cyber threats

Cyber threats now top risk for banking and capital markets CEOs

SINGAPORE (Mar 23): Cyber threats have replaced over-regulation as the top concern for banking and capital markets (BCM) CEOs.

According to PwC Singapore’s Driving change: no magic solutions, just hard work report, 89% of BCM CEOs are worried about their cybersecurity, while 93% will be investing more heavily in it this year.

Despite their worries on cyber threats, BCM CEOs are bullish about the economic growth, with 57% believing that it will improve over the next 12 months, compared to only 30% in 2017.

Two oil & gas players to 'buy' as Brent crude oil uptrend remains intact

SINGAPORE (Jan 23): DBS Vickers Securities is maintaining its “overweight” stance on the oil and gas (O&G) sector given the recent oil price rally, which has driven up O&G stocks to directly benefit oil majors leading the rally.

In a Tuesday report, lead analyst Suvro Sarkar says the average Brent crude oil price for 2018 could end closer to the higher range of US$60-65 per barrel (/bbl) as forecasted by DBS – a healthy 15-20% improvement over the 2017 average of US$55/bbl.

CEOs optimistic on global economic outlook for 2018, but threats to growth remain

SINGAPORE (Jan 23): A record-breaking 57% of chief executive officers (CEOs) believe global economic growth will improve in the next 12 months, according to the latest data from PricewaterhouseCoopers’ 21st survey of almost 1,300 CEOs around the world.

In a media release on Tuesday, the professional services firm highlights that the latest figure is almost double that of last year (29%), and the largest-ever increase since PwC began surveying business leaders about global growth in 2012.

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