JAKARTA: Indonesia is investigating reports that US$1.4 billion held by Standard Chartered Plc in Guernsey, mainly on behalf of Indonesian clients, was transferred to Singapore just before the island moved to new tax transparency rules, officials said. ( read original story ...)
Standard Chartered under investigation for $1.4 billion transfer to Singapore
The Monetary Authority of Singapore (MAS) and the Guernsey’s Financial Services Commission were looking into the movement of assets in late 2015, months before the Channel Island adopted a global framework for the exchange of tax data. The transaction ... ( read original story ...)
3 Important Things For Investors To Know About DBS Group Holdings Ltd Now
DBS Group Holdings Ltd (SGX: D05) is Singapore’s largest bank by total assets. With US interest rates likely to rise going forward (given the fact that the Federal Reserve has signalled six rate hikes from now till end-2019), investors in Singapore are ... ( read original story ...)
OHR – OCBC’s New Home Loan Package: Is It Better Than DBS’s FHR?
Sick of playing catching with DBS’ home loan rate, OCBC has dropped their fixed deposit-linked home loan rate, the OCBC FDMR, and introduced a new OCBC Home Rate, or OHR. Yes, Singapore has yet another acronym to deal with, but in this case, it’s a ... ( read original story ...)
Stanchart’s transfer of private banking assets to Singapore comes under MAS’ scrutiny
SINGAPORE - The transfer of US$1.4 billion (S$1.9 billion) of private bank client assets from the English Channel isle of Guernsey to Singapore before new tax transparency rules were introduced has come under the scrutiny of the Monetary Authority of ... ( read original story ...)
Heng Swee Keat to attend G-20 finance ministers, central bank governors meeting in Washington
SINGAPORE - Finance Minister Heng Swee Keat will be in Washington, DC, from Oct 11 to 13 to attend a meeting of Group of 20 (G-20) finance ministers and central bank governors. He will also attend the annual meetings of the World Bank Group and ... ( read original story ...)
Diamonds: A Singapore Bourse Calls Them Portfolio Must-Have
When it comes to havens, investors usually think of gold or Treasuries. Now an exchange in Singapore is starting to trade a credit card-sized package of diamonds for those seeking a shelter from global risks. While bullion trades in standard weights and ... ( read original story ...)
HSBC is hiring for its new UK headquarters. Here’s how to get a job there
“We have already attracted people from London and from markets like Germany, Hong Kong and Singapore.” HSBC is committed to recruiting and retaining a diverse workforce in Birmingham, says Andrews. “Diversity is especially important because the ... ( read original story ...)
Singapore’s CDL bids for full control of Millennium & Copthorne Hotels
The company has in response stalled certain projects and in August reported stronger demand at its hotels in London and Singapore. Deutsche Bank and HSBC Bank acted as financial advisers to CDL, while Credit Suisse acted on behalf of M&C’s independent ... ( read original story ...)
Singapore’s City Developments offers to buy remaining M&C stake
Deutsche Bank and HSBC Bank are acting as financial advisers to CDL, while Credit Suisse is acting for M&C’s independent directors. Last week, CDL and its joint venture partner said they would buy a freehold residential site on Singapore’s east coast ... ( read original story ...)
honestly Shiok! – up to 50% off your favourite dishes with honestbee
With 5 restaurants across Singapore, Poulet has established itself as a fine ... Enjoy 1-for-1 movie tickets at Cathay Cineplex Cineleisure Orchard and Downtown East with your PAssion POSB Cards on 10 Oct 17 ( read original story ...)
UOB Stash Account – How To Maximise Your Interest Returns On Your Savings Using This New Account
recently launched its latest savings account – the UOB Stash Account. This new savings account gives people in Singapore a new and simple way to accumulate and earn interest on their savings. The UOB Stash Account works in a relatively straightforward ... ( read original story ...)
Owner of Garena gaming platform seeks up to $950m from IPO
South-east Asia's most valuable start-up Sea - known for its Garena gaming and shopping platform - aims to raise as much as US$696 million (S$949.6 million) in its United States initial public offering (IPO). The Singapore-based company, formerly called ... ( read original story ...)
Singapore aims to rival London and New York in debt restructuring
[cat_name] => Finance and Insurance [category_nicename] => finance-and-insurance [category_parent] => 54 ) ) Singapore authorities are trying to position the Southeast Asian republic as a debt restructuring centre on a par with London and New York ... ( read original story ...)
Indonesia investigates StanChart over $1.4 billion transfer
JAKARTA (Reuters) - Indonesia is investigating reports that $1.4 billion held by Standard Chartered Plc (STAN.L) in Guernsey, mainly on behalf of Indonesian clients, was transferred to Singapore just before the island moved to new tax transparency rules ... ( read original story ...)
DBS Adopts Credit Cycle Approach with Z-Risk Engine to Meet IFRS 9 Regulatory Requirements Ahead of January 2018 Deadline
SINGAPORE--(BUSINESS WIRE)-- DBS, the Singapore-based regional bank, announced today that it is deploying Z-Risk Engine ® (ZRE) to generate forward-looking future credit losses on the bank’s wholesale credit portfolio, as it complies with imminent IFRS ... ( read original story ...)