Singapore says it doesn’t see a second wave of coronavirus infections at this point, even as the number of community and imported cases ticked up after the city-state lifted restrictions put in place ... ( read original story ...)
Singapore-based Hontop Energy accused of suspicious trades
Collapsed oil trader Hontop Energy has been accused by its biggest lender of “suspicious transactions” in the latest scandal to rock Singapore’s commodity sector. Malaysian bank CIMB made the ... ( read original story ...)
Singapore: Manufacturing sector remains under pressure – UOB
UOB Group’s Economist Barnabas Gan reviewed the latest PMI figures in Singapore. Key Quotes “Singapore’s manufacturing and electronic PMIs reported by SIPMM rose for the sec ... ( read original story ...)
Singapore banks’ weakening operating environment pressures ratings: Fitch Ratings
Fitch Ratings aims to review and resolve a rating watch negative (RWN) placed on DBS, OCBC and United Overseas Bank "in the next three months or so", the credit ratings agency said in a report on ... ( read original story ...)
‘No reason’ to hold Singapore’s general elections amid pandemic, says opposition party
"There's no way that an election held under these conditions can be free and fair," says Reform Party chief Kenneth Jeyaretnam, who emphasizes the need for Singapore's voters to embrace political ... ( read original story ...)
Singapore: The worst is behind for the high street? – UOB
Barnabas Gan, Economist at UOB Group, reviewed the latest retail sales figures in Singapore. Key Quotes “Singapore retail sales plunged by another 52.1% y/y in May 2020, a recor ... ( read original story ...)
DBS launches transition financing framework to help ‘less than dark-green’ industries
To bridge the gap between traditional and sustainable financing, DBS’s transition framework will facilitate the move of key industries towards a low-carbon economy. But transition financing ... ( read original story ...)
Covid-19 to ‘Weigh Heavily’ on Singapore’s Economy, PM Lee Says
Prime Minister Lee Hsien Loong said he’s determined to hand over Singapore “intact” and in “good working order” to the next generation of leaders, predicting the coronavirus crisis will “weigh heavily ... ( read original story ...)
China Beverage Firm Wahaha Said to Mull IPO Above $1 Billion
Hangzhou Wahaha Group Co., one of China’s biggest drink makers, is weighing an initial public offering that could raise more than $1 billion, according to people with knowledge of the matter. ( read original story ...)
UPDATE 1-Philippine broadband firm Converge ICT files for up to $725 mln IPO
Philippine fiber broadband services provider Converge ICT Solutions Inc, on Friday filed for an initial public offering (IPO) of up to 35.92 billion pesos ($725 million) on the local bourse, braving ... ( read original story ...)
Singapore May retail sales crash 52.1% in record drop
Singapore total retail sales fell a record 52.1% on a year-on-year basis in May, when the city-state was under a lockdown to prevent the spread of COVID-19 infections, according to data released by ... ( read original story ...)
Banks in Singapore to tighten commodity financing practices after collapse of oil trader Hin Leong
Commodity trade financiers in Singapore are teaming up to improve lending practices and transparency after a spate of defaults.. Read more at straitstimes.com. ( read original story ...)
Coronavirus: Status of Standard Chartered Singapore Marathon will be determined by ‘safe management measures’
A decision on whether the Standard Chartered Singapore Marathon (SCSM) will proceed as planned in December "will be guided by the prevailing safe management measures in Singapore", organisers told The ... ( read original story ...)
DBS, Schroders launch multi-asset fund for retirement income planning
DBS and Schroder Investment Management Singapore (Schroders Singapore) on Friday (July 3) announced the launch of a multi-asset fund for retirement income planning, named Schroder Asia More+.. Read ... ( read original story ...)
Exclusive: Banks to tighten lending practices for Singapore commodity sector – sources
Commodity trade financiers in Singapore are teaming up to strengthen lending practices and improve transparency in the sector following a spate of defaults at trading firms, four sources with ... ( read original story ...)
How Thermal Screening Can Help Detect COVID-19 in the Workplace
As the coronavirus pandemic subsides — whenever that might be — businesses will be figuring out how to reopen in a manner that’s safe for employees as well as for customers. One valuable tool is ... ( read original story ...)