<p>SINGAPORE's key short-term interest rate, which is used to price home loans, has finally begun its long-awaited slide following the latest cut by the US Federal Reserve to give a fillip to the world's biggest economy.</p>
<p>OCBC Bank recorded a surge in its third-quarter allowance for loans and other assets from both a quarter ago and from the year-ago period, as Singapore's second-largest lender anticipates a weaker economic outlook and rising geopolitical risks across most of its markets including Singapore, Hong Kong and...
<p>SINGAPORE-BASED YouTrip has expanded to Thailand through a partnership with Thai bank Kasikornbank. This is the first overseas market for the mobile wallet operator outside of Singapore, it said in a Tuesday announcement.</p>
THE Monetary Authority of Singapore and Bank Indonesia on Tuesday announced the extension of a US$10 billion bilateral financial arrangement for another year.
OCBC Bank’s net profit slipped 6 per cent to S$1.17 billion for its third quarter ended Sept 30, from S$1.25 billion a year ago after booking a one-off charge at its Indonesian banking unit.
SINGAPORE'S second-largest bank OCBC is understood to be in firm talks with Keppel Corporation, peer-to-peer lender Validus Capital, and venture-capital fund Vertex Ventures to form a digital-bank consortium.
SINGAPORE'S second-largest bank OCBC is understood to be in talks with Keppel Corporation, peer-to-peer lender Validus Capital, and Vertex Ventures, to form a digital-bank consortium.
SINGAPORE Press Holdings (SPH) has launched a perpetual issue on Monday, its second such deal this year.
SINGAPORE Press Holdings (SPH) has launched a perpetual issue on Monday, its second such deal this year.
Japanese officials are checking their country into the cash addiction clinic. Ditching banknotes could generate a big one-off boost to economic activity, plus permanently upgrade productivity. But the government will have to give stronger encouragement to elderly consumers, polite bankers and reluctant merchants to change their...