“With property measures in place, slow growth in Singapore’s population and manpower curbs, we do not see runaway demand in sales transaction volume and property prices in the next few years,” he said at the Redas Mid-Autumn Festival Lunch. In ... ( read original story ...)
DBS’ journey to a cashless society
In April this year, DBS announced a vital new iteration for PayLah! In a Singapore first, all DBS PayLah! users – including non-DBS/POSB customers – can now pay using QR codes and also receive funds by generating their own QR code. This is a key step ... ( read original story ...)
UOB launches Business Banking service for SMEs
HCM CITY — Singapore’s United Overseas Bank (UOB) has launched a Business Banking service dedicated to help small businesses in Việt Nam grow their business. The move followed the recent State Bank of Việt Nam’s licensing of UOB as a foreign ... ( read original story ...)
OCBC app to offer voice banking
Singapore's Smart Nation push saw a new development with OCBC tapping Apple's Siri virtual assistant to allow businesses to transfer funds just by speaking to their Apple iPhone. This will be possible with next Monday's roll-out of a new feature on its ... ( read original story ...)
The ship is still sinking for Singapore’s shipyard sector
Oil prices and contract wins are not enough. Despite the rise in prices in the Brent crude and recent contract wins, recovery may still be out of reach for the shipyard sector, according to UOB Kay Hian. The firm said the recent rally in Brent crude prices ... ( read original story ...)
Singapore stocks snap two-day fall as lenders recover
Singapore stocks recovered after two sessions of declines on ... United Overseas Bank gained 1.4 percent, Overseas-Chinese Banking Corp gained 0.5 percent and DBS Group Holdings added 0.8 percent each. Shares in the aircraft maintenance company SIA ... ( read original story ...)
Singapore, Thailand Weigh E-Payment Alliance in Digital Push
according to a Monetary Authority of Singapore release on Aug. 29. Both networks allow peer-to-peer transfers via banks and enable payments to be made using recipients’ mobile phone or national identity card numbers. Thailand’s priority is to ... ( read original story ...)
Singapore military training exercises in Taiwan will continue: report
Singapore has reportedly assured Taiwan that a decades-long military agreement between both sides will remain, according to a South China Morning Post (SCMP) report. “[Singapore said] everything would be the same as usual,” said Taiwan’s Foreign ... ( read original story ...)
Singapore’s public sector finds agility and speed in AWS
When WordPress developers issued a critical software update earlier this year, the Singapore government was able to apply the update across its websites that were powered by the popular content management system within hours. Download this free guide Cloud ... ( read original story ...)
Singapore and Thailand look to link e-payment schemes
Thailand and Singapore have announced tentative plans to integrate their respective e-payment schemes in a bid to promote digital banking, according to a Bloomberg report. The initiative, which would be a first in the Asean region, is also being driven by ... ( read original story ...)
Singapore’s MAS May Tighten Policy, Pimco Says
UOB and HSBC expect the monetary authority to keep its policy ... It doesn’t disclose details on the basket, or the band or the pace of appreciation or depreciation. The Singapore currency’s trade-weighted index is approaching its highest level in ... ( read original story ...)
InnoVen Capital appoints Ashish Sharma as CEO for India
InnoVen is a pan-Asian venture debt platform jointly owned by UOB and Temasek, with offices in Mumbai, Singapore and Beijing. As India's oldest and largest venture debt platform, InnoVen has supported and provided more than USD 240 million in capital to ... ( read original story ...)
Pimco sees chance Singapore’s MAS surprises by tightening stance
UOB and HSBC expect the monetary authority to keep its policy ... It doesn’t disclose details on the basket, or the band or the pace of appreciation or depreciation. The Singapore currency’s trade-weighted index is approaching its highest level in ... ( read original story ...)
MAS may surprise financial markets by tightening its policy stance this month: Pimco
SINGAPORE — There's a chance the Monetary Authority of Singapore ... October statement to prepare the market for some tightening in the first half of 2018. UOB and HSBC expect the monetary authority to keep its policy unchanged at its upcoming meeting. ( read original story ...)
Oil stable on expectations of extended output cut, but U.S. crude exports drag
SINGAPORE (Reuters) - Oil prices were stable on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market. Brent crude futures ... ( read original story ...)
Godrej Agrovet IPO subscribed 53% on first day
The IPO will close on 6 October ... which at the upper end of the price band will fetch the Singapore state-owned investor about Rs565.8 crore. Temasek invested Rs572 crore in 2012. Post share sale, Temasek will hold 13% in Godrej Agrovet. ( read original story ...)