News
OCBC warns of slower loans growth, margin pressure
in.reuters.com
[Reuters] - "There is a marked slowdown in loan growth compared with second quarter 2011's 9.4 percent sequential expansion, with general commerce loans bearing the brunt," CIMB analyst Leng Seng Choon said in a note on OCBC's results. "By geography, loans to
53 spa customers to benefit from industry insurance scheme
www.channelnewsasia.com
[Channel News Asia] - Currently, 221 spa and wellness outlets are accredited, out of an estimated 1,400. CASE executive director, Seah Seng Choon, said of the 221 accredited outlets, 123 provide prepaid spa packages or collect prepayments. Hence, they are required to have
Cash is still king for some retailers
www.channelnewsasia.com
[Channel News Asia] surcharges or demand minimum purchases. While banks here put the onus on consumers to know their rights, Consumers Association of Singapore (CASE) Executive Director Seah Seng Choon reiterated that public education efforts should be stepped up.
Singapore Exchange 4Q Profit May Drop Amid Equities Slump
www.bloomberg.com
[Bloomberg] - “Equities is still the bulk of the revenue, so that will be the key consideration,” said Leng Seng Choon, an analyst at DMG & Partners Securities in Singapore. “I see growth potential in derivatives, but the question is how many more months or years
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