DBS kicked off the reporting season for Singapore banks, with smaller peers Oversea-Chinese Banking Corp and United Overseas Bank reporting results on Friday. CEO Piyush Gupta said in a statement that ... ( read original story ...)
UOB will turn positive on Jumbo once new outlets start to show profitability
SINGAPORE (Feb 18): UOB Kay Hian is maintaining its “hold” call on Jumbo Group with a target price of 41 cents, following the group’s 1Q19 results announcement. For 1Q19, the group reported a 15.7% ri... ( read original story ...)
DBS forecasts stable loan growth this year after record 2018 profit
SINGAPORE (Reuters) - DBS Group Holdings Ltd, Southeast Asia's biggest lender, forecast stable loans growth for 2019 after a robust increase in net interest margin drove an 8 percent rise in quarterly ... ( read original story ...)
Singapore Jan non-oil exports suffer biggest decline in more than two years
SINGAPORE (Reuters) - Singapore’s exports stumbled more than expected in January, getting 2019 off to a bumpy start amid signs trade frictions are having an impact on Asia’s trade-reliant ... ( read original story ...)
Singapore non-oil exports fall as China shipments slide
Singapore’s non-oil exports fell at the fastest rate in more than two years in January as shipments to China slid by a quarter and shipments of electronics declined. Non-oil exports fell 10.1 per cent ... ( read original story ...)
UOB’s New Digital Bank Gamifies Personal Finance – Lets Users ‘Level Up’ The More They Save
In the next five years, they hope to have three to five million TMRW customers. No specific date for launch in Singapore has been set but UOB shared that it will progressively launch TMRW in ASEAN in ... ( read original story ...)
DBS : full-year 2018 net profit rises 28% to record SGD 5.63 billion
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and ... ( read original story ...)
DBS Q4 net profit climbs 8%, supported by rise in net interest margin
SINGAPORE: DBS Group Holdings Ltd , Singapore's biggest lender, reported an eight per cent rise in quarterly profit that came in line with market expectations, powered by a robust increase in its net ... ( read original story ...)
DBS fourth quarter profit up 8 percent, supported by rise in net interest margin
After three years of strong loans growth, the sector faces tougher times as Singapore's export-reliant economy slows, partly due to a trade war between China and the United States. DBS, nearly 30 perc... ( read original story ...)
UPDATE 1-DBS Q4 profit up 8 pct, supported by rise in net interest margin
SINGAPORE, Feb 18 (Reuters) - DBS Group Holdings Ltd , Southeast Asia’s biggest lender, reported an eight percent rise in quarterly profit that came in line with market expectations, powered by a robu... ( read original story ...)
DBS reports 8% rise in 4Q earnings to $1.32 bil; brings FY18 earnings to new record high
SINGAPORE (Feb 18): DBS Group reported 4Q earnings rose 8% to $1.32 billion from a year ago, bringing FY2018 earnings to a record high of $5.63 billion. In the 4Q ended Dec, net interest income rose 1... ( read original story ...)
Singapore Plans Cautious Budget Ahead of Election
“Expectations for a spending spree are high on past surpluses, likely elections and downside economic risks,” Mohamed Faiz Nagutha, an economist at Bank of America Merrill Lynch in Singapore, said bef... ( read original story ...)
UOB’s new digital bank gamifies personal finance
In the next five years, they hope to have three to five million TMRW customers. No specific date for launch in Singapore has been set but UOB shared that it will progressively launch TMRW in ASEAN in ... ( read original story ...)
Singapore business school launches Southeast Asia’s first sustainability major
A Singapore business school has launched Southeast Asia’s first major on sustainability. The new course at Singapore Management University (SMU) aims to grow and promote the understanding of sustainab... ( read original story ...)
Singapore Plans Cautious Budget With an Eye on Election
(Bloomberg) -- Singapore Finance Minister Heng Swee Keat will aim to strike a delicate balance in Monday’s budget: preaching fiscal prudence while doling out more social spending ahead of ... ( read original story ...)
Chinese Students Fan Profit at Bangkok School Criticized for IPO
Chinese enrollments are helping to buoy profits at Thailand’s only listed school operator. SISB Pcl, or Singapore International School of Bangkok, sees 2018 net income at the high end of expectations ... ( read original story ...)