Singapore

UOB net profits down 40% to $668m in Q3

The group’s $339m hit on profits year-on-year, but results registered an improvement from Q2.

UOB net profits down 40% to $668m in Q3

The group’s $339m hit on profits year-on-year, but results registered an improvement from Q2.

Great Eastern posts 40% profit jump in Q3

Total weighted new sales also surged 36% in the same quarter.

Service sector under threat until March 2021

Several industries remain positive despite the latest foreboding survey results.

Taobao, Tmall launch 11.11 Global Shopping Festival

Free shipping, discounts, and more are available from 3 to 11 November.

Sembcorp sells water business in Panama

The divestment resulted in a net gain of about $21m.

Singaporeans worry over costs of disability care

Over two in three felt they might not be able to afford healthcare if they become severely disabled.

Chart of the Day: October buyback shares hit $22m

Total buyback shares have reached $746m for first 10 months of 2020.

Singapore stocks rally to five-month high amidst hopes for a Biden win

Analysts bet more fiscal spending under Biden, which they hope will spur growth.

Singapore's Q3 jobless rate soars to highest in 16 years

A total of 112,500 residents are unemployed, 97,700 of which are Singaporean citizens.

Daily Markets Briefing: STI up 2.21%

DBS led the gains amongst top active stocks with a 3.88% climb.

UOB, Shopee sign MOU to offer exclusive perks to customers

UOB One credit and debit card users can enjoy cash rebates of up to 10%.

DBS names new group cash product management head

Rachel Chew will oversee DBS' cash product proposition in Asia.

SIA extends training programmes to external businesses

The airline began offering training in September with Khoo Teck Puat Hospital.

Financial institutions launch SME debt restructuring programme

SMEs may apply for the support scheme until June 2021.

Frasers Centrepoint Trust posts 20.4% YoY NPI drop for FY2020

DPU fell 25.1% YoY to 9.042 cents for the same period.

Lim Wei Wei says leaders need to recalibrate their businesses more frequently in these challenging times

Baker Tilly Partner and Governance and Risk Practice Leader joins the panel of judges at this year’s Management Excellence Awards.