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DBS
Zest
Singapore's bank lending continues decline as business and consumer loans take a hit from 'circuit breaker' measures
“The risk remains that overall bank loans growth could actually contract in the coming months if there is no snapback in consumer demand and business capital expenditure intentions,” says OCBC’s Ling.
June 30, 2020
Broker's Calls
DBS’s commitment to sustainability and risk management impresses Maybank Kim Eng
DBS’s deep balance sheet liquidity and strong capital levels also creates ample opportunity to gain market share in the medium term.
June 25, 2020
Fintech
Wirecard says cash missing, share price tumbles 46% by noon
SIINGAPORE (June 18): On June 18, Wirecard AG announced that its auditor EY said the audit certificate for the annual financial statements for the past fiscal year 2019 requires additional audits. This is due to recent communications from the two banks th
June 18, 2020
Zest
Singapore's bank lending edges down in April following drop in credit card loans
“With the start of the circuit breaker to combat Covid-19, this has exerted a significant dampening effect on private consumer spending and in turn consumer loans as well,” observes Selena Ling, head of treasury research and strategy at OCBC Bank.
May 29, 2020
Singapore economy
Maybank Kim Eng focuses on economy's 'building blocks' amid Covid-19 uncertainty
During the Global Financial Crisis and the Asian Financial Crisis, Maybank Kim Eng analyst Thilan Wickramasinghe notes that the Singapore market crashed by about 60% from start to end. This time round, the market has retreated just over 20% thus far.
May 22, 2020
Investing 101
Robo-advisers 101: What they are, and how to find one that suits your needs
Since the introduction of digital advisers or robo-advisers (short for robot advisers), there have been more avenues for small-time or beginner investors to invest their money in properly.
May 21, 2020
Startups, Entrepreneurs, Digital economy
MAS launches new facility to lower cost of loans to SMEs under the ESG Loan Schemes
The facility, which was set up to help make loans to SME borrowers more affordable, will process loans to eligible banks and finance companies at an interest rate of 0.1% per annum for a two-year tenor.
April 20, 2020
Fintech
Singapore third country in the world to launch Google Pay
After the US and India, Singapore is the third country in the world to launch Google Pay following a tie up between the tech giant and local banks.
April 14, 2020
Investing strategies
DBS CIO urges investors to stay the course, focus on 5G and infrastructure trends
The virus-led volatility has invoked memories of the 2008 Global Financial Crisis and the 2000 dotcom bust. Yet, Hou’s message is clear: This too shall pass.
March 27, 2020
Covid-19 Resilience Budget
Temasek to lead $15 billion rescue of SIA
The flag carrier plans to offer all shareholders the chance to subscribe for $5.3 billion in new shares. Shareholders who hold two existing SIA shares are entitled to subscribe to three new SIA shares at $3 each.
March 27, 2020