Asean investors have become the largest investors in their own region, three times more than from Chinese investors, said Tony Cripps, chief executive officer of HSBC Singapore. According to Asean Investment Report 2016, Asean remained a major destination ... ( read original story ...)
From Worst to Best: A Shipbuilder’s Fortunes Turn Around
By Krystal Chia and Livia Yap (Bloomberg) — A recovery in demand for new bulk carriers has helped Singapore’s worst-performing stock ... according to a report by HSBC Global Research. It reported $823 million last year, according to a company statement. ( read original story ...)
The new trade order
Tony Cripps, the CEO of HSBC in Singapore, said Asean was the world's fourth-largest trade bloc and about 25% of its trade activity was within the connected countries of the 10-member bloc, so "the fundamentals are incredibly powerful", especially with the ... ( read original story ...)
Be financially savvy: 7 tips for millennials to better prepare themselves for retirement
Among these dreams is retirement at 60. According to HSBC's Singapore report in May on The Future of Retirement series, Shifting Sands, most of those here aged between 20 and 37 expect to quit working at 60. This is two years earlier than the overall ... ( read original story ...)
WeWork is raising tons of money as it marches toward Asia
The company also bought Singapore co-working firm Spacemob in a separate deal ... The company, which is considering an IPO, is reportedly in talks to rent a building in Hong Kong’s nightlife district. ( read original story ...)
World Class Global first-half loss narrows on forex gain
The increase in share capital was due to the issuance of new ordinary shares in the capital of the company pursuant to the IPO while the rise in other ... shares jumped 4.1 percent to S$0.255 on the Singapore Exchange. ( read original story ...)
HNA’s Singapore REIT Partner Is Said to Explore Reducing Ties
announced in March it planned to buy at least a 35 percent stake in a REIT that will list in Singapore, as well as 75 percent of a trust management company formed with AEP. The IPO was slated to raise more than $400 million, people with knowledge of the ... ( read original story ...)
Latham & Watkins advises on $500-mn Azure Power Green Bond Offer
The Latham team was led by Singapore partner and India Practice Head Rajiv Gupta along with others. Rajiv Gupta in a statement said: “Following our work with Azure on their US IPO in 2016, it has been a pleasure to work with them once more on this ... ( read original story ...)
3 Things to Know about Singapore’s Stock Market Barometer
If you wish to know how the Singapore stock market is performing, you would have to turn your attention to the Straits Times Index (SGX: ^STI), or STI for short. As mentioned earlier, banks make up 36.52% of the index. The next biggest sector is real ... ( read original story ...)
Singapore sees US$61.5 million quarter-on-quarter increase in fintech investments
Fintech investments in Singapore saw an increase of US$61.5 million quarter over quarter despite continued decline in deal volume, according to the KPMG Pulse of Fintech report. While the historical trends showed that this is not out of the ordinary ... ( read original story ...)
Hong Kong, Singapore and China get tough on tax havens
Indonesia Finance Minister Sri Mulyani Indrawati ... In June, Indonesia signed multilateral and bilateral authority agreements with Singapore and Hong Kong, the go-to places for wealthy Indonesians to stash their money. “Globalisation has transformed ... ( read original story ...)
Warburg Pincus-backed ESR in talks to buy Singapore’s Sabana REIT: sources
SINGAPORE (Reuters) - Warburg Pincus-backed e-Shang Redwood ... unit price fell further in December following a fund raising announced by the company to finance its acquisitions. Then Sabana's manager set up a strategic review to explore options to ... ( read original story ...)
4 things you need to aim for before you can retire comfortably in Singapore
There are plenty of Singaporeans who have the capacity to retire, but still find themselves working. Some of these people work because they enjoy it, and that’s a great thing. But at the same time, some of them keep working out of fear. Many of us have a ... ( read original story ...)
Singapore Savings Bond versus Savings Account versus Fixed Deposits
The latest Singapore Savings Bond (“SBSep17“) is offering 2.12% effective interest rate over a ten years period. Many people have been lamenting about the low interest rates and I also think the Singapore Savings Bond interest rate is not attractive. ( read original story ...)
FIDOR INVESTS INVESTS CLOSE TO S$800,000 (€500,000) TO DEVELOP FIRST-OF-ITS-KIND STUDENT ACADEMY PROGRAMME FOR POLYTECHNICS IN SINGAPORE
This is the first time Fidor has introduced such a programme in the APAC region, with the aim to help boost Singapore’s growth as a FinTech Hub in this region. Supported by the Monetary Authority of Singapore (MAS), the Fidor Student Academy Singapore ... ( read original story ...)
Singapore Savings Bonds SSB September 2017 Issue gives you 2.12% interest per year over 10 years
You can apply through ATM or Internet Banking via the three banks (UOB,OCBC, DBS) $10,000 will grow to $12,167 in 10 years. This bond is backed by the Singapore Government and its available to Singaporeans. You can find out more information about the SSB here. ( read original story ...)