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DBS'S latest guidance following its Q1 results is likely to bring the local banking sector to closer certainty of credit costs hitting previous crises levels, though relief measures from the government and guidance from the Monetary Authority of Singapore (MAS) on what defines defaults does change how...

AS investors took advantage of the market correction in March this year to increase their stock holdings, mainboard-listed fintech firm iFast Corporation benefited from the increased market activity. For the three months ended March 31, 2020, iFast generated record revenue and profits.

THE novel coronavirus, or Covid-19, is posing challenges for auditors when judging whether a company can continue trading as a going concern for the next 12 months.

CONSUMER loans registered its sharpest fall on record over a big shrinkage in unsecured personal loans in March, fresh data from the Monetary Authority of Singapore (MAS) showed on Thursday.

DBS reviews its succession plan for senior management roles annually, with its chief executive Piyush Gupta to remain in his position "for the foreseeable future" after more than 10 years at the bank, said South-east Asia's largest lender on Thursday.

FROM May 6, individuals can soon seek to defer repayment across a wider swathe of loans – such as loans for industrial and commercial property, renovation, education and cars – the Monetary Authority of Singapore (MAS) and other industry bodies said late on Thursday.

UOB, Singapore Press Holdings (SPH) and Singtel are collaborating to provide close to 250 disadvantaged students in Singapore with a new laptop and online learning resources. This comes amid the shift to remote learning during the coronavirus outbreak.  

The invisible killer is testing global capitalism as never before.

BANK lending in Singapore dipped 0.1 per cent in March from a month ago, as a fall in consumer loans more than offset a rise in business loans, preliminary data from the Monetary Authority of Singapore showed on Thursday. 

DBS on Thursday guided that its oil-and-gas (O&G) lending portfolio at S$23 billion makes up its single-largest loan exposure to impacted industries made vulnerable by the Covid-19 pandemic, and that it expects further allowances set aside specifically for O&G support services.