For decades, Singapore has walked a careful line between the U.S. and China. Now, the tiny Southeast Asian state is finding itself in Beijing’s cross hairs. China has gone public in recent months to chastise Singapore for a perceived alignment with the U ... ( read original story ...)
Singapore and Myanmar ties to improve
Singapore and Myanmar will begin discussions on a bilateral investment treaty and avoidance of double taxation, in a sign of growing economic ties between the two countries. This move will send a positive signal to investors and boost economic growth, said ... ( read original story ...)
Apple Pay now extended to HSBC cardholders in Singapore
SINGAPORE — HSBC cardholders in Singapore can begin using the Apple Pay mobile payment and digital wallet service from Thursday (Dec 1), the bank has announced. As part of its launch promotion, customers who link their HSBC creditcards to Apple Pay will ... ( read original story ...)
DBS eliminates a dozen jobs at brokerage as trading slumps
SINGAPORE —DBS Group Holdings cut at least 12 roles across Asia at its brokerage unit, the latest bank to shrink its trading desk as volumes slump. DBS Vickers Securities is rationalising its institutional business unit as it seeks to be “more ... ( read original story ...)
Singapore one of lowest tax-GDP ratio among Asian economies: OECD
SINGAPORE: Singapore is among the lowest-taxed economies in South-east Asia and among economically advanced nations as a whole, according to a report issued on Tuesday by the Organisation for Economic Co-operation and Development (OECD). Only Indonesia ... ( read original story ...)
Singapore, Japan central banks agree on currency swap line
SINGAPORE (Reuters) - The Monetary Authority of Singapore (MAS) and the Bank of Japan have established a local currency swap agreement, the MAS said on Wednesday. The agreement allows for the exchange of local currencies between the two central banks of up ... ( read original story ...)
Room for more at Singapore Sevens
The global economy looks shaky in the next few years, but organisers of the Singapore leg of the HSBC World Rugby Sevens Series are still confident of pulling in the fans next April. The slowing economy has already affected this year's edition of the ... ( read original story ...)
DBS, Bank of Singapore in acquisition mode
Acquisition this year amounted to $400m. DBS Group Holdings Ltd. and Bank of Singapore, Asia’s largest home-grown private banks, will consider more acquisitions as they grapple for a bigger slice of business from the region’s growing number of ... ( read original story ...)
Singapore businesses ‘not too worried’ as TPP's fate hangs in the balance
According to the Singapore Business Federation (SBF), the local business community has "not expressed any concerns so far with regard to the TPP". Given the scale and complexity of the agreement, its ratification and implementation was not going to be ... ( read original story ...)
Singapore central bank cautions property investors
Singapore's property investors got a yellow card from the city-state's central bank in its annual financial stability review. "Before investing in property, investors should be aware that rising vacancy rates, declining rentals and impending interest rate ... ( read original story ...)
Citi launches its digital mobile payment service in Singapore
a digital wallet which allows its credit card holders in Singapore to make payments via their mobile phones. To use Citi Pay, customers will need to log into the app using their Citibank online user ID and password before the app automatically populates ... ( read original story ...)
How technology redefines the role of government
ABOUT THE AUTHOR: Liu Feng-Yuan is Director of the Data Science Division at the Government Technology Agency. This piece first appeared in The Birthday Book 2016, a book of essays by 51 different authors on Singapore’s Next Big Thing. TODAY will be ... ( read original story ...)
NTU and Stratasys 3D Print Operational Drone with Embedded Electronics Using Aerospace-grade Material
Singapore (NTU Singapore) have 3D printed a ready-to-fly drone with embedded electronics using aerospace-grade material. The electronics were incorporated in the drone during the 3D printing process which employs Stratasys ULTEM™ 9085 --a high strength ... ( read original story ...)
Semiconductors power up Singapore's manufacturing output in October
The semiconductors production has once again sparked a boost in Singapore's manufacturing output, which saw a 1.2% expansion in October. According to Economic Development Board, the electronics cluster was a bright spot, as its output in October increased ... ( read original story ...)
DBS, Bank of Singapore ready for acquisitions in wealth mission
HONG KONG/SINGAPORE — DBS Group Holdings and Bank of Singapore, Asia’s largest home-grown private banks, will consider more acquisitions as they grapple for a bigger slice of business from the region’s growing number of millionaires. DBS would look ... ( read original story ...)
Troop carriers seized: Is China sending Singapore a message?
Singapore's Ministry of Defence said the shipment of Terrex infantry carriers had been delayed on November 23 during a routine inspection by Hong Kong Customs. Local media reports have suggested the seizure was at Beijing's request. It certainly earned ... ( read original story ...)