Financial Services
Hear what the experts have to say about the much-awaited Budget 2015
The jubilee budget will set the course for Singapore's next 50 years.
DBS’ net profit up 10% to $3.8b in FY14
On back of higher NIM, loan volume and fee income.
Chart of the Day: Prompt payments slide 7.6pp to 50.07% in 2014
Despite a rebound after 3 consecutive quarters of decline.
Singaporeans' satisfaction with taxes slipped 8% in 2014
Satisfaction dropped for all age groups.
Hong Kong overtakes Singapore as Asia’s premier wealth management hub
The Lion City is a ‘stagnating’ centre, says Deloitte.
Singapura Finance's net profit up 8.6% to $1.5m in Q2
On back of higher net interest income.
Japan’s megabanks saw 22.3% profit surge to ¥718.86 in 4Q14
Thanks to lower credit costs and growing overseas business.
Budget 2015 to zoom in on Singapore’s struggling sandwich class
There will be goodies for middle-income residents.
Chart of the Day: Singapore banks to suffer from weak market-related income in 4Q14
Also, trade loans could fall faster than expected.
Expect muted fourth quarter results from Singapore’s three big banks
On back of lower trading-related income.
Don’t rank Singapore with delinquent debtors, Temasek tells S&P
S&P’s new credit rating framework gives rise to "serious concerns".
Speak English, please: MAS urges firms to use plain language in SGX prospectuses
The PHS requirement will be extended to more issuers.
Great Eastern’s profit surged 30% to $878.6m in FY14
Thanks to higher profits from its insurance segment.
Chart of the Day: Singapore banks’ loan quality hinges on China exposure
China-related loans make up 20-25% of the pie.
DBS launches venture debt programme to fund local tech start-ups
To cement Singapore’s status as a start-up hub.
Singapore’s coveted covered bond market to open by mid-2015
Thanks to amendments proposed by the MAS.