PHILADELPHIA, March 21, 2017 /PRNewswire/ – Aberdeen Singapore Fund, Inc. (the “Fund”) (NYSE: SGF), a closed-end equity fund, announced today its performance data and portfolio composition as of February 28, 2017. The Fund’s total returns for ... ( read original story ...)
Ex-DBS Vickers trader jailed 16 weeks in Singapore’s first spoofing case
SINGAPORE — A former trader at DBS Group Holdings’ brokerage unit was sentenced to 16 weeks in jail after being convicted in Singapore’s first criminal spoofing case. Dennis Tey Thean Yang, 33, was given the sentence on Wednesday (March 22). ( read original story ...)
Ex-DBS Trader Jailed 16 Weeks in Singapore's First Spoofing Case
A former trader at DBS Group Holdings Ltd.’s brokerage unit was sentenced to 16 weeks in jail after being convicted in Singapore’s first criminal spoofing case. Dennis Tey Thean Yang, 33, was given the sentence on Wednesday. The former DBS Vickers ... ( read original story ...)
Whether based in UK or HK, HSBC’s new chairman is one tough customer
Hong Kong, according to the latest analysis from the Economist Intelligence Unit, is the second most expensive city in the world to live in, beaten only by Singapore ... has been chosen as the next chairman of HSBC, Britain and Europe’s biggest bank ... ( read original story ...)
Technology Hardware Stocks form a Firm Foundation for Industry 4.0
Singapore Manufacturing Sector represents 20% of Singapore’s 2016 GDP. The Government is focusing on key growth areas such as advanced manufacturing and Industrial IoT. SGX’s Technology Hardware companies form a firm foundation for the paradigm shift ... ( read original story ...)
Singapore dividend plays still a draw
Singapore-listed dividend yield plays are still attractive after the United States Federal Reserve hiked interest rates last week, and even though rates are broadly expected to rise further, market watchers said. Aside from real estate investment trusts ... ( read original story ...)
Singapore’s looming debt wall fuels concern as Ezra stumbles
SINGAPORE: Default fears are resurfacing in Singapore ahead of a wall of maturing corporate debt, as a US bankruptcy filing of a firm from the city flags lingering pain despite economic recovery. Pressure to pay down obligations has been unrelenting ... ( read original story ...)
Singapore's NODX predicted to expand 2% in 2017
Thanks to burgeoning demand from China. Singapore’s NODX swelled 21.5% year-on-year (yoy) in February, picking up from an 8.6% rise the month before, according to an RHB report. The strong performance was partially inflated by a low base effect and ... ( read original story ...)
Weekend guide (24 – 26 March): Sundown Marathon, World Gourmet Summit in Singapore
Here’s what’s happening in Singapore this weekend, from Friday (24 March) to Sunday (26 March). Sphaeras, NOTHING TO DECLARE and We Are Imaginary As part of Esplanade’s Rock The Region activities, 3 bands from Singapore, Japan, and the Philippines ... ( read original story ...)
Buying property in Singapore: How to ensure you can afford the home you want
Property prices in Singapore have been on the decline in the last three years, but many forgot that before the decline, private home prices have surged some 60 percent since the 2008 – 2009 global financial crisis. The inflation has no doubt caused the ... ( read original story ...)
Fitch Assigns Final 'AAA' Rating to OCBC's Inaugural Covered Bonds; Outlook Stable
At 31 January 2017, the cover pool consisted of 8,319 prime Singapore private residential mortgages equivalent to SGD5.7bn. The OCBC-calculated WA indexed loan-to-value ratio is 57.9%, and the portfolio is 59.5 months seasoned. By current balance ... ( read original story ...)
Vodafone Connects Mobike's Bike-Sharing Scheme in Singapore
SINGAPORE, March 21, 2017 /PRNewswire/ -- Vodafone is providing all the managed Internet of Things (IoT) connectivity for the world's most popular bike sharing company Mobike's operations in Singapore, Mobike's first outside of China. The Vodafone ... ( read original story ...)
Singapore’s stock market rally slammed by oil and gas woes
The S&P 500 index slid for a third day, dragged by financial (-0.9%) and utility (-0.68%) sectors. Market sentiment has been weighed by news that the FBI is probing possible ties between Russia and Donald Trump’s presidential campaign, according to FBI ... ( read original story ...)
Singapore Bank Stocks: More Oil Pain to Come?
DBS is Maybank Kim Eng’s preferred pick within its Singapore banks coverage despite having the largest exposure to Ezra Holding, the Singaporean oil & gas services company which has filed for U.S. bankruptcy. Maybank Kim Eng has a hold rating DBS with a ... ( read original story ...)
Singapore banks’ exposures Ezra ‘lower than expected’
SINGAPORE (March 20): UOB KayHian says it is keeping to its conservative 2017 earnings forecast for Singapore’s banking sector, which is 6% below consensus estimates for DBS and 7% below consensus estimate for OCBC. This comes after factoring the banks ... ( read original story ...)
Singapore Bans Ex-Bankers Linked to 1MDB From Working in Financial Sector
SINGAPORE—Singapore’s central bank said it has banned a former director of Goldman Sachs Group Inc.’s local branch from operating in the financial sector and plans to ban three more people from other banks, following investigations linking them to ... ( read original story ...)