Mitsubishi Corporation, Standard Chartered and Bank of Ayudhya (Krungsri) — a Thailand subsidiary of MUFG Bank — jointly announced a pilot test for payments between Singapore and Thailand with xCurrent. With production volume growing on RippleNet at an ... ( read original story ...)
Singapore private banking bonuses up by as much as 7% in 2017
Gone are the days of pure cash bonuses as bankers of the ultra wealthy can also expect bonuses in the form of stocks and shares. As a growing number of Asia’s ultra wealthy are calling Singapore home, private banking continues to gain momentum in the ... ( read original story ...)
6 individuals issued prohibition orders for mis-selling investment products: MAS
A sixth individual, Zheng Xuemei, a 36-year-old former relationship manager from Citibank Singapore, was also issued a PO for the same offence. The actions taken against them follow a “series of wide-ranging investigations”, said the MAS. Between 2009 ... ( read original story ...)
Singapore non-oil exports recover to rise 11.8% in April, but electronics shipments continue to slide
SINGAPORE – After shrinking for two straight months, Singapore’s non-oil domestic exports returned to growth in April as rising non-electronic exports outweighed a slide in electronics shipments. Non-oil domestic exports (Nodx) surged 11.8 per cent in ... ( read original story ...)
Singapore Airlines beats expectations with highest profit in seven years
SINGAPORE (Reuters) - Singapore Airlines Ltd (SIAL.SI) on Thursday topped market expectations by reporting a 148 percent rise in full-year net profit to the highest level since 2011, as passenger and cargo revenue rose and it benefited from a ... ( read original story ...)
UPDATE 1-ENN seeks commissioning cargo for China’s first private LNG import terminal
SINGAPORE, May 17 (Reuters) - Chinese gas distributor ENN is seeking a commissioning cargo for the country’s first privately owned liquefied natural gas (LNG) import terminal, three industry sources said on Thursday. The cargo is for delivery in the ... ( read original story ...)
AVA Agri Food & Veterinary Authority of Singapor : Company fined $6,000 for illegal import of fresh fruits and vegetables
3 Illegally imported food products are of unknown sources and pose a food safety risk. In Singapore, the food imports must meet AVA's requirements and food safety standards. Food can only be imported by licensed importers, and every consignment must be ... ( read original story ...)
Singapore April petrochemical exports grow 15.1%; NODX up 11.8%
SINGAPORE (ICIS)--Singapore’s petrochemical shipments abroad ... An end-to-end perspective across the global petrochemical supply chain. It provides data on import and export volumes, plant capacities, production, consumption and chemical trade flows. ( read original story ...)
Indonesia plans to import 11 mil barrels of gasoline in Jun, similar to May: traders
Pertamina's gasoline imports for May were estimated at around 10.5 million ... of 92 RON gasoline in five 200,000-barrel clips for loading over June 2-13 from Singapore or Malaysia. The tender closes May 17 with validity until May 21. ( read original story ...)
Singtel Group climbs above 700 million mobile customers
Singtel has announced reaching 706 million mobile customers across its global brands during the 2017-18 financial year, up from the 638.1 million announced a year ago. As of March 31, Singapore's largest telecommunications carrier had a total of 4.085 ... ( read original story ...)
Singapore Stock Market Poised To End Losing Streak
The Singapore stock market has finished lower in three straight sessions, slipping nearly 40 points or 1.1 percent along the way. The Straits Times Index now rests just above the 3,530-point plateau although it may find traction on Thursday. The global ... ( read original story ...)
Singapore April exports blow past expectations on stronger pharma
SINGAPORE, May 17 (Reuters) - Singapore's exports rose sharply in April, beating expectations, thanks to a surge in pharmaceuticals sales, however, shipments of electronics goods, a source of trade strength for much of last year, continued their decline. ( read original story ...)
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Venture, recent IPOs among changes to MSCI, FTSE indices
SINGAPORE - Electronics manufacturer Venture Corp has been added to two stock indices, and removed from one after mid-year reviews by index providers MSCI and FTSE. The firm is now included in the MSCI Singapore Index, as well as the FTSE Value-Stocks ... ( read original story ...)
MyRepublic launches first mobile plans for supporters, won’t charge for excess data usage
In its foray into mobile services, Singapore fibre broadband operator MyRepublic launched its first two mobile plans exclusively for its subscribers and supporters on Wednesday (16 May). MyRepublic, which recently announced a tie-up with local telco ... ( read original story ...)
Singapore Exchange : Tel-Aviv Stock Exchange Establish Partnership to Grow Cross-Border Capital Raising Opportunities for Technology Companies
TEL AVIV, Israel, May 15-- The Tel-Aviv Stock Exchange issued the following news release: Singapore Exchange (SGX) and The Tel-Aviv Stock Exchange (TASE) today announced that they have established a partnership focused on growing capital raising ... ( read original story ...)