World Bank’s International Finance Corporation (IFC) said it would invest $25 million (Rs 185 crore) in the fourth fund ... ( read original story ...)
Singapore’s DBS reverses COVID woes with record Q1 profit
Southeast Asia's largest lender, DBS Group Holdings, on Friday reported a 72% surge in net profit for the three months ending in March, keenly eyeing a strong recovery in 2021 after a tough year last ... ( read original story ...)
Singapore banks gear up to promote green finance
Singapore banks are busy rolling out various loan packages amid the coronavirus pandemic to shore up the role of green finance in the city-state. ( read original story ...)
Singapore Passes Libor Exit Milestone With $128 Billion at Stake
Singapore banks are pressing on in their transition away from the discredited London interbank offered rate as financial centers around the world are facing deadlines to move off Libor-priced loans ... ( read original story ...)
Singapore’s largest bank DBS sees profit soar 72% to a record $1.5 billion
DBS Group Holdings said net profit reached a historic high of 2.01 billion Singapore dollars ($1.52 billion) in the first quarter of 2021. ( read original story ...)
Singapore’s DBS bank sets first quarter profit record; bad loans are at pre-pandemic levels
"Results are in line with recent optimistic outlook given by Singapore's three banks, but importantly, the low credit costs were to reverse previously very prudent aggressive fron ... ( read original story ...)
Standard Chartered considers slashing S’pore office space
SINGAPORE: Standard Chartered Plc is weighing options to downsize its office space in what could become the biggest floor cuts by a bank in Singapore in recent years, according to people familiar with ... ( read original story ...)
DBS Q1 profit surges 72% to record $2.01 billion; flags strong year ahead
Its business fired on all fronts with faster loan growth and record fee income.. Read more at straitstimes.com. ( read original story ...)
DBS Q1 profit surges 72% to record, flags strong growth
SINGAPORE: DBS Group trumped market estimates with a 72 per cent rise in quarterly net profit to a record high, as the bank benefited from strong ... ( read original story ...)
News Analysis: Singapore banks gear up to promote green finance
Singapore banks are busy rolling out various loan packages amid the coronavirus pandemic to shore up the role of green finance in the city-state. The latest drive came from DBS Bank, Singapore's ... ( read original story ...)
OCBC says it ‘may not need so many branches’ with plans to review office space
SINGAPORE: Singapore’s second largest bank OCBC will be reviewing its office space requirements, including the number of bank branches it has, ... ( read original story ...)
Singapore: Labour market improves in Q1 – UOB
Economist at UOB Group Barnabas Gan assesses the recent figures from the labour market in Singapore. Key Quotes “Singapore’s labour market improves further in the first quarte ... ( read original story ...)
LinkedIn: OCBC, Standard Chartered and Unilever are the top three companies to work for in Singapore
Standard Chartered Bank and consumer goods company Unilever are the top three companies to work for, according to LinkedIn’s 2021 list of top companies in Singapore. The professional networking site ... ( read original story ...)
Olam buys US spice group Olde Thompson as it weighs food ingredients IPO
Olam International has bought US spice company Olde Thompson for almost $1bn as the Singapore-based agricultural trading house looks to list its food ingredient business. The company announced a split ... ( read original story ...)
JPMorgan teams with Singapore’s DBS and Temasek to form a blockchain payment platform
JPMorgan Chase announced it is teaming up with Singapore's DBS Group and Temasek to form a blockchain payments platform. The platform aims to ease frictions for cross-border payments, trade, and ... ( read original story ...)
Standard Chartered bank considers slashing Singapore office space: Sources
This could become the biggest floor cuts by a bank in Singapore in recent years.. Read more at straitstimes.com. ( read original story ...)