helped by a rally in Genting Singapore. Oversea-Chinese Banking Corp. edged higher after third-quarter earnings exceeded estimates. Malaysia shares fell ahead of the presentation of the 2018 budget. Singapore's FTSE Straits Times index rose 0.4% to 3,356.25. ( read original story ...)
Singapore will stop adding cars to the roads in 2018
Singapore will not allow its personal car population to grow starting in February. Singapore's ban is part of an effort to conserve land; 12% of the island's land area is taken up by roads. The city-state is planning to invest billions in public transit. ( read original story ...)
Eye on Bedok: Singapore’s most populous neighbourhood
Tay Huey Ying, head of research at JLL Singapore, identifies Seaside Residences and Grandeur Park Residences as the two most recent property launches in the area. Both are 99-year leasehold condominium projects, with the 841-unit Seaside Residences having ... ( read original story ...)
Singapore now has ‘most powerful passport in the world’: Index
The red Singapore passport has topped a global passport ranking index thanks to one more country removing visa requirements for Singaporeans. Developed by Arton Capital, a financial advisory firm which provides investor programmes for residence and ... ( read original story ...)
Singapore set to freeze number of cars on roads
SINGAPORE: Singapore, one of the most expensive places in the world to buy a vehicle, will freeze the number of private cars on its roads for at least two years, a rare move in Asia where many cities are increasingly gridlocked. The city-state said the ... ( read original story ...)
Singapore manufacturing beats expectations to grow 14.6% in September as electronics continues to soar
SINGAPORE - Factories - now the brightest spot in the Singapore economy - continued powering ahead last month as surging global demand for electronics once again helped lift growth in September. Manufacturing output increased 14.6 per cent year-on-year in ... ( read original story ...)
20-something Singapore bankers now far too frightened to move firms
As profit margins fall, young bankers in Singapore are worried about the risks of moving to a new employer. https://news.efinancialcareers.com/sg-en/213178/this-is-what-your-private-banking-salary-and-bonus-should-be-in-singapore/ If you’re an ... ( read original story ...)
Singapore Central Bank Chief: No Regulation for Cryptocurrencies
The chief of Singapore's central bank has indicated it will not regulate cryptocurrencies, but plans to stay watchful on the risks posed by the technology. In an interview with Bloomberg, Ravi Menon, managing director of Monetary Authority of Singapore ... ( read original story ...)
Oversea Chinese Banking : OCBC Third Quarter Profit Grows 12% on Year
SINGAPORE--Oversea-Chinese Banking Corp. Ltd. reported Thursday a 12% rise on year in its third quarter net profit as higher interest rates helped income. Net profit in the July-to-September quarter was 1.06 billion Singapore dollars (US$779 million ... ( read original story ...)
Singapore stocks shake off weak Asia; OCBC subdued after results
Overseas-Chinese Banking Corp rose 0.1 percent, United Overseas Bank gained 0.2 percent and DBS Group Holdings added 0.3 percent. Shares in Singapore's second-largest lender Oversea-Chinese Banking Corp were sluggish after its nonperforming assets rose 15 ... ( read original story ...)
Singapore’s OCBC third-quarter profit up 12 percent; flags stress in oil and gas sector
SINGAPORE (Reuters) - Singapore's Oversea-Chinese Banking Corp reported a 12 percent increase in quarterly net profit, boosted by growth in its insurance and wealth management businesses, but highlighted continued stress in the oil and gas ... ( read original story ...)
eBay’s cross-border trade from Singapore rose 21%
US and Australian buyers bought mobile phones the most from Singaporean sellers. eBay Inc. revealed that cross-border trade (CBT) form Singapore is on the rise with a 21% YoY growth. According to a press release, the top three export destinations from the ... ( read original story ...)
Singapore Manufacturing Output Rose In September, Boosted By Electronics
SINGAPORE (Oct 26) -- Singapore's manufacturing output rose 14.6% in September from a year ago, the Singapore Economic Development Board said on Thursday, boosted by another sharp expansion in the production of electronics. The increase, while slower than ... ( read original story ...)
Developers worry upturn in Singapore property market may trigger more cooling measures
Developers have grown more optimistic about the current and future state of the Singapore property market, but worry about the Government introducing more cooling measures. The Real Estate Sentiment Index (Resi), jointly developed by the Real Estate ... ( read original story ...)
CDL leads S’pore property industry in sustainability
(Photo: Christopher Chitty) City Developments Limited (CDL) announced on Tuesday (24 October) that it was named as Singapore’s highest scoring property firm in CDP’s latest rankings for climate change response. The home-grown developer received a score ... ( read original story ...)
Singapore home prices picking up as government eases restrictions
SINGAPORE -- Singapore's home prices are rising, thanks to the government's recent easing of restrictions put in place years ago to curb soaring property prices. With home sales increasing significantly, property developers are looking for more land while ... ( read original story ...)