UBS Group AG and Citigroup Inc. are at odds on how Singapore’s move to cap dividend payouts at the nation’s banks will play out for equity investors. ( read original story ...)
Singapore extends US$60b swap facility with US Fed through March 2021
Singapore's central bank and the US Federal Reserve have extended a US$60 billion swap facility through to March 2021 to bolster US ... ( read original story ...)
Singapore extends $60 billion 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 ...)
UPDATE 1-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 ...)
Standard Chartered Planning Several Hundred Job Cuts Worldwide
Standard Chartered Plc is set to begin a new round of job cuts, joining rivals such as Deutsche Bank AG and HSBC Holdings Plc in restarting reductions put on hold at the outset of the pandemic. ( read original story ...)
Top Picks For Amazon Singapore’s Electronics Clearance Sale Of Up To 30% Off
Get to enjoy deals of up to 30% off on brands such as Bose, Fender, Samsung, and Sony. Not only will audio products be on sale but also home entertainment systems, phone cases and accessories, and ... ( read original story ...)
Troubled Hin Leong’s 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 creditor OCBC's request to appoint overseers for the family's Xihe Holdings and four other ... ( read original story ...)
Court hearing on OCBC’s judicial management application for Xihe Holdings adjourned to Aug 13
A High Court hearing for OCBC Bank's application to bring the Lim family-run Xihe Holdings and four of its vessel-owning units under judicial management has been adjourned to Aug 13.. Read more at ... ( read original story ...)
Singapore Asks Banks to Restrict Their Dividends
Singapore’s central bank has asked locally incorporated lenders to cap their 2020 dividends at 60% of last year’s levels, to ensure a sufficient flow of loans as they confront the downturn triggered ... ( read original story ...)
Singapore ramps up volume of exports to Azerbaijan
Over the reporting period, the share of Singapore in the total volume of Azerbaijan's import grew from 0.23 percent to 0.34 percent of the total volume. In total, foreign trade operations between ... ( read original story ...)
The Fantasy and the Cyberpunk Futurism of Singapore
An eerily prescient moment in the landmark cyberpunk film Akira about nuclear destruction predicts the cancellation of the 2020 Tokyo Olympics. By preternatural coincidence, I taught the film in my ... ( read original story ...)
HSBC, Standard Chartered results likely to be hit by loan loss provisions once again, analysts say
Analysts expect HSBC and Standard Chartered to report a combined US$3.4 billion in loan loss provisions for the second quarter. ( read original story ...)
UPDATE 1-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 ...)
The Johor-Singapore Causeway opens for business, slowly
Up for discussion this week: The world’s busiest land border crossing flickers back to life as Singapore and Malaysia agree on terms for ... Up for discussion this week: The world’s busiest land ... ( read original story ...)
$10k fine for woman who failed to alert the authorities about company’s business with N. Korea
SINGAPORE - A Singapore-based company unlawfully supplied luxury items worth more than $6 million to North Korea, and its shipping manager failed to alert the authorities about these transactions.. ( read original story ...)
Bitter fight erupts in Haldirams group over property after death of family elder
Mahesh Agarwal’s death in Singapore has triggered an ugly struggle over property which became public recently after two Haldiram stores in Kolkata were vandalised by hoodlums. ( read original story ...)