Real estate investment trusts (REITs) are popular among Singaporeans. REITs are obliged to distribute at least 90% of their taxable income to enjoy tax benefits. Therefore, by investing in REITs, investors can receive regular distributions, usually on a ... ( read original story ...)
Buying Property In Singapore: Beginners Guide For Citizens and Foreigners
then looking for alternative sources of finance would have to come in hand. Some of the notable sources of funding for property purchases in Singapore are Cash, CPF savings, and Bank Loan To be able to use CPF savings in property purchase one must first ... ( read original story ...)
Singapore regulator says Uber app to delay shutdown amid competition review
SINGAPORE (Reuters) - Singapore’s competition watchdog said Uber will delay the ride-hailing app’s shutdown in the city-state by a week to April 15. Uber was initially set to end its services by April 8 in Singapore after a deal to sell its Southeast ... ( read original story ...)
Finance manager jailed for 11 years for siphoning $3.2 million from employer
SINGAPORE - A finance manager was trusted by his boss so much that he was given pre-signed cheques to settle payments. But Gene Chong Soon Hui abused his superior's trust and siphoned about $3.2 million of the firm's money by entering his own name on the ... ( read original story ...)
OCBC chief executive Samuel Tsien’s pay rises 15.6% to S$9.69m in 2017
SINGAPORE - OCBC Bank's chief executive Samuel Tsien has got a 15.63 per cent increase in pay in 2017 from a year ago, the bank disclosed in its annual report on Friday (April 6). Mr Tsien received S$9.69 million in 2017. In 2016, his total remuneration ... ( read original story ...)
16 Singapore banking jobs that pay $10k a month after just three years
You want a S$10k monthly salary by the time you’re an associate. These are the Singapore banking jobs where that’s possible. https://news.efinancialcareers.com/sg-en/278229/beware-sg-hk-banking-recruiters/ You’re an intern or analyst in Singapore ... ( read original story ...)
DBS targets 30% fewer corporate cheque payments by 2020
SINGAPORE - DBS Bank announced on Thursday (April 5) it will help its corporate clients reduce their cheque use by 30 per cent from current levels within the next two years, in a bid to help them keep pace with the increasing popularity of digital payments ... ( read original story ...)
Singapore Stock Market May Find Traction On Thursday
The Singapore stock market has finished lower in consecutive trading days, tumbling more than 90 points or 2.7 percent along the way. The Straits Times index now rests just beneath the 3,340-point plateau although it figures to snap the losing streak on ... ( read original story ...)
Singapore Exchange Limited’s Stock Is Near A 52-Week Low Now: Is It A Bargain?
I will be using the SPDR STI ETF (SGX: ES3) as a proxy for the market; the SPDR STI ETF is an exchange-traded fund that tracks the fundamentals of Singapore’s stock market benchmark, the Straits Times Index (SGX: ^STI). Singapore Exchange currently has a ... ( read original story ...)
Why Has Singapore O&G Ltd’s Stock Price Dropped By Nearly Half In The Last 12 Months?
So, Singapore O&G must still prove to investors that it is capable of growing its business going forward. Are you worried about the overall state of the market? Do you know the 1 thing you should never do in the stock market? The Motley Fool Singapore's ... ( read original story ...)
A senior UOB trader has just landed a top buy-side job in Singapore
One of Singapore’s most experienced traders has just re-emerged on the buy-side in a C-level job. https://news.efinancialcareers.com/sg-en/310579/setio-darmawan-hsbc-to-uob/ Clarence Chan, UOB’s former head of spot trading and eFX, has re-emerged as ... ( read original story ...)
Standard Chartered is said to start sale process for private equity unit
Singapore: Standard Chartered Plc, the UK bank with operations across Asia and Africa, is kicking off a sale process for its loss-making private equity unit, according to people with knowledge of the matter. Earlier this month, the bank sent so-called ... ( read original story ...)
Singapore fines Standard Chartered Bank, Trust
The Monetary Authority of Singapore (MAS) announced on March 19 it has imposed fines of 5.2 million SGD (about 3.95 million USD) on the Singapore branch of Standard Chartered Bank (SCBS), and 1.2 million SGD (about 910,000 million USD) on Standard ... ( read original story ...)
Standard Chartered hit by fine for money laundering breaches
Standard Chartered has been fined by regulators in Singapore for breaking money laundering and terrorism financing rules. The bank has been fined a total of 6.4m Singaporean dollars (£3.5m) by regulator the Monetary Authority of Singapore (MAS). ( read original story ...)
Standard Chartered Bonus$aver – Here’s How You Can Maximise The Interest Earned On This Deposit Account
This article is written in collaboration with Standard Chartered Bank (Singapore) Limited. All views expressed in the article are the independent opinions of DollarsAndSense.sg Building up savings is an important financial objective for many working adults. ( read original story ...)
Best Standard Chartered Credit Cards in Singapore – Credit Card Reviews 2018
The average Singaporean probably only knows of a couple of Standard Chartered credit cards – the Unlimited Cashback card and Spree card – but SCB actually has quite a number of credit cards on offer (some are either outdated or niche though). ( read original story ...)