Singapore has built up a stake of about 3% in Julius Baer Group ... of growth even as he pushes through cost cuts and purges riskier accounts. Last month, the bank reported new client money that fell ... ( read original story ...)
Singapore Fund Builds Stake in Julius Baer Betting Worst Is Over
(Bloomberg) -- Singapore has built up a stake of about 3% in Julius Baer Group, providing a major boost for a Swiss wealth manager that’s focused on wooing wealthy Asians. The acquisition through ... ( read original story ...)
Union Bank of the Philippines Receives Five Awards at the 2019 Frost & Sullivan Best Practices Awards
SINGAPORE, June 4, 2019 /CNW/ -- Union Bank of the Philippines is to receive five Awards at the annual Frost & Sullivan Asia-Pacific Best Practices Awards banquet, to be held at the Shangri-La ... ( read original story ...)
Singapore lifts 2010 ban on Japanese poultry imports
Singapore has lifted an import ban on Japanese poultry and other food items effective this month, enabling Tokyo to renew efforts to boost exports of farm and fishery products to Southeast Asia’s ... ( read original story ...)
Singapore to see sharpest slowdown in South-east Asia this year with 1.9% GDP growth: ICAEW report
SINGAPORE - Singapore is expected to experience the sharpest economic slowdown in South-east Asia, with gross domestic product (GDP) growth slowing from 3.1 per cent in 2018 to 1.9 per cent this year, ... ( read original story ...)
Singapore GDP to lag ASEAN peers in 2019: ICAEW
Looking ahead, the outlook for exports is weak, following more tariff hikes by the US and China," it added. In Singapore, the outlook for construction (outside of the residential sector) over the next ... ( read original story ...)
Singtel launches unmanned pop-up shop in Singapore
Aggressive' and 'intense' competition from a carrier in India as well as only counting prepaid customers who are actually paying for a service saw Singtel Group drop 40 million mobile customers in the ... ( read original story ...)
Standard Chartered to Launch FX eTrading Engine in Singapore
Standard Chartered Bank, a British multinational banking and financial services company headquartered in London, is planning on launching a foreign exchange (forex) electronic trading and pricing ... ( read original story ...)
Police took at least 7 years to charge Singapore PR for money laundering
Citibank then transferred US$27.2 million to various accounts before the fraud was discovered. Part of the stolen money was then laundered through Singapore, which was seized from the relevant bank ... ( read original story ...)
Nigerian businessman, Amos Paul Gabriel bags 3-year imprisonment in Singapore over multi-million dollar money laundering scheme
47-year-old Nigerian man Amos Paul Gabriel, involved in a scheme to swindle Citibank in New York City has been jailed and fined by a Singapore court for money laundering and other offences. Gabriel, a ... ( read original story ...)
Rabobank wins at the Winsemius 2019 Awards Singapore
Organised by the Dutch Chamber of Commerce in Singapore, the Winsemius Awards Gala is held annually to celebrate the strong business ties between Singapore and the Netherlands, and to recognize ... ( read original story ...)
KKR Explores $2 Billion Sale of Singapore’s Goodpack
Goodpack, headquartered in Singapore, counts regional offices in 22 countries ... Deliberations are at an early stage, and KKR could decide to retain the business for now or push back the timeline for ... ( read original story ...)
Singapore beats Hong Kong as Asia’s top treasury location
“Whilst the presence of the FTC tax incentive is an attractive factor in Singapore, most of the interviewees emphasised that the location of the regional business headquarters and a well-developed ... ( read original story ...)
Singapore PMI Drops Below 50 for First Time in Almost 3 Years
(Bloomberg) -- Singapore’s purchasing managers index slumped in May, signaling a contraction in manufacturing as trade tensions and a global slowdown weigh on the city state’s economy. The PMI ... ( read original story ...)
CGS-CIMB keeps UOB as top bank sector pick despite underperforming NIM expansion
SINGAPORE (June 3): CGS-CIMB Research is keeping United Overseas Bank (UOB) as its top pick among the Singapore banks, despite the bank’s NIM expansion underperforming compared to its peers. According ... ( read original story ...)
Singapore’s factory activity shrinks for first time since 2016
SINGAPORE: Activity in Singapore’s factories contracted ... the coming months as higher trade tariffs take their toll on global commerce and further dent business and consumer sentiment leading to job ... ( read original story ...)