Soilbuild Business Space Reit gets S$200m credit facility, to refinance debts

19 Oct 2017 - Business Times Breaking News
THE manager of Soilbuild Business Space REIT has entered into a S$200 million secured facility agreement with OCBC Bank and RHB. The Singapore-listed Reit said after Thursday trading hours, the facility will be partially utilised to refinance an existing S$185 million secured loan in October 2017 with ...
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STI ends Friday's session up 16 points

13 Oct 2017 - Business Times Breaking News
THE Straits Times Index (STI) finished Friday's session with a gain of 16.02 points or 0.49 per cent at 3,319.11, lifted by shares of market movers including OCBC, UOB and ThaiBev.Turnover came in over 2 billion units worth S$1.3 billion. Excluding warrants, the advance-decline score was 271 to 183.Among ...
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Daily Briefing: OCBC to grow outside Singapore; Top chef gives back Michelin stars

13 Oct 2017 - Singapore Business Review
And here are four reasons why insurance companies will not be "disrupted" soon. From The Motley Fool: Oversea-Chinese Banking Corp Limited (SGX: O39) is one of the three main banks in Singapore. It is also one of Southeast Asia’s largest banks with total assets of S$429.6 billion currently. If you’re ...
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Singapore stocks finish higher thanks to hopes of US rate hike in December

12 Oct 2017 - Business Times Breaking News
THE three banks were once again the beneficiaries of expectations that US interest rates will be raised in December with all three ending stronger on Thursday after the overnight release of the minutes of the September US Federal Open Markets Committee meeting which showed that Fed officials believe ...
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OCBC, StarHub invest $6m to push Singapore's “We Economy”

10 Oct 2017 - Singapore Business Review
The collaboration will be centered on Artificial Intelligence (AI) and Internet of Things (IoT) to drive business outcomes across industries. OCBC Bank and StarHub announced the formation of Singapore’s first bank-telco strategic partnership to drive Singapore’s collaborative economy dubbed as “We Economy”. ...
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OCBC, StarHub invest S$6m to drive Singapore's 'We Economy'

9 Oct 2017 - Business Times Breaking News
HOMEGROWN big names OCBC and StarHub on Monday announced a S$6 million bank-telco partnership to drive Singapore's "We Economy" and better serve their customers. Both companies - whose combined market cap is over US$50 billion - will invest S$6 million over the next 12 months in research and technology, ...
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Broker's take: UOB Kay Hian keeps 'buy' on OCBC ahead of results

6 Oct 2017 - Business Times Breaking News
UOB Kay Hian maintained its "buy" call on OCBC Bank on Friday, as it foresees higher loan growth and net profit for the bank's third quarter results. The broker cited a few reasons for its view. First, it expects OCBC to register a healthy loan growth of 1.5 per cent in Q3 2017, driven by trade finance, ...
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Singapore shares close higher as banks push STI up 25 points

5 Oct 2017 - Business Times Breaking News
AFTER a two-day correction (or a bout of short-selling), a rebound (or short-covering) in the three banks on Thursday helped elevate the Straits Times Index (STI) by 25.19 points to 3,261.84.Turnover, however, was a low 1.2 billion units worth S$957.3 million and excluding warrants, there were 258 rises ...
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Hey Siri, transfer money: OCBC introduces voice commands for business transactions

4 Oct 2017 - Business Times Breaking News
OCBC'S business customers will soon be able to conduct fund transfers and check their account balances, all without lifting a finger. Starting Oct 9, over 120,000 Singapore-registered users of OCBC's Internet business banking portal Velocity@ocbc can use their iPhones' smart assistant Siri to perform ...
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Singapore stocks finish lower; traders switch out of local banks into China banks in HK

3 Oct 2017 - Business Times Breaking News
DESPITE a jump in the Dow futures, the Straits Times Index (STI) was weak throughout Tuesday's session, most likely due to traders switching out of Singapore banks and into China banks trading in Hong Kong (or H-shares as they are known), following news over the weekend that the People's Bank of China ...
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