Singapore's retail sales fell a record 40.5% in April from a year ago due to lockdown measures implemented in the city-state to curb the spread of the novel coronavirus. The fall is the biggest since ... ( read original story ...)
Oil Trader Winson Demands Payment From OCBC For Hin Leong Deal
The spectacular collapse of Singapore oil trader Hin Leong Trading (Pte) Ltd. has sparked another legal skirmish between one of its banks and a trading rival. ( read original story ...)
Singapore bank deposits jump as Hong Kong, virus sow uncertainty
A record jump in money flowing into Singapore bank accounts from abroad underlines the city-state's safe haven appeal during the COVID-19 pandemic and political uncertainty in rival financial centre ... ( read original story ...)
SMEs’ cash flow problems easing with government relief: DBS survey
Cash flow issues appear to have eased for Singapore's small and medium-sized businesses (SMEs) as government relief kicks in, a DBS survey conducted in the final week of Singapore's eight-week circuit ... ( read original story ...)
DBS partners Food Bank to better address food gaps
DBS partners Food Bank to better address food gaps for the vulnerable through Singapore's first virtual food banking app - With Covid-19 exacerbating food insecurity, virtual food banking app aims to ... ( read original story ...)
Singapore stock watch: DBS, UOB, OCBC, Singtel, SIA, Sembmarine, Sembcorp, Hatten Land
The following companies saw new developments that may affect trading of their securities on Thursday (June 4):. Read more at straitstimes.com. ( read original story ...)
Singapore to assess COVID-19 impact on digital bank bidders – sources
Bidders for five Singapore digital bank licences on offer will have to factor in how the COVID-19 outbreak has impacted their funding and profitability plans, as the central bank kicks off interviews ... ( read original story ...)
Thai Beverage: Waiting for Better Conditions Before Considering Beer IPO
Thai Beverage PCL's potential listing of its beer business could be delayed, with the Bangkok-based beverage company saying it is waiting for a better global economic outlook before reviewing such a ... ( read original story ...)
From dawn to dusk, Singapore as it exits its COVID-19 circuit breaker: In pictures
People across Singapore started returning to work and school on Tuesday (Jun 2) as the country entered Phase 1 of lifting its “circuit ... ( read original story ...)
Singapore launches investigation into embattled water firm Hyflux
Singapore authorities said on Tuesday they had launched an investigation into water treatment firm Hyflux and its current and former directors for suspected false and misleading statements and ... ( read original story ...)
Harvard alum plots disruption of Asia’s moneychangers
"You don't know whether you will be charged very expensive fees, you don't know the forex rates that you're paying, and that causes a lot of worries in people's heads," said Chu, a Harvard Business ... ( read original story ...)
MOVES-Standard Chartered hires new head of wealth management business
SINGAPORE, June 2 (Reuters) - Standard Chartered has appointed Marc van de Walle, a senior executive from Asia-focused Bank of Singapore, as the global head of its wealth management business, which ... ( read original story ...)
Need for public-private partnership has increased in infrastructure development: Singapore minister
With government budgets being significantly diverted to support pandemic-hit economies, need for private sector funding has increased to help countries meet their infrastructure demand, says Indranee ... ( read original story ...)
Singapore schools will put measures in place to protect students as they return, minister says
Given the coronavirus is likely to stay for a considerable period of time, students can't be kept away from their education for a whole year, says Indranee Rajah, Minister in the Prime Minister's ... ( read original story ...)
Singapore remains global ‘safe harbor’ for investment despite pandemic, trade minister says
Singapore's ability to secure a "high volume" of investment commitments in 2020, despite the ongoing coronavirus pandemic, attests to its global reputation as an attractive and competitive "safe ... ( read original story ...)
OCBC to cut salary credit bonus interest on 360 account from July 1
Amid a weakened interest rate environment and the challenging macro climate, OCBC will reduce the salary credit bonus interest for customers on the OCBC 360 savings account from July 1.. Read more at ... ( read original story ...)