Category: FINANCE

The final price is based on 1.75 percent of the $13 billion of Barclays assets transferred to Bank of Singapore, OCBC’s private-banking arm, the Singaporean lender said Monday in an exchange filing. OCBC had given an indicative price of $320 million in ... ( read original story ...)

OCBC Bank: Bank of Singapore (BOS), the private banking unit of OCBC Bank, has completed the acquisition of the wealth and investment management (WIM) businesses of Barclays plc in Singapore and Hong Kong for a lower price than stated earlier. BOS ... ( read original story ...)

It acquired the business for a lower price. OCBC's private banking unit Bank of Singapore has recently completed the acquisition of the wealth and investment management (WIM) businesses of Barclays in Singapore and Hong Kong for a lower price than what was ... ( read original story ...)

MAS shares its initiatives on enabling innovation such as publishing APIs and testing the feasibility of using blockchain for inter-bank payments. The Monetary Authority of Singapore (MAS) recently announced that it will facilitating the infrastructure ... ( read original story ...)

They can now borrow for up to $5m. The Ministry of Trade and Industry announced the enhancement to IE Singapore’s Internationalisation Finance Scheme (IFS) and the reintroduction of SPRING’s Bridging Loan (BL) for companies in the Marine and Offshore ... ( read original story ...)

Black Friday, the biggest bargain hunting festival returns to Singapore on 25 November as traders bring in ... and Warehouse, while DBD/POSB cardholders enjoy 30% off for both regular priced and sale items at these brand outlets on all online purchases. ( read original story ...)

co-hosted the event with the Association of Banks in Singapore (ABS). It featured sponsors such as Citibank, UOB, MasterCard and Deloitte. The key programmes of the event included the Innovation Lab Crawl, RegTech Forum, FinTech Hackcelerator ... ( read original story ...)

SINGAPORE - International Enterprise (IE) Singapore and United Overseas Bank (UOB) signed a Memorandum of Understanding (MOU) on Thursday to combine forces to help more Singapore companies in cross-border trade and internationalisation. The aim will be to ... ( read original story ...)

DEFINITIONS 1.1 In these terms and conditions, unless the context otherwise requires: "bank" means Citibank Singapore Limited; "card" means a Singapore dollar Citibank credit card (including a Citibank Business Gold Visa credit card) issued by the bank but ... ( read original story ...)

Hitting a 137,597-unit peak level seen a decade ago now unlikely. Total vehicle sales in Singapore will begin a period of decline from 2017 to 2020 on the cyclical nature of the market, which is driven by age limits on vehicles and the Certificate of ... ( read original story ...)

SINGAPORE - SMRT has refuted claims that it did not give ample notice to organisers of the Standard Chartered Marathon Singapore (SCMS) that it would not be providing early train services for this year's race on Dec 4. Explaining the late announcement to ... ( read original story ...)

The International Enterprise (IE) Singapore and the United Overseas Bank (UOB) signed a Memorandum of Understanding to help more Singapore companies in cross-border trade and internationalization. This collaboration taps the rising potential of ASEAN ... ( read original story ...)

The company said more than 40,000 tickets were sold in three phases, with two pre-sales last week for Citibank customers and Live Nation mailing list subscribers, then a general sale for the public on Nov. 21 through the Singapore Sports Hub ticket outlet. ( read original story ...)

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 ...)