MANILA, Philippines - DBS Bank Ltd of Singapore sees the peso depreciating to the 51 to $1 level in the first quarter of the year as it remains the worst performing currency in Asia this year. In its Asian currencies mid-quarter update “USD is becoming ... ( read original story ...)
Generation Next Singapore appoints Rajeev Gooneratne to head Sri Lanka operations
Generation Next Communications Pte Ltd., ( GENXT), Singapore a leading mobile & IT distributor within Asia has appointed Rajeev Gooneratne as their new Chief Executive Officer to head the operations of Generation Next Communications Sri Lanka. Rajeev has ... ( read original story ...)
Canara Bank hits overseas bond market with $ 400-mn issue
which will be drawn through its London branch and will be listed on the Singapore Stock Exchange,” merchant banking sources told PTI. The Bangalore-based bank has hit the forex debt market after a long gap. Foregin rating agency Moody’s has assigned a ... ( read original story ...)
APCNGA seeks duty-waiver on import
He said the association had finalised all arrangements to start import of new lightweight 22kg CNG cylinders and compatible kits, which could be used in 660cc to 3000cc vehicles. "Two foreign companies from Italy and Singapore have agreed to provide EFI ... ( read original story ...)
Waste of Foreign Exchange Importing Luxury Cars
Controller Import and Exports I was responsible for the disbursement ... The Island News paper reported that over 100,000 have travelled to Singapore this year. All this means large commitments on the country’s Forex. FOREIGN EXCHANGE IS NOT BUDGETED ... ( read original story ...)
Summit ties up with GE, Excelerate for $1b energy projects
Summit Power International Pte Ltd, a Singapore incorporated power producer, has announced collaborations valued at $1 billion for power generation and offshore liquefied natural gas import terminal projects. US firm GE and Summit entered into a memorandum ... ( read original story ...)
Canara Bank taps bond market with $400 mn issue
which will be drawn through its London branch and will be listed on the Singapore Stock Exchange,” merchant banking sources told PTI. The Bangalore-based bank has hit the forex debt market after a long gap. Moody’s has assigned a Baa3 rating to the ... ( read original story ...)
Global Markets Ends On A Positive Note
Barring Singapore, India and Japan ... led growth means the services sector accounts for a bigger slice of the mainland economy. The share market in china closed higher by 0.3% compared to last week. The Bank of England (BoE) left interest rates unchanged ... ( read original story ...)
Constellium N.V. Ordinary Share (NYSE:CSTM) Experiences Heavy Trading Volume
The Packaging & Automotive Rolled Products segment produces rolled aluminum products, including can stock and closure stock for the beverage and food industry, and foil stock for the flexible packaging market ... and Singapore. Constellium N.V. was ... ( read original story ...)
NRI Accused Of Robbing Petrol Pump Employee In Singapore, The First Such Incident In 10 Years
SINGAPORE – An Indian-origin man in Singapore has allegedly ... About 500 dollar in cash, some bank receipts and a scooter were seized by the police. These, along with his outfit — a black T-shirt, a pair of long black pants, a beige jacket, a ... ( read original story ...)
DBS profit rises 8%, beating expectations
SINGAPORE--DBS Group Holdings Ltd.'s (D05.SG) second-quarter net profit rose 8% from a year earlier on a rise in net interest income and loans, helping Southeast Asia's biggest bank beat expectations. Net profit in the three months ended June 30 rose to 1 ... ( read original story ...)
Singapore Disquiet Deepens
Singapore's stability, one of its most important characteristics and the bedrock of its finance industry and economic prosperity, could be under threat. The feud has played out as the finance center is also roiled by the billion-dollar graft scandal ... ( read original story ...)
Weekend crowds turn up for coffee, talks and more at Singapore Coffee Festival
... The Singapore Coffee Festival hit its stride as Saturday (Aug 5) morning saw the weekend crowd streaming in to get their coffee fix. The second edition of the four-day event, which is organised by The Straits Times and presented by DBS Bank, entered ... ( read original story ...)
DBS earnings for first half of 2017 rise 4% to record S$2.35b
SINGAPORE — DBS Group achieved record net profit of S$2.35 billion for the first half of 2017, up 4 per cent a year ago. Total income reached a half-year high of S$5.81 billion as broad-based loan growth and record fee income offset the impact of a lower ... ( read original story ...)
DBS cuts allowances to $224m
Second quarter figure reduced by 17% but oil and gas provisions could rise. Singapore’s DBS Group has warned that oil and gas provisions could rise this year, despite overall allowances being cut 17% in the second quarter. The Singapore lender said ... ( read original story ...)
Singapore’s 3 major banks enjoy higher quarterly profits
SINGAPORE -- The three top banks in Singapore posted net profit growth for the April-June quarter, driven by strength in both lending and fee income. DBS Group Holdings, the biggest player in the country, on Friday announced an 8% year-on-year profit jump ... ( read original story ...)