One of the five largest banks in Singapore has tested a blockchain-based payment service, with an eye to develop commercial products around the tech. OCBC Bank used the tech to send funds between its operations in Singapore and Malaysia, as well as ... ( read original story ...)
Iraq plans to export 3.163 million bpd of Basra crude in December
SINGAPORE Iraq plans to export 3.163 million barrels per day (bpd) of Basra crude from its southern ports in December, slightly lower than in this month, five sources with knowledge of the matter said on Monday. The allocated December volume will be the ... ( read original story ...)
Singapore and Indonesia to set up business council to boost networking
SEMARANG, Indonesia: An Indonesia-Singapore Business Council will be set up to allow businesses from both countries to network and understand opportunities on both sides, Prime Minister Lee Hsien Loong announced on Monday (Nov 14). Speaking at a joint ... ( read original story ...)
Singapore takes bold strides in fintech journey
The inaugural Singapore Fintech Festival this week is being pitched as a "festival of innovation", where financial institutions, start-ups and investors can explore collaboration. The event also underlines efforts by the Monetary Authority of Singapore ... ( read original story ...)
First Bank in SouthEast Asia To Use Blockchain Technology For Payment Services
In addition, OCBC Bank will extend the use of blockchain technology to other financial products and service applications. OCBC Bank’s latest fintech innovation initiative supports the Monetary Authority of Singapore’s (MAS) vision of a Smart Financial ... ( read original story ...)
Singapore, Indonesia sign MOUs to boost tourism, infrastructure cooperation
SEMARANG, Indonesia: Singapore and Indonesia will expand cooperation in various sectors such as tourism, hospitality and infrastructure after four memorandums of understanding (MOUs) were signed on Monday (Nov 14) on the sidelines of Prime Minister Lee ... ( read original story ...)
Singapore 'road master' kits test elderly reflexes
Singapore's traffic police are trying to cut the number of ... Commander Sam Tee tells Channel News Asia that police want to stop the upward trend before it gets any worse. "More elderly are being injured on the road, which is why we think it is important ... ( read original story ...)
Singapore Patners with Vietnam’s National Agency for Technology Entrepreneurship
Singapore’s Action Community of Entrepreneurship (ACE) signed a Memorandum of Understanding (MOU) with Vietnam’s National Agency for Technology Entrepreneurship and Commercialization Development (NATEC) earlier this morning. The MOU seeks to establish ... ( read original story ...)
Understanding the success of Singapore’s education system
An OECD survey conducted last year found that Singapore has the smartest students in the world. The country’s 15-year-olds competed with children from 76 countries in tests that measured their abilities in maths and science. The local students proved ... ( read original story ...)
OCBC debuts use of blockchain technology for faster, more secure and cheaper inter-bank fund transfers
Singapore - OCBC Bank said Monday )Nov 14) it became the first bank in Southeast Asia to use blockchain technology to make local and cross-border inter-bank fund transfers. A successful pilot payment transaction between the bank and its subsidiaries ... ( read original story ...)
Yasir Hanapi gives Singapore win vs. Cambodia, ends goalless streak
Singapore had failed to score in their three previous international matches. Yasir Hanapi came off the bench to save Singapore from going a seventh game without victory as his second-half goal handed his side a 1-0 win over Cambodia in Saturday's ... ( read original story ...)
Singapore-US defence ties should continue to strengthen: Ng Eng Hen
SINGAPORE: Defence Minister Ng Eng Hen said Singapore should be able to continue strengthening defence ties with the US - including the incoming Donald Trump administration - based on past experiences and traditionally strong institutional links with both ... ( read original story ...)
In Singapore, many Americans just want to move on
Residents of Woodgrove, a landed estate near Singapore American School, are not in the mood to talk. Housewife Laura Zubrod, 45, says the community is just relieved that the election is over. "Actually, it hasn't come up in any conversations. I think we ... ( read original story ...)
Investment banking activity in Singapore in downward spiral
Singapore’s investment bankers are going through a difficult time. A slowdown in economic activity in the region has resulted in a contraction in the number of deals. The problem is compounded by the rise of Chinese investment banks which are becoming ... ( read original story ...)
Singapore’s done it! The first robo-advisory trade in Southeast Asia
But the first trade on a robo-advisor platform in Southeast Asia was only executed just this month in Singapore. The purchase of a position in the diversified risk All Weather Portfolio was the first on WeInvest, a robo-advisor platform in Singapore. ( read original story ...)
New Zealand overtakes Singapore as easiest place to do business
After a decade of being on the top of the World Bank’s ranking as the best country on the globe to conduct business, Singapore concedes to New Zealand and takes the second spot in its 2016 report. The report by the World Bank, Doing Business, made a ... ( read original story ...)