finance

Redundancies & unemployment rate may remain elevated, warns MOM

SINGAPORE (June 13): The labour market outlook remains uneven across sectors, according to the latest labour market data released by the Manpower Research and Statistics Department, Ministry of Manpower (MOM).

Fintech

Silverlake Axis announces new banking solutions customer in Thailand

SINGAPORE (June 6): Silverlake Axis, the provider of software systems for financial institutions in Southeast Asia, has announced its receipt of a purchase order to implement its Silverlake Axis Integrated Banking Solution (SIBS) system at what it refers

In print this week

After making her fortune, Anna Haotanto wants to teach others more about investing

SINGAPORE (May 15): Anna Vanessa Haotanto became a selfmade millionaire at 29, an age when many people are still climbing the corporate ladder. She achieved this mainly by making smart investments and saving prudently.

Results

OCBC reports 14% increase in 1Q earnings to $973 mil

SINGAPORE (May 9): Oversea-Chinese Banking Corporation (OCBC) has posted a net profit after tax of $973 million for 1Q17, 14% above $856 million in 1Q16.

Global Economy

In Japan, zero public companies went bust in 2016

TOKYO (April 5): Corporate Japan achieved a rare feat in the fiscal year that ended last week. Not one of its almost 4,000 publicly-traded firms filed for bankruptcy protection.

Global Economy

Biggest Chinese banks' bad-loan challenge may finally be easing

SHANGHAI/HONG KONG (March 31): The bad-loan challenge for China’s biggest banks, which worsened steadily over much of the first half of the decade, may finally be easing.

Are Singapore’s millennials overly optimistic about their future?

SINGAPORE (March 2): Eight out of 10 millennial investors in Singapore are optimistic about their retirement prospects on the belief they will be able to maintain, if not improve, their current lifestyle after they retire.
Google

Tech

One reason staffers quit Google's car project? The company paid them so much

SAN FRANCISCO (Feb 14): For the past year, Google's car project has been a talent sieve, thanks to leadership changes, strategy doubts, new startup dreams and rivals luring self-driving technology experts. Another force pushing people out? Money. A lo

Fintech

Miss Kaya targets Asia’s women investors with launch of fintech platform in Singapore

SINGAPORE (Jan 4): Assets under management (AUM) of automated wealth management services, otherwise known as robo-advisors, are projected to rise by 2,500% to US$489 billion ($708.3 billion) globally by 2020, according to data provided by financial servic

Singapore’s 4Q online hiring growth remains in the red

SINGAPORE (Nov 29): For the third consecutive month, Singapore has reported zero change in online hiring activity, says the Monster Employment Index (MEI) based on its data for October 2016.
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