After launching in Australia, Singapore, and Thailand, it’s now the the turn of Malaysia. The mobile payment system is finally available in the country through its partnership with major banks like Maybank, Citibank, Standard & Chartered, as well as Visa ... ( read original story ...)
Singapore Market May Inch Higher Again On Friday
(RTTNews.com) - The Singapore stock market has moved higher in back-to-back sessions, gathering almost 45 points or 1.5 percent along the way. The Straits Times Index now rests just above the 3,135-point plateau, and the market may open slightly higher ... ( read original story ...)
Singapore consumer price inflation at 28-month high on rising food and transport costs
Customers shop at a vegetable and fruits wholesale market in Singapore Reuters Consumer price inflation in the island nation rose to a 28-month high in January on the back of surging food and transport costs in the city while the monetary authority's core ... ( read original story ...)
Singapore Bourse May Reverse Wednesday's Gains
(RTTNews.com) - The Singapore stock market on Wednesday halted the two-day losing streak in which it had given away more than a dozen points or 0.4 percent along the way. The Straits Times Index now rests just above the 3,120-point plateau, although the ... ( read original story ...)
Singapore readies leveraged ETFs to keep up with rivals
Preparations are underway for the first new listing of inverse ETFs. According to Bloomberg, Singapore Exchange Ltd. last week published a new web page about the products, described as “a form of passive collective investment schemes (like ETFs ... ( read original story ...)
AIA, Manulife said to bid for SCB life insurance unit
Thai billionaire Charoen Sirivadhanabhakdi is partnering with Singapore's Great Eastern Holdings Ltd on a non-binding offer, while Hong Kong tycoon Richard Li's FWD Group and, separately, Prudential have also bid, according to the people. Bidders for SCB ... ( read original story ...)
HSBC Singapore gets new CEO
HSBC has appointed Tony Cripps, chief executive of HSBC Australia, to lead its group in Singapore, with effect from April 3, 2017, the bank said on Wednesday. He succeeds Guy Harvey-Samuel, who will retire from HSBC after more than 38 years at the bank. ( read original story ...)
New CEO for HSBC Singapore
HSBC Singapore has named Australian Tony Cripps as its new chief executive. He starts in the new role on April 3, taking over from Mr Guy Harvey-Samuel, who will retire from HSBC after more than 38 years at the London-based bank. Mr Cripps, who has been ... ( read original story ...)
Ex-Forex Traders in Singapore Get Jail Time for Cheating Banks
Former HSBC senior dealer Ivan Chng was sentenced to 15 weeks in jail, Singapore High Court Justice See Kee Oon said on Wednesday. Ex-Deutsche Bank trader Toh Hway Khuan was given an eight-week sentence. Neither man was fined. The two were convicted in ... ( read original story ...)
Singapore Press : Fifth edition of Asian Masters promises stellar line up and innovative, gastronomic experiences
Organised by Sphere Exhibits Pte Ltd, a wholly-owned subsidiary of Singapore Press Holdings, and Presenting Partner HSBC Bank (Singapore) Limited, Asian Masters is set to wow diners with its four key pillars: The Straits Times and Lianhe Zaobao's Best ... ( read original story ...)
Singapore Rugby 7s partners StubHub for secure ticketing experience
StubHub’s ticketing portals can be accessed by fans allowing countries to buy tickets to the HSBC Singapore Rugby 7s. The portal supports 36 currencies and can be accessed in more than 20 languages. Once the tickets are purchased, they will be directly ... ( read original story ...)
City watchdog investigating HSBC over potential financial crime, bank reveals
HSBC is the process of overhauling its board and seeking a new chairman. Photograph: Jacky Naegelen / Reuters/Reuters The City regulator is investigating HSBC over potential breaches of money laundering rules after concerns raised last year by the anti ... ( read original story ...)
Standard Chartered : Ageing – Passing the baton to Asia
Singapore and Hong Kong set to age fastest. In a new special report, Standard Chartered's Global Research team assesses the policy responses of countries in the region that most urgently need to tackle challenges related to ageing. It also analyses the ... ( read original story ...)
Singapore's Home Curbs May Stay for Some Time, Minister Says (1)
who’s also the second finance minister, said in a Bloomberg Television interview with Haslinda Amin. “If you look at the market today, demand remains very resilient.” Singapore’s government has been steadfast in its commitment to cool the housing ... ( read original story ...)
Fitch Rates UOB's Basel III Tier 2 Subordinated Notes Final 'A+'
Fitch Ratings has assigned Singapore-based United Overseas Bank Limited's (UOB) SGD750m 3.5% Basel III-compliant Tier 2 subordinated notes a final rating of 'A+'. The notes will be issued on 27 February 2017. This follows the receipt of final documents ... ( read original story ...)
UOB loan growth expands 8.9%
It was driven by Singapore and Indonesia. UOB demonstrated a pristine asset quality with NPL ratio receding 14bp qoq to 1.47% in 4Q16, according to research firm UOB KayHian. The report noted that UOB loan growth expanded in the past quarter, growing 8.9%. ( read original story ...)