Silverlake Axis stresses growth as current priority; does not rule out privatisation

The company says that one of its goals is to hit the RM1 billion revenue mark, about 25% higher than the most recent FY2022.

Banking & finance

What do accountants do? Much more than you think

I cannot imagine how businesses will function without accountants


OCBC posts 43% fall in 1Q20 earnings to $698 mil

Oversea-Chinese Banking Corporation (OCBC) posted a 43% y-o-y fall in core earnings to $698 million for the 1Q2020 ended March, from $1.23 billion a year ago.


UOB posts 19% fall in 1Q20 earnings to $855 mil, doubles impairment charges due to 'weak macro conditions'

UOB Group reported net earnings of $855 million, down 19% y-o-y for 1Q2020 ended March, on declining interest rates and higher credit costs.

Banking & finance

Are banks the dinosaurs of the digital age?

(Jan 31): It is a common narrative in some circles: established banks are dinosaurs about to be disrupted. This story seems intuitive because it echoes the disruption we have seen in other industries, from the way that new players moved shopping online in

Banking & finance

UBS, Morgan Stanley cutting Asia investment banker bonuses

Asia has struggled to maintain a long boom, in part as China’s economic growth has slowed to a three-decade low, pressured by the U.S. trade war and tightening bank liquidity.

Banking & finance

Singapore moves to switch bank lending rate benchmarks

SINGAPORE (Aug 30): Singapore’s banking body on Friday said it would shift away from using Singapore dollar swap offer rates (SOR) as a key lending benchmark due to likely discontinuation of the London Interbank Offered Rate, which heavily influences SO


The one job in banking the robots cannot take

SINGAPORE (Sept 2): When HSBC Holdings thwarted a US$500 million ($694 million) central-bank heist, sophisticated computer software did not raise the alarm. The funds flowed undetected from Angola’s reserves to a dormant company’s account in London. I


Grab eyes Singapore banking licence as regulator studies virtual banks

SINGAPORE (June 17): Grab, Southeast Asia’s most valuable start-up, is exploring a move into Singapore banking as regulators in the city state consider allowing online-only banks into its market, four people with knowledge of the process say.

Startups, Entrepreneurs, Digital economy

New UOB-Mastercard partnership targets SMEs with free golf club access, hotel & dining perks

SINGAPORE (May 28): United Overseas Bank (UOB) and Mastercard today announced the launch of the UOB Regal Business Metal Card, the region’s first World Elite Mastercard metal card for small- and medium-sized enterprises (SMEs).