• MAS eyes integrated insurance market in Southeast Asia

    Speaking at the ASEAN Insurance Summit in Yogyakarta, Indonesia, Monetary Authority of Singapore Insurance Department Head Lee Keng Yi said Singapore envisages an integrated ASEAN insurance market. This integrated market is a liberalised market place which will facilitate a wider distribution of risks through cross border …

  • What Exactly Do Insurance Riders Do For You and Should You Bother Getting One?

    You can pick whatever ingredients you want to add but they’re always served with a portion of rice.  When it comes to health insurance, your Integrated Shield Plan is the rice, and the extra ingredients are called riders. In simple terms, when you make an insurance claim, a portion of your bill still needs to be paid by …

  • Singapore's new insurance businesses dip 1% in 3Q

    It also declined 4% compared with 2Q. The Life Insurance Association Singapore (LIA Singapore) announced industry results for the period January to September 2016 (YTD 3Q2016). On an annual basis, data ...

  • 3 Ways Singaporeans Can be Encouraged to Make Fewer Medical Insurance Claims

    While a recent report by the Health Insurance Task Force threw up suggestions such as introducing medical fee guidelines and introducing co-payment features, one thing they neglected was the underdeveloped state of primary care in Singapore. People can easily seek treatment in emergencies or for serious problems, but the …

  • OCBC's Q3 net profit jumps 5% to $943m Singapore Business Review
    OCBC's Q3 net profit jumps 5% to $943m

    The improvements came from wealth management, insurance, and Indonesia. OCBC  reported a net profit after tax of S$943 million for the third quarter of 2016. The bank noted that the earnings performance over both periods was underpinned by strong performance in non-interest income, particularly fees from wealth management …

  • Great Eastern Holdings' net profit skyrockets 182% to $197.7m

    Third quarter turned out greatly for Great Eastern Holdings as it recorded almost thrice of its last year's profit of $70m. Overall insurance business saw an uptick to $171.1m, on the back of higher contribution from Investment-linked Fund in its Malaysia business. The group's Chief Executive Office Khor Hock Seng said …

  • How Exactly Does Critical Illness Coverage Work in Singapore?

    In the same way, you shouldn’t be going through life without enough insurance coverage. While term life insurance and whole life insurance policies cover you should you die suddenly, or suffer permanent disability, many don’t automatically cover you in the case of critical illness. Instead, insurers expect you to pay …

  • China property and casualty insurance sector headed for moderation

    Rating agency Moody's is expecting a modest premium growth for the property and casualty (P&C) insurance sector in the coming 12-18 months on the back of slowing GDP growth and increasing price competition under the new non-mandatory motor pricing regime.  Total P&C premium growth, it said, will moderate to high-single …

  • No 'outright recession' for Singapore but negative growth looms, says MTI

    Finance, insurance, and wholesale trade still face external headwinds. With the weak economic indicators for the past several months including rising unemployment, slower growth projections and weak global economic outlook, some analysts are already saying that Singapore is already in technical recession. In a speech …

  • Court grants judicial management to Swiber; Retail sector remains stuck in the doldrums

    And here are 5 insurance plans for women in Singapore. The high court of Singapore has put locally-based firm Swiber Holdings under judicial management while it reorganizes debt. According to the court ...

  • Depressing days loom over Singapore’s online hiring for finance professionals

    Online hiring activity is expected to be subdued in Singapore, with the finance sector likely to continue suffering from manpower crunch. While the IT and hospitality sectors continue to be the bright spots, the banking, financial service, and insurance (BFSI) sector continued to report the sharpest decline in online hiring …

  • Medication prescription errors among the top healthcare concerns of Singaporeans: report

    According to a report by AIG, medical prescription errors are also a top concern as more patients get treated by multiple public and private healthcare professionals. “Out of 141 complaints, one of the most common causes was professional negligence or incompetence which accounted for 28 per cent of complaints,” the report …

  • OCBC mulls divesting stake in engineering services firm

    OCBC and its affiliates were reportedly weighing the sale of their stake in United Engineers (UEL) yet again. According to a report on Bloomberg, OCBC and its insurance arm Great Eastern Holdings, are working with an adviser to start gauging interest. This is confirmed by a statement released by UEL.

  • Demand for medical malpractice insurance to spike in the next five years

    Senior healthcare organisations forecast to take up 40%. Demand for medical malpractice insurance by senior healthcare organisations in Singapore is forecast to grow by 40 per cent over the next five years, according to AIG Asia Pacific Insurance Pte. Ltd. ('AIG Singapore'). Similarly, the take-up rate for malpractice …

  • Here’s Why The Digitization of the Insurance Industry is Going To Have a Huge Impact For Singaporeans

    When some Singaporeans think of insurance, they still get nightmares of their army or university friends whom they haven’t spoken to for ages suddenly giving them a ring to “meet up for coffee”. The truth is the insurance industry as a whole still has a long way to go in terms of making any real progress in engaging its …

  • Financial sector sees no light at the end of the tunnel for Q4

    According to Singapore Commercial Credit Bureau's latest quarterly Business Optimism Index (BOI), the slowdown in bank loan growth as well as lacklustre performance in the insurance sector took a jab at the sector's' outlook. To recall, Singapore's bank lending continues to creep lower, recording a 2.2% decline in July …

  • 3 Steps To Transform Yourself From That Guy Who Knows Nobody To Someone With Tons of Business Contacts

    You can never have enough money in Singapore, and besides, there’s no telling when you’ll get retrenched or get so fed up end up firing your own boss. There are many ways to earn a side income—give tuition to other people’s kids in the evenings, moonlight in the insurance or real estate industry, do freelance work, sell …

  • Online hiring for Singapore-based bankers spiraled down by 8%

    As recruiters consider hiring contract workforce to meet short-term demands, Singapore's online financial sector hiring continues to face a downward trend, with a reported 8% decline YoY in July. According to the employment index of Monster Worldwide (MEI), online hiring in Singapore experienced a 2% annual decline in …

  • Insurance segment to drive Silverlake's growth, say analysts

    After posting strong Q4 results, Silverlake Axis Ltd. (SAL) has nothing but good to come its way, as banks are expected to invest continuously in its maintenance and enhancement services. According to RHB analyst Jarick Seet, SAL can rely on financial institutions spurring spending on digital banking and FinTech solutions. …

  • Singapore business turnovers creep up 1.1% in 2Q16

    Thanks to well-performing recreation and business services industries. On a yearly basis, revenue of the services industries also inched up 0.4%. Non-seasonally adjusted QoQ figures released by the Department of Statistics revealed that majority of the services industries had higher revenues this quarter with education …

  • Floundering financial services sector hurt Singapore GDP growth

    Singapore’s banks surely aren’t having a good time right about now as loan exposures and NIM figures came out disappointing. To make matters worse, the domino effect has reached Singapore’s GDP growth as the Ministry of Trade and Industry (MTI) revised it down to 2.1% due to weaknesses in the services sector--including …

  • Weighted new business premiums spike 13% to $1.52b in H1

    Market volatility pushed consumers to risk-averse options. According to latest figures by the Life Insurance Association Singapore (LIA Singapore), the preference for non-linked premium products over linked products stayed consistent across H1 against the backdrop of global market uncertainty. Of this, single premium …

  • OCBC’s net profit plummets by 15% to $885m in 2Q

    The banking giant suffered blows dealt by a decline in investment income as well as unrealised mark-to-market losses in its insurance portfolio as it saw its bottomline crash by 15%. According to a press release by OCBC, the results weren’t at par with last year’s strong quarter, which included a substantial gain from …

  • Daily Briefing: OCBC profit slumps 15%; Commercial property market to plummet further

    Oversea-Chinese Banking Corp., Southeast Asia’s second-largest lender, reported a 15 percent decline in quarterly profit as loans contracted and income from its insurance unit slumped. Singapore’s commercial property market is in mid-downturn, or is yet to hit rock bottom before rebounding, said Royal Institution of Chartered …

  • 4 Mistakes Singaporeans Make When They Feel Broke

    Being broke in Singapore sucks, and that’s not just because everyone here judges people based on the amount of money they have (the way bankrupt people are treated in Singapore, it’s like they’re below algae on the food chain). While MediShield Life and private health insurance can save you from financial ruin if you get …

More »
 

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4260+0.0075+0.53%
    USDSGD=X
    1.5053-0.006-0.40%
    EURSGD=X
    1.8073+0.0051+0.28%
    GBPSGD=X
    79.7340+0.0020.00%
    SGDJPY=X
    5.4371-0.0241-0.44%
    SGDHKD=X
    3.1202-0.0057-0.18%
    SGDMYR=X
    9,474.4756-53.2754-0.56%
    SGDIDR=X
    4.8307-0.0179-0.37%
    SGDCNY=X
    1.0594+0.0022+0.21%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,170.90+4.00+0.34%
    GCZ16.CMX
    16.67+0.24+1.45%
    SIZ16.CMX
    82.30+2.99+3.77%
    ^XAU
    2.62-0.01-0.48%
    HGZ16.CMX
    51.21+0.15+0.29%
    CLF17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.83-0.06
    ^FVX
    2.39-0.05
    ^TNX
    3.06-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.162+0.001+0.62%
    N21.SI
    0.185+0.002+1.09%
    SK3.SI
    2.20+0.04+1.85%
    MC0.SI
    0.845-0.010-1.17%
    Y92.SI
    0.107+0.001+0.94%
    5I0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.225+0.015+7.14%
    BTF.SI
    0.52+0.03+6.12%
    BQD.SI
    0.475+0.030+6.74%
    43F.SI
    0.19+0.01+5.56%
    PH0.SI
    0.44+0.01+3.53%
    P19.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    1.12-0.09-7.44%
    5SR.SI
    0.675-0.045-6.25%
    564.SI
    0.230.00-2.13%
    RE4.SI
    0.795-0.030-3.64%
    T14.SI
    0.113-0.004-3.42%
    5AM.SI
 
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