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 ...)