Carbon tax will push up costs for electricity in Singapore

SINGAPORE: The carbon tax announced in Singapore’s Budget will push up costs for power generators and translate into higher electricity prices for consumers, companies and economists say. But some welcomed the move, saying it could spur the development ... ( read original story ...)

HDB Loan vs Bank Loan – What Should You Consider?

If you are considering purchasing a home in Singapore, you have two options: HDB or private properties. For those buying a HDB flat, which represents about 80-90% of the market, deciding on whether to get a HDB concessionary loan or a HDB bank loan can be ... ( read original story ...)

Standard Chartered shares tumble after 'wrenching' year

The boss of Standard Chartered conceded the emerging-markets focused bank had endured a “wrenching” year that saw it creep back to profit but took it no closer to restoring its dividend. Bill Winters, who took the helm at the lender in 2015 and ... ( read original story ...)

Samsung Pay now available in Malaysia with Maybank, Citibank, etc

After launching in Australia, Singapore, and Thailand, it’s now the the turn of Malaysia. The mobile payment system is finally available in the country through its partnership with major banks like Maybank, Citibank, Standard & Chartered, as well as Visa ... ( read original story ...)

NZ could host Singapore's fighter jets at Ohakea

Singapore is eying Ohakea air base in Manawatu as a potential base for one of its own Air Force squadrons of F15 fighter jets. Up to 500 people would be stationed in or near the base in the region. Defence Minister Gerry Brownlee confirmed that the ... ( read original story ...)

RBC reviews Asia wealth business for possible sale: sources

RBC’s main wealth management markets in Asia are Hong Kong and Singapore, the region’s two biggest wealth hubs. “There will definitely be a question mark over profitability of this kind of a business that lacks scale,” said a person with knowledge ... ( read original story ...)

Singapore rattles sharing economy change

SINGAPORE: Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia. The rules, some say, are a sign that ... ( read original story ...)

Singapore's manufacturing output up 2.2% in January

SINGAPORE: Singapore's manufacturing output in January rose 2.2 per cent from a year ago, on the back of strong growth in the precision engineering and electronics clusters. Excluding the more volatile biomedical manufacturing, output grew 7 per cent ... ( read original story ...)

Singapore Morning News Roundup For February 24

Welcome to the Singapore morning news roundup by AEC News Today, your one stop for Singapore news on matters of governance and policies affecting Asean business communities. Disrupting the disruptors: Singapore rattles sharing economy with rule change ... ( read original story ...)

Singapore dollar hits all-time high against Malaysian ringgit

SINGAPORE: The Singapore dollar hovered at an all-time high against the Malaysian ringgit on Friday (Feb 24), peaking at 3.1687 earlier in the day before easing back to 3.1643 in afternoon trade. An outperformance of the Singapore currency, rather than a ... ( read original story ...)

Singapore stocks end down 0.65 pct

SINGAPORE, Feb. 24 (Xinhua) -- Singapore shares closed 0.65 percent lower on Friday. Singapore's benchmark Straits Times Index fell 20.54 points to 3,117.03 points. Trading volume was 3.19 billion shares worth 1.43 billion Singapore dollars. Decliners ... ( read original story ...)

Singapore carbon tax to hit Shell, ExxonMobil margins: Analyst

Oil majors Royal Dutch Shell and ExxonMobil could see a 10 to 15 per cent hit to profit margins at their Singapore refineries when the city state imposes a carbon tax in 2019, one analyst told CNBC. On Monday, Singapore announced its intention to introduce ... ( read original story ...)

Singapore inflation up 0.6%

It reflected higher oil-related item prices and higher services inflation. Consumer prices in Singapore is on a steady increase leading to January, as CPI-All Items inflation and MAS Core Inflation rose to 0.6% and 1.5% respectively, from 0.2% and 1.2% in ... ( read original story ...)

Best fixed-rate mortgages: two, three, five and 10 years

Rates on two, five and 10-year fixed deals have fallen following a surge in late 2015, when Mark Carney, Governor of the Bank of England, made comments suggesting that a rate rise was imminent. Now, they appear poised to head back up again. Wholesale ... ( read original story ...)

Singapore Market May Inch Higher Again On Friday

(RTTNews.com) - The Singapore stock market has moved higher in back-to-back sessions, gathering almost 45 points or 1.5 percent along the way. The Straits Times Index now rests just above the 3,135-point plateau, and the market may open slightly higher ... ( read original story ...)