It was driven by Singapore and Indonesia. UOB demonstrated a pristine asset quality with NPL ratio receding 14bp qoq to 1.47% in 4Q16, according to research firm UOB KayHian. The report noted that UOB loan growth expanded in the past quarter, growing 8.9%. ( read original story ...)
Singapore Bourse May Halt Losing Streak
(RTTNews.com) - The Singapore stock market has tracked lower in back-to-back sessions, dipping more than a dozen points or 0.4 percent along the way. The Straits Times Index now rests just beneath the 3,095-point plateau, although the market may find ... ( read original story ...)
Singapore Budget 2017: All you need to know in 3 minutes
SINGAPORE - Finance Minister Heng Swee Keat delivered a forward-looking comeback Budget speech on Monday (Feb 20) after suffering a stroke last year. Some of the highlights include a water price increase, help for companies and workers, as well as support ... ( read original story ...)
HSBC profits slump after volatile year
HSBC reported on Tuesday that annual profit slumped following a year it said would be remembered for "unexpected economic and political events" and warned of risks in 2017 to the global economy's continuing recovery. Europe's biggest bank said net profit ... ( read original story ...)
Singapore carbon tax would hit refiners, help renewables
SINGAPORE (Reuters) - Singapore's proposed plan to tax greenhouse gas emissions would likely hit oil refiners hard, ramping up costs in an industry that has been central to the city-state's rapid development over the last half-century. Monday's ... ( read original story ...)
Hungry Singaporeans Make Eating Profitable as Restaurants Rally
(Bloomberg) -- As Singapore’s stock market continues to rally, an often overlooked sector is getting a boost. The city-state’s listed restaurants have outperformed regional and global peers as dining out drives shares higher. These companies may be ... ( read original story ...)
What Happened In The World Of Finance Over The Past Week
First, there’s the possible introduction of dual class share structures for companies listed in Singapore’s stock market. Then, we’d move on to the latest growth numbers for Singapore’s economy. A possible introduction of dual share classes in ... ( read original story ...)
Is this the worst ETF of all time?
A popular ETF-like investment is designed to protect against portfolio losses in the event of a stock market crash. But most investors have no idea that holding this Exchange Traded Note (ETN) is likely to cost them more money than any market crash ever could. ( read original story ...)
Singapore budget: Wary of ‘deep shifts' in global environment, focusing on building local capabilities
Presenting the annual budget statement in Parliament on Monday, Finance Minister Heng Swee Keat said Singapore must take "decisive action" to position the country amid such "deep shifts" in the global economic environment. Outlining the government's ... ( read original story ...)
Singapore Budget 2017 – Live Updates, Thoughts & Comments
Following the Singapore Budget live can be difficult, especially for those of you who are stuck in the office rushing out some work deadlines for your uncompromising boss. At the same time, not all announcements would be relevant to you, the average ... ( read original story ...)
Singapore Takes Targeted Steps in Budget to Help Spur Growth
Singapore’s Finance Minister Heng Swee Keat outlined a set of targeted measures in his budget speech to help the struggling oil industry and spur construction. The government will bring forward S$700 million ($494 million) worth of infrastructure ... ( read original story ...)
This Company Is Ditching Interviews And Hiring 100 New Staff – Via A Hackathon
Today, Singapore bank DBS announced that it plans to ditch the resume-interview route and hire 100 developers from a coding challenge and hackathon. Following its mission to cement its position as a leading digital bank and reimagine how banking is done ... ( read original story ...)
Singapore’s hope of beating Hong Kong in IPOs is a pipe dream
Singapore’s effort to score the 2018 listing of state oil giant Saudi Aramco – expected to be the world’s biggest initial public offering – is the latest show of its ambition to develop an elite global exchange, but analysts say a lack of liquidity ... ( read original story ...)
Fitch Rates UOB's Basel III Tier 2 Subordinated Notes 'A+(EXP)'
Fitch Ratings has assigned Singapore-based United Overseas Bank Limited's (UOB) proposed Singapore dollar-denominated Basel III-compliant Tier 2 subordinated notes an expected rating of 'A+(EXP)'. The notes will be issued under the bank's SGD15bn Euro ... ( read original story ...)
Live Blog: Singapore Budget 2017
(Photo by Suhaimi Abdullah/Getty Images) Singapore Finance Minister Heng Swee Keat is to deliver his second Budget Statement in Parliament today (Monday, 20 Feb) at 3:30pm. The budget for fiscal year 2017, which starts from April to March, will address the ... ( read original story ...)
Finance companies' shares soar on new relaxed rules
Singapore's three finance companies are sleepy no more. The prices of all three rocketed as much as 32 per cent the past two days from Monday after the Monetary Authority of Singapore said it was relaxing rules on finance companies to spur them to ... ( read original story ...)