Financial Services

DBS merger deal in Indonesia seen to cement bank’s hold in SE Asia

The bank’s plan to merge BDMN with PT Bank DBS Indonesia will create the fifth largest bank in Indonesia.

DBS merger deal in Indonesia seen to cement bank’s hold in SE Asia

The bank’s plan to merge BDMN with PT Bank DBS Indonesia will create the fifth largest bank in Indonesia.

Currency Briefing - what you need to know for Fri May 4, 2012

The local currency fell back above the $1.24 threshold, trading at $1.2438.

OCBC still the world's strongest bank: Bloomberg Markets

It topped the annual list for the second straight year while its two Singapore rivals slid further down the Top 10.

Currency Briefing - what you need to know for Thurs May 3, 2012

The local currency fell back onto the $1.24 threshold, with the US dollar trading higher against all of the major currencies despite weaker economic...

Asiasons WFG Financial's Director retires

Tan Soo Kiat was appointed to the postion last 29 April 2011.

Currency Briefing - what you need to know for Wed May 2, 2012

The local currency is trading at $1.2369 against the US dollar.

Currency Briefing - what you need to know for Mon April 30, 2012

Trading at $1.2386, the local currency continues to strengthen against the US dollar.

SingPost mails in 17.4% lower profits

Rising expenses squeezed the firm's margins all-around, but two segments notably bucked the trend.

DBS trading income and loan provisions on thin ice?

The former grew in 1Q12 but won't be sustainable while the latter's position is growing riskier, says PhillipCapital.

DBS Group gamble leads to record profits: OCBC

It bet big on Wealth and SME, and both profit segments posted double-digit income growth for 1Q12.

Manulife Singapore seeks to provide regular income for retirement needs

Manulife Income Series – Singapore Fund targets to pay a dividend of 3.6 cents per unit per annum to investors.

DBS Group Holdings names Andre Sekulic as Director

Mr. Sekulic has worked for MasterCard Asia Pacific, Middle East and Africa for more than 10 years.

DBS Group Holdings appoints Ow Foong Pheng as Director

Mrs Ow served as 2nd Permanent Secretary, Ministry of Trade and Industry from 2009 to 2011.

OCBC Director retires

Patrick Yeoh Khwai Hoh is also Chairman of Risk Management Committee and Member of Executive Committee.

DBS profit up 16% to S$933m

The numbers exhibit a healthy showing: loans rose 3% while deposits grew 4%.

Currency Briefing - what you need to know for Fri April 27, 2012

The local currency hit a six-month high against the US dollar before sitting at $1.2415.

Will Singapore bank earnings surge past 2%?

1Q12 results may exceed expectations as banks may have performed better on provisions and loan growth, says DBS.