At that time, the POSB had a legal status as a statutory board and whose ... The answer is no. My loyalty is first and foremost, to the people of Singapore. It has always been so, and will always remain so. This was more than just cheap talk – it was ... ( read original ...
Ong Teng Cheong, S’pore’s people’s president, passed away 15 years ago
In his later years, he also opposed the sale of POSB (Post Office Savings Bank) to DBS (The Development Bank of Singapore) in 1998 during his last year in office. He felt that the sale was procedurally inappropriate and did not regard the president’s ... ( read original story ...)
PARKROYAL On Kitchener Road Crabs & Lobsters Buffet Is Back Until 30 April
UOB, DBS, POSB, Maybank and HSBC Cardholders promotion: S$129 for 2 Adults (minimum four persons to dine) All prices quoted are subject to GST and service charge. For reservations, call: +65 6428 3160 or email spicebrasserie.prskt@parkroyalhotels.com. ( read original story ...)
App for cashless payment at Koufu food court gets mixed response
SINGAPORE — A new app that helps customers cut down on time ... The one-time set-up is done by entering the particulars of the user’s DBS or POSB credit or debit card, or with the DBS PayLah! mobile app. Jimmy Shin, 21, a student intern, offered ... ( read original story ...)
UOB's Q4 net profit fell 6.2% amid hit from oil industry exposure
Singapore's United Overseas Bank (UOB) reported on Friday its earnings for the fourth quarter slipped 6.2 per cent on-year to S$739 million. For the quarter, net interest income was stable at S$1.28 billion, with strong loan growth offset by a 10 basis ... ( read original story ...)
UOB Q4 profit drops 6%, better than expected, on lower total provisions
SINGAPORE - United Overseas Bank ... and the S$730.2 million forecast in a Bloomberg survey. UOB's net profit for the three months to Dec 31, 2016, came in at S$739 million from S$788 million a year ago, as revenue slipped 2.5 per cent to S$2.03 billion. ( read original story ...)
Singapore bank OCBC flags oil sector woes as Q4 profit hits 3-yr low
SINGAPORE (Reuters) - Oversea-Chinese Banking Corp, Singapore's second-biggest lender, flagged worries about a weak oil and gas sector after reporting an 18 percent drop in quarterly profit to a three-year low, mainly due to a jump in impairment charges. ( read original story ...)
Singapore's DBS profit slumps to 2-year low on O&G bad debts
SINGAPORE: Singapore bank DBS Group Holdings posted its lowest quarterly profit in two years as provisions for soured loans to the city-state’s oil services industry surged, and it joined smaller rival OCBC in forecasting more pain for that sector. ( read original story ...)
Singapore's United Overseas Bank Q4 net profit falls 6.2 pct
UOB's CEO, said in a statement. The bank's full year total income was stable at S$8.06 billion. ($1 = 1.4166 Singapore dollars) (Reporting by Anshuman Daga; Editing by Richard Pullin) ( read original story ...)
Singapore’s CapBridge Investment Trust launches pre-IPO fund; targets US$100 million
The fund — the first in a series of CapBridge Investment Trust sub-trust funds — wants to give institutional investors greater access to VC-backed companies Growth-stage startups and pre-IPO companies now have a new fund to tap into when raising cash ... ( read original story ...)
Singapore Market May Add To Its Winnings
(RTTNews.com) - The Singapore stock market jumped higher again on Wednesday, one session after it had ended the three-day winning streak in which it had collected almost 45 points or 1.5 percent. The Straits Times Index now rests just beneath the 3,090 ... ( read original story ...)
A Look Back At The Market A Year Ago And The Lessons We Can Learn
In Singapore’s case, the Straits Times Index has jumped by more than 10% from October 2016 to today. What can we learn from these two examples? Firstly, it is quite clear that the performance of the stock market has little in common with the state of the ... ( read original story ...)
ExxonMobil Singapore Refinery to Expand Group II Base Stock Production
The expansion project represents the latest in a series of recent ExxonMobil investments in base stock production, including a previous expansion of capacity at the Singapore refinery ... EMAPPL also serves the commercial market with its industrial ... ( read original story ...)
How major US stock market indexes fared on Wednesday
Stocks and bond yields punched higher Wednesday, and U.S. indexes set records again, following more encouraging news on the U.S. economy. On Wednesday: The Dow Jones industrial average rose 107.45 points, or 0.5 percent, to 20,611.86. The Standard & Poor's ... ( read original story ...)
These 4 REITs Can Help Investors Diversify Into Foreign Property Markets
In Singapore’s stock market, there are many listed entities that have significant businesses beyond our local shores. In this article, I want to look at a few real estate investment trusts and business trusts that are investing heavily in foreign ... ( read original story ...)
Simon Property Extends Stock Repurchase Program by 2 Years
Simon Property Group, Inc. SPG has announced the extension of its $2 billion stock repurchase program by two years ... the remaining shares worth $1.4 billion either in the open market or in privately negotiated transactions. In the end of Jan 2017 ... ( read original story ...)