Wherever you look in Singapore, it seems, there is usually a bank staring back at you. With a population of 3m, Singapore is one of the most over-banked countries in the world. Considering the relative homogeneity of the domestic economy and that the mortgage market is heavily subsidised by the government, it is hardly surprising Singapore's five leading banks achieve such unimpressive returns on equity....more

BONDS
Pivotal to a wider ambition  Mar 30

STOCK AND DERIVATIVES MARKETS
A mountain still to climb  Mar 30