To celebrate its half-century anniversary, DBS is doubling the fun at this year's DBS Marina Regatta. The seventh edition of Singapore's biggest water sports festival will take place over two weekends instead of one. It will be held at The Promontory ... ( read original story ...)
Yanlord to raise debt in Singapore, HK; mandates DBS, HSBC, StanChart
SINGAPORE - Yanlord Land Group has mandated DBS Bank, The Hongkong and Shanghai Banking Corp and Standard Chartered Bank as joint global coordinators, bookrunners and lead managers to raise US dollar-denominated senior notes, the property group announced ... ( read original story ...)
DBS targets 30% reduction in corporate cheque payments by 2020
Currently, most insurance claims are paid through cheques which account for about 10% of corporate cheques issued by DBS in Singapore. Through such companies making such changes to their payments processes, the bank foresees a 30% reduction in corporate ... ( read original story ...)
Music After 7s: The unmissable HSBC Singapore Rugby Sevens after-party
Ruck and roll at Music After 7s – the not-to-be-missed after-party for the 2018 HSBC Singapore Rugby Sevens Eat, drink, and be merry at Music After 7s – the ultimate after-party for the 2018 HSBC Singapore Rugby Sevens. Psst... this party is free! ( read original story ...)
DBS launches online remittance service for non-customers
"SmartSend mirrors the ease of use and convenience that DBS customers currently enjoy with DBS Remit, which allows them to transfer money online anytime, anywhere via DBS/POSB digibank," it said in an announcement. SmartSend enables customers to make same ... ( read original story ...)
Singapore Central Bank Tightens Policy Amid Solid Growth
Singapore’s central bank tightened monetary policy on Friday, changing its stance for the first time in two years amid solid economic growth prospects for 2018. The Monetary Authority of Singapore, which uses the exchange rate as its main policy tool ... ( read original story ...)
Amazon’s bid for e-commerce supremacy in Singapore falls short
Channel checks by Singapore Business Review reveal that online ordering of groceries accounts for just under 2% of the retail pie in the city-state, and that Amazon only has a measly share of that. In addition to reports of delivery delays marring its Asia ... ( read original story ...)
Singapore shares end week on upbeat note
SINGAPORE: Local shares bounced back yesterday after a dip on Thursday, due to Wall Street’s solid overnight showing and encouraging domestic growth data. The key Straits Times Index (STI) advanced 32.69 points, or 0.94 per cent, to finish at 3,501.30 ... ( read original story ...)
Athletics: Standard Chartered Singapore Marathon shakes up line-up of offerings
SINGAPORE - A slew of changes were announced for this year's Standard Chartered Singapore Marathon (SCSM) on Saturday morning (April 14). Among them are the re-introduction of the 5km category, spreading the SCSM's various races over two days instead of ... ( read original story ...)
Renewed Support Tipped For Singapore Stock Market
The Singapore stock market on Thursday halted the five-day winning streak in which it had climbed more than 140 points or 4.1 percent. The Straits Times index now rests just beneath the 3,470-point plateau although it's expected to rebound on Friday. ( read original story ...)
Can CapitaLand Mall Trust Outperform the Singapore Stock Market?
CapitaLand Mall Trust (SGX: C38U) is Singapore’s first and largest retail real estate investment trust (REIT). Some of the malls in its portfolio include Tampines Mall, Junction 8, and Plaza Singapura. In 2017, the REIT under-performed both the FTSE ST ... ( read original story ...)
Singapore Weary Of Forcing Open Banking On FinServ Market
Singapore is ready for open banking, but regulators don’t want to force it on the financial services market, according to reports in Bloomberg. The publication said this week that the Monetary Authority of Singapore (MAS) prefers a more “organic ... ( read original story ...)
Home loan interest rates to be impacted by exchange rate tightening
Singapore’s home loan interest rates are expected to be impacted by the Monetary Authority of Singapore’s (MAS) tightening of the Singapore Dollar (SGD) exchange rate. MASho announced a measured change to policy today, allowing its currency to ... ( read original story ...)
Singapore watchdog sets interim measures for Uber-Grab deal
adding that Uber would continue to operate in Singapore until May 7 to smoothen the transition. Uber sold its Southeast Asian business to bigger local rival Grab, marking the U.S. company’s second retreat from an Asian market. Uber gets a 27.5 percent ... ( read original story ...)
Singapore March exports likely climbed marginally from last year: Reuters poll
SINGAPORE (Reuters) - Singapore’s non-oil domestic exports likely rose marginally in March from a year earlier, a Reuters poll showed on Friday, indicating that a strong growth in electronics shipments offset a high-base effect from last year. ( read original story ...)
Singapore uncertainty index up on US-China trade tensions
Rising US-China trade tensions are raising alarm bells in export-reliant Singapore, with an index measuring economic uncertainty climbing to a five-month high in March. The Economic Policy Uncertainty (EPU) Index for Singapore rose to 155 last month from ... ( read original story ...)