According to the Agri-Food and Veterinary Authority of Singapore (AVA), Singapore currently imports more than 90 percent of her food supply. In 2016, less than one percent of land in the island state ... ( read original story ...)
SocGen Shuts Singapore Trade Commodity Desk After Hin Leong
Societe Generale SA is closing its trade commodity finance unit in Singapore after the collapse of Hin Leong Trading (Pte) Ltd. prompted the bank to halt fresh funding to such firms in the region. ( read original story ...)
Singapore Exchange CEO: Asia’s strength lies in mutual growth and support
Hong Kong and Singapore are important and major financial hubs in Asia, and every link needs to be strong for the region to "prosper," says Singapore Exchange CEO Loh Boon Chye. ( read original story ...)
Market Report: Hong Kong’s Loss Could be Singapore’s Gain, Say Locals
As protests and legal changes continue to dog Hong Kong, Singapore is attempting to gain a bigger slice of the Asian legal business market. ( read original story ...)
Exclusive: Urged on by central bank, China weighs antitrust probe into Alipay, WeChat Pay – sources
China's top antitrust agency is looking at whether to launch a probe into Alipay and WeChat Pay, prompted by the central bank which argues the digital payment giants have used their dominant positions ... ( read original story ...)
Singapore’s Duke-NUS is in the race to develop an effective coronavirus vaccine
Duke-NUS Medical School is developing a potential Covid-19 vaccine in partnership with U.S. pharmaceutical firm Arcturus Therapeutics. Ooi Eng Eong, a professor at the medical school, says there are ... ( read original story ...)
Singapore shuts down second bank linked to 1MDB
Monetary Authority of Singapore (MAS) orders Falcon Bank to cease operations in the city-state because of 'serious failures in anti-money-laundering (AML) controls and improper conduct' by senior mana ... ( read original story ...)
Mr. Anil Jaggia, Former CIO, HDFC Bank, joins Cloud4C – a CtrlS Company, as a Strategic Advisor
Before this, Mr. Jaggia worked for over 18 years with Citibank at Chicago, New York, Singapore, Mumbai and Kolkata. Mr. Anil Jaggia said, "I am happy to join Cloud4C as a Strategic Advisor. ( read original story ...)
Diginex launches Singapore cryptocurrency exchange
Singapore digital banking era will put focus on SMBs, consumer trust Introduction of digital banks will 'shake up' Singapore's banking industry, which is expected to have up to five new digital market ... ( read original story ...)
Singapore Names 2020 Book Award Finalists, Adds Digital Categories
Those who know Singapore understand that the culture has an unusually engaged book business for a population of 5.6 million people, close to the size of Denmark and the city of Atlanta. At times, some ... ( read original story ...)
Shares of Singapore’s top banks fall after regulator limits dividend payouts for 2020
Shares of Singapore's top three banks tumbled on Thursday after the country's financial regulator asked lenders to cap dividends this year. The Monetary Authority of Singapore on Wednesday urged local ... ( read original story ...)
Singapore’s Commercial Property Sector Still Subdued from Coronavirus Mid-Summer
Singapore property consultant Edmund Tie is reporting this week that despite a global COVID-19 outbreak, ample liquidity and a low-interest environment during the Coronavirus outbreak has continued to ... ( read original story ...)
Singapore: Unemployment could tick higher in H2 2020 – UOB
“Singapore’s unemployment rate expectedly rose to 2.9% in the second quarter of 2020, according to the provisional data by the Ministry of Manpower. This marks the highest unemployment rate over a ... ( read original story ...)
Singapore bank shares sold off after MAS call to cap dividend payouts
SINGAPORE - Investors sold off shares of DBS Group Holdings, Oversea-Chinese Banking Corp (OCBC), and United Overseas Bank (UOB) on Thursday (July 31) after Singapore's central bank asked the lenders ... ( read original story ...)
Standard Chartered takes optimistic view on bad loan charges in second half, beats analysts estimates
No one will miss a pay cheque in 2020,’ says CEO Bill Winters, as employees losing their jobs as part of the revamp will be paid through the end of the year. ( read original story ...)
Singapore fuel oil inventories steady, exports to Saudi hit fresh record
Singapore's residual fuel oil inventories were steady in the week to July 29 despite a jump in net import volumes, official data showed on Thursday. Onshore fuel oil stocks rose 87,000 barrels, or ... ( read original story ...)