• Japanese life insurers' credit quality under pressure: Moody's

    Blame it on an ultralow interest rate environment. Moody's Japan K.K. has changed the outlook for the life insurance industry in Japan to negative from stable. The change in outlook reflects Moody's expectation that the industry's credit profile over the next 12-18 months will be pressured by a persistent ultralow interest …

  • The 3 Most Bang for Buck Travel Insurance Policies in Singapore

    After all, why bother comparing travel insurance, right? Get the cheapest, since all travel insurance policies are the same, right? Travel insurance policies are very different, not just in cost, but also in the level of coverage you enjoy.

  • Analysts are having nightmares over Singapore's services sector

    3Q figures didn't improve from the 1.2% expansion in 2Q as wholesale & retail and finance & insurance subsectors drag. Singapore’s 3Q GDP grew 1.1% y/y, a markedly lower rate of growth from the 2.0% y/y growth registered in the first half of this year. On a q/q SAAR basis, 3Q GDP contracted 2.0%, a reversal from the 0.1% …

  • Central Provident Fund Investment Scheme funds up 6.22%

    But market remains jittery as a possible interest rate hike looms ahead. Thomson Reuters Lipper revealed its findings on the performance of all unit trusts and investment-linked insurance products (ILPs) ...

  • 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. …

  • 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 …

More »
 

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4246-0.0012-0.09%
    USDSGD=X
    1.5220+0.0019+0.12%
    EURSGD=X
    1.7591+0.0004+0.02%
    GBPSGD=X
    80.1670-0.478-0.59%
    SGDJPY=X
    5.4390+0.002+0.04%
    SGDHKD=X
    3.1179-0.0011-0.04%
    SGDMYR=X
    9,436.7451+30.9307+0.33%
    SGDIDR=X
    4.8209+0.004+0.08%
    SGDCNY=X
    1.0759-0.0017-0.16%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,210.20+8.70+0.72%
    GCG17.CMX
    17.11+0.11+0.66%
    SIH17.CMX
    88.68+1.12+1.28%
    ^XAU
    2.620.00+0.19%
    HGH17.CMX
    52.33+0.96+1.87%
    CLG17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.94-0.01
    ^FVX
    2.47+0.01
    ^TNX
    3.05+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.172-0.002-1.15%
    N21.SI
    0.109+0.003+2.83%
    AAJ.SI
    0.121+0.006+5.22%
    40F.SI
    3.81+0.03+0.79%
    Z74.SI
    0.855-0.005-0.58%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.45+0.12+36.36%
    MR8.SI
    0.44+0.09+25.71%
    AWC.SI
    0.46+0.08+21.05%
    AYB.SI
    0.52+0.07+16.85%
    E8Z.SI
    0.20+0.02+10.50%
    BDN.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.22-0.03-13.73%
    AWI.SI
    0.155-0.015-8.82%
    F86.SI
    0.113-0.010-8.13%
    D79.SI
    0.23-0.02-8.00%
    T18.SI
    0.139-0.011-7.33%
    5NF.SI
 
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