Financial Services
GIC’s 20-year annualised rate of return reaches 3.9%
This rate for year ended March 2011 has improved from 3.8% of the year ended March 2010.
GIC’s 20-year annualised rate of return reaches 3.9%
This rate for year ended March 2011 has improved from 3.8% of the year ended March 2010.
Analyst warns MAS likely to make further losses
MAS’ FX intervention policy has become extremely costly.
Southeast Asian banks likely to remain resilient: S&P
Banks in the region are expected to remain healthy despite varying risks and profitability.
Macquarie launches Warrant Hotshot Contest with free ice cream
It’s giving away free ice cream at Raffles Place to get people to sign up for a warrant trading competition.
First Data appoints Marc Mathenz as Senior VP
He will also be leading all business initiatives and operations as Head of Asia Pacific.
Asia Pac wealth management industry's IT spending to top $4.6b by 2015
Ovum predicts a growth rate of 8% over a five year period.
OCBC’s net interest income set to be ‘unexciting’
DMG is forecasting OCBC's 2Q11 net profit to be S$607m, a 3% QoQ decline.
NETS launches payment collection solution for small businesses
iNETS QuickPay aims to convert S$16 billion worth of paper payment transactions to electronic payments.
UOB to grow private bankers headcount fivefold
The lender currently has only 40 private bankers.
DBS’ earnings to drop 10% in 2Q11
CIMB expects the bank’s earnings to total S$727m.
MasterCard appoints Philip Yen as emerging payments group head
He will be responsible for driving product strategies to ensure maximum penetration of market segments and working with customers to identify...
UOB to set up $400m US property fund
The bank is partnering with UK asset management company Hermes.
DBS Bank launches account for start-ups
DBS can now lend support to over 50,000 companies established in Singapore each year.
High levels of fraudulent car insurance claims proving challenge for insurers
The motor insurance industry has seen steady losses over the last few years and this is an area that general insurers face challenges in, said...
ICAP appoints Mark Price as chief operating officer
He will have overall responsibility for Risk, Compliance and Human Resources and provide management oversight of ICAP’s Information Technology...
What you need to know about the new OCBC Wealth Panel
You now have 6 leading financial experts to address your investment dilemmas.
DBS Bank enters MAS bilateral currency swap
This agreement between the central banks of Singapore and China will be used to provide financing to a Singapore-based commodities company exporting...
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