SINGAPORE (Reuters) - The worst of the pain from the oil and gas downturn was felt by Singapore banks and other lenders in the region in 2016, DBS Group Holdings Ltd Chief Executive Piyush Gupta told a Reuters Newsmaker on Thursday, forecasting an improved ... ( read original story ...)
Mastercard and Singapore’s transport authority test contactless cards while eying mobile payments
in Singapore have teamed up to launch a pilot programme enabling commuters to pay for transit fares using contactless payment cards through an account-based ticketing (ABT) system, reports Paybefore (Banking Technology‘s sister publication). Although ... ( read original story ...)
ERA owners exploring IPO for Singapore's biggest property agency
Northstar Group said it is in the early stage of exploring an initial public offering of Singapore's biggest real estate agency ERA Realty Network, which has turned out to be one of its top-performing investments thus far. But the Singapore-headquartered ... ( read original story ...)
Fitch Rates DBS Bank's Callable Range Accrual Notes 'AA-emr'
(The following statement was released by the rating agency) SINGAPORE, March 01 (Fitch) Fitch Ratings has assigned DBS Bank Ltd.'s (AA-/Stable) USD20m 15-year callable range accrual notes due 13 March 2032 (ISIN: XS1567334666) a rating of 'AA-emr'. ( read original story ...)
Singapore Bourse May Inch Lower Again On Wednesday
(RTTNews.com) - The Singapore stock market has finished lower in three consecutive trading days, dropping almost 45 points or 1.4 percent in that span. The Straits Times Index now rests just beneath the 3,100-point plateau and the market is looking at ... ( read original story ...)
Huge Changes Coming to Singapore Airlines KrisFlyer Effective March 23
American Express, Citibank, Chase, and other banks are advertising partners ... and cash back (and currencies that can be converted into the same). Singapore Airlines KrisFlyer is one of the most valuable frequent flyer programs in the world. ( read original story ...)
What does it mean to declare bankruptcy in Singapore?
The easy availability of credit in Singapore often puts individuals in a situation where they are unable to repay their debts on time. In most instances, the delay is remedied soon enough. You may have to pay late fees or overdue interest along with the ... ( read original story ...)
Singapore MINDEF Internet system hacked: Ministry strengthens its cyber defence anticipating future attacks
Singapore MINDEF Internet system hacked, 850 national servicemen and employees data compromised Singapore's Ministry of Defence (MINDEF) has reported data theft of 850 national servicemen and employees in a recent security breach, which has been tipped as ... ( read original story ...)
Losing Streak May End For Singapore Bourse
(RTTNews.com) - The Singapore stock market has moved lower in two straight sessions, dropping almost 30 points or 1 percent along the way. The Straits Times Index now rests just beneath the 3,110-point plateau although the market may snap its slide on Tuesday. ( read original story ...)
India’s Revised Tax Treaty With Singapore Takes Effect
"The Third Protocol amending the existing Avoidance of Double Taxation Agreement (DTA) between Singapore and the Republic of India entered into force on February 27, 2017," a statement issued by Ministry of Finance of Singapore said. It further stated that ... ( read original story ...)
Singapore defence ministry reports cyber breach
Singapore's defence ministry said Tuesday that hackers had stolen the personal details of hundreds of staff and soldiers in what appeared to be a "targeted" cyber attack on its computer systems. Officials said hackers had not collected any classified data ... ( read original story ...)
OCBC Arena to host WBC-sanctioned boxing event in March
SINGAPORE: Two boxing champs will be in town when the OCBC Arena hosts its first pro boxing event come Mar 25. Among the fighters competing in the World Boxing Council (WBC)-sanctioned The Battle of the Champions: Road to Glory is the WBC’s World Silver ... ( read original story ...)
Will Singapore be next in Trump’s trade crosshairs?
And what does this mean for Singapore? To try to figure this out, we looked at two factors in international trade: the trade balance and currency appreciation/depreciation. Countries posting a trade surplus with the U.S. Redressing the balance of trade is ... ( read original story ...)
Singapore Jan bank lending slows for the first time 4 months
SINGAPORE Feb 28 Singapore's total bank lending in January slowed for the first time in four months, due to a fall in general commerce, central bank data showed on Tuesday. Loans and advances by domestic banking units in the city-state amounted to S$617.1 ... ( read original story ...)
Singapore Retail Banking Country 2016 Market Growth Opportunities, Analysis and Forecasts Report 2016-2021
Singapore has a highly concentrated market for most financial products, with DBS, POSB, and OCBC dominating the provision of current accounts, savings accounts, and mortgages. Consumers are cautious in their choice of provider, favoring those with strong ... ( read original story ...)
Finance firms eyeing bigger slice of the SME pie
Singapore's three listed finance firms are poised to reap benefits from regulatory changes that will boost their customer reach and capacity to lend. Already, Hong Leong Finance, Sing Investments & Finance and Singapura Finance have enjoyed hefty run-ups ... ( read original story ...)