Hyflux woes not a sign that loans to power companies are riskier: Moody's

HYFLUX's woes do not mean a general deterioration in the asset quality of Singapore bank loans to other large power generation companies, said Moody's Investors Service on Friday...
HYFLUX CRISIS

Trading suspension of Hyflux perps leaves investors out on a limb

INVESTORS who bought Hyflux's perpetual securities are reeling from the company's suspension of trading in the securities, as the firm said it will not pay the coupon interest on the notes, while in February it said it will not redeem an earlier issue on first call...

MAS to simplify rules for market operators and speed up launch of new products

THE Monetary Authority of Singapore (MAS) intends to simplify rules to encourage more exchanges and also to make it easier to launch new derivatives products.

MAS to simplify rules to improve flexibility for market operators and speed to market for new products

THE Monetary Authority of Singapore (MAS) intends to simplify rules to encourage more exchanges and also make it easier to launch new derivative products.

StanChart's digitalisation push nets more customers

STANDARD Chartered Bank's digitalisation push is seeing results, with clients converting to transacting on a brand new platform and netting more customers to trade online...

US data fuelling greenback, but outlook lacks consensus

THE US dollar is currently having a good run but there appears to be no consensus on its outlook.

New compulsory training and proficiency test for corporate service providers starts on Nov 15

The government is introducing this to raise the professional standards of such providers, who include lawyers, accountants and those offering services such as the setting up of companies or statutory filing of documents with Acra.
HOCK LOCK SIEW

Local banks' good times - and dividend payouts

YOU would think bank shareholders would have been happy with the sparkling results for 2017, and much higher dividend payouts, but at last month's annual shareholders' meetings, there was more grumbling than good cheer...

UOB partners Santander UK to support clients

UNITED Overseas Bank and Santander UK have teamed up to help companies that intend to do business between South-east Asia and the United Kingdom.

UOB partners Santander UK to boost business flows between Asean, UK

UNITED Overseas Bank (UOB) and Santander UK have teamed up to help companies wanting to do business between South-east Asia and the United Kingdom.

UOB partners Santander UK to boost business flows between Asean, UK

UNITED Overseas Bank (UOB) and Santander UK have teamed up to help companies wanting to do business between South-east Asia and the United Kingdom.

UOB posts stellar Q1 results with 21% earnings surge

UNITED Overseas Bank on Thursday announced robust first-quarter earnings which surged 21 per cent to a record S$978 million on the back of higher net interest margin and strong wealth management income growth and a substantial drop in bad debt charges.

Greenback surge pares most of Sing dollar's 2018 gains

THE surging greenback - bolstered by multi-front improvements in the US economy - is chipping away the Singapore dollar's gains made so far this year...

SGD continues to fall, giving up almost all of this year's gain against USD

THE Singapore dollar continues to fall and is near to giving up all of this year's gain following a stronger than expected surge by the US dollar on Tuesday...

DBS shares shoot past S$30 on 21% surge in Q1 earnings

DBS shares crossed S$30 for the first time after it sparked a surge in bank stocks on Monday with sparkling Q1 results. South-east Asia's biggest bank group announced before market hours that earnings for the first quarter rose 21 per cent to S$1.5 billion as it benefited from higher interest...

Extension charges on unsold homes no longer an issue

DEVELOPERS are paying "almost nothing" in extension charges this year, said Sim S Lim, Singapore Land Authority chairman on Monday...

Developers paying 'almost nothing' in extension charges this year: SLA chairman

DEVELOPERS are paying "almost nothing" in extension charges this year, said Singapore Land Authority chairman Lim Sim Seng on Monday...

PolicyPal Network ICO complies with all rules, says founder

POLICYPAL Singapore, the first to graduate from the Monetary Authority of Singapore (MAS) fintech regulatory sandbox, has denied an allegation of illegal fundraising on the part of affiliate PolicyPal Network (PPN).

DBS aiming 40% energy use from renewable energy by end-2018

DBS Group Holdings unveiled its solar energy installation at DBS Asia Hub on Thursday as it accelerates the transition to using renewable energy.

DBS accelerates transition to renewable energy, targets 40% energy use from renewables by end-2018

DBS Group Holdings unveiled its solar energy installation at DBS Asia Hub on Thursday as it accelerates the transition to using renewable energy.
AGM WATCH

DBS shareholders ask tough questions

DBS Group Holdings shareholders are a tough lot, grilling their board on Wednesday over bank service issues and return on equity despite 2017 record earnings and significantly higher dividend payout.

DBS shareholders hard to please with grievances over service and questions on ROE

DBS Group Holdings shareholders are a tough lot, grilling their board on Wednesday over bank service issues and return on equity (ROE) despite 2017 record earnings and significantly higher dividend payout.
HOCK LOCK SIEW

Singapore banks' offshore expansion a mixed bag

With Singapore the chair of Asean this year, there'll be more than usual regional news in the local media - in particular on its neighbours' vibrant economies. Alongside a relentless stream of stories on China's Belt and Road Initiative, investors will be constantly reminded of the...

OCBC Sec promotes ex-senior police official Dennis Hong to MD post

OCBC Bank has promoted Dennis Hong to the position of managing director of its wholly owned OCBC Securities, effective May 1, the bank said on Monday.

OCBC Securities appoints former policeman Dennis Hong as new MD

OCBC Bank has promoted Dennis Hong to be managing director of its wholly-owned OCBC Securities, effective May 1, 2018, the bank said Monday.