Financial Services
Here's why GEH's profit plunged from S$263m to S$81m
Great Eastern Holding's non-par fund profits declined to a mere S$2m.
Here's why GEH's profit plunged from S$263m to S$81m
Great Eastern Holding's non-par fund profits declined to a mere S$2m.
Singapore banks' diversified portfolio beats ASEAN banks
June loan growth is on track to meet CIMB's full-year estimate of 13-14%.
Great Eastern Q2 profit down to S$81.4m
The net profit for the quarter ended 30 June 2012 was lower than the S$117.7 million for the same period in 2011.
Loans continued to slow from Sept 2011 peak
Loan-to-deposit ratio at 91.9%, the highest since 2001.
Singapore dollar hits three-month high against the greenback
The local currency traded at $1.2454 on 1 August 2012 morning, its highest level since early May.
Housing loans surged 15% in June
Singaporeans seem to be richer as car loans and credit cards also went up 9.5% and 14.8%.
Singaporeans refuse to be loyal to a single bank
More than half distribute deposits and investments to three or more banks, says survey.
1 in 2 Singaporeans frustrated with banks' services
17% will actually not recommend their primary banks to others.
Lower lending rates seen for Indonesia
A BI official says lending rates should be lower to improve internal bank management and encourage competition.
USD-Asia await further global cues
Trade will be in a slightly more consolidative manner, says OCBC Treasury Research.
SGX seeks public views on new securities margin rules
With the proposed framework, margins will be imposed on portfolios of Central Depository members.
Singapore dollar holds onto gains against the greenback
Positive comments from the ECB have provided ‘a shot in the arm’ to risk currencies, says IG Markets Singapore.
Chinese insurers need better risk management policies: Fitch
Laxer restrictions will now allow insurers to invest in more complex assets, which the ratings agency believes should be balanced with stronger risk...
Need a raise: 1 in 2 banks to raise wages
They expect salaries to rise in the next 12 months by an average 6%.
SGD NEER firmer amidst return of market appetite for risk
Singapore now seems to be receiving the status as a potential safe haven in Asia, says IG Markets Singapore.
Singapore Exchange suffers 23% drop in earnings
Securities Revenue also fell 15.5% amid market uncertainty.
Jardine Cycle and Carriage profit up by 5%
Consolidated net debt was US$750 m at end-June 2012.
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