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Month: October 2023

Posted on 18/10/2023

Hong Kong’s MPF retirement scheme ranks second best in Asia behind Singapore’s amid investment losses: Mercer

Singapore's scheme received a 79.8 this year. "The drop in points reflects the tougher environment the market is operating in such as higher interest rates, and drops in investment markets, which can ...

Posted on 18/10/2023

Singapore’s InsurTech Giant Bolttech Considers US IPO to Raise $300M

According to unconfirmed reports, Bolttech is seeking up to $300 million in funding from a possible IPO in the US.

Posted on 18/10/2023

Singapore’s Chinatown makes world’s coolest neighbourhoods list, ranks 14th behind Hong Kong and Tokyo

Beyond the shiny Central Business District (CBD) area and shopping district of Orchard Road, Singapore holds many hidden sights and experiences in her many neighbourhoods. While Singaporeans are aware ...

Posted on 18/10/2023

Singapore plans to reach $160b in the manufacturing sector by 2023

Heng Swee Keat put emphasis on three key priorities that the industry must continue to innovate on. Singapore plans to boost its manufacturing sector’s contribution to $160b by 2030, whilst its ...

Posted on 18/10/2023

Singapore to scrutinise Credit Suisse, others amid massive money laundering probe

The Swiss lender is among the banks that the Monetary Authority of Singapore plans to inspect after they were found to have relationships with alleged money launderers. ( read original story ...)

Posted on 18/10/2023

Citibank Singapore launching new satellite wealth advisory hubs in 2024

The Parkway Parade hub and One Holland Village hub expands Citi’s physical footprints. Citibank Singapore is launching two new satellite wealth advisory hubs in the first quarter of 2024. The upcoming ...

Posted on 18/10/2023

UOBKH and DBS analysts raise TP for Aztech following record-high quarterly earnings

As Aztech’s earnings have exceeded forecasts, UOBKH has raised its TP to $1.11, while DBS has raised it to $1.25.

Posted on 18/10/2023

Singapore to inspect Credit Suisse, others in money-laundering scandal – Bloomberg

The Monetary Authority of Singapore (MAS) plans to conduct an on-site inspection of a local unit of Credit Suisse to determine whether it properly handled the monitoring of wealthy clients after at ...

Posted on 18/10/2023

Singapore to Inspect Credit Suisse, Others in $2 Billion Scandal

Singapore’s financial regulator will conduct an on-site inspection of Credit Suisse Group AG after at least one of its customers was charged for money laundering in a scandal that has rocked the ...

Posted on 18/10/2023

Why international firms continued to locate offices in Singapore

This supported the increase in occupancy and rent of prime-grade offices. Smaller international and regional banks have been sourcing for modest expansion space in Singapore amidst other global banks ...

Posted on 18/10/2023

RHB maintains a defensive Singapore equities portfolio 4QFY2023

Top picks include Delfi, Sheng Siong, ThaiBev, OCBC, Golden Agri, Raffles Medical, ST Engineering, CDL, Centurion and Food Empire.

Posted on 18/10/2023

MOVES-Singapore’s bank OCBC makes key leadership changes in Greater China

Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) on Tuesday said that Wang Ke, currently CEO of OCBC Wing Hang China, will assume the role of Head of Greater China effective ...

Posted on 18/10/2023

TODAY Youth Survey: 78pc of Singapore youth aspire to own private homes as ‘life goal’; experts say financial realities will temper expectations

For Shuhadah, upgrading from a Housing & Development Board (HDB) flat to owning a private property is a goal she would like to achieve at some point in ... ( read original story ...)

Posted on 18/10/2023

IMF Says China Property Slowdown Will Weigh on Asia’s Growth

Growth in Asia and the Pacific, however, is expected to slow to 4.2% next year. The IMF expects it to further moderate to 3.9% in the medium-term -- the lowest in the past two decades except for 2020 ... ( read original story ...)

Posted on 18/10/2023

Singapore Stock Market Likely Rangebound On Wednesday

The Singapore stock market on Tuesday ended the two-day slide in which it had dropped more than 50 points or 1.7 percent. The Straits ...

Posted on 18/10/2023

Singapore Leverages Technology To Fight Across Domains

Singapore Leverages Technology To Fight Across Domains is available to both Aviation Week & Space Technology and AWIN subscribers. Subscribe now to read this content, plus receive critical analysis ...

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