You can apply through ATM or Internet Banking via the three banks (UOB,OCBC, DBS) $10,000 will grow to $12,324 in 10 years. This bond is backed by the Singapore Government and its available to Singaporeans. You can find out more information about the SSB here. ( read original story ...)
Why SIA stands to benefit from the diversion of Chinese traffic from South Korea
It could give local tourism a boost. Singapore Airlines is a potential beneficiary of a diversion of Chinese traffic from South Korea, according to a report from UOB KayHian. Citing a report from Bloomberg, the UOBKayHian report said China has asked tour ... ( read original story ...)
HSBC to unveil AIA boss as its next chairman
HSBC will announce as soon as tomorrow that Mark Tucker, a former boss of insurance giant Prudential, has been appointed as its next chairman, ending a year-long hunt for a replacement for Douglas Flint. The appointment of Mr Tucker, who was briefly the ... ( read original story ...)
Time bank lets Japan's seniors swop services for free – from cleaning to companionship
Time banking is one of several schemes featured in an episode of Challenge Tomorrow this Sunday (March 12), which looks at how Japan, the United States, Australia and Singapore, are managing aging issues. More countries like Singapore are looking at ways ... ( read original story ...)
Bert Stegink leads UBS Singapore
A well-experienced wealth manager is now leading UBS’s business in Singapore. UBS, Asia’s largest wealth management firm, named Bert Stegink to the position earlier this month. Stegink will enter the Swiss firm from Dutch lender ABN Amro Private Bank ... ( read original story ...)
Canara Bank sells 13.5% of home finance arm to GIC for Rs 754 cr
State-run Canara Bank, which has been struggling to sell non-core assets to shore up its poor core capital, today sold 13.45 per cent of its stake in its home finance arm Can Fin Homes to GIC of Singapore for Rs 753.8 crore or USD 113 million. State-run ... ( read original story ...)
UOB launches sale of dual currency covered bonds
This is Asia's first dual currency covered bonds issue. Singapore banking giant United Overseas Bank announced two sales of covered bonds comprising of two tranches, a US$500m 2.125% covered bonds and an EUR500m 0.125% covered bonds, both due 2022. ( read original story ...)
Singapore regulator eyes blockchain for settlement
The Monetary Authority of Singapore is in talks with group of financial institutions to use distributed ledger technology for domestic inter-bank payments and securities settlement, following the completion of a proof-of-concept project. The process ... ( read original story ...)
Canara Bank Sells 13.45% Stake In Can Fin Homes
State-run lender Canara Bank Ltd has sold a 13.45 per cent stake in Housing finance arm Can Fin Homes Ltd to Singapore-based Caladium Investment Pvt Ltd for Rs 754 crore, it said on Friday. The divestment is seen as a part of the monetization process of ... ( read original story ...)
HSBC mulls former Prudential chief Mark Tucker for chairman
Europe's largest bank HSBC Holdings is planning to appoint former Prudential head Mark Tucker as chairman in the first stage of its management overhaul, according to reports. The bank is reportedly lining Mr Tucker up as Douglas Flint's replacement in ... ( read original story ...)
SCB deepens push into fintech with fund outlay
SCB, through its fintech subsidiary Digital Ventures, announced this week a “significant investment” in Dymon Asia Ventures, the fintech-focused venture capital arm of Dymon Asia Capital. Singapore-based Dymon Asia was ranked by Bloomberg as the 10th ... ( read original story ...)
Singapore 2nd on ranking of world's most innovative intellectual property offices
SINGAPORE - The Intellectual Property Office of Singapore (Ipos) has emerged as the first-runner up in a recent study of the world's most innovative IP offices, second only to the European Union, Ipos said in a press release on Thursday (March 9). ( read original story ...)
Singapore is working to become ‘Asia's Infrastructure Exchange'
Recognising the critical demand for infrastructure in the region, Singapore is launching itself as the infrastructure hub of Asia, senior minister of state for law and finance Indranee Rajah said. Speaking at the Asia-Pacific Energy & Infrastructure ... ( read original story ...)
China and Malaysia trump Singapore in number of women management roles
Singapore is the second-poorest performer amongst surveyed countries. The number of women in managerial positions has increased in Asia, according to global professional recruiting group Hays. The 2017 Hays Asia Salary Guide reveals that 31% of management ... ( read original story ...)
Mild Support Tipped For Singapore Shares
(RTTNews.com) - The Singapore stock market on Thursday wrote a finish to the two-day winning streak in which it had climbed almost 25 points or 0.7 percent. The Straits Times Index now rests just below the 3,120-point plateau, although the market may find ... ( read original story ...)
Singapore Shares Draw Flat Lead For Thursday
(RTTNews.com) - The Singapore stock market has tracked higher in two straight sessions, climbing almost 25 points or 0.7 percent along the way. The Straits Times Index now rests just above the 3,145-point plateau, although the market may be stuck in ... ( read original story ...)