Singapore’s DBS says no more provisions for oil and gas

SINGAPORE -- Singapore's largest lender by asset DBS Group Holdings' Chief Executive Piyush Gupta said on Monday that the bank has "cleaned" its oil and gas loan book and expects no more provisions, after it reported a 25% decline in July-September net ... ( read original story ...)

Gaming firm Razer prices IPO near top end, raises S$719m: IFR

HONG KONG - Razer Inc, a Singapore gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka-shing, has priced its initial public offering (IPO) near the top end of the range, raising HK$4.12 billion (S$719.2 million), IFR reported on ... ( read original story ...)

554 new jobs at Singapore banks as headcount surges

... news.efinancialcareers.com/sg-en/299595/banks-singapore-analysts-associates/ Headcount at Singapore’s local banks has risen by 554 over the past 12 months, because of new hiring at UOB and post-takeover staff integration at DBS, partly offset by a ... ( read original story ...)

OCBC enables Face ID banking for customers

OCBC has become the first bank in Singapore to enable Face ID facial recognition technology for customers to make payments or view their bank account, credit card and investment information. OCBC has rolled out the enhancement to its consumer and business ... ( read original story ...)

DBS’s Overflowing Kitchen Sink

He has also worked for the Straits Times, ET NOW and Bloomberg News. If tropical Singapore had seasons, what its biggest bank just did would qualify as spring cleaning. DBS Group Holdings Ltd. is finally taking the broom to its exposure to troubled ... ( read original story ...)

Singapore is losing Indonesian tourists

Tourist arrivals from Mainland China outpaced arrivals from Indonesia. Tourist arrivals from Mainland China to Singapore contributed 18.2% to total visitor arrivals, making the country the largest source market for tourism, JLL revealed. According to its ... ( read original story ...)

Unlock OCBC app with Face ID

It is the first bank in Singapore to launch this service for Apple customers. This service - known as OCBC OneLook - will use Apple's Face ID facial recognition technology to enable payments or the viewing of bank account, credit card and investment ... ( read original story ...)

The Week Ahead: Can DBS Trump OCBC and UOB?

We are about to enter the final stretch of the Singapore earning season. More than a dozen Straits Times Index (SGX: ^STI) are pencilled in for results next week. Airport-services outfit SATS (SGX: S58) recently announced a tie-up with Malaysian-based ... ( read original story ...)

Singapore Stock Market Index FTSE STI To Break Out In 2018?

The stock market index of Singapore, the FTSE STI, seems poised for a multi-year break out, and it could happen as early as the first days of 2018. Let’s take a look into this. Ever since Singapore which is the smallest country in South-East Asia ... ( read original story ...)

Thomas Kupfer: «Singapore Taps Swiss Banking’s History»

Switzerland served as a model for Singapore in the past, but the two have now shifted into a more balanced relationship – especially in the finance industry, Swiss ambassador Thomas Kupfer writes in an exclusive essay for finews.first. finews.first is a ... ( read original story ...)

Singapore Probes Goldman Sachs Executives Over 1MDB

Singapore authorities are probing the dealings of Goldman Sachs with the Malaysian state investment fund commonly known as 1MDB, according to a media report. The bank raised some $6 billion for the fund, meant for development projects. Investigators at ... ( read original story ...)

What Could Cause Market Volatility in the Coming Months?

As most of us know, interest rates and stock market valuations should be inversely related, meaning as interest rates rise, stocks, in theory, should depreciate. In Singapore, interest rates have also risen in the past few years, starting from just 0.25% ... ( read original story ...)

DBS launches largest banking API developer platform

DBS Bank has launched the world’s largest banking application ... It revealed that there are 155 APIs at launch for Singapore across over 20 categories such as rewards, real-time payments, PayLah! and fund transfers. “More categories will be added ... ( read original story ...)