Singapore and Myanmar will begin discussions on a bilateral investment treaty and avoidance of double taxation, in a sign of growing economic ties between the two countries. This move will send a positive signal to investors and boost economic growth, said ... ( read original story ...)
Apple Pay now extended to HSBC cardholders in Singapore
SINGAPORE — HSBC cardholders in Singapore can begin using the Apple Pay mobile payment and digital wallet service from Thursday (Dec 1), the bank has announced. As part of its launch promotion, customers who link their HSBC creditcards to Apple Pay will ... ( read original story ...)
DBS eliminates a dozen jobs at brokerage as trading slumps
SINGAPORE —DBS Group Holdings cut at least 12 roles across Asia at its brokerage unit, the latest bank to shrink its trading desk as volumes slump. DBS Vickers Securities is rationalising its institutional business unit as it seeks to be “more ... ( read original story ...)
Singapore one of lowest tax-GDP ratio among Asian economies: OECD
SINGAPORE: Singapore is among the lowest-taxed economies in South-east Asia and among economically advanced nations as a whole, according to a report issued on Tuesday by the Organisation for Economic Co-operation and Development (OECD). Only Indonesia ... ( read original story ...)
Singapore, Japan central banks agree on currency swap line
SINGAPORE (Reuters) - The Monetary Authority of Singapore (MAS) and the Bank of Japan have established a local currency swap agreement, the MAS said on Wednesday. The agreement allows for the exchange of local currencies between the two central banks of up ... ( read original story ...)
Room for more at Singapore Sevens
The global economy looks shaky in the next few years, but organisers of the Singapore leg of the HSBC World Rugby Sevens Series are still confident of pulling in the fans next April. The slowing economy has already affected this year's edition of the ... ( read original story ...)
DBS, Bank of Singapore in acquisition mode
Acquisition this year amounted to $400m. DBS Group Holdings Ltd. and Bank of Singapore, Asia’s largest home-grown private banks, will consider more acquisitions as they grapple for a bigger slice of business from the region’s growing number of ... ( read original story ...)
Singapore businesses ‘not too worried’ as TPP's fate hangs in the balance
According to the Singapore Business Federation (SBF), the local business community has "not expressed any concerns so far with regard to the TPP". Given the scale and complexity of the agreement, its ratification and implementation was not going to be ... ( read original story ...)