UNITED Overseas Bank is the second Singapore lender to feel the sting of last year's property cooling measures.
INSURER Great Eastern (GE) has sold 5 per cent of its stake in PT QBE General Insurance Indonesia, which it acquired in 2018. It will continue to hold the remaining 95 per cent, GE said on Friday.
GREAT Eastern’s net profit for the first quarter more than doubled to S$342.7 million from S$152.9 million a year ago, on the back of higher valuation of its shareholders' fund investments resulting from favourable market conditions.
UNITED Overseas Bank (UOB) reported higher net profit for its first quarter of 2019, up 8 per cent to S$1.05 billion, from S$978 million for the year-ago period.
THIS is the dawn of a new era for Singapore's payments system. As part of its Smart Nation vision to become "a leading economy powered by digital innovation", the government has been working on a range of initiatives to digitise payments.
SUCCESSFUL social welfare policies distinguish between routine life-cycle demands and unpredictable events. Successful policies encourage people to prepare for routine events by saving and insuring. The government remains the insurer of last (not first) resort by building financial and other buffers to stand ready to help deal...
AS DBS ramps up its customer engagement efforts through the use of technology, it has seen call volume to its customer centre in Singapore drop 12 per cent over the last year, the bank said on Thursday.
A SUCCESSFUL experiment by the Monetary Authority of Singapore (MAS) and the Bank of Canada using central bank digital currencies and distributed ledger technology (DLT) could make cross-border and cross-currency payments cheaper, faster and safer.
MUCH has been written about the transformation of DBS, but less known is the role its finance team plays in formulating and directing the strategies which have propelled the group into the ranks of Asia's leading banks.
SINGAPORE-BASED corporate services provider In.Corp Global has acquired RHT Corporate Advisory, RHT Holdings' corporate advisory business. Both firms declined to disclose the value of the acquisition.
