In May, Singapore’s second-largest bank posted a 29% jump in first-quarter earnings to S$1.1 billion. OCBC said net interest income growth was strong, wealth-management income was higher and allowance... ( read original story ...)
SINGAPORE | Pompeo: Despite tensions, Turkey remains a key US ally
SINGAPORE — U.S. Secretary of State Mike Pompeo says that despite tensions over the detention of an American pastor and other deep differences, Turkey remains a key NATO ally. Pompeo told reporters Sa... ( read original story ...)
SINGAPORE | US warns Russia, others on enforcing North Korea sanctions
SINGAPORE — U.S. Secretary of State Mike Pompeo is warning Russia, China and others against any violation of international sanctions on North Korea. He says Washington will take seriously any action t... ( read original story ...)
Singapore firms keen on Thailand
The HSBC-commission report by the Singapore Business Federation sought the insights of 1,036 Singapore-based firms regarding their interest in overseas expansion. Of the respondents, 83% of those eyei... ( read original story ...)
Senior Chinese diplomat meets Pompeo in Singapore
SINGAPORE (Reuters) - The Chinese government’s top diplomat, State Councillor Wang Yi, met U.S. Secretary of State Mike Pompeo in Singapore on Friday on the sidelines of a regional forum. Reporters we... ( read original story ...)
Singapore based AI and HR technology company Pulsifi raises US$1.1 million in angel funding
Headquartered in Singapore, Pulsifi is a technology company that provides a user-friendly online HR software platform with a combination of artificial intelligence (AI) and organisational psychology f... ( read original story ...)
Wealthy Singapore a prime target for global hackers
“Geopolitical relations are impacted by incidents like this, particularly in light of global tensions, including over trade,” said Gino Bello, a senior director at business advisory firm FTI Consultin... ( read original story ...)
Singapore Airlines most well perceived by Singaporean consumers, Straits Times ranks 9th: YouGov survey
The Straits Times ranked ninth in the same study. Other Singapore brands on the list include banks DBS and POSB. Brands which made the top 10 include global companies such as WhatsApp, Google, Uniqlo ... ( read original story ...)
UOB beats forecasts with 28% rise in Q2 profit; CEO sees private home prices falling 5-10%
SINGAPORE - UOB chief executive officer Wee Ee Cheong said Singapore's private home prices could fall 5-10 per cent in time, following the recent property cooling measures by the government, calling i... ( read original story ...)
88% of Singaporeans unhappy over high property prices: PropertyGuru
Younger Singaporeans are finding it harder to buy a home. The majority of Singapore consumers are dissatisfied over the state of the property market, revealed PropertyGuru’s latest Consumer Sentiment ... ( read original story ...)
Fewer imports drag Singapore fuel oil stocks to 9-year low
SINGAPORE: Singapore's weekly onshore fuel oil inventories continued to shrink after falling 1.397 million barrels (about 209,000 tonnes) to 14.799 million barrels (2.209 million tonnes) in the week e... ( read original story ...)
Singapore’s UOB to launch digital bank in ASEAN countries
SINGAPORE (Nikkei Markets) -- United Overseas Bank is launching a digital bank as it targets the mobile savvy in its effort to add more customers across Southeast Asia and expand its presence. Althoug... ( read original story ...)
SINGAPORE | Pompeo: ‘ways to go’ before NKorea meets denuke vow
SINGAPORE — U.S. Secretary of State Mike Pompeo says North Korea is far from living up to its pledge to denuclearize and remains in violation of numerous U.N. Security Council resolutions. Speaking Fr... ( read original story ...)
Banking in brief: a roundup of Southeast Asia’s financial news
The value of bank and real estate stocks in Singapore are taking a hit with the announcement of real estate cooling measures by the central bank. The changes, which kicked in on 6 July, include a tigh... ( read original story ...)
UOB beats forecasts with 28% rise in Q2 profit; to launch Asean digital bank
SINGAPORE - UOB on Friday (Aug 3) reported a 28 per cent rise in net profit for the second quarter that was lifted by stronger overall operating income, and announced plans to ramp up its digital stra... ( read original story ...)
DBS lowers bar for Singapore lenders with second-quarter profit miss
SINGAPORE (Reuters) - DBS Group Holdings Ltd ... kicked off the quarterly results reporting season for lenders in the regional financial hub. United Overseas Bank reports results on Friday, followed b... ( read original story ...)