Financial Services
Singapore banks exposure to Europe not significant
OCBC with a small exposure at 1.8% of total assets would be least affected by any fallout from Europe.
Singapore banks exposure to Europe not significant
OCBC with a small exposure at 1.8% of total assets would be least affected by any fallout from Europe.
USD-SGD trips below 1.2520
The pair may consolidate around the 1.2500 support pending further news flow, says OCBC.
Philippines' central bank opts for preemptive rate cut
BSP is taking full advantage to cut rates and insure the economy against a further slowdown on the external front, says DBS.
Singapore dollar continues to edge up against the greenback
The US dollar weakened against major currencies, with the local currency up at $1.2516.
DBS most at risk from Euro woes
Around 30% of its loan book is exposed to SMEs at risk of order cancellations from European clients.
Outlook for USD-SGD remains on the downside
The Singapore dollar may continue to garner support from cited safe haven asset allocations, says OCBC.
RMB is 'moderately undervalued', says IMF
The IMF lowered its forecast for China’s medium term current account surplus as percentage of GDP.
Monetary conditions facing the Philippines 'unique' compared to peers
Despite risk aversion, the peso has remained strong and is the best performing currency in Asia this year, says DBS.
Bank of Japan forecast to ease policy
The external uncertainties and yen’s strength will likely prompt the BOJ to ease again in the next three months, says DBS.
Singapore steps up efforts against fraudsters
At least 3 masterminds of motor insurance fraud scams were sentenced to jail over the last 2 years, says MAS.
Singapore dollar strengthens to $1.2572
There was an underlying sense of optimism after a dreadful start to the week caused by jitters over Spain and Greece, says IG Markets Singapore.
MAS unveils S$20b facility to protect depositors
The contingent liquidity provided to the Singapore Deposit Insurance Corporation is a back up in case of banking dilemma.
Spot USDCNY traded above 6.39
The fixing is likely to be higher further as the USD strengthened further overnight.
SGX to provide direct connection to ASX 24 markets
Partnership with ASX is SGX's third global connectivity venture.
Singapore dollar trades at $1.2632
The Singapore dollar has lost the ground it gained after better-than-expected China manufacturing data lifted Asian currencies, says IG Markets...
DBS' net profit to slip 11.8% to S$823m
Non-interest income may also fall by 13% qoq to S$713.
OCBC to suffer the largest fall compared to DBS and UOB
That is in terms of the bank's non-interest income as it is expected to slump 35% to S$548m.
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