Unfortunately, property prices are in a slump at the time ... Wrong. The rate of inflation in Singapore is around three per cent per annum, and your investment has not kept up with that. And this is after you’ve put up with various inconveniences ... ( read original story ...)
DBS Chief Has No Plans to Slow Down
Piyush Gupta, into his ninth year as chief executive officer of DBS Group Holdings Ltd., isn’t looking to call it a day. “I’m loving the job. I think we’re making impact as a company,” Gupta said in an interview at his office in Singapore last week. ( read original story ...)
How Singapore is preparing to host a historic meeting between Donald Trump and Kim Jong Un
SEOUL, South Korea — Singapore, a highly manicured city-state shaped by skyscrapers and luxury hotels, is preparing for perhaps the most crucial international diplomatic event of the decade. Kim wants security and Trump wants Kim to get rid of his nukes. ( read original story ...)
Deutsche Bank has no plans to pull out of Asian countries – CEO
The bank’s business in Asia, however, remains key to the lender’s global success, Sewing told a company town hall meeting in Singapore on Monday, according to a Hong Kong-based spokeswoman for the bank. “We can only be relevant to our clients if we ... ( read original story ...)
Singapore commodities companies head to South America
SINGAPORE - U.S.-China trade tensions are causing Singaporean agriculture conglomerates Olam International and Wilmar International to import from South America to avoid higher taxes. Commodities trader Olam International, which reported its January-March ... ( read original story ...)
Singapore launches best practice papers to combat money laundering, terrorism financing
SINGAPORE - Singapore regulators and the banking industry launched on Monday (May 14) two best practice papers to better prevent money laundering and terrorism financing, in the wake of the 1MDB scandal that hit the city-state and amid the increasing ... ( read original story ...)
Oversea-Chinese Banking Corporation Ltd Starts The Year With a Bang
With banks in Singapore doing tremendously well financially in 2017, plus bank stocks up more than 50% on average over the last one-year period, the spotlight was firmly on them as they released their first quarter results for 2018. In this article ... ( read original story ...)
Deutsche Bank CEO Said to Tell Asian Staff There’s No Exit Plans
Deutsche Bank AG’s chief executive officer told employees in Asia ... Christian Sewing made the assurances at a townhall meeting in Singapore, the people said, asking not to be identified as the speech was private. During a separate investor forum ... ( read original story ...)
CoinDesk Announces the launch of Consensus Singapore
However, the Consensus: Singapore event marks a pivotal moment for the series ... and extensive reach into multiple vertical markets including finance and technology, with CoinDesk’s great brand and community reach, create the ideal combination to ... ( read original story ...)
HSBC Singapore Joins Forces With ING & Cargill to Conduct Live Commercial Trade Finance Transaction on R3’s Blockchain Platform Corda
HSBC Singapore announced on Monday it was joining forces with ING and agrifood group Cargill to conduct what it claims to be the first live, commercial trade finance transaction on R3’s blockchain platform, Corda. According to HSBC Singapore, the ... ( read original story ...)
Possible Singapore venues for historic Trump-Kim summit
SEOUL, South Korea – Singapore, a highly manicured city-state shaped by skyscrapers and luxury hotels, is preparing for perhaps the most crucial international diplomatic event of the decade. The June 12 meeting between tough-talking President Donald ... ( read original story ...)
HSBC says performs first trade finance deal using single blockchain system
HSBC and Dutch bank ING completed the deal for Cargill last week when a shipment of soybeans was transported from Argentina to Malaysia via the global commodities trader’s Geneva and Singapore subsidiaries, the British lender said in a statement. ( read original story ...)
Singapore C2C marketplace snags $85M in Series C
Singapore classifieds online site Carousell has snagged US$85 million in Series C funding, adding DBS Bank to its crop of investors and as a retail partner on its marketplace. Co-led by Rakuten Ventures and EDBI, the latest round also included other ... ( read original story ...)
Paktor’s parent company files for $115m US IPO. It faces a challenging future.
M17 Entertainment, the parent company of Singapore-based dating app Paktor, hopes to raise up to US$115 million in a US initial public offering (IPO). However, with the dating app only forming a small part of its income, M17 is banking on live-streamed ... ( read original story ...)
Singapore Startup Paktor Is Applying For An IPO On New York Stock Exchange
According to a securities and exchange commission filing, Paktor, along with its parent company and subsidiaries (collectively called M17 Entertainment), is eyeing for an initial public offering on the New Year Stock Exchange. Filed on the 11th of May, M17 ... ( read original story ...)
Daily Briefing: Singaporean e-commerce firm Carousell secures US$85m funding; DBS FHR-9 home loan rates to hike
Singapore may be called a boring city by the international ... If Sibor rises, the market interest rates rises, hence the bank will need to pay their fixed depositors higher interest rate. DBS FHR-9 is based on the 9-month fixed deposit rate. ( read original story ...)