Featured Archives • Page 1279 of 1420 • Financial News

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Covid-19 crisis makes ‘going concern’ calls more challenging

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.

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Consumer loans see record fall in March on virus fallout

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.

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DBS chief Piyush Gupta to remain in his role ‘for foreseeable future’

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.

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Banks to follow standard deferment of more consumer loans: MAS

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.

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UOB, SPH, Singtel to provide 250 laptops, digital resources to disadvantaged students in Singapore

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.  

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Amid an economic catastrophe, a few billionaires are still winning

The invisible killer is testing global capitalism as never before.

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Singapore bank lending down 0.1% in March: MAS preliminary data

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.

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DBS’ O&G portfolio makes up largest chunk of loans to industries hit by Covid-19

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.

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DBS rolls out its investment analytics to the mass market

IN A MOVE to encourage better personal finance habits, DBS Bank has rolled out a new digital advisory tool that helps customers consolidate and analyse their overall finances, as well as provide more personalised financial information tailored to their current life stage.

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BIS arm calls for global hackathon to solve compliance problems

THE Bank of International Settlements (BIS), through its Singapore innovation hub arm, on Wednesday called for private firms to participate in a global "remote hackathon" to solve urgent problems related to regulatory compliance and ensuing supervisory processes.

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