Category: FINANCE

(The following statement was released by the rating agency) HONG KONG/SINGAPORE, October 17 (Fitch) Fitch Ratings has today downgraded the Long-Term Issuer Default Rating (IDR) on Standard Chartered Bank (Singapore) Limited (SCBS) to 'A' from 'A+'. ( read original story ...)

While it will be a cooler experience for the 21.1km participants at the Standard Chartered Marathon Singapore (SCMS), some who have signed up for that category are already anticipating that they could get hot under the collar. They will start their races ... ( read original story ...)

The central bank of Singapore cracked the whip on three banks operating in the city-state in connection with the 1MDB scandal, holding them responsible for failures in anti-money laundering (AML) controls and breach of AML requirments. It also hinted at ... ( read original story ...)

Cab hailing aggregator Uber and London-based Standard Chartered Bank (SCB) announced a tie-up on Monday that will enable the bank's credit cardholders in six countries to get up to 25 percent cashback on Uber rides. SCB cardholders in India, Vietnam ... ( read original story ...)

Facebook user Chester Ang shared that his Manager at OCBC rewrote his resignation letter – just so that it would make the Manager look good. The user identified the Manager as Kenneth Chen from the Telesales department of the bank. Chester’s original ... ( read original story ...)

I signed on my resignation letter. End up my lanjiao manager go write me a new one to sign. The letter he made consists of untrue details whereby I don't agree to. "To Kenneth Chen, thank you for your mentorship and guidance. You have made important ... ( read original story ...)

Singapore has emerged as the top destination for Asian businesses expanding abroad, according to a UOB survey out yesterday. The country's stable political and social climate is a strong draw in these challenging times as overseas expansion becomes more ... ( read original story ...)

SINGAPORE: Singapore has been chosen as the top destination for business expansion among Asian companies for the second year running, according to survey findings released by UOB on Wednesday (Oct 19). One-third, or 32 per cent, of Asian enterprises polled ... ( read original story ...)

According to the United Overseas Bank (UOB) Asian Enterprise Survey 2016, Singapore has retained its top spot as Asian enterprises' favourite expansion destination. One-third of Asian enterprises surveyed chose the city-state as the market that they would ... ( read original story ...)

SSINGAPORE - Singapore retained its top spot as Asia's favourite business expansion destination, according to a UOB survey. One third, or 32 per cent, of the 2,500 business leaders surveyed said they would choose the Republic as the market to expand into ... ( read original story ...)

Who is he: Man…really? At least 70% of the statues in Singapore are based off him. Kidding. And he invented the cross-your-arms-look-off-camera look. This is the Raffles we’re talking about. Which UOB personality he is: #Globetrotter Why: Born in ... ( read original story ...)

United Overseas Bank (UOB) is launching soon a virtual marketplace for its small and medium enterprise (SME) clients – a first in Singapore by a commercial bank. The bank signed an agreement with cloudBuy, a global provider of cloud-based e-commerce and ... ( read original story ...)

United Overseas Bank (UOB) has signed an agreement with cloudBuy, a global provider of cloud-based e-commerce and business-to-business (B2B) solutions to create a virtual marketplace for the Bank’s small- and medium-sized enterprise (SME) customers. ( read original story ...)

SINGAPORE: A new postgraduate course will be offered here from Saturday (Oct 22) to boost training of the country's railway engineers. It's a collaboration between SMRT and the United Kingdom's University of Birmingham (UoB). Announcing details of the ... ( read original story ...)

Singapore’s central bank on Tuesday shut down a second Swiss bank in the city-state and fined banks DBS and UBS in its biggest crackdown on alleged money-laundering activities connected with Malaysian sovereign fund 1MDB. The Monetary Authority of ... ( read original story ...)

The Monetary Authority of Singapore (MAS) said it had ordered Falcon Bank to cease operations in the city-state because of "serious failures in anti-money-laundering (AML) controls and improper conduct" by senior management both at the head office in ... ( read original story ...)