Singapore July bank lending falls 0.5 pct m/m

SINGAPORE, Aug 31 (Reuters) - Singapore's total bank lending in July fell 0.5 percent from June, due to a decline in loans to businesses, central bank data showed on Thursday. Loans and advances by domestic banking units in the city-state amounted to S$632 ... ( read original story ...)

Housing market rebound fuelled by local demand

Singaporeans account for close to 80 percent of private home buyers here. Local buyers have been driving Singapore’s resurging residential property market, accounting for 77.6 percent of private home buyers during the first seven months of 2017 ... ( read original story ...)

Credit Suisse Sued by Billionaire in Singapore and New Zealand

Claims bank is blocking access to evidence in separate case Georgian billionaire Bidzina Ivanishvili sued Credit Suisse Group AG in Singapore, New Zealand and Bermuda, alleging the bank must have known about the actions of a former employee who forged ... ( read original story ...)

Which Singapore-Listed Bank Is Cheaper Than the Market Now?

The three listed banks in Singapore are DBS Group Holdings Ltd (SGX: D05), Oversea-Chinese Banking Corporation Limited (SGX: O39) and United Overseas Bank Ltd (SGX: U11). The banks make up close to 37% of the Straits Times Index (SGX: ^STI) and are loved ... ( read original story ...)

India’s foreign reserves at record high: DBS

SINGAPORE: India's foreign reserves continue to march to record highs, touching USD 393 billion early this month backed by strong foreign portfolio and investment flows, according to Development Bank of Singapore (DBS). "Strong year-to-date foreign ... ( read original story ...)

Singapore Property Awaits Its Sail Moment

Almost exactly 13 years ago, Kwek Leng Beng, the billionaire chairman of City Developments Ltd., then Singapore's biggest builder by market value, did something outlandish. Together with partner AIG Global Real Estate, he launched Sail@MarinaBay, an ... ( read original story ...)

Five luxury property markets set to rise in 2017

This is according to international property consultant Knight Frank, which has listed Shanghai, Sydney, Singapore, Monaco and Dubai as the top destinations for luxury property investment for the super-rich. Knight Frank’s Prime International Residential ... ( read original story ...)

Singapore to host global housing forum

Singapore is set to host the International Housing Forum (IHF 2017), where about 400 professionals and policy makers from around the world will meet together to share ideas and good practices on planning and providing homes. To be held at HDB Hub on 7-8 ... ( read original story ...)

Private banks EFG, VP Bank to raise headcount in Singapore

SINGAPORE: Lichtenstein-based VP Bank and Zurich-based EFG are planning to hire more staff in Singapore. Private bank VP Bank, which has been in Singapore since 2008, currently employs about 40 staff here and told Channel NewsAsia that it aims to double ... ( read original story ...)

KKH launches Singapore’s first human milk bank

SINGAPORE — Premature and very sick babies here whose mothers cannot produce enough milk will be able to safely draw from Singapore’s first human milk bank, which was launched on Thursday (Aug 17). The three-year pilot programme will first benefit ... ( read original story ...)

Singapore surpasses Hong Kong in liveability ranking

For the first time, Singapore has surpassed Hong Kong in the annual global liveability ranking by the Economist Intelligence Unit (EIU), as it snagged its highest-ever ranking at 35th place, reported Channel News Asia. The survey attributed Singapore’s ... ( read original story ...)

Singapore launches first human milk bank

SINGAPORE — Mothers who do not have enough breast milk to feed their premature or sick infants will now be able to draw on Singapore’s first human milk bank – launched on Thursday (Aug 17) as part of a new three-year pilot between KK Women’s and ... ( read original story ...)

Singapore bank stocks battered by more O&M bad news

SINGAPORE: Singapore banks’ exposure to the oil and gas sector is back in the spotlight after the surprise suspension of Ezion Holdings and heavy quarterly losses – totalling almost S$1 billion – suffered by Nam Cheong and Marco Polo Marine. ( read original story ...)