SINGAPORE, Feb 27 (Reuters) - Singapore's Oversea-Chinese Banking Corp (OCBC) said Tuesday it has appointed Elaine Heng to lead a new division called group strategy, innovation and sustainability.
Hong Kong ‘losing out’ to jurisdictions such as Singapore, should exempt private credit assets from tax: industry body
Hong Kong's funds industry is calling for a profit tax exemption for private credit assets, as the city is failing to attract a booming business and is losing out to Singapore because of its existing ...
Shein’s IPO backup plans can unravel
SINGAPORE, Feb 27 (Reuters Breakingviews) - Shein's IPO alternatives look drab. The fast-fashion retailer is eyeing London, Singapore, Hong Kong and other venues as its U.S. listing hits a snag, ...
Shein Mulls London IPO As US Listing Faces Hurdles: Report
Shein, the Chinese fast-fashion giant, is reportedly contemplating a shift of its initial public offering (IPO) from the U.S. to London due to regulatory obstacles. The company is also considering ...
Household debt and mortgages in Singapore grew by 1% in last quarter of 2023
SINGAPORE: Figures released by the Department of Statistics (SingStat) on Monday (Feb 26) show that household debt and mortgages grew by one per cent compared to the same period in 2022. This growth ... ( read original story ...)
Phl’s state social insurer expands mobile app to pensioners in S’pore and US
Nearly eight in 10 GSIS pensioners are based in Singapore and the US. The Philippines’ Government Service Insurance System (GSIS) has extended the use of its mobile app, GSIS Touch, to pensioners ...
Citibank Singapore Opens Two New Wealth Centres
Citibank Singapore announced today the completion of both its satellite wealth advisory centres here, reaffirming the global bank's fresh commitment to the country as a key strategic location for its ...
“$6 left in my bank account” after losing it all in stock market & crypto; bank debts over S$60K
SINGAPORE: A man took to social media to share that he had lost most of his money in the stock market and cryptocurrency last year and ended up owing the banks over S$60,000 on credit cards and ...
2024 HSBC Women’s World Championship: Prize money payout for each golfer from $1,800,000 purse explored
The 2024 HSBC Women's World Championship is the next stop on the LPGA Tour. The tournament will be played at the Tanjong Course at Sentosa Golf Club in Singapore and will have a purse of $1,800,000.
Coldplay, then Taylor Swift: Concert economics are driving a tourism boom in Singapore
Coldplay, Ed Sheeran, and now Taylor Swift. Singapore is eyeing "concert economics" as its new growth driver, which is set to add hundreds of millions of dollars in tourism receipts. The Lion City has ...
PepsiCo, IBM sell bonds through Singapore to reap tax benefit
A POTENTIAL tax benefit is spurring United States companies including PepsiCo and International Business Machines (IBM) to sell bonds through their Singapore subsidiaries, fuelling a record surge of ...
Singapore Budget 2024 debate: MPs ask to relook CPF interest rates, housing affordability to help Singaporeans reach retirement adequacy
SINGAPORE, Feb 27 — The recent announcement to close the Central Provident Fund (CPF) Special Account of those aged 55 has put the spotlight again on retirement adequacy, with Members of Parliament ...
Hong Kong prepares sweeping rules to foil stealthy crypto purchases
Officials estimate 450 shops, ATMs and websites in Hong Kong offer crypto trades. Read more at straitstimes.com.
Pepsi, IBM Sell Bonds Through Singapore to Reap Tax Benefit
A potential tax benefit is spurring US companies including PepsiCo Inc. and International Business Machines Corp. to sell bonds through their Singapore subsidiaries, fueling a record surge of sales ...
After decades touting openness, Singapore sees foreign meddling threat
For decades, Singapore marketed itself as one of the world’s most open and globalised economies to compensate for its diminutive territory and lack of natural resources. Now the Southeast Asian ...
Shein considering London IPO amid US resistance to listing
Shein, which was founded in China but is now headquartered in Singapore, is in the early stages of exploring the London option as it has judged it unlikely that the US Securities and Exchange ...