OCBC's shift from offshore exposure to sustainable financing no less challenging
WITH the recent slashing of OCBC's exposure to the offshore support vessels (OSV) sector, the question is whether the bank's plan to rev up its sustainable finance portfolio will be able to make...
Singapore banks juice up data drive to customise personal finance
CALL it the next Spotify or Netflix - but for banking. Singapore banks are boosting their efforts in the game of amped-up customisation for retail customers. DBS is the latest to convert customer...
Singapore timber trading scion sets sights on financing business in Indochina
SINGAPORE'S Evergreen Assets Management is looking to sink its roots in Indochina, with plans to raise S$100 million to expand its financing business in this part of the fast-growing region.
Bringing home back-office bank jobs won't fix labour tensions: analysts
WITH unemployment set to rise amid Singapore's deepening recession, there have been calls of late to bring home back-office jobs in the banking industry that have been offshored to countries with...
Vegetable wholesaler CCL Group sets sights on consumer business
WHEN the Covid-19 pandemic struck earlier this year, vegetable wholesaler CCL Group saw its sales halve, as the food establishments that it usually supplied to were hard-hit by the circuit breaker...
Franklin Templeton merges with Legg Mason, with 'minimal cuts' in Singapore
FRANKLIN Templeton has completed its merger with fund management company Legg Mason at end-July with minimal staff cuts in Singapore, with the US offices absorbing most of the 8 per cent staff...
Singapore bank lending continues to slide in June
BANK lending in Singapore continued its decline for the fourth consecutive month in June, dragged down by business loans and consumer loans amid the uncertainty from the ongoing Covid-19 pandemic...
Singapore bank lending extends fall in June for fourth consecutive month
BANK lending in Singapore continued its slide for the fourth consecutive month in June, dipping 0.7 per cent from the previous month to come in at S$680.36 billion, preliminary data from the...
OCBC sees no long-term impact from Covid-19 on sustainable financing ambitions
COVID-19 will not have a long-term impact on OCBC's sustainable financing ambitions, even as companies' attentions are now diverted to immediate issues as they struggle with the pandemic fallout...
Singapore Wirecard merchants scramble to jump ship
SINGAPORE merchants that use Wirecard to process payments are quickly switching to the beleaguered fintech's competitors, spooked by the downfall of the Wirecard parent that has collapsed into...