Banking

The company has consistently distributed 40% or more of its earnings to its shareholders

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

I cannot imagine how businesses will function without accountants

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

(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

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.

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

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

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.