Small- to medium-sized companies that do a lot of international business have to deal with two big headaches: high foreign exchange fees and corporate expense tracking. Volopay, a Singapore-based ... ( read original story ...)
Stalled Malaysia-Singapore metro link gets fresh push as ties thaw post-Mahathir
Resumption of the US$880 million project comes as the countries’ bilateral ties have stabilised under Malaysia’s new prime minister, Muhyiddin Yassin. ( read original story ...)
Citibank SMRT Card – MoneySmart Review 2020
You might think that SMRT is the source of all your problems, but that doesn’t mean you should refuse to sign up for the Citibank SMRT Card out of spite. Its name might make it sound like a glorified ... ( read original story ...)
UPDATE 1-Australia fast-tracks ambitious $16 bln solar power export project
Australia decided this week to fast track approvals for a A$22 billion ($16 billion) project to supply solar power to Singapore via the world's longest subsea high voltage cable, a move to boost ... ( read original story ...)
Singapore’s business sentiments for next 6 months remain subdued: survey
Singapore's Economic Development Board (EDB) and Department of Statistics (DOS) on Thursday released survey reports about business expectations showing pessimistic views for the remaining year. The ... ( read original story ...)
Singapore PM’s nephew fined for criticizing judiciary online
A Singapore court has fined the nephew of Prime Minister Lee Hsien Loong for criticizing the judiciary in a Facebook post two years ago amid a deepening family feud. ( read original story ...)
South-east Asian IPOs show tentative revival as issuers brave markets
A handful of companies from the technology and consumer durables sectors are aiming to launch IPOs in South-east Asia later this year, pointing to an upturn after Covid-19 pandemic-hit markets and ... ( read original story ...)
Blackstone-backed Mindspace REIT’s IPO covered 13 times on final day
Ahead of the IPO, the investment trust raised Rs 1,519 crore ($203 million) from anchor investors on Friday. The firm mobilised the capital by issuing 55.23 million units at Rs 275 apiece to 54 ... ( read original story ...)
Singapore extends $60 bln swap facility with Fed through March 2021
Singapore's central bank and the U.S. Federal Reserve have extended a $60 billion swap facility through to March 2021 to bolster U.S dollar lending to firms in the city-state and the wider region, ... ( read original story ...)
Stress levels in Singapore’s corporate bond market rising as coronavirus takes its toll
With nearly US$12 billion worth of bonds set to mature in a deepening recession from now through next year, more financial distress and soured debt may be on the cards. ( read original story ...)
Singapore stock watch: SIA, Singapore banks, Sheng Siong, Hongkong Land, Sembcorp, Sembmarine
The following companies saw new developments that may affect trading of their securities on Thursday (July 30):. Read more at straitstimes.com. ( read original story ...)
COVID-19 impact | Standard Chartered to lay off hundreds worldwide
Those losing their jobs will continue to receive the salary until the end of 2020 in addition to a severance payment ... ( read original story ...)
Hin Leong owners try to block OCBC from picking at shipping units
The family that owns beleaguered Singaporean oil trader Hin Leong Trading (HLT) is seeking to block a request from creditor OCBC that overseers be appointed for Xihe Holdings and four of the family's ... ( read original story ...)
Shares of DBS, OCBC, UOB tumble after MAS call to cap dividends
Shares of Singapore's local lenders extended their slide on Thursday morning (July 30), after the central bank asked them to cap dividend payouts.. Read more at straitstimes.com. ( read original story ...)
Diginex launches new Singapore cryptoexchange ahead of Nasdaq listing
Nasdaq-hopeful Diginex launched a new cryptocurrency exchange focused on derivative products in Singapore on Thursday, where it has applied for a licence. ( read original story ...)
Singapore bank shares fall after regulator caps dividends
Shares in Singapore banks fell in early Thursday trade after the central bank asked local banks to cap dividends this year to conserve capital and increase lending capacity amid an uncertain economic ... ( read original story ...)