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IN THE NEWS

Manulife ousts Aviva to clinch US$1.2b tie-up with DBS

SingaporeCANADIAN life insurer Manulife Financial Asia has edged out incumbent UK-based Aviva by agreeing to pay local lender DBS bank US$1.2 billion (S$1.6 billion) so that it can distribute its life and health insurance products through bank branches in Singapore, Hong Kong, China and Indonesia.The 15-year exclusive regional deal signed in Hong Kong, starts on Jan 1, 2016. It paves the way for...


Infrastructure, banking to receive financial boost

KAZAKHSTAN'S Nurly Zhol policy, recently announced by President Nursultan Nazarbayev has been hailed as a far-sighted and prudent one that takes into consideration global economic realities.First articulated in the president's state of the nation address for this year, the policy advocates bold steps to continue structural reforms and reduce the reliance on extractive industries.This has already...


Credit Suisse launches private banking app here

CREDIT Suisse's private banking clients in Singapore will be the first among its customers worldwide to use a new service that lets them trade online as well as access services provided by their relationship managers. The service comes via an iPad app, launched yesterday, after an intense seven-month development process that cost the Swiss bank several million Swiss francs. Credit Suisse said it...


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