Category: FINANCE

Average wealth per adult is around $395,000. Singapore ranked seventh in the top ten major economies with the highest average wealth per adult in mid-2016, a research by Credit Suisse said. Wealth per adult rose 1.4% to $395,000 (US$277,000) in mid-2016. ( read original story ...)

Egypt ranked 44 in HSBC’s Expat Explorer report, while Singapore still ranks as the best destination for expats for the second year running. The Expat Explorer league table ranks each country or territory using a score that summarises expats’ overall ... ( read original story ...)

The EIU’s ‘Connecting Capabilities’ report shows Singapore is leading the way in Asian Digital Transformation Index. It notes that the city-state’s strong performance is primarily due to its well-developed digital infrastructure, as well as a ... ( read original story ...)

Smaller drag from oil-related items offset lower food and services inflation. Singapore inflation has fallen 0.1% in October, compared to the 0.2% fall in September. This came as a smaller drag from the cost of oil-related items more than offset lower food ... ( read original story ...)

SINGAPORE (Reuters) - Singapore downgraded its forecasts on economic growth and exports for 2016 after confirming a contraction in output in the third quarter, raising the risk of a recession amid fresh uncertainty around global trade under U.S. President ... ( read original story ...)

High demand to see the British soft-rock band perform is creating a thriving resale market where tickets are going at a 3,000-percent premium. ( read original story ...)

OVERSEA-CHINESE Banking Corporation (OCBC) has established a US$10 billion global covered bond programme that will be available to certain non-US investors outside of the US. This programme, announced in a filing to the Singapore Exchange on Wednesday ... ( read original story ...)

SINGAPORE - UOB is gunning for 40 per cent growth in billings in its regional credit and debit cards base over four years, following an outperformance this year in this competitive market, a top executive said in an interview on Tuesday. This strategy will ... ( read original story ...)

It is currently home to 200 Spanish businesses. More Spanish firms will be calling Singapore their casa as Parliamentary Secretary for Trade and Industry Low Yen Ling urged more business to anchor their operations in the city-state. At the Spain-Singapore ... ( read original story ...)

Have you ever wondered how much are Singapore’s residential properties worth? How much housing loan is outstanding in Singapore’s property market? Chart 1: Total value of Singapore’s Residential Property assets, 3Q 2016, Singstat, iCompareLoan.com ... ( read original story ...)

BANK of Singapore has been granted a category 4 licence to operate a branch in the Dubai International Financial Centre (DIFC), a federal financial free zone in the United Arab Emirates. The licence will allow Bank of Singapore to offer a comprehensive ... ( read original story ...)

Singapore’s central bank is testing out the use of blockchain for banks making payments to each other. The Monetary Authority of Singapore (MAS), the country’s central bank, is working with IT supplier R3 and a consortium of financial institutions on a ... ( read original story ...)

SINGAPORE'S banks and financial services companies are facing increasing competition from foreign markets in their efforts to recruit candidates with the skills they require, shows a survey. Specialist recruiter Robert Half's survey found that more than ... ( read original story ...)

Dubai - Mubasher: Bank of Singapore has been granted a Category 4 licence to open a branch in the Dubai International Financial Centre (DIFC), according to a statement. The bank will offer a comprehensive range of customised private banking solutions. ( read original story ...)

Bank of Singapore (BoS), a subsidiary of Singapore's second biggest lender OCBC Bank, said here on Tuesday it has been granted a Category 4 licence to operate a branch in the Dubai International Financial Center (DIFC). The license allows BoS to offer a ... ( read original story ...)

Commonwealth Bank has appointed Jason Dunn as global head of commodities structuring in Singapore, according to a source familiar with the move. Prior to joining the Australian bank in September, Dunn worked for Noble Group as a director of client solutions. ( read original story ...)