SINGAPORE: DBS and OCBC saw a fall in third-quarter net profit as they set aside more allowances against potential bad loans amid the coronavirus pandemic, joining United Overseas Bank which reported ... ( read original story ...)
Green finance seen as key in S’pore’s climate change fight
To ensure economic growth and fight climate change at the same time, Singapore needs to leverage green finance and mobilise capital for low-carbon investments, said Minister of State for ... ( read original story ...)
OCBC Centre and Tampines restaurant visited by infectious Covid-19 patients
OCBC Centre in Raffles Place and a restaurant in Tampines were visited by coronavirus patients while they were infectious, said the Ministry of Health on Thursday (Nov 5).. Read more at ... ( read original story ...)
How billionaire Jack Ma fell to earth and took Ant’s mega IPO with him
Tell that to Jack Ma. Corporate China’s shiniest star was just days away from seeing his Ant Group list on the stock market in a record $37 billion deal, when he chose to launch a blistering public ... ( read original story ...)
Singapore banks fail to soar despite economic reopening
UOB on Wednesday turned in the weakest results among the three Singapore lenders, with its net profit for July to September at SG$668 million -- a 40% decline on-year. It noted small signs of ... ( read original story ...)
Singapore lender UOB’s Q3 profit skids 40% as loan loss provisions rise
United Overseas Bank Ltd UOBH.SI reported a 40% drop in quarterly profit on Wednesday as Singapore's third-largest-listed lender bulked up loan loss provisions in pandemic-hit markets and its net ... ( read original story ...)
UOB profit slides 40% on higher bad loan provisions
United Overseas Bank (UOB) posted a 40 per cent drop in third-quarter net profit to $668 million, from $1.12 billion a year earlier, as it built up on allowances for potential bad loans amid the Covid ... ( read original story ...)
Singapore Re-Opening Plan Ditches Quarantine for Tests, Ratios
(Bloomberg) -- Singapore is using a plan involving ratios and testing to open its borders to as many international visitors as possible based on their home country of risk, Minister for Trade and ... ( read original story ...)
Singapore’s Financial Services Sector Is on the Brink of Disruption following COVID-19 Outbreak, According to Fintech Industry Professional
Singapore's financial services sector is on the brink of disruption, according to Singapore Fintech Association President. ( read original story ...)
How Singapore’s QQQ Capital Management became the world’s best performing hedge fund with bets on Chinese education firms
Mainland born Qian Yongqiang turns his Singaporean firm into the world’s best performing hedge fund with returns of 275 per cent this year. ( read original story ...)
Singapore banks trounce third-quarter profit estimates, wealth management shines
Chinese Banking Corp , posted lower than expected declines in third-quarter profit on Thursday on the back of strength in their wealth management businesses. ( read original story ...)
Ant’s IPO delay represents a bigger concern than U.S. election uncertainty, says investor
The abrupt suspension of Ant Group's initial public offering in Shanghai and Hong Kong has greater impact for Asia than the U.S. election result, says CIO of Reyl Singapore. ( read original story ...)
Former Global Head of Trade Finance, Farooq Siddiqi, joins fintech platform #dltledgers as CEO
PRNewswire/ -- Leading cross-border trade digitisation platform #dltledgers has hired veteran banker Farooq Siddiqi as ... ( read original story ...)
UPDATE 1-Singapore lender DBS third-quarter profit skids 20%, OCBC’s profit falls 12%
DBS Group Holdings Ltd , Southeast Asia's biggest lender, reported a 20% fall in third-quarter profit on Thursday, hit by lower net interest income, but the results came above market estimates. ( read original story ...)
Abrupt halt to Ant IPO stuns investors in S’pore and abroad
Investors in Singapore and globally were stunned by the abrupt suspension of Ant Group's listing on the Shanghai Stock Exchange (SSE) less than two days before the world's largest initial public ... ( read original story ...)
Investment veterans’ SPAC Tiga Acquisition files for a $200 million IPO
The article Investment veterans' SPAC Tiga Acquisition files for a $200 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com. Investment ... ( read original story ...)