An important resource for the dynamic banking and financial industry, providing a definitive list of banks, financial institutions in Singapore.

IN THE NEWS

UOB gets nod to expand branch network in Vietnam

Hanoi, Vietnam UNITED Overseas Bank (UOB) is on track to become the first Singapore bank to set up a network of branches in Vietnam. The State Bank of Vietnam announced on Thursday that it has given its in-principle approval for UOB to be granted a foreign-owned subsidiary bank licence by June. The announcement by Vietnam's central bank was made on the third day of Singapore Prime Minister Lee Hsi...


Keen competition keeping S'pore motor premiums steady

GOOD news for motorists - insurance premiums will stay flat this year as competition continues to be keen. The General Insurance Association of Singapore (GIA) said that, despite last year's industry predictions that premiums had bottomed out, "a notable feature in the motor insurance industry in 2016 was the entry of new market players". "This is good as it offers motorists more options," said G...


Next financial crisis may be triggered by a cyberattack, says MAS chief

EMERGING technologies help reduce risks in the financial sector, but they may also accentuate some risks or even create new ones, such as cyberattacks and runaway algorithms, warned Ravi Menon, managing director of the Monetary Authority of Singapore. In his keynote address at an annual forum by the Australian Securities and Investments Commission in Sydney on Monday, he said cyberattacks, which...


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