SINGAPORE'S life insurance industry saw new business, in terms of total weighted premiums, rise 18 per cent to S$1.32 billion for the third quarter, compared with S$1.12 billion a year ago.
Alibaba is starting to feel the Ant sting. The e-commerce giant's ties to the reeling financial technology company are weighing on its US$780 billion valuation. A suspended initial public offering (IPO) and Beijing's new credit rules have hit just as growth at Alibaba's core shopping business...
China's central bank vice-governor said on Friday that China needs to consider policy adjustments as its economy recovers, adding that the adjustments will be based on accurate economic assessments, and the authorities cannot make hasty moves.
SINGAPORE banks sense a slight lift in business sentiment, which has eased some of their worst fears.
DBS chief executive Piyush Gupta said that the bank is seeing "some episodic corporate stress" in its portfolio, with non-performing asset (NPA) formation to pick up as government relief moratoriums expire in 2021.
OCBC does not expect a fresh wave of loan moratorium requests amid the extension of targeted debt holidays in Singapore, even as it continues to chalk up provisions to buffer against bad loans.
DBS chief executive Piyush Gupta said that the bank is seeing "some episodic corporate stress" in its portfolio, with expectations that non-performing asset (NPA) formation will trend upwards as government relief moratoriums expire in 2021.
SHARES of DBS, OCBC and UOB climbed to multi-month highs after their third-quarter financial results exceeded expectations and signalled that the trio was withstanding the Covid-19 pandemic's impact on loan quality and the economy.
THE central banks of Indonesia and Singapore have extended their US$10 billion bilateral financial arrangement for another year.
OCBC does not expect a fresh wave of loan moratorium requests amid the extension of targeted debt holidays in Singapore, even as it continues to chalk up provisions to buffer against bad loans.