Analysts believe that 2018 will be the turnaround year for the Singapore property market. After 3 years of falling prices, analysts now forecast growth of between 3% and 15% for 2018. According to Alan Cheong, Savills Singapore’s senior director ... ( read original story ...)
Vietnam arrests fugitive tycoon deported from Singapore
SINGAPORE/HANOI (Reuters) - A fugitive Vietnamese property tycoon who is accused of spilling state secrets was arrested in Hanoi on Thursday after Singapore deported him, despite appeals that his life could be in danger in Vietnam. Phan Van Anh Vu ... ( read original story ...)
Cathay Pacific, Singapore Air need to look beyond their planes
Over time, the premium differentiation enjoyed by Cathay and Singapore Airlines has been eroded too as other airlines have worked to catch up. The carriers have framed their business options as a competitive battle to carry passengers from A to B ... ( read original story ...)
Let Singapore Surprise You
One of their main reasons they flocked here was the set of sporting spectaculars that Singapore hosts. And one of those crown jewels is the HSBC Singapore Sevens, which brings 16 of the world’s best teams for two days of epic rugby. The Singapore Sevens ... ( read original story ...)
REC Group bags Made in Singapore Award for Energy & Power
Their half-cut solar panel product delivers more power at lower cost. Singapore Business Review lauded the most exceptional products in that prove to be industry game changers in the recently concluded Made in Singapore and Designed in Singapore Awards. ( read original story ...)
AirAsia explores India unit IPO, seeks partner for services business
AirAsia will seek approval at the next AirAsia India board meeting to pick a banker to start a preliminary process for an IPO. SINGAPORE: Malaysia-based AirAsia Bhd is considering an initial public offering for its Indian unit and seeking a partner for its ... ( read original story ...)
Singapore has declared 2018 the year of climate action—so why are its banks still funding coal?
The Sydney-based financial green group has shared exclusive data with Eco-Business that shows that DBS Bank, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB)—Singapore’s big three banks—have provided loans to 21 coal power ... ( read original story ...)
Singapore fund made a killing in these 24 D-Street stocks
Singapore-based fund managed Akash Prakash has a similar success story to tell. Interestingly, he made money on familiar names in the domestic stock market. Ranked among the top 20 fund managers in Asia by Asia Money in 1999, Akash Prakash's fund ... ( read original story ...)
Safra Sarasin Singapore Head Exits
The Brazilian-Swiss firm has lost the head of its Singapore office after less than two years. The departure is a setback for the private bank's expansion efforts in Asia. But Maissen's experience and expertise is in Asia: he spent several years in ... ( read original story ...)
State Bank of Mauritius gets banking license in India; Woori, PPF in queue
The bank, along with DBS of Singapore, had received preliminary approval several months ago. It has now received the final banking license on Dec 6, banking sources confirmed. Mauritius, despite being a tiny Island nation in the Indian ocean, has extensive ... ( read original story ...)
Singapore payment app SpherePay introduces advanced credit option for shoppers
SpherePay is the only mobile payment app in Singapore that offers this Advanced Credit function that uses QR Code to enable payment at merchant. Any users 18 years old and above are eligible to sign up and apply for this. In addition, users can use this ... ( read original story ...)
Singapore dollar trades below RM3 for the first time in 14 months
The ringgit appreciated against the Singapore dollar to 2.9976 on Monday, touching the highest level since October 2016. Last week, the Ministry of International Trade and Industry announced that Malaysia’s exports increased by 14.4 per cent to RM83.5 ... ( read original story ...)
Singapore uncovers large oil heist at Shell’s biggest refinery
police said in a news release. After "extensive investigations and probes," the Criminal Investigation Department, Police Intelligence Department and Police Coast Guard launched a series of simultaneous raids across Singapore, which led to the arrests. ( read original story ...)
Singapore arrests 17, seizes millions in Shell oil ‘heist’
The arrests, made during raids on Sunday, come after Royal Dutch Shell Plc reported the theft to Singapore authorities at its Pulau Bukom industrial site in August last year. The company said in a news release that the arrests included "a limited number of ... ( read original story ...)
Credit Suisse boosts Asia investment team with two Singapore-based strategists
SINGAPORE - Credit Suisse has hired Eddy Loh as senior investment strategist and Julian Wee as investment strategist to beef up its Asia team. A former executive director with the Bank of Singapore, Mr Loh joined Credit Suisse last month and will be ... ( read original story ...)
Here’s why Deutsche Bank favours Singapore banks over Hong Kong’s
SINGAPORE (Jan 9): Deutsche Bank Markets Research says the increasing strength from Singapore banks’ private and consumer banking businesses is giving them the edge over other US dollar-leveraged markets such as Hong Kong. “Between Hong Kong and ... ( read original story ...)