In The News

Rosy mid-year picture for Maybank

MAYBANK Singapore mirrored the performance of its parent for the first half-year, delivering a pre-tax profit of $209.1 million, up 5.6 per cent. At the group level, Maybank achieved a 5.7 per cent rise in pre-tax profit to RM4.45 billion (S$1.76 billion) for the six months ended June 30, on continued growth in its international operations, particularly in Singapore, and consumer banking...


CPFIS funds post 3.73% Q2 gain

THE roughly 300 investment funds approved by the Central Provident Fund (CPF) continued to do well this year amid liquidity from central banks and low volatility. The average fund under the CPF Investment Scheme (CPFIS) posted a 3.73 per cent return in the three-month period ended June 2014.They gained 11.82 per cent for the 12-month period to June, and 16.68 per cent for the 36-month period to...


Sweet spot for S'pore dollar bonds

INVESTORS' love affair with local bonds shows no sign of letting up as they continue to bask in a sweet spot. Driven by a strong Singapore dollar (SGD) and high yields, the value of issuances in the first three weeks of this month is almost three times that for the whole of August last year. Corporates too are reaping the benefits, with more of those in the mid-tier credit category able to price...


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