More than a week after a shipment of armoured troop carriers belonging to Singapore was impounded by Hong Kong customs, the city state’s Ministry of Defence said on Thursday it had yet to be given a formal explanation as to why the military vehicles were ... ( read original story ...)
HSBC now offers Apple Pay service in Singapore
Apple Pay was officially launched in Singapore way back in April, in partnership with American Express. The other major banks which have already joined the party with Apple Pay service include POSB, DBS Bank, OCBC Bank, United Overseas Bank (UOB ... ( read original story ...)
Singapore books LNG-powered bunker-supply ship
SINGAPORE: Seattle-based Harley Marine Services says its Singapore subsidiary is to build Singapore’s first LNG-powered bunker-supply ship, a Dutch-designed newbuilding that will supply heavy fuel oil (HFO) and marine gasoil (MGO ) to Port of Singapore ... ( read original story ...)
Singapore minister sees increased threat of extremist attack
SINGAPORE A Singapore minister said on Friday the threat of an extremist attack was higher now than earlier this year as hardline Islamists are increasingly pushing their agenda in neighboring Indonesia. Law and Home Affairs Minister Kasiviswanathan ... ( read original story ...)
Singapore has quietly taken the global lead in LiFi technology development
pureLiFi, and Edinburgh-based company developing the cutting edge internet technology called LiFi, revealed this week it is working closely with Singapore’s Info-communications Development Media Authority (IMDA) to eventually trial its product in the city. ( read original story ...)
Standard Chartered and Coutts fined in Asia money laundering crackdown
Reuters SINGAPORE (Reuters) - Singapore's central bank said on Friday it imposed penalties on the local units of U.K.-based Standard Chartered Bank and Coutts for money laundering breaches related to Malaysia's scandal-tainted 1MDB fund. The penalties - of ... ( read original story ...)
Singapore fines banks for 1MDB Fund links
SINGAPORE - Singapore regulators said Friday they will fine two banks a total of over $5.3 million for having breached money laundering rules in dealings with an indebted Malaysian state fund. The Monetary Authority of Singapore fined the local branch of ... ( read original story ...)
Singapore slaps penalties on StanChart, Coutts in 1MDB-related probe
SINGAPORE (Reuters) - Singapore's central bank said on Friday it imposed penalties on the local units of U.K.-based Standard Chartered Bank and Coutts for money laundering breaches related to Malaysia's scandal-tainted 1MDB fund. The penalties - of S$5.2 ... ( read original story ...)
Singapore central bank slaps penalties on StanChart, Coutts in 1MDB-related probe
SINGAPORE (Reuters) - Singapore's central bank said on Friday it imposed penalties on the local units of U.K.-based Standard Chartered Bank and Coutts for money laundering breaches related to Malaysia's scandal-tainted 1MDB fund. The penalties - of S$5.2 ... ( read original story ...)
Upcoming retail stores step up technology adoption
The retail landscape in Singapore remains tough with overall rental declining ... Edmund Tie&Co notes that several upcoming developments are integrating technology with their physical stores to manage manpower constraints, as well as to attract the ... ( read original story ...)
Singapore and Japan hope TPP will be ratified and entered into force 'expeditiously'
TOKYO: Japan and Singapore will work together to ratify the Trans-Pacific ... negotiations so as not to reverse the trend of free trade," said Mr Abe in a joint news conference. Both countries are part of the 12-nation TPP that would cover about 40 per ... ( read original story ...)
Singapore in Beijing's Cross Hairs Over Taiwan Ties
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 ...)