WITH the US elections looming, a Trump presidency is not necessarily better for the US dollar (USD), while a Biden administration may not be as USD-negative as believed, OCBC Treasury Research said in a research note on Friday.
BANK lending in Singapore extended its slide for the fifth straight month in July, dipping 0.2 per cent from the previous month, preliminary data from the Monetary Authority of Singapore (MAS) showed on Monday.
WITH unemployment set to rise amid Singapore's deepening recession, there have been calls of late to bring home back-office jobs in the banking industry that have been offshored to countries with lower labour costs and abundant manpower.
OCBC has filed applications with the High Court of Singapore to place KS Energy and its principal subsidiary, KS Drilling, under judicial management (JM), although the troubled offshore and marine group is suggesting an alternative solution.
FINANCIAL advisers here who are pushing critical illness (CI) insurance plans with misleading claims over changes to CI definitions risk tarring the reputation of the industry, especially as more marketing of products is flowing to the greyer areas of social media.
OCBC has filed applications with the High Court of Singapore to place KS Energy and its principal subsidiary KS Drilling under judicial management (JM), although the troubled offshore and marine group is suggesting an alternative solution.
CGS-CIMB on Thursday said it believes the worst is over for Silverlake Axis, and that it expects the fintech firm's earnings to recover in FY21 ending next June, following a weak set of results for its latest quarter.
RAISING the salary threshold for Employment Passes (EPs) amid recessionary pressures can encourage financial institutions to hire locals, but some economists think such a "protectionist response" can crimp Singapore's financial hub aspirations in the long run.
MINIMUM salaries for Employment Pass (EP) holders in the financial services sector will be raised to S$5,000 from December, said the Ministry of Manpower (MOM) on Thursday, setting the bar S$500 higher than the tightened criteria for other sectors in the economy.
CGS-CIMB on Thursday said it believes the worst is over for Silverlake Axis, and expects the fintech firm's earnings to recover in FY21 ending next June following a weak set of results for its latest quarter.
