SINGAPORE — DBS Group achieved record net profit of S$2.35 billion for the first half of 2017, up 4 per cent a year ago. Total income reached a half-year high of S$5.81 billion as broad-based loan growth and record fee income offset the impact of a lower ... ( read original story ...)
DBS cuts allowances to $224m
Second quarter figure reduced by 17% but oil and gas provisions could rise. Singapore’s DBS Group has warned that oil and gas provisions could rise this year, despite overall allowances being cut 17% in the second quarter. The Singapore lender said ... ( read original story ...)
Singapore’s 3 major banks enjoy higher quarterly profits
SINGAPORE -- The three top banks in Singapore posted net profit growth for the April-June quarter, driven by strength in both lending and fee income. DBS Group Holdings, the biggest player in the country, on Friday announced an 8% year-on-year profit jump ... ( read original story ...)
Canara Bank hits overseas bond market with USD 400-million issue
which will be drawn through its London branch and will be listed on the Singapore Stock Exchange," merchant banking sources told PTI. The Bangalore-based bank has hit the forex debt market after a long gap. Foregin rating agency Moody's has assigned a Baa3 ... ( read original story ...)
Canara Bank’s $400-mn bond issue hits overseas market
which will be drawn through its London branch and will be listed on the Singapore Stock Exchange,” merchant banking sources told PTI. The Bengaluru-based bank has hit the forex debt market after a long gap. Foregin rating agency Moody’s has assigned a ... ( read original story ...)
Singapore Update: Progressive Developments in the Patents Regime in Singapore
The Intellectual Property Office of Singapore (IPOS) has launched a new service which will give the public improved access to patent documents in Singapore and has also released a number of proposals to enhance Singapore’s patents regime. Improved access ... ( read original story ...)
Mahindra Logistics files for up to $110 mn IPO
The IPO is likely to raise about Rs 650-700 crore ($102-110 million ... Kedaara Capital was founded in 2011 by Manish Kejriwal, the former India head of Singapore state investment fund Temasek, and Sunish Sharma and Nishant Sharma, the former managing ... ( read original story ...)
SCIC to sell over 48 million Vinamilk shares
Last year, SCIC sold 5.4 per cent of Vinamilk to the Singapore-listed, Fraser and Neave Ltd ... and distribution arm to other investors via an initial public offering (IPO). According to the Nikkei Asian Review, the sales of the distribution and retail ... ( read original story ...)
Atlantis Resources’ head of corporate finance to become CFO
The latter is the current head of corporate finance at the group and has been with Atlantis since before its IPO (initial public offering ... as we have transitioned the finance department from Singapore to Edinburgh, where he has built a highly competent ... ( read original story ...)
Bailout is only way out for 1MDB, says Pua
Pua, the opposition’s chief critic on 1MDB affairs, said this was because banks around the world would refuse to be involved with the “investment fund units” which 1MDB said would help finance the ... “In fact, the Singapore courts also confirmed ... ( read original story ...)
In Manila this week, ASEAN faces difficult balance between US and China
According to Vermonte, ASEAN member countries should contribute more to finance the region’s activities ... ASEAN Studies Centre of the Institute for Southeast Asian Studies in Singapore. Termsak said that its policies should not supplant the national ... ( read original story ...)
Big turnout as Singapore Coffee Festival opens to public
SINGAPORE COFFEE FESTIVAL WHERE ... 10am to 3.30pm and 4.30pm to 10pm ADMISSION: $22, $18 (DBS and POSB cardholders, ST subscribers) INFO: Go to www.sgcoffeefestival.com ( read original story ...)
More variety at the Singapore Coffee Festival
It may have been a work day, but the Singapore Coffee Festival 2017 saw a steady stream ... Each session, which has different activities, costs $22, or $18 for DBS and POSB cardholders and Straits Times subscribers. ST subscribers who flash their ST+ ... ( read original story ...)
Jail, cane for man who used nude photos to extort from girlfriend
Investigation showed that sometime in August 2014, Cheong aided in illegal moneylending - he had handed over his POSB ATM card and personal identification number linked to the account to a woman named Jojo for use in connection with her loansharking business. ( read original story ...)
4 Types of Savings Accounts Singaporeans Should Consider Opening
While POSB and DBS tend to have the most ATM machines ... You can easily find out more details on savings accounts in Singapore with at MoneySmart’s Savings Account comparison page. In my previous life, I was a property lawyer who spent most of my ... ( read original story ...)
Trade visitors get to learn from cafe experts in exclusive first look
The Singapore Coffee Festival 2017 kicks off today at the Marina ... Each session costs $22, or $18 for DBS and POSB cardholders and ST subscribers. Today's line-up for trade visitors kicks off at 11am with a talk titled What's Behind A Great Coffee ... ( read original story ...)