SINGAPORE, June 28 (Reuters) - Singapore’s central bank said on Friday it would offer up to five digital bank licences to suitable applicants, in a move that could deliver the biggest shake-up in two ... ( read original story ...)
UOB in JV to form Shanghai finance company
SINGAPORE (June 28): United Overseas Bank (UOB) has entered into a joint venture that would help deepen the bank’s presence in China. UOB and Shenergy (Group) Company will take a 19.9% and 80.1% ... ( read original story ...)
UPDATE 1-China bans imports of crude oil contaminated with organic chloride
SINGAPORE/BEIJING — China has banned imports of crude oil containing more than 10 parts per million (ppm) of organic chloride, a contaminant that can damage refining equipment, the country’s ... ( read original story ...)
Singapore to Focus on Regional Deals as Trade War Thwarts Growth
Singapore will focus on regional trade and digital economic agreements to counter the impact of the U.S.-China trade war that’s weighing on the nation’s growth prospects and prompting some economists ... ( read original story ...)
Singapore PM Confirms That Central Bank is “Seriously Studying” Virtual Banking License
Singapore has already expressed their interest issuing virtual banking licenses, which could potentially admit fintech firms without a traditional bank branch at its core. Now, Singapore’s Prime ... ( read original story ...)
Singapore’s Central Bank Wants More Information on Facebook’s Libra Crypto
Singapore’s central bank, the Monetary Authority of Singapore (MAS), is seeking more information from Facebook about its recently unveiled cryptocurrency project, Libra. As reported by Bloomberg ... ( read original story ...)
Supply chain shift points to new foreign investment in Singapore
“Dyson is a blockbuster,” says Lawrence Loh, professor of strategy and policy at the National University of Singapore business school, adding that the move was both a symbolic and economic victory. ... ( read original story ...)
Are Singapore’s Stocks Headed for a Crash?
Singapore’s stock market benchmark, the Straits Times Index (SGX: ^STI), hit a 52-week high of around 3,4000 points in late April this year, before falling to around 3,100 points in late May, and then ... ( read original story ...)
Singapore aims to be global node for 5G innovation
The government will spend S$40m to develop 5G technology use cases in key sectors such as maritime and manufacturing with an eye on exporting Singapore’s expertise to global markets Singapore has ... ( read original story ...)
Singapore Airlines, Malaysia Airlines to explore wide-ranging strategic partnership
(Reuters) - Singapore Airlines (SIAL.SI) and Malaysia Airlines have signed a preliminary agreement to explore a wide-ranging strategic partnership that could include more codeshares as well as cargo ... ( read original story ...)
Singapore to invest $30 million in 5G tests ahead of 2020 rollout
SINGAPORE (Reuters) - Singapore on Thursday launched a S$40 million ($29.5 million) initiative to test applications for 5G networks, the next generation of mobile communications, ahead of a planned ... ( read original story ...)
Singapore’s early-stage fund highlights four of tech’s most promising avenues
Everyone jumps in and says, 'I believe that this technology will be relevant and important five years from now'," Tong said. SGInnovate is funded wholly by the Singapore government but Tong declined ... ( read original story ...)
Singapore’s MAS Talks to Facebook Over Libra
The Monetary Authority of Singapore has held discussions with Facebook Inc. about its plans for a new cryptocurrency, though the regulator still sees significant obstacles in the way of the social ... ( read original story ...)
Singapore Watching Property Prices After Steps to Cool Market
Singapore authorities continue to keep a close watch over home property prices following last year’s steps to cool the market, the Monetary Authority of Singapore said Thursday. “Private residential ... ( read original story ...)
Singapore to Review 2019 Growth Call as Trade War Spreads
(Bloomberg) -- Singapore’s economic growth will probably be weaker than previously forecast as the U.S.-China trade war spreads to the technology sector, the central bank’s Managing Director Ravi ... ( read original story ...)
Singapore banks technology spend
This was written by Bloomberg Intelligence analyst Diksha Gera. It first appeared on the Bloomberg Terminal. DBS is likely to lead Singapore banks in adopting technology at the core of their ... ( read original story ...)