Canada Pension Plan Investment Board is committing $325 million towards warehouses and other logistics investments in Singapore and Indonesia, in partnership with the Logos Property Group and the Caisse de depot’s real estate arm. It’s the first time ... ( read original story ...)
Singapore's surprise property moves applauded by businesses
Singapore's largest listed property firm is broadly welcoming revisions to the city-state's property cooling measures after more than 3 years of sinking prices. "Together with the government's policies to support population and economic growth, such ... ( read original story ...)
DBS seeks new CIO at wealth division as Lim retires, sources say
DBS Group (Singapore Exchange: DBSM-SG), Southeast Asia's largest bank, is looking for a new chief investment officer for its expanding wealth management division to replace Lim Say Boon, who is retiring after serving seven years, people familiar with the ... ( read original story ...)
Singapore to get 2 new radio stations
SINGAPORE: Singapore will get two new commercial free-to-air ... wellness and retirement planning, said IMDA in its news release. The station will also feature Chinese pop and "xin yao" entertainment music from the '80s and '90s. The second station is ... ( read original story ...)
Family thought news of motorcyclist killed in BKE accident was a scam
JOHOR BARU - The family members of a Malaysian who was killed in a road accident in Singapore initially did not believe the tragic news. Instead, they thought it was a scam to get money from them. However, their lives came crashing down when it was ... ( read original story ...)
Singapore bans former Goldman Sachs banker linked to 1MDB
Leissner resigned from the bank in February 2016. "MAS will not tolerate conduct by any finance professional that threatens to undermine trust and confidence in Singapore’s financial system," Ong Chong Tee, a MAS deputy managing director, said in a ... ( read original story ...)
POLL-Singapore Feb exports seen up 12.8 pct Y/Y
Apps/econ-polls?RIC=SGXOILY%3DECI SINGAPORE, March 13 (Reuters) - Singapore's non-oil domestic exports in February are expected to rise for a fourth consecutive month, a Reuters poll showed on Monday. Non-oil domestic exports in February were expected to ... ( read original story ...)
Singapore’s central bank completes blockchain-based inter-bank payment pilot
The Monetary Authority of Singapore (MAS) has completed a pilot project that was carried out for inter-bank payments using blockchain technology. In November last year, MAS announced that it is partnering with R3 and a consortium of financial firms to ... ( read original story ...)
Singapore, Hong Kong property sectors go opposite ways
Home prices in Singapore have declined for the past three years. According to a report from Bloomberg, whether you look at prices or policy, the property markets in Singapore and Hong Kong are marching resolutely in opposite directions. Singapore has eased ... ( read original story ...)
Education funds planning for Singapore expats
Living costs in Singapore are among the highest in the world. Expats who move to the city-state can expect to pay large amounts for their accommodation and for day-to-day expenses. Car buyers in Singapore usually pay five to six times the price of a ... ( read original story ...)
Singapore hints at covered bond reforms
Currently, the encumbrance limit for Singapore is 4 percent, on par with Canada, but lower than 8 percent for Australia and 10 percent for New Zealand. Many other jurisdictions have no encumbrance limits at all. "The two banks (DBS and UOB) are around ... ( read original story ...)
CPPIB, Caisse to invest in Singapore, Indonesia warehouses
Canada’s two biggest pension funds have agreed to partner with LOGOS, a real estate logistics operator, to invest in warehouses in Singapore and Indonesia, betting on demand from the rise of e-commerce and a burgeoning middle class in southeast Asia. ( read original story ...)
Singapore slaps prohibition order against former Goldman Sachs banker
SINGAPORE The Monetary Authority of Singapore (MAS) issued a 10-year prohibition order on Monday against Tim Leissner, a former director of Goldman Sachs (Singapore) Pte, who it said had made false statements on behalf of his bank without its knowledge or ... ( read original story ...)
Singapore, Hong Kong Property Marching in Opposite Directions
Whether you look at prices or policy, the property markets in Singapore and Hong Kong are marching resolutely in opposite directions. Singapore has eased some rules in its property market, after more than three years of home price declines. Hong Kong in ... ( read original story ...)
Singapore says Reuters report on water price protest misleading
Singapore's police took issue on Sunday with a Reuters report on a public protest over water price increases, saying it presented a "false and misleading" picture of the use of Speakers' Corner, a designated place for citizens to speak publicly on issues ... ( read original story ...)
Singapore’s maritime sector facing talent shortages in big data
A shortage of talent is preventing Singapore’s maritime industry from tapping the benefits of big data analytics to improve vessel performance and lower business costs, a new survey has found. Conducted ahead of Sea Asia 2017, a regional maritime ... ( read original story ...)