Featured Archives • Page 1097 of 1346 • Financial News

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Singapore banks see improved asset quality in 2021 with recovery ahead

SINGAPORE banks are easing their worst outlooks on bad debt, as loan relief is scaled back amid growing optimism on economic recovery this year.

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New issuance of Astrea PE-backed bonds launched; interest rates to be decided

AZALEA Asset Management, an indirect subsidiary of Temasek Holdings, is launching a new series of bonds backed by private equity (PE), of which S$250 million is expected to be open for retail subscription.

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Brokers’ take: RHB upgrades OCBC to ‘buy’; Maybank KE, Jefferies raise target prices

RHB on Thursday upgraded OCBC to "buy" from "neutral", with a higher target price (TP) of S$12.50 from S$9.50 previously. At least two other research houses also raised their targets on the counter.

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UOB Q4 profit falls 32% to S$688m; proposes 39 S cents in dividends

UOB’s net profit for its fourth quarter fell 32 per cent as net interest income declined.

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UOB sounds optimistic note; Q4 profit falls 32%

UOB, a strong player in the small- and medium-sized enterprises space, does not see concentrated risks in its loan book, estimating credit costs for the year at 30-40 basis points. 

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Sterling gets a boost from vaccinations and moves to ease lockdown measures

VACCINATIONS and steady moves by the United Kingdom government to relax the lockdown measures in the coming weeks have boosted the sterling.

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OCBC sees improved outlook on asset quality; Q4 earnings beat expectations

SINGAPORE'S second-largest lender OCBC joined DBS in an improved outlook on asset quality, on the back of an "orderly and very well-managed" exit from Covid-19 relief programmes that is "better than expected", said its top executive on Wednesday.

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DBS partners global fashion retailer to boost financing for India’s organic cotton industry

DBS has partnered with global fashion retailer Inditex, which owns brands such as Zara, Pull&Bear and Bershka, in a cotton-procurement financing programme, in an effort to scale India's organic-cotton industry.

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OCBC Q4 net profit falls 9% to S$1.13b; proposes 15.9 S cents final dividend

OCBC'S net profit for its fourth quarter fell on a drop in overall income, which more than offset an 11 per cent reduction in expenses, it said on Wednesday.

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Make this the year sustainability tops the business agenda

THE impact of climate change is continuing unabated, and Singapore and South-east Asia stand at the point end of its impact. HSBC Global Research recently reported that of the 20 global cities most vulnerable to rising sea levels, 15 are in Asia - including five in Asean.

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