Singapore has been ranked by Asian ultra-high-net-worth individuals (UHNWIs) as the second most preferred destination to acquire a residential property overseas after the UK, revealed Knight Frank’s latest Wealth Report. This comes as concerns over ... ( read original story ...)
DBS CEO says wealth management to account for a fifth of bank's revenue
SINGAPORE DBS Group Holdings Ltd expects to expand its wealth management operations as Asia's wealth grows, accounting for as much as 20 percent of the bank's total income over the next few years, Piyush Gupta, the CEO of Southeast Asia's largest bank by ... ( read original story ...)
NEWSMAKER-DBS CEO says wealth management to account for a fifth of bank's revenue
SINGAPORE, March 2 DBS Group Holdings Ltd expects to expand its wealth management operations as Asia's wealth grows, accounting for as much as 20 percent of the bank's total income over the next few years, Piyush Gupta, the CEO of Southeast Asia's largest ... ( read original story ...)
Newsmaker: DBS CEO says wealth management to account for a fifth of bank
SINGAPORE DBS Group Holdings Ltd expects to expand its wealth management operations as Asia's wealth grows, accounting for as much as 20 percent of the bank's total income over the next few years, Piyush Gupta, the chief executive of Southeast Asia's ... ( read original story ...)
DBS CEO says pain from oil and gas downturn taken in 2016
SINGAPORE (Reuters) - The worst of the pain from the oil and gas downturn was felt by Singapore banks and other lenders in the region in 2016, DBS Group Holdings Ltd Chief Executive Piyush Gupta told a Reuters Newsmaker on Thursday, forecasting an improved ... ( read original story ...)
Mastercard and Singapore’s transport authority test contactless cards while eying mobile payments
in Singapore have teamed up to launch a pilot programme enabling commuters to pay for transit fares using contactless payment cards through an account-based ticketing (ABT) system, reports Paybefore (Banking Technology‘s sister publication). Although ... ( read original story ...)
India revises tax treaty with Singapore
NEW DELHI: India’s revised tax treaty with Singapore, aimed at checking round-tripping of funds, has come into force. While most clauses of the amended treaty signed on December 30 took effect from February 27, the principal clause allowing levy of ... ( read original story ...)
ERA owners exploring IPO for Singapore's biggest property agency
Northstar Group said it is in the early stage of exploring an initial public offering of Singapore's biggest real estate agency ERA Realty Network, which has turned out to be one of its top-performing investments thus far. But the Singapore-headquartered ... ( read original story ...)
Fitch Rates DBS Bank's Callable Range Accrual Notes 'AA-emr'
(The following statement was released by the rating agency) SINGAPORE, March 01 (Fitch) Fitch Ratings has assigned DBS Bank Ltd.'s (AA-/Stable) USD20m 15-year callable range accrual notes due 13 March 2032 (ISIN: XS1567334666) a rating of 'AA-emr'. ( read original story ...)
Singapore dollar on sets another record against Malaysian Ringgit
SINGAPORE: The Singapore dollar crossed another milestone against the Malaysian Ringgit, hitting a record high of S$1 to RM3.1728 around 1.50pm on Tuesday (Feb 28). This comes just four days after the Singdollar surpassed the RM3.16 mark. The exchange rate ... ( read original story ...)
Singapore teen falls to his death in Snapchat subway stunt gone wrong
jumped over the railing at a Singapore mall hoping to land safely on a ledge just beneath him. But the ledge couldn’t support Chow’s weight and he fell through the plasterboard material to his death four floors below, according to local news outlet TODAY. ( read original story ...)
Singapore to introduce new laws on building, events security: Shanmugam
SINGAPORE: To boost public safety, Singapore plans to introduce two new laws this year that will require building owners and event organisers to follow tighter security rules, said Home Affairs and Law Minister K Shanmugam. Speaking to Channel NewsAsia ... ( read original story ...)
Singapore ‘willing and happy’ for trade deal talks when Britain's ready: PM Lee
SINGAPORE: Singapore is “willing and happy” to negotiate on a bilateral trade deal with Britain when the latter is ready, but there are no such talks currently, Prime Minister Lee Hsien Loong said in an interview with the BBC broadcast on Wednesday ... ( read original story ...)
Teen falls to death trying to film Snapchat video
Leaked video surveillance footage shows Jonathan Chow (right) moments before he jumped over a railing to his death at a Singapore mall. Chow had hoped to shoot a Snapchat video. (Screengrab) Some people will go to great lengths to shoot a video. ( read original story ...)
Singapore Morning News Roundup For March 1
The Singaporean military’s dedicated web access system was breached this month by hackers thought to be hunting for official secrets, the government said on Tuesday. From one store in 2012, the “Changi Recommends” initiative has grown to eight ... ( read original story ...)
Singapore's SBF, SPH to develop Belt and Road English Portal
SINGAPORE, March 1 (Xinhua ... on Wednesday to add an events calendar and broaden the Chinese portal's news content, and develop an English version of the portal. Since its launch in March 2016, the "Belt and Road" Chinese portal has received a total ... ( read original story ...)