UOB reports 5.5% rise in Q2 net profit

SINGAPORE - UOB Group reported net profit of S$845 million in the second quarter of 2017, an increase of 5.5 per cent than a year ago, largely due to growth in net interest income and fee and commission income. For the first half of 2017, net profit came ... ( read original story ...)

Singapore’s banking sector filling tech roles fast

There were 3,150 unique online jobs in Singapore’s banking and finance industry during the second quarter, marking a 12% hike from the first three months this year, according to labor market intelligence provider JobTech. Hiring in the industry has seen ... ( read original story ...)

Noble Group Plunges on Profit Warning as Coupon Payment in Focus

Noble Group Ltd. plummeted in Singapore after the embattled commodity trader warned ... a consultant and former head of global commodity trade finance at HSBC Holdings Plc, commenting before the S&P statement and the share plunge. “They have some debt ... ( read original story ...)

Outlook for Asia’s Worst-Performing Currency Gets Grimmer

“We’ve taken a relatively more negative view of the peso in the last few months,” said Mitul Kotecha, head of Asian foreign-exchange and rates strategy in Singapore at Barclays ... analysts at HSBC Holdings Plc led by Paul Mackel in Hong Kong ... ( read original story ...)

DBS is first bank to introduce QR code payment in taxis here

Jeremy Soo, head of consumer banking group (Singapore), DBS Bank, said, "We are delighted to be providing commuters a simple and fast way to go cashless with ComfortDelGro Taxi." With this development, DBS/POSB is on track to have 60,000 QR code payment ... ( read original story ...)

Singapore Shares May Extend Winning Streak

(RTTNews.com) - The Singapore stock market has closed higher in two straight sessions, advancing more than 25 points or 0.7 percent along the way. The Straits Times Index now rests just above the 3,335-point plateau and it may add to its winnings on Thursday. ( read original story ...)

Bank earnings off to ‘positive start’ in this financial hub

Banking stocks in one of the world's top financial hubs rallied on Thursday after its second-largest lender reported quarterly earnings that handily beat estimates. Singapore's Oversea-Chinese Banking Corp (OCBC), kicking off results season for the city ... ( read original story ...)

OCBC Shares Rise to Record as Profit Beats Estimates, ROE Climbs

OCBC, the first of the three large Singapore banks to report quarterly earnings, saw gains in its wealth management and insurance businesses in the first three months of the year, helped by its $227.5 million acquisition of Barclays Plc’s wealth units in ... ( read original story ...)