As ByteDance IPO rumours swirl, the company’s TikTok app continues to grow its user-base at an astounding rate. ( read original story ...)
Singapore bank OCBC first-quarter profit slumps to seven-year low, builds loan-loss defences
Chinese Banking Corp more than doubled its loan loss provisions due to the coronavirus and warned of a "very uncertain" economic outlook, as it posted a 43% plunge in first-quarter net profit on ... ( read original story ...)
Singapore oil trader ZenRock involved in ‘dishonest’ deals, says HSBC
HSBC Holdings alleged Singapore oil trader ZenRock Commodities Trading Pte Ltd was involved in a series of "highly dishonest transactions" that included the company using the same cargo of oil to ... ( read original story ...)
Singapore bank OCBC’s Q1 profit tumbles 43% to 7-yr low on virus charges
Oversea-Chinese Banking Group's first-quarter net profit slumped 43% to its lowest level in seven years as Singapore's second-largest lender more than doubled its loan loss charges due to the ... ( read original story ...)
Singapore lender OCBC’s first-quarter profit slumps 43% on coronavirus charges
Oversea-Chinese Banking Corp reported a 43% fall in first-quarter net profit, worse than market estimates, as Singapore's second-largest lender set aside higher credit allowances to cover the impact ... ( read original story ...)
HSBC seeks to place Singapore oil trader ZenRock under judicial management: Sources
HSBC Holdings has filed an application to the Singapore High Court to place ZenRock Commodities Trading under judicial management, three people familiar with the matter said on Wednesday (May 6).. ( read original story ...)
Charles Li moves on in surprise announcement to step down in 18 months as chief executive of Hong Kong’s stock exchange
Charles Li, one of the longest-serving chief executives of a global financial marketplace, has thrown in the towel after more than a decade as head of the Hong Kong stock exchange (HKEX), in a ... ( read original story ...)
Here’s How P/E Ratios Can Help Us Understand Singapore Press Holdings Limited (SGX:T39)
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply ... ( read original story ...)
What Is Q & M Dental Group (Singapore)’s (SGX:QC7) P/E Ratio After Its Share Price Rocketed?
Q & M Dental Group (Singapore) (SGX:QC7) shareholders are no doubt pleased to see that the share price has had a ... ( read original story ...)
HSBC seeks judicial management for Singapore’s Zenrock Commodities – sources
HSBC Holdings PLC has filed a court application to place oil trader Zenrock Commodities Trading Pte Ltd under judicial management over non-payment of dues and other issues, four people familiar with ... ( read original story ...)
HSBC Targets Singapore Oil Trader as Credit Concerns Escalate
HSBC Holdings PLC took steps to oust the management at a Singapore oil trader as Europe’s biggest bank seeks to limit potential credit losses from the sector following the collapse of Hin Leong ... ( read original story ...)
Singapore bank UOB’s first-quarter profit falls to two-year low, raises impairment charges
Singapore's United Overseas Bank reported a smaller-than-expected 19% drop in first-quarter net profit on Wednesday, but it increased impairment charges to reflect worsening economic conditions due to ... ( read original story ...)
Singapore: A likely sharp contraction – Standard Chartered
Economists at Standard Chartered Bank downgrade the 2020 GDP growth forecast for Singapore to -9.6% from -3.1% previously. USD/SGD is trading at 1.4141. Key quotes “We downgrade ... ( read original story ...)
OCBC share price: 3 key considerations ahead of Q1 earnings
When will OCBC’s Q1 2020 financial results be released? Singapore bank Oversea-Chinese Banking Corp (OCBC) is set to announce its first quarter 2020 earnings for the three months ended 31 March 2020, ... ( read original story ...)
UOB launches UOB My Digital Space education programme for disadvantaged children across the region
United Overseas Bank (UOB) today launched UOB My Digital Space, a multi-year education programme to bridge the digital gap for children from disadvantaged backgrounds across the region and to connect ... ( read original story ...)
Singapore-based logistics firm Ninja Van raises $279 mln
E-commerce delivery firm Ninja Van said it raised $279 million in funding from investors including Facebook co-founder Eduardo Saverin's B Capital and ride-hailing firm Grab as the COVID-19 pandemic ... ( read original story ...)