) to automate customer interactions with the POSB digibank Virtual ... ( read original story ...)
Singapore and Indonesia stand out for IT spend in Apac banking sector
Singapore’s banking and securities industry will have the highest growth in IT spend among developed economies in Asia-Pacific in 2017, while Indonesia will have the highest overall growth rate in the region, according to research. By submitting your ... ( read original story ...)
SCB said to be seeking bids for insurance arm
SINGAPORE - Siam Commercial Bank Plc (SCB) has begun to formally seek bids for its life insurance business in a sale that could raise about 106 billion baht ($3 billion) for the country's third-biggest lender, said people with knowledge of the process. ( read original story ...)
Citi moves goalposts on retail banking monthly fees
CITIBANK Singapore has tripled the amount of money that its mass retail clients have to tie to their accounts to avoid incurring a monthly fee, sharpening its focus on the "emerging affluent" market. The US bank told customers that it has standardised its ... ( read original story ...)
Win Streak May Continue For Singapore Stocks
The Singapore stock market has moved higher in back-to-back sessions, gathering more than 10 points or 0.3 percent along the way. The Straits Times Index now rests just above the 3,010-point plateau, and the market may extend its gains on Monday. ( read original story ...)
Singapore stocks end up 0.1 percent
But sentiment in the market remained cautious after U.S ... investment guru George Soros that the euphoria among stock investors since Trump’s victory will end as uncertainty takes over. Singapore’s benchmark Straits Times Index inched up 2.86 points ... ( read original story ...)