UOB posts Q2 profits of S$601m, beating analysts’ expectations

UOB posts Q2 profits of S$601m, beating analysts’ expectations
 
SINGAPORE: United Overseas Bank has posted record earnings for its second quarter.
 
Net profit for the three months ended in June climbed three per cent on-year to S$601 million, beating analysts’ expectations of about S$530 million. It was also 14 per cent higher than the previous quarter. [...]

IEA to remove guidelines on property agents’ commissions

IEA to remove guidelines on property agents’ commissions
 
SINGAPORE: If you’re shopping for a new home or selling one, you can now negotiate with your property agent on the appropriate commission.
 
The Institute of Estate Agents (IEA) will remove its guidelines on property agents’ commissions next month, to fall in line with the Competition Act.
 
Consumer [...]

IEA to remove commission guidelines

IEA to remove commission guidelines
 
The Institute of Estate Agents, or IEA, says it’ll remove its guidelines on property agents’ commissions, starting from September.
 
This comes after the Competition Commission of Singapore said IEA’s commission guidelines may be anti-competitive and so, infringe the competition act.
 
The commission guidelines, put in place some 10 years ago, suggest that [...]