Singapore-based fund managed Akash Prakash has a similar success story to tell. Interestingly, he made money on familiar names in the domestic stock market. Ranked among the top 20 fund managers in Asia by Asia Money in 1999, Akash Prakash's fund ... ( read original story ...)
Safra Sarasin Singapore Head Exits
The Brazilian-Swiss firm has lost the head of its Singapore office after less than two years. The departure is a setback for the private bank's expansion efforts in Asia. But Maissen's experience and expertise is in Asia: he spent several years in ... ( read original story ...)
State Bank of Mauritius gets banking license in India; Woori, PPF in queue
The bank, along with DBS of Singapore, had received preliminary approval several months ago. It has now received the final banking license on Dec 6, banking sources confirmed. Mauritius, despite being a tiny Island nation in the Indian ocean, has extensive ... ( read original story ...)
Singapore payment app SpherePay introduces advanced credit option for shoppers
SpherePay is the only mobile payment app in Singapore that offers this Advanced Credit function that uses QR Code to enable payment at merchant. Any users 18 years old and above are eligible to sign up and apply for this. In addition, users can use this ... ( read original story ...)
Singapore dollar trades below RM3 for the first time in 14 months
The ringgit appreciated against the Singapore dollar to 2.9976 on Monday, touching the highest level since October 2016. Last week, the Ministry of International Trade and Industry announced that Malaysia’s exports increased by 14.4 per cent to RM83.5 ... ( read original story ...)
Singapore uncovers large oil heist at Shell’s biggest refinery
police said in a news release. After "extensive investigations and probes," the Criminal Investigation Department, Police Intelligence Department and Police Coast Guard launched a series of simultaneous raids across Singapore, which led to the arrests. ( read original story ...)
Singapore arrests 17, seizes millions in Shell oil ‘heist’
The arrests, made during raids on Sunday, come after Royal Dutch Shell Plc reported the theft to Singapore authorities at its Pulau Bukom industrial site in August last year. The company said in a news release that the arrests included "a limited number of ... ( read original story ...)
Credit Suisse boosts Asia investment team with two Singapore-based strategists
SINGAPORE - Credit Suisse has hired Eddy Loh as senior investment strategist and Julian Wee as investment strategist to beef up its Asia team. A former executive director with the Bank of Singapore, Mr Loh joined Credit Suisse last month and will be ... ( read original story ...)
Here’s why Deutsche Bank favours Singapore banks over Hong Kong’s
SINGAPORE (Jan 9): Deutsche Bank Markets Research says the increasing strength from Singapore banks’ private and consumer banking businesses is giving them the edge over other US dollar-leveraged markets such as Hong Kong. “Between Hong Kong and ... ( read original story ...)
Ringgit touches 2.9962 mark vs Singapore dollar
Prior to that, the local note opened at 2.9823/9837 against the Singapore dollar on Oct 26, 2016 and closed at 2.9936/9983 on the same day. Oanda Corp Head of Trading for Asia Pacific, Stephen Innes, told Bernama Malaysia's strong export performance ... ( read original story ...)
Singapore arrests 17 suspected in Shell oil heist
Singapore police have arrested 17 men suspected of involvement in stealing oil from Shell's largest refinery in the world. Police said Tuesday that they also seized $2.3 million and an oil tanker in connection with the case. Singapore media reported that ... ( read original story ...)
Singapore charges 11 men over Shell oil heist
SINGAPORE (Reuters) - Eleven men were charged in a Singapore ... Royal Dutch Shell Plc, which first reported the theft to authorities in August, said in a news release that the arrests included "a limited number of Shell employees" and that it anticipated ... ( read original story ...)
Total funds raised via IPO skyrocketed to a four-year high
Amount doubled to $4.7b versus 2016's $2.3m. The year 2017 ended with a good showing for the Singapore Exchange (SGX), with total funds raised through Initial Public Offerings (IPOs) being the highest in the past four years. PwC’s Equity Capital Markets ... ( read original story ...)
Singapore Airlines’ SilkAir adds extra weekly flights from Singapore to Darwin
THE Top End’s tourism industry has been given a much-needed boost with Singapore Airlines’ regional wing SilkAir ... addition to Darwin International Airport following recent news Air Asia, Malaysia Airlines and Philippine Airlines planned to withdraw ... ( read original story ...)
Singapore import rebar prices rise on higher bids
SINGAPORE: Import prices for rebar in Singapore have increased following end-users’ return to the spot market after the year-end holiday season. Metal Bulletin’s price assessment for Southeast Asian rebar imports which mainly looks at cargoes sold into ... ( read original story ...)
Singapore dollar soars to levels last seen 3 years ago
SINGAPORE: THE Singapore dollar (SGD) continues to fly and is at levels last seen three years ago as global investors snap up local assets. The SGD was quoted at 1.3256 on Monday morning, unchanged from last Friday, levels last seen in May 2015, according ... ( read original story ...)