Singapore
How organisations can adopt the right risk culture
Cybersecurity, fraud and “fake news” often dominate the headlines in today’s world. Risk has increasingly become a part of everyday vernacular, putting us as a society and as a business community on high alert. A recent report by PWC revealed that 32% of Singapore-based organisations fell victim to fraud in 2018 causing them to lose at least US$1m as a result.
How organisations can adopt the right risk culture
Cybersecurity, fraud and “fake news” often dominate the headlines in today’s world. Risk has increasingly become a part of everyday vernacular, putting us as a society and as a business community on high alert. A recent report by PWC revealed that 32% of Singapore-based organisations fell victim to fraud in 2018 causing them to lose at least US$1m as a result.
ABS revamps cloud outsourcing guide for banks
One revision guides the categorisation of material and non-material cloud outsourcing contracts.
AI key to boosting productivity and risk management in Southeast Asia's financial services
I recently spoke on the topic of artificial intelligence’s (AI) role in the future of banking and financial services at a conference in Singapore that attracted stakeholders from many of the major banks. Like the Singapore government, I believe passionately in an AI-driven future economy and think it’s the right technology for banks here to adopt in their pursuit of navigating risk and compliance.
Hongkong Land profit plunged 63% to $565.5m in H1
Net debt rose to US$3.9b due to land acquisitions.
Ascendas Hospitality Trust NPI inched up 5.2% to $21.3m in Q1
Income was boosted by contributions from five hotel acquisitions made in 2018.
American Express and Singapore Airlines launch SME credit card
SME owners can earn more rewards faster even as employees earn miles for their own benefit.
Dairy Farm profits up 0.2% to $244.86m in H1
Revenue was affected by the deconsolidation of Rustan’s in Q4.
KPMG auditors with SCA qualification to get 20% pay hike
They will also grant a 10-day study leave for auditors who pursue the qualification.
CapitaLand Retail China Trust to raise $279.4m in latest funding exercise
It will be used to fund the purchase of three shopping malls.
OCBC H1 profits up 6% to $2.45b
Higher banking profits offset lower income from Great Eastern Holdings.
SingPost profits climbed 37.2% to $25.68m in Q1
It sold off its GD Express warrants.
UOB net profit up 8% to $2.2b in H1
Profit growth was boosted by wholesale banking as income rose 9% to $2.06b.
Daily Briefing: Nassim Road bungalow sold for $230m record price; Y Combinator-backed Aspire raises $44.7m in series A
And three Singapore-listed developers buy remaining 67% interest in an Australian property for $5.23m.
Daily Markets Briefing: STI down 0.27%
Singtel led the gains amongst top active stocks with a 0.9% advance.
Chart of the Day: Real estate investment sales volume dropped 43% to $13.5b in H1
Transactions for mixed-use properties crashed 90.2%.
Grab and NTUC Income unveil pay-per-trip insurance plan for partner-drivers
Premium rates per trip can be paid at $0.10, $0.30, and $0.50.
Great Eastern profits up 31% to $511.7m for H1
Higher investment income offset lower premium sales.
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