the Singapore Police Force (SPF) said in an advisory on Tuesday (Jan 17). Victims would receive an email purportedly from their bank informing them that someone had logged into their Internet banking account. Recipients would then be prompted to verify the ... ( read original story ...)
Will bad loans continue to haunt Singapore banks this year?
It will slow down and the impact will be manageable, says Moody's. Singapore's three largest banks, DBS Bank Ltd., Oversea-Chinese Banking Corp Ltd, and United Overseas Bank Limited, face continued downward pressure on their solvency metrics of asset ... ( read original story ...)
Moody's: Singapore banks will weather through further weakening in asset quality
Moody's Investors Service says that Singapore's three largest banks - DBS Bank Ltd. (DBS, Aa1/Aa1 stable, a1), Oversea-Chinese Banking Corp Ltd (OCBC, Aa1/Aa1 stable, a1) and United Overseas Bank Limited (UOB, Aa1/Aa1 stable, a1) - face continued downward ... ( read original story ...)
Asian private banks target next generation of super-rich
The natural optimism of the seasoned Asian private banker has been hard to dent. It has withstood the implosion of BSI in Singapore, the private banking operation found culpable of anti money laundering failings, and the continuing problem that Asia has ... ( read original story ...)
SBI hits overseas debt market with $500 million five-year bond sale
The money will be raised through its London branch and will be listed on the Singapore Exchange,” two investment banking sources told PTI here today. When contacted State Bank refused to comment citing confidentiality clause as the market moving nature ... ( read original story ...)
Greenpeace calls HSBC out on financing deforestation
Singapore-listed Noble Group, and Korea’s Posco Daewoo Corporation. By financing these companies, HSBC is violating its own policies on responsible lending, said Greenpeace. Annisa Rahmawati, senior forest campaigner, Greenpeace Southeast Asia ... ( read original story ...)
Singapore, Indonesia economic ties set to strengthen: Lim Hng Kiang
SINGAPORE: Robust economic ties between Singapore and Indonesia are set to strengthen following 50 years of diplomatic relations, Trade and Industry (Trade) Minister Lim Hng Kiang said on Tuesday (Jan 17). Speaking at the Singapore Manufacturing Federation ... ( read original story ...)
IMDA to seek public, industry feedback on 5G mobile developments
The Info-communications Media Development Authority of Singapore (IMDA) plans to have a public consultation later this year on developments relating to fifth generation mobile networks (5G) and the spectrum required to run them, it announced on Tuesday ... ( read original story ...)
Singapore Market May Test Support At 3,000 Points
(RTTNews.com) - The Singapore stock market headed south again on Monday, one session after it had snapped the two-day slide in which it had surrendered more than a dozen points or 0.4 percent. The Straits Times Index now rests just beneath the 3,015-point ... ( read original story ...)
Singapore December exports jump 9.4 pct y/y, top expectations
SINGAPORE (Reuters) - Singapore's non-oil exports rose more than expected in December from a year earlier as shipments to China jumped, official data showed on Tuesday, Non-oil domestic exports (NODX) last month rose 9.4 percent from a year earlier, the ... ( read original story ...)
Q&A: How Singapore is using technology to transform its public services
Last year saw the launch of Singapore’s dedicated government technology agency GovTech. We sat down with the organisation’s chief information officer Chan Cheow Hoe to talk about some of the challenges facing government digital services and the ... ( read original story ...)
Malaysia respects Singapore's decision on road charge: Malaysian transport minister
KUALA LUMPUR: The Malaysian government respects Singapore's decision to introduce a reciprocal road charge of S$6.40 for all foreign-registered cars, said the country's transport minister Liow Tiong Lai on Monday (Jan 16). However, he said that Malaysia ... ( read original story ...)
Chinese visitors' land arrivals up 93.6% in 2016
"Many of these are operated by Chinese carriers that may conduct non-stop flights or choose to use other cities as opposed to traditional transit hubs such as Hong Kong and Singapore," OCBC noted. It added, "Nonetheless, we believe that the risk of this ... ( read original story ...)
Singapore exports jump on solid China sales, Trump factor a worry
SINGAPORE: Singapore's exports in December jumped for a second month thanks to solid shipments to China in a tentative sign of recovery for the external sector, but analysts were cautious about the outlook amid protectionist concerns stoked by incoming U.S ... ( read original story ...)
Singapore exports extend rebound, rising 9.4% in December
SINGAPORE: Exports in Singapore rose further last month, extending a rebound from November, according to figures released by International Enterprise (IE) Singapore on Tuesday (Jan 17). Non-oil domestic exports (NODX) expanded 9.4 per cent in December ... ( read original story ...)
Singapore’s Export Growth Beats Forecasts for Second Month
Singapore’s exports surged above economists’ forecasts for a second consecutive month, signaling a recovery in the trade-dependent economy. Key Points Non-oil domestic exports rose 9.4 percent in December from a year ago, International Enterprise ... ( read original story ...)