A French prosecutor has called for British banking giant HSBC to stand trial for enabling French clients to hide more than 180 billion euros from the taxman, a source close to the probe said Thursday. The recommendation also names the former chief ... ( read original story ...)
Thrust or parry? Singapore kendo's inner duel between mainstream appeal and traditional steel
Kendo, which literally translates to “way of the sword”, first found its way to Singapore during the Japanese Occupation. News reports from then mention that the martial art was being taught as a subject at local Japanese schools then. In 1972 ... ( read original story ...)
Singapore supermarket apologises for beef ad during Diwali
Singapore: Singapore's oldest supermarket chain Cold Storage, which used a price promotion on beef at one of its outlets during Diwali, on Wednesday apologised for the advertisement which was "insensitive" to Hindus. A photo of the promotion, which ... ( read original story ...)
Essential Tips For Business Travelers Visiting Singapore
I’ve probably travelled to Singapore about 20 times in the past 3 years. I visit frequently to work with clients of Xpat Media. A couple of weeks ago I visited to speak at ITB Asia with several bloggers from the Professional Travel Bloggers Association. ( read original story ...)
Singapore PMI at 50 in October; electronics expands to 50.8
SINGAPORE'S manufacturing sector stayed in expansionary territory in October, albeit just barely. The latest reading of the Purchasing Managers' Index (PMI) stood at 50, marking the second month of expansion. However, this was a marginal dip of 0.1 point ... ( read original story ...)
Private banks lacking scale exit Singapore
As Asia is tipped to be the richest region in the near future, private banks in the region need to adapt their business models to meet the growing demand. Bahren Shaari, Bank of Singapore's chief executive, said: "For instance, with the rising cost of ... ( read original story ...)
Singapore teaching of maths IS better: Pupils taught using the technique shot ahead of their peers
Children make more progress in maths when teachers use Singapore-style methods, according to an Oxford study. Researchers found pupils shot ahead of their peers when taught the traditional Asian way, which focuses on mastering core principles as 'building ... ( read original story ...)
Singapore to match Malaysia's road charge for foreign vehicles
(Photo: Ng Lian Cheong/Channel 8 News) Malaysia's Transport Ministry made it clear last week that the road charge is different from the Vehicle Entry Permit (VEP). Singapore's MOT had responded in a statement to say it has "noted" Malaysia's plans ... ( read original story ...)
HSBC launches new R&D lab for fintech in Hong Kong
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 ...)