Singapore consumers and corporates appreciate the stability of Singapore Overnight Rate Average (SORA)-based interest rates, according to a recent United Overseas Bank (UOB) survey. as over six in 10 ... ( read original story ...)
UOB appoints new chief sustainability officer
Singapore’s UOB has appointed Eric Lim as its chief sustainability officer, a newly created position to support the bank’s focus on ESG, which got a fresh impetus this week with the sale of the lender ... ( read original story ...)
UOB prices Singapore’s first sustainability bond
United Overseas Bank (UOB) on April 7 priced a dual-tranche offering totalling US$1.5 billion, representing the first sustainability bond offering from Singapore and the first dual-tranche senior and ... ( read original story ...)
With work flexibility, Singapore’s DBS Group to cut office space
Banks worldwide are rethinking their use of offices after the health crisis showed that they can still operate effectively with many employees at home. ( read original story ...)
China’s CNGR, Singapore-based firm to make nickel matte in Indonesia as battery demand grows
Chinese battery material maker CNGR Advanced Material and Singapore-based Rigqueza International have set up a joint venture in Indonesia to produce nickel matte, CNGR last month agreed to buy nickel ... ( read original story ...)
Keppel gets licence to start subsea cable business in Singapore
SINGAPORE (THE BUSINESS TIMES) - A wholly owned subsidiary of Keppel Telecommunications & Transportation (Keppel T&T) has been granted a facilities-based operator (FBO) licence by the Infocomm Media ... ( read original story ...)
Singapore Stock Market Set To Snap Losing Streak
The Singapore stock market has finished lower in three straight sessions, dropping almost 25 points or 0.8 percent along the way. The Straits Times Index now rests just above the 3,185-point plateau ... ( read original story ...)
Singapore’s Biggest Bank to Cut Office Space in Home Market
(Bloomberg) -- DBS Group Holdings Ltd. is poised to trim office space in Singapore, the latest bank to pare its footprint in the city-state during the coronavirus pandemic. Southeast Asia’s largest ... ( read original story ...)
Singapore deputy PM unexpectedly steps aside as future premier, in succession setback
an economist at CIMB Private Banking. "I always saw Heng as a bridge between the older and newer group of leaders." The Singapore dollar was steady following the announcement on Thursday ... ( read original story ...)
Singapore Finance Chief Bows Out as Prime Minister Successor
There has been a blow to Singapore's long-telegraphed power transition with the man expected to take over the reins from Prime Minister Lee Hsien Loong stepping aside. Juliette Saly reports on ... ( read original story ...)
Stamp Duty: A Summary For Property Buyers & Sellers In Singapore
Buying and selling residential property in Singapore (especially if we’re talking about owning multiple properties) means having to deal with paying tax — buyer’s stamp duty (BSD), seller’s stamp duty ... ( read original story ...)
Singapore’s designated future leader steps aside, citing age
SINGAPORE (AP) — Singapore’s designated future leader, Deputy Prime Minister Heng Swee Keat, has taken himself out of the running in a surprise decision, saying in a letter released Thursday that a ... ( read original story ...)
Singapore NGO aims to bring space technology to earth
SINGAPORE - The race to space started in the 1960s, led by the United States and the Soviet Union. Over the years, China, India and others have joined the field. Unbeknown to many Singaporeans, the ... ( read original story ...)
Mubadala Said to Plan GlobalFoundries IPO at $20 Billion Value
Abu Dhabi’s Mubadala Investment Co. has started preparations for a U.S. initial public offering of chipmaker GlobalFoundries, people with knowledge of the matter said.The sovereign wealth fund has ... ( read original story ...)
British multinational merges Currency Fair in strategic investment
Standard Chartered said the merger will increase employee numbers from 85 to 160 immediately with job numbers reaching 450 over the next four years. ( read original story ...)
Work on 4 MRT stations serving NTU, Jurong industrial area to start by June, contracts worth $526m awarded
went to a joint venture between local firm SCB Building Construction and China Civil Engineering Construction Corporation (Singapore Branch) (CCECC). LTA said SCB was previously involved in the ... ( read original story ...)