SINGAPORE – Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) – the first two Singapore-listed banks to release their financial results on Thursday (July 28) – turned in mixed performances but cautioned that the oil and gas sector remains a…
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OCBC, UOB report mixed performances
Singapore's Swiber files to wind up company, hit by oil slump
SINGAPORE – Singapore oil field services firm Swiber Holdings Ltd said it had filed an application to wind up the company and a Singapore court had appointed provisional liquidators, the latest local casualty of the slump in oil prices.
“The company’s…
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OCBC Q2 profit shrinks 15% on lower insurance income
Earnings contributions from insurance subsidiary Great Eastern fell 66 per cent to S$78 million, compared to S$230 million a year ago.
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UOB Q2 profit rises 5.1% on higher trading income
The profit increase was mainly due to a 13.9 per cent rise in non-interest income, driven by higher net trading income on improved performance from trading activities.
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UOB Q2 profit up 5.1% to S$801m
The profit increase was mainly due to a 13.9 per cent rise in non-interest income, driven by higher net trading income on improved performance from trading activities.
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GIC trains sight on healthcare, commodities sectors
SINGAPORE – Amid tough times ahead, Singapore’s sovereign wealth fund GIC said it would look for opportunities in the healthcare sector, as well as the beaten-down commodity space.
“Even as we expect the real returns for the GIC Portfolio to be lower…
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GIC sees lower returns, warns of tougher times
SINGAPORE – GIC warned that it could see low returns for up to 20 years partly because of an uncertain global economic and earnings environment, as the Republic’s sovereign wealth fund manager posted its weakest performance since 2013.
GIC, which manages…
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Our Blocks Rock party moves to Bedok Reservoir-Punggol this weekend
Residents of the Bedok Reservoir-Punggol area, prepare to party as Our Blocks Rock moves to your neighbourhood this weekend.
A cool, modern take on the pasar malam, the block parties aim to make “harmony happenin'”, for…
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Winning MUS 2014 was ticket to her modelling career
When Rathi Menon won the Miss Universe Singapore (MUS) crown in 2014, there appeared to be a renewed faith in Singapore’s chances at the international pageant.
Netizens threw their support behind the leggy 1.75m-tall beauty,…
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Robot Kitty event staff: Organiser owes us $50,000
More than 70 peoplewho worked for Mighty Eight, organiser of Robot Kitty Singapore, as temporary crew members last month (June), have claimed they are owed salaries amounting to $50,000 in total.
They are mostly students who…
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