Local banks earn high profits in Q1 Business

Local banks earn high profits in Q1

In the first quarter of this year, all local banks reported high profit growth amid the impact of the COVID-19 pandemic. However, the profit growth does not reflect the complete economic picture, according to banking insiders.
Singapore to extend debt relief scheme World

Singapore to extend debt relief scheme

Singapore will soon adjust its debt moratorium schemes, with the regulator looking to extend the programmes to certain borrowers beyond December 31 this year, while also ensuring that those with the ability to pay should begin repayment before the moratoriums expire.
Administrative reforms crucial to capitalisation of EVFTA: dialogue Business

Administrative reforms crucial to capitalisation of EVFTA: dialogue

Reforming administrative procedures and improving infrastructure quality are decisive factors in capitalising on the EU-Vietnam Free Trade Agreement (EVFTA), heard a dialogue between officials of Ho Chi Minh City and the European Chamber of Commerce in Vietnam (EuroCham) on July 28.
Singaporean banks record spike of deposits  World

Singaporean banks record spike of deposits

Singapore is witnessing a jump in deposits in local banks, which reflects investors' risk aversion and inflows from other markets, including Hong Kong (China), said Bloomberg Intelligence.