Financial Services
Ayondo requests extension of FY2018 results release date
The firm’s new deadline would be on April 1 instead of March 1.
Ayondo requests extension of FY2018 results release date
The firm’s new deadline would be on April 1 instead of March 1.
DBS rolls out ready-made portfolio with an initial investment of $1,000
It will be available to the banks’ wealth clients.
Citi enables credit card spend on recurring, big-ticket items
Users can use PayAll for rent and education and earn rewards.
GIC helped crypto exchange Coinbase raise US$300m: report
The funding boosted Coinbase’s valuation to US$8b.
Chart of the Day: Singapore's big three banks' CET1 ratios hit 14% in 2018
DBS and OCBC’s CET1 ratios rose YoY, whilst UOB’s declined due to faster loan growth.
China Taiping Insurance Singapore targets the super-rich in new product
'Infinite Harvest' guarantees 100% capital from the 10th policy anniversary.
CPFIS-included funds hammered by losses in Q42018
As of December 2018, CPFIS-included funds posted a negative return of 7.91% on average.
Daily Briefing: Singtel, Axiata team up to launch digital wallet in Malaysia; Fintech firm Rely scores undisclosed investment from a Singaporean family office
And healthcare company DocDoc secures investment from Hong Kong’s Cyberport Macro Fund (CMF).
Bad loans haunt Singapore banks as asset quality risks mount
The non-performing loan formation of OCBC and UOB rose by 137bp and 94bp respectively in Q4.
HSBC Singapore revamps branch network
This will include the revamp of its flagship Claymore branch.
Chart of the Day: Singapore's three big banks' NIMs rose to an average 1.8% in 2018
DBS outperformed OCBC and UOB with its NIM widening 9 basis points due to lower funding costs. This chart from Moody’s Investor Services showed that...
Singapore fintech investments rose two-fold to US$365m in 2018
US$102.2m of the total funds raised went to lending fintech companies such as the homegrown Funding Societies.
UOB NIMs to widen by 3bps in FY19: analyst
The bank’s SGD loan-to-deposit ratio remains the highest amongst its peers.
UOB's profits up 18% to $4.01b in 2018
Total income for their Retail, Wholesale Banking and Global Markets also rose.
OCBC profit up 11% to $4.49b in FY18
Net interest income rose 9% to $5.81b.
Cash and cheques still account for 40% of Singapore payments
Hawker centres, food courts and wet markets remain heavily dependent on cash.
Great Eastern profits crashed by 29% to $1b in FY18
Operating profit growth from Insurance Business countered its decline.
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