UOB (China) became the first foreign bank to open a branch in Guangdong's Zhongshan City on Thursday, as it continues its expansion plans in the Greater Bay Area (GBA) with a total of seven branches to date.
MONETARY Authority of Singapore (MAS) managing director Ravi Menon has been appointed chairman of the Bank for International Settlements (BIS) Asian Consultative Council (ACC).
DESPITE a challenging year for global financial markets in 2018, Singapore's assets under management (AUM) increased further by 5.4 per cent to S$3.44 trillion, according to an annual poll by the Monetary Authority of Singapore (MAS).
DBS Bank on Wednesday said that DBS Private Bank and brokerage DBS Vickers Securities (Thailand) are partnering to double wealth assets managed in Thailand to S$8 billion from S$4 billion by 2023.
DESPITE a challenging year for global financial markets in 2018, Singapore’s assets under management (AUM) increased further by 5.4 per cent to S$3.44 trillion, according to an annual poll by the Monetary Authority of Singapore (MAS).
DBS Bank on Wednesday said that DBS Private Bank and brokerage DBS Vickers Securities (Thailand) are partnering to double wealth assets managed in Thailand to S$8 billion from S$4 billion by 2023.
INVESTORS of mutual funds in Singapore pay higher fees than those in other markets, because the majority of funds in the city-state charge front loads and trail commission, according to a study by Morningstar.
SINGAPORE is among the Asia-Pacific jurisdictions that saw an increase in tax revenues in 2017, says the OECD. As tax increasingly becomes a key factor to consider for business investments, companies must understand the tax systems in the jurisdictions that they have an interest in.
CAPITAL markets platform iSTOX has appointed a former deputy director at the Monetary Authority of Singapore (MAS) as its head of compliance.
THE recent carry trade activities linked to the Hong Kong dollar - an arbitrage via the selling of a lower-yielding currency for a higher-yielding one - has led in part to Singapore being trailed ever so closely by Hong Kong in the global foreign exchange (forex or FX) trading race.
HSBC on Monday said it has appointed banking veteran Philip Lee as vice-chairman, South-east Asia, for its global banking franchise.
HSBC on Monday announced the appointment of banking veteran Philip Lee as vice-chairman, South-east Asia, for its global banking franchise.
INSURERS in the Integrated Shield scheme (IP) significantly improved their underwriting results in 2018, despite maintaining still-predominantly loss-making health portfolios.
THE declining economic outlook and increasing political pressure are pushing central banks into more aggressive unconventional monetary policies.
AMERICAN asset management firm Franklin Templeton has appointed Dora Seow its country head for Singapore, effective Oct 1.
THE world's largest wealth manager UBS is actively reviewing certain sectors or geographies in which the bank has exposure in this region. However, its focus now is not on cutting, but on slowing the pace of hiring, said its top executive in the Asia-Pacific.
SINGAPORE banks' overseas exposure will be a key source of their non-performing loan (NPL) growth from the "inflexion point" of Q2 this year, based on an analyst's study on NPL factors using machine-learning algorithms.
DBS is gunning for a 7 to 8 per cent annual growth in assets under management (AUM) over the next couple of years, bringing its current AUM base of about S$234 billion to S$300 billion by 2023, its newly minted group head of consumer banking and wealth management business Lim S Sim told The Business Times.
THE ongoing US-China trade war and the murky economic outlook appear to be keeping Asia's rich awake at night - at least, more so than their peers in the West.
DBS Bank on Wednesday launched its first multi-tier financing facility on a logistics blockchain platform to help small and medium-sized enterprises (SMEs) in China get faster access to trade financing.
