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Country: Singapore

Singapore cracks down on tax evasion through banks

(17 May 2013 – Singapore) A new law in Singapore due to take effect in July will impose hefty penalties...

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Asian banks slide down world rankings

(10 May 2013 – Singapore) Singapore’s Oversea China Banking Corporation (OCBC) has been knocked off its top spot as the...

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UOB Mobile records 1 million transactions per month

(04 April 2013 – Singapore) United Overseas Bank (UOB) has recorded 1 million mobile-based transactions each month, with over 70...

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Singaporean banks increase lending to SMEs

(22 March 2013 – Singapore) Singapore’s banks have boosted lending to small and medium sized enterprises, as the businesses expand...

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Predictions of a tough 2013 for Singapore banks

(06 March 2013 – Singapore) Singapore banks’ earnings have fallen short of expectations according to a source, which now believes...

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OCBC to optimise Indonesian expansion

(21 February 2013 – Singapore) Singapore’s longest established bank, OCBC Group, now has 350 branches in Indonesia and has plans...

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Singapore growth stabilises at 10 percent

(18 January 2012 – Singapore) Singapore banks’ loan growth has moderated to 10 percent according to a source.According to the...

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CIMB reports 12.6% rise in profits for first nine months

(23 November 2012 – Singapore) CIMB Group has reported a record net profit of RM3.263 billion (A$1.02 billion) for the...

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Stanchart with MasterCard launch card with touch-sensitive buttons

(9 November 2012 – Singapore) MasterCard Worldwide, in collaboration with Standard Chartered Bank Singapore (Stanchart) has unveiled the country’s first...

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Singapore telcos set up for NFC mobile wallets

(28 August 2012 – Singapore) Singapore wireless operators SingTel and M1 have both launched mobile contactless payments services, enabling customers...

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