SINGAPORE - Siam Commercial Bank Plc (SCB) has begun to formally seek bids for its life insurance business in a sale that could raise about 106 billion baht ($3 billion) for the country's third-biggest lender, said people with knowledge of the process. ( read original story ...)
Singapore has strict criteria for sand imports, says Government, as controversy over Cambodian imports brews
SINGAPORE — The Republic stopped importing sand from Cambodia after a ban took effect in Nov last year, said the Ministry of National Development (MND) as the issue of sand imports once again takes the spotlight. Responding to media queries, the MND ... ( read original story ...)
Singapore State Court impose fine $1.4m on non-duty paid import
SINGAPORE: A company director was sentenced by the State Courts to a fine of $1,400,000 or in default 18 months’ imprisonment for importing duty-unpaid soju. According to details, a Singaporean David So pleaded guilty to four charges of importing duty ... ( read original story ...)
Citi moves goalposts on retail banking monthly fees
CITIBANK Singapore has tripled the amount of money that its mass retail clients have to tie to their accounts to avoid incurring a monthly fee, sharpening its focus on the "emerging affluent" market. The US bank told customers that it has standardised its ... ( read original story ...)
Strict rules in place for import of sand: Government
In fact, Singapore has ceased importing sand from its neighbour since last November, in compliance with a ban on all sand exports by the Cambodian government, he added. This superseded a May 2009 partial ban on certain types of sand. The MND statement ... ( read original story ...)
Win Streak May Continue For Singapore Stocks
The Singapore stock market has moved higher in back-to-back sessions, gathering more than 10 points or 0.3 percent along the way. The Straits Times Index now rests just above the 3,010-point plateau, and the market may extend its gains on Monday. ( read original story ...)
Singapore Airlines expects ‘healthy rise’ in leisure, biz travel in local destinations
FOREIGN carrier Singapore Airlines anticipates a “healthy increase” in leisure and business travel in the Philippines, riding on the country’s forecasted economic expansion pegged at 6 percent annually through 2018. Singapore Airlines Regional Vice ... ( read original story ...)
Goodbye old phone, Singapore is killing its 2G mobile network in April
When Singapore pulls the plug on its 2G mobile phone network this year, thousands of people could be stuck without a signal – digital have-nots left behind by the relentless march of technology. From technophobic pensioners to cash-strapped migrant ... ( read original story ...)
Singapore Airlines looks to expand outside Manila
A lot of people come to Manila on business, so you don’t want them to travel a very long distance,” he said. While Singapore Airlines would want to expand operations in Manila by adding a fifth daily flight, the carrier is constrained, given congestion ... ( read original story ...)
Boustead, SWF to co-invest S$250m in new industrial facilities here
which is designed to host research facilities and business park space. The two latest investments, agreed this month, include a 39,487 sq m mixed-use development at Mediapolis, also in Singapore's One North precinct, and Continental Building Phase 3 ... ( read original story ...)
How a S$50m investment spells hope
The firm, which calls Singapore its global headquarters, had invested more than S$50 million in the two new facilities. One is a new building to consolidate two major business segments together. Another is an innovation centre, the company's first outside ... ( read original story ...)
Sadiq Khan in Davos: 'Hard Brexit' will make London firms move to Hong Kong, Singapore, or New York — not the EU
"But the point I'm making to our European friends, business and political leaders is if businesses decide to leave London, they're not going to move to Paris, Madrid or Frankfurt, they'll be going to Hong Kong, Singapore, or New York. So 'hard Brexit' is a ... ( read original story ...)
'Singapore most favoured destination to invest for Indian cos'
Indian firms pumped in USD 2.06 billion in Singapore in December ... USD 1.19 billion were through issuance of guarantee by Indian companies in their overseas business holdings. While USD 481.76 million came in the form of loan, USD 812.91 million of ... ( read original story ...)
Bumper business
Rental company Avis, which does about five times more business during this period, said all its 300 short-term rental vehicles have been booked for the festive season. Those still planning to rent a car to ferry their families around during the festive ... ( read original story ...)
At some Singapore suburban malls, retailers confront the sound of silence
while consolidating loss-making and unprofitable outlets within Singapore. This thus reinforces the appeal of malls with a central marketing team.” An owner at one of the newly-launched strata-titled malls said she ended up running a food business ... ( read original story ...)
Vacant jobs in Singapore down 7%
"We're hearing from candidates and employers on the ground that Singapore is becoming a less attractive place to do business because of the quota system", said Holliday. Meanwhile, the new quota system is not the only challenge Singapore's employment ... ( read original story ...)