SINGAPORE—Singapore’s central bank said it has banned a former director of Goldman Sachs Group Inc.’s local branch from operating in the financial sector and plans to ban three more people from other banks, following investigations linking them to ... ( read original story ...)
Singapore banks, energy services stocks wobble following Ezra bankruptcy filing
Ezra has $1.5bn of total liabilities, with Singapore lender DBS facing the single biggest hit, with loans to Ezra of $272m. The bank said on Monday morning via a spokesman: Our exposures to Ezra Holdings were moved to non performing in the third quarter ... ( read original story ...)
Singapore banks' profits could fall by up to 8% in FY17
We estimate Singapore banks have c.SG$217-748m of claims and borrowings to Ezra Group, based on court filings and bank borrowings. If we assume O&G support services’ NPLs require specific provisions of 50 cents per dollar of problem loans, and the ... ( read original story ...)
Citigroup’s voice authentication option reaches one million customers in Asia
The bank was the first financial services company to deploy voice biometrics authentication across Asia Pacific, having implemented the technology in Taiwan, Australia, Singapore, Hong Kong, Philippines, Malaysia, Vietnam, Thailand and India. Citi clients ... ( read original story ...)
Maybank Kim Eng positive on Malaysian equity market
SINGAPORE: Maybank Kim Eng Group, the investment banking arm of Maybank, is positive over the Malaysian equity market, with an expectation of the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) hitting the 1,800-level this year. Chief executive officer Datuk ... ( read original story ...)
Singapore tops global ranking for startup talent, overtaking Silicon Valley: Survey
SINGAPORE: Singapore has surpassed Silicon Valley as a startup ecosystem in terms of talent, according to a survey of 10,000 startup founders across more than 100 cities. The Global Startup Ecosystem Report and Ranking 2017 by Startup Genome assessed ... ( read original story ...)
Singapore Morning News For March 21
Singapore morning news by AEC News Today is your one stop source for Singapore news on matters of governance and policies affecting Asean business communities. Singapore tops global ranking for startup talent, overtaking Silicon Valley: Survey Singapore ... ( read original story ...)
Singapore best in Asia for quality of living
Singapore remains first among cities in Asia for quality of ... offer the world's highest quality of living and remain attractive destinations for expanding business operations and sending expatriates on assignment, according to Mercer. ( read original story ...)
TPG predicts SG$300m spend on Singapore mobile network
Australian telecommunications provider TPG has announced its financial results for the first half of FY17, revealing that it is predicting capital expenditure spend of between SG$200 million and SG$300 million for the rollout of its Singaporean mobile network. ( read original story ...)
Regulator tells Singapore bourse: Restore trading more quickly after glitches
SINGAPORE, March 20 Singapore's central bank said on Monday it has asked the Singapore Exchange to enhance its recovery processes following an investigation into a trading disruption in July last year. At the time, trading in the securities market was ... ( read original story ...)
Pre-market: What changed overnight & 8 top cues for you before Opening Bell
Nifty50 futures on the Singapore Stock Exchange were trading 29.50 points higher at 9,193, indicating a positive opening for the domestic market. Nifty50 forms 'Bearish Belt Hold' pattern A ‘Bearish Belt Hold’ pattern is formed when the opening price ... ( read original story ...)
Shares of Singapore coffee shop owner perk up on debut
Singapore's largest traditional coffee shop operator marked a stellar debut on the Singapore Exchange, or SGX, with shares trading 120 percent above its initial public offer (IPO) price on debut. As well-caffeinated senior executives stood side by side for ... ( read original story ...)
Malaysia seen retaining property cooling measures
COUNTRIES in the region that imposed property cooling measures at around the same time are not likely to be relaxing them almost simultaneously due to differing economic conditions. Singapore had slightly lowered the property seller’s stamp duty and ... ( read original story ...)
Meat imports from Brazil safe for consumption: AVA
SINGAPORE — Singapore does not import any meat from the establishments in Brazil embroiled in a corruption probe over tainted products, the Agri-Food and Veterinary Authority of Singapore (AVA) said on Monday (March 20). However, the authority has ... ( read original story ...)
Singapore Navy launches fourth littoral mission vessel Justice
Naval Technology News, views and contacts from the global Naval industry The Republic of Singapore Navy (RSN) has launched the fourth littoral mission vessel (LMV), Justice, at Singapore Technologies Marine's (ST Marine) Benoi shipyard. Singapore State ... ( read original story ...)
Singapore healthiest country in Asia: Bloomberg index
SINGAPORE: Singapore is the healthiest country in Asia and the fourth healthiest country in the world, according to a new Bloomberg index. The country beat the likes of Australia (ranked fifth), Japan (seventh), New Zealand (19th) and the United States ... ( read original story ...)