SASS AND THE CITY

Haha, the funny thing is...

THERE may not be a more powerful term on the vast communication universe than this four-letter word. It has French roots, though no pardons are needed. It is very much fit for print.
TOPLINE

Seeking its day in the sun

IT IS often said that in Myanmar, you don't have the Internet. You have Facebook...

Crusader for fintech rules

STANDARD Chartered chairman Jose Vinals will have you know that he succumbs to temptation, and his sin of choice today is biscotti. "Leave it here, leave it here," he says, pointing to the plate of almond biscuits, and then unwrapping the cling film over it. "I like sweet a lot. Too...
BT EXCLUSIVE

GrabPay trains sight on govt efforts in e-payment collaboration

GRABPAY is watching with close interest how Singapore will soon roll out e-payments at food establishments such as hawker centres and coffee shops, with the mobile wallet player eager to boost partnerships among financial players here, said a top executive at the firm.
BANK EARNINGS

Singapore banks brace for chill from mortgage slowdown

SINGAPORE banks are bracing for a slowdown in the home loan space in the coming years given the latest property cooling measures, but note that most of the current mortgage book should stay intact for the rest of this year.

OCBC to re-price mortgages for gradual margin lift

OCBC expects to re-price parts of its Singapore mortgage book in the second half of the year, a move that should lift its net interest margin (NIM) gradually. This comes as its expansion in NIM in the second quarter was smaller than its two banking peers.

OCBC mulls 'digital bank' in Indonesia

OCBC is pursuing an idea of a "digital bank" in Indonesia, said its chief executive officer Samuel Tsien on Monday at the bank's results briefing, as Singapore's second-largest bank looks to join its peers in launching banking for mobile-savvy customers in this region...

OCBC's profit climbs 16% for Q2 to S$1.21b, beating estimates

OCBC Bank on Monday reported a net profit of S$1.21 billion for the second quarter of 2018, climbing 16 per cent from S$1.04 billion a year ago, even as CEO Samuel Tsien warned that the operating environment is becoming "increasingly challenging and we are watchful of the severe implications ...

The thin green line: sustaining sustainability

SEAN Kidney is taking stock of climate action, and it's safe to say, he's not pleased with the progress. Speaking to participants at a recent green finance conference in Singapore, the CEO of non-governmental organisation (NGO) Climate Bonds Initiative puts it bluntly: "We are...

UOB to launch digital bank in Asean

SINGAPORE banks are ramping up their digital offerings for mobile-savvy customers in Asia, with UOB on Friday announcing a digital banking strategy for five markets in Asean - Singapore, Indonesia, Malaysia, Thailand and Vietnam.

Broker's take: RHB downgrades BreadTalk to 'sell' on overheated valuations

RHB Research on Friday downgraded BreadTalk Group to a "sell" rating from its "neutral" rating, saying that valuations are too high after the F&B (food and beverage) company missed recent profit estimates...

UOB to launch digital bank in Asean

SINGAPORE banks are ramping up their digital offerings for the mobile-savvy customers in Asia, with UOB on Friday announcing a digital banking strategy for five markets in Asean - Singapore, Indonesia, Malaysia, Thailand and Vietnam. 

UOB sees housing prices falling 5-10% over time; keeps 2018 home loan growth forecast

UOB chief Wee Ee Cheong said housing prices could fall 5-10 per cent in time, following the recent property cooling measures by the government, calling it his "gut feel". ...

Aviva Singapore's operating profit up 10%

INSURER Aviva Singapore on Thursday reported a 10 per cent increase in operating profit for its first half, boosted by sales from a bigger financial adviser network.

Aviva Singapore posts 10% rise in H1 operating profit on financial advisory boost

INSURER Aviva Singapore on Thursday reported a 10 per cent increase in operating profit for its first half, boosted by sales from a bigger financial adviser network.

Singapore's Big Data HR startup Pulsifi snags US$1.1m through angel investors

PULSIFI, a Singapore startup that says it sells data analytics for HR management, on Thursday said it has raised US$1.1 million through an angel funding round. 

UnUsUaL lands North American live entertainment gig with show on Apollo

MEDIA company UnUsUaL Ltd on Thursday said it plans to develop and produce <span class="italic"><em>Apollo</em></span>, a show that looks at the 50th anniversary of man’s first steps on the moon, marking its first foray into the North American live entertainment...

DBS flags spillover concern with US-China tensions; 18% gain in Q2 profit misses estimates

SOUTH-EAST Asia's largest bank DBS has flagged heightened macroeconomic uncertainty for the second half of the year, with its chief fretting over the spillover effects from the new wave of US-China trade tensions...
BANKING JOBS

In reskilling financial sector, a new point of sale

AMID lingering concerns of automation and digital technology displacing jobs in Singapore's financial industry, the sector's national accreditation agency has launched its one-stop career centre meant to offer training to tackle skill gaps...

Career centre launched to help finance professionals with skills upgrading, job matching

THE Institute of Banking and Finance (IBF) on Wednesday launched a career centre that will help finance professionals to navigate changes in the industry and acquire relevant new skills and take on new jobs.

Far East H-Trust reports 4.1% rise in DPS for Q2

FAR East Hospitality Trust (Far East H-Trust) on Tuesday reported a 4.1 per cent increase in its distribution per stapled security (DPS) for the second quarter, thanks to better performance mainly due to its hotel portfolio.

June bank lending makes fastest gains since November

BANK lending in Singapore in June rose at its fastest pace from a year ago since November, driven by a sharp increase in business lending, preliminary data from the Monetary Authority of Singapore showed on Tuesday.

MAS slaps 5-year prohibition order on former CIMB VP for insider trading

THE Monetary Authority of Singapore (MAS) has issued a five-year prohibition order against a former vice-president of CIMB Bank Bhd, Alan Tay Yeow Kee, for insider trading, it said on Tuesday.

OCBC to upskill over 330 retail bank wealth advisers

OCBC Bank on Tuesday said it would "upskill" more than 330 retail banking wealth advisers with private-banking skills in a new partnership with the Wealth Management Institute (WMI) of Nanyang Technological University...

PSA International makes first foray into Canada with acquisition of port facility stake

PSA International on Tuesday said it would acquire 60 per cent of a port facility in Canada, making its first foray into Canada.