Economists are split on whether the Monetary Authority of Singapore will change its policy stance in April amid subdued inflation pressure. Four of seven economists see the central bank shifting to a tightening stance next month, according to a Bloomberg ... ( read original story ...)
Singapore fines Standard Chartered entities 2.83 million pounds for money laundering breaches
SINGAPORE (Reuters) - Singapore's central bank imposed penalties of S$5.2 million (2.83 million pounds) on Standard Chartered Bank (SCBC) (STAN.L) and S$1.2 million on Standard Chartered Trust (Singapore) (SCTS) for breaching money laundering rules and ... ( read original story ...)
Singapore fines Standard Chartered entities $4.9 mln for money laundering breaches
(Adds more comments from MAS and Standard Chartered, adds context) SINGAPORE, March 19 (Reuters) - Singapore's central bank imposed penalties of S$5.2 million ($3.95 million) on Standard Chartered Bank (SCBC) and S$1.2 million on Standard Chartered Trust ... ( read original story ...)
OCBC builds S$240m regional data centre
SINGAPORE - OCBC Bank has built a S$240 million regional data centre designed and customised to its requirements. The new facility is believed to be the first such purpose-built centre developed and owned by a Singapore bank. The data centre is designed to ... ( read original story ...)
Singapore fines Standard Chartered entities $4.9 million for money laundering breaches
SINGAPORE (Reuters) - Singapore’s central bank imposed penalties of S$5.2 million ($3.95 million) on Standard Chartered Bank (SCBC) (STAN.L) and S$1.2 million on Standard Chartered Trust (Singapore) (SCTS) for breaching money laundering rules and ... ( read original story ...)
Singapore fines Standard Chartered $4 million over money laundering breaches
SINGAPORE (Reuters) - The Monetary Authority of Singapore (MAS) imposed penalties of S$5.2 million ($3.95 million) on the Singapore branch of Standard Chartered Bank (SCBC) and S$1.2 million on Standard Chartered Trust (Singapore) Ltd (SCTS) for ... ( read original story ...)
Singapore’s most popular districts with homebuyers
Singapore’s real estate prices are picking up and some analysts predict that they will continue to rise as buyer interest returns. But clearly, some neighbourhoods are more popular among homebuyers than others. So to help better understand buyer ... ( read original story ...)
Singapore O&G Ltd’s Stock Is Trading Near A 52-Week Low: Does The Company Have A Quality Business?
Singapore O&G Ltd (SGX: 1D8) is a healthcare company that was listed on June 2015. It has four main operating business segments at the moment, namely, Obstetrics and Gynaecology, Cancer-related, Dermatology, and Paediatrics. At the current price of S$0.365 ... ( read original story ...)
Singapore Residential Site Sells to Billionaire Quek for S$980 Million
Billionaire Quek Leng Chan’s GuocoLand Ltd. and its joint venture partners are buying Pacific Mansion near Singapore’s business district for S$980 million ($743 million), the biggest purchase of a residential site for redevelopment in more than a decade. ( read original story ...)
Victorian property: The Melbourne-Singapore apartment connection
MELBOURNE and Singapore might not seem to have a lot in common at first glance. But a wave of money from an an increasingly sophisticated buyer base is coming to Australia’s property markets out of South-East Asia, which are giving some Melbourne ... ( read original story ...)
Singapore stock market issuance starts strong this year
Companies in Singapore have recorded their strongest start in raising funds this year via the equity capital markets (ECM) since 2013. Firms have so far raised USD816.9m through the ECM for the year-to-date, data from Thomson Reuters showed on Friday 16 March. ( read original story ...)
Singapore Morning News For March 19
With sales stagnating and high rent and manpower costs eating away at his profits, Azan Tengku, the director of Singaporean gift company Kalms, decided to close down his stores and move all his products into vending machines. Singapore was the target of a ... ( read original story ...)
Struggling Singapore retailers turn to vending machines
SINGAPORE: With sales stagnating and high rent and manpower costs eating away at his profits, Azan Tengku, the director of Singaporean gift company Kalms, decided to close down his stores and move all his products into vending machines. Kalms, which has ... ( read original story ...)
Bank of Singapore to grow family office business
Bank of Singapore, the private bank of OCBC Bank, is looking to expand its family office business as the city-state rolls out the red carpet for wealthy investors. "We are seeing increasing demand for families moving into the next generation to set a ... ( read original story ...)
Quick Fix? Struggling Singapore Retailers Turn to Vending Machines
SINGAPORE (Reuters) - With sales stagnating and high rent and manpower costs eating away at his profits, Azan Tengku, the director of Singaporean gift company Kalms, decided to close down his stores and move all his products into vending machines. Kalms ... ( read original story ...)
Bank of Singapore to enhance family business segment
Bank of Singapore, the private bank of Oversea-Chinese Banking Corporation, is looking to expand its family office business as the city-state rolls out the red carpet for wealthy investors. “We are seeing increasing demand for families moving into the ... ( read original story ...)