HSBC and the Hong Kong Applied Science and Technology Research ... Hong Kong currently ranks only fifth as a global hub for fintech, behind London, Singapore, New York and Silicon Valley. Deloitte attributed Singapore’s recent rise to second place ... ( read original story ...)
Standard Chartered’s ‘tough years’ in India are behind it
Hong Kong/ Singapore: Standard Chartered Plc is over the worst of its challenges in India that led to loan writedowns and dragged on profit, according to the lender’s South Asia head. The London-based bank is now focusing on expanding its consumer and ... ( read original story ...)
Fitch: DBS, UOB, OCBC Credit Health Intact Despite Weaker Assets
The Singapore dollar loan-deposit ratios improved to 86.0% at ... aided by discounted scrip dividend schemes for DBS and UOB, slower risk-weighted asset growth and healthy internal capital generation. Fully-loaded CET1 ratios range from 12.4% to 13.5% ... ( read original story ...)
OCBC Cites Compliance Burden as Reason to Expand Private Bank
The Monetary Authority of Singapore, meanwhile, has stepped up its supervision of local institutions following anti-money laundering lapses at banks in the city linked to the troubled state investment fund 1Malaysia Development Bhd. OCBC hasn’t been ... ( read original story ...)
Singapore launches Manchester to Houston service
Singapore initially operated to Manchester via Munich using their Boeing B777-300ER aircraft. This time, the airline will use the same aircraft but will utilize Manchester as a connection point for passengers to preclear U.S. customs. The route will be ... ( read original story ...)
4 Secret Spots In Singapore Your Kids Will Love
This article was originally on GET.com at: 4 Secret Spots In Singapore Your Kids Will Love Are you a parent who's running out of ideas where to take your kids on your family day out? For starters, nobody says you have to spend a bomb in order to let them ... ( read original story ...
Standard Chartered & Liverpool FC bring Anfield to Singapore
Football giants Liverpool Football Club and major sponsor Standard Chartered are launching a new interactive tour that will take fans right into the club’s inner sanctum – and Singapore is the first stop. Titled LFC World, it is a totally immersive ... ( read original story ...)
CEO to Step Down From Standard Chartered-Controlled Firm in Indonesia
Mr. Karpinski, who left Standard Chartered’s Singapore private-equity unit to become Maxpower’s CEO last year, will be replaced by Syamsurizal Munaf, a longtime executive in Indonesia’s oil-and-gas industry, a person familiar with the matter said. ( read original story ...)
Flailing export dampens GDP growth outlook
"While the risk of a major global downturn has subsided somewhat, external demand will continue to be uneven across a number of Singapore’s key export markets. In addition, growth in some trading partners, including the US, will be largely supported by ... ( read original story ...)
S’pore exports back in negative territory
SINGAPORE — Exports of locally made goods plunged back into negative territory in September after coming in flat in August, reflecting the global pressures that Singapore’s trade-dependent economy faces. On a year-on-year basis, non-oil domestic ... ( read original story ...)
Singapore’s non-oil exports fall by 4.8%
SINGAPORE: Exports declined less than expected last month but the outlook for Singapore’s small, trade-dependent economy remains gloomy. Non-oil domestic exports (Nodx) fell 4.8 per cent in September compared with the same month a year earlier – a ... ( read original story ...)
Electronics firms to stay upbeat in the next six months
However, the computer peripherals and infocomms & consumer electronics segments expect business situation ... due to lower demand for construction related materials." More From Singapore Business Review Singapore private banks buck the declining trend ... ( read original story ...)
Success in south-east Asia: four business rules to observe
Dynamic and rich in opportunities, south-east Asia is a fantastic place to do business. However, before you step off your Singapore Airlines flight and kick off a round of meetings in the region, do your homework: if you want to succeed, it’s vital you ... ( read original story ...)
Singapore starts trial of ex-banker linked to 1MDB Fund
SINGAPORE - A private banker charged with money laundering and other offences in connection with the indebted Malaysian state fund 1MDB went on trial in Singapore on Monday. Yeo Jiawei, a former wealth planner at Swiss private bank BSI, is facing 11 ... ( read original story ...)
Singapore Airlines launches non-stop routes from Manchester
Singapore Airlines has launched its two new non-stop routes from Manchester with various celebrations at Manchester Airport along with a formal event attended by Aviation Minister, Lord Ahmad. The inaugural flight to Houston departed on Sunday October 30 ... ( read original story ...)
Why Singapore Wants Its Food Courts to Be Run by Machines, Not People
“Productivity is a vital component of growth especially for when labor contribution to growth is declining, especially in advanced economies such as Singapore,” said David Mann, chief economist for Asia at Standard Chartered Plc. “Singapore has been ... ( read original story ...)