Financial Services
DBS surges to record profits in India
DBS Bank India grew its net profits a staggering 164% in what appears to be a payoff for aggressive expansion.
DBS surges to record profits in India
DBS Bank India grew its net profits a staggering 164% in what appears to be a payoff for aggressive expansion.
Singapore dollar trades at $1.2784 against the greenback
Stronger Asian currencies are trading in a tight range, says IG Markets Singapore.
Real estate woes top Singaporeans’ retirement worries
Do you see yourself putting a premium on the same investment?
Gerontophobia strikes: 83% of rich Singaporeans fear unexpected expenses in old age
Those who can afford more are afraid of sudden spending--how ironic.
Are Singapore banks stable enough for a devastating economic scenario?
It seems so, if the Southeast Asian banks' closing credit gap with Western peers is anything to go by.
Singapore dollar sits above $1.28 level
The local currency has sat above the $1.25 level for almost two months and is unlikely to regain this level, says IG markets Singapore.
Singapore, Thailand widen currency collateral agreement
Monetary Authority of Singapore and Bank of Thailand will accept a broader range of collateral in their liquidity provisioning facilities.
DBS and OCBC downgraded to neutral
Macquarie says a convincing bull market could make them switch back, amidst improvement in earnings and sentiment.
Slowdown looms for Singapore banks
Macquarie says rosy trading income numbers in 1Q12 are not likely to repeat throughout the year.
M&A deals in Southeast Asia slowed in 2012
DBS aquisition of Bank Danamon of Indonesia , tagged as the 'largest M&A deal at' $7.3bn, failed to push growth.
Singapore dollar retreats against US dollar
FX markets are expected to trade in tight ranges as traders wait for fresh leadership and direction from this week's EU Summit, says IG Markets...
MAS sets up collateral arrangement with Bank of Thailand
Financial institutions in Singapore and Thailand will now have greater flexibility in their liquidity management.
Pawnbroker Maxi-Cash listed on Catalist at the SGX
Catalist becomes Maxi-Cash's capital-raising platform for its business strategy and expansion plans.
MAS seeks your opinion on the capital framework for insurance businesses
MAS will accept comments on the Risk-Based Capital framework for insurance business till 25 August 2012.
Bad loans rising up to Asian financial crisis levels?
Market fears over imploding Europe banking crisis that could possibly raise credit costs for Asian banks.
Prospects for consumer banking business dim
Institutional banking business meanwhile is seen to thrive amidst chaos.
CIMB analysts worry over OCBC's asset quality
CIMB notes 3 key factors that make OCBC most vulnerable to ill effects of Euro crisis.
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