On August 1, Singapore's financial regulatory body and central bank, the Monetary Authority of Singapore (MAS), said in a missive that ICOs are "vulnerable to money laundering and terrorist financing risks due to the anonymous nature of the transactions ... ( read original story ...)
Singapore Coffee Festival draws praise for location and offerings
SINGAPORE - The Singapore Coffee Festival 2017 opened to the ... The event, now in its second year, is organised by The Straits Times and presented by DBS Bank. It features more than 90 exhibitors, including coffee purveyors, equipment distributors and ... ( read original story ...)
Carney blames Brexit for everything, says economist as gloomy governor gives ‘just four positives in an hour’
Mr Carney dismissed the idea that London could become a financial centre with only light-touch regulation – a kind of Singapore-on-Thames – in order ... He announced that the Bank will be holding rates and cutting growth predictions for both 2017 ... ( read original story ...)
Malaysia central bank urged to reopen probe on indebted fund
... Justice Department's court filing shows much of the wealth in question was moved through offshore dealings and bank accounts in Singapore, Switzerland, Luxembourg and the U.S. The evidence cited includes details of wire transfers of hundreds of ... ( read original story ...)
Asia Falls after Dow Hits Milestone
The bank's stock fell 7.6% by late afternoon local time ... Shares of Toshiba closed down 0.8% On the earnings front, Singapore's CapitaLand reported total profit after tax and minority interests for the second-quarter was S$579.3 million ($425.7 million ... ( read original story ...)
Five iconic cities trip from Nations Trust Bank American Express
and London and the winning Blue Cardmember and the companion will get a fully paid vacation to Singapore and Dubai. Speaking about the promotion Niluka Gunatilake, Head of Cards at Nations Trust Bank said,"This is probably one of the grandest promotions ... ( read original story ...)
Malaysia central bank urged to reopen probe
... Justice Department's court filing shows much of the wealth in question was moved through offshore dealings and bank accounts in Singapore, Switzerland, Luxembourg and the US. The evidence cited includes details of wire transfers of hundreds of millions ... ( read original story ...)
The range bound ringgit
After having started his trading career with NatWest Bank, he is currently based in Singapore as a Senior Currency Trader and Analyst with OANDA, focusing on the movement of the Aussie Dollar and ASEAN Currencies. Stephen has an extensive trading ... ( read original story ...)
Standard Chartered eyes New York energy trading, bucks Wall St trend -sources
NEW YORK/SINGAPORE, Aug 2 (Reuters) - Standard Chartered is planning to launch an energy trading business in New York, two sources familiar with the matter said, in what appears to be the first major bank move into the sector in the United States after ... ( read original story ...)
Singapore Property Market Is ‘Bottoming Out,’ Says Biggest Developer’s CEO
Singapore’s biggest developer, CapitaLand Ltd., detects signs that the city’s residential property market is “bottoming out” after a run of price declines, Chief Executive Officer Lim Ming Yan said. Many investors are seeing Singapore as relatively ... ( read original story ...)
Singapore property bottoming out, says CapitaLand’s Lim
SINGAPORE -- Singapore’s biggest developer, CapitaLand Ltd, detects signs that the city’s residential property market is “bottoming out” after a run of price declines, Chief Executive Officer Lim Ming Yan said. Many investors are seeing Singapore ... ( read original story ...)
CapitaLand Q2 profit soars 97% amid revaluation gains, divestments
Revenue fell 12.3 percent to S$992.4 million from the previous year, primarily due to lower contribution from Singapore development projects, but partially mitigated by higher contribution from China development projects and higher rental income from newly ... ( read original story ...)
Sunway group names new CMO for property arm
Sunway has confirmed the move to A+M. Kho who starts the new role in August, will report to Sarena Cheah, managing director of property division for Malaysia and Singapore at Sunway Berhad. A+M understands this is a newly created role. Kho will be heading ... ( read original story ...)
Building a S$16 mil gem on Singapore’s Emerald Hill
Toh had been investing in property for more than 20 years ... The travertine had been shipped from Italy to the factory in Singapore, where it was cut again, and then transported to the house. The travertine cost about S$250,000, and Toh estimates that ... ( read original story ...)
Singapore central bank says property market curbs to remain
Singapore’s central bank said on Thursday that curbs on the property market remain necessary despite a 12 per cent decline in home prices over the past 14 quarters. Ravi Menon, managing director of the Monetary Authority of Singapore, said it was “not ... ( read original story ...)
Illegal short-term rentals on the rise, neighbours encouraged to report suspicious activity
View of high-end private apartments in the Orchard Road area. More private property owners in Singapore are renting out their units for illegal short-term stays via apps such as Airbnb. According to the Ministry of National Development (MND), the number of ... ( read original story ...)