United Overseas Bank (China) Ltd, a wholly owned subsidiary of Singapore-based UOB, opened a branch in Kunming, Yunnan province, on Thursday in an effort to help Chinese companies expanding into Southeast Asia. As the bank's third branch in southwestern ... ( read original story ...)
Standard Chartered, Axis Launch Payments Service With Ripple Tech
Financial institutions Standard Chartered and Axis Bank have announced a new cross-border payments platform built on top of technology developed by Ripple. Unveiled today, the platform – which will connect corporates between Singapore and India – will ... ( read original story ...)
Singapore’s neighbours are catching up in IPO leaderboard
SINGAPORE - The local market is on track to keep top spot as the leading South-east Asian listings market for the second straight year but rivals are closing in. More than S$4 billion will have been raised here by the end of the year, according to Deloitte ... ( read original story ...)
Singapore, Malaysia revitalise Southeast Asia’s IPO market
KUALA LUMPUR — Capital markets across Southeast Asia produced record-high capital raising activity in 10.5 months of 2017 with 144 initial public offerings (IPOs) hitting S$10.4 billion in total funds raised. With a market capitalisation of S$33.9 ... ( read original story ...)
Property trends in 2018
According to Cushman & Wakefield Singapore’s research head Christine Li ... that home prices across the city-state are indeed recovering, the PropertyGuru Property Index shows that asking prices of over 200,000 homes listed on the website have ... ( read original story ...)
Singapore widens crossborder tie-ups in fintech
Singapore has been working on blockchain domestically so that banks can settle interbank transactions directly, without going through the central bank. There are 10 participating banks including DBS Group Holdings, Citibank and Standard Chartered Bank. ( read original story ...)
Singapore Growth, Low CPI Keep Markets Guessing on Central Bank’s Next Move
Faster economic growth, coupled with subdued inflation, complicates the timing of monetary policy tightening in Singapore. Data on Thursday showed the economy expanded at its fastest pace in more than three years in the third quarter, and that the ... ( read original story ...)
Singapore Q3 exports rise on electronics demand; eyes fastest 2017 growth in seven years
Singapore's non-oil domestic exports (NODX) rose 7.6 percent in the third quarter, helped by growth in electronic and non-electronic exports. Electronic NODX grew for the fourth straight quarter while non-electronics resumed growth, according to the latest ... ( read original story ...)
Singapore to use driverless buses ‘from 2022’
Singapore plans to introduce driverless buses on its public roads by 2022. The government says they will be piloted in three new neighbourhoods which will have less-crowded roads designed to accommodate the buses. The buses will be used to help residents ... ( read original story ...)
‘Mortgage critical to realistic housing policy’
“The most efficient focus of housing policy is for the government to assist millions of Nigerians obtain lower-interest mortgages; this is how most citizens are helped to acquire houses in many countries with successful housing policy such as ... ( read original story ...)
Singapore non-oil domestic exports up 7.6% in Q3; 2017 forecast raised to 6.5%-7.0%
SINGAPORE - Singapore's trade agency is raising its full-year forecast for non-oil domestic exports (Nodx) after the trade benchmark grew at a faster 7.6 per cent year-on-year pace in the third quarter of 2017. IE Singapore now expects Nodx to expand by 6 ... ( read original story ...)
Singapore’s Economy Hits Fastest Pace in More Than Three Years in Third Quarter
Singapore raised its economic growth forecast for this year to 3 percent to 3.5 percent after third-quarter data beat projections on the back of stronger exports and manufacturing. Highlights of GDP Report Gross domestic product rose at a seasonally ... ( read original story ...)
DBS sells 900,000 StarHub shares for S$2.45m
SINGAPORE - DBS Group Holdings sold 900,000 shares of StarHub, Singapore's second-largest telco after Singtel, for about S$2.45 million on Nov 13, according to a filing with the Singapore Exchange. The aggregate proceeds suggest an average unit price of S$ ... ( read original story ...)
“I’m an Indian banking professional in Singapore. I’m worried about my Employment Pass”
“I’m anxious that my Employment Pass won’t be renewed when I apply for my next job in Singapore.” Singapore promises its legions of financial technology professionals a bright future. For each of the next three years, 1,000 tech jobs will be ... ( read original story ...)
Singapore’s Big Week In Blockchain Progress
According to reports in the Business Times, Singapore’s central bank participated in a three-hour-long meeting late last week with Hong Kong to discuss the initiative, which has a lot of concerns to consider before the rollout. Reports said officials are ... ( read original story ...)
Singapore to deploy driverless buses from 2022: minister
Driverless buses will appear on some roads in Singapore from 2022 as part of plans to improve mobility in the land-scarce city-state, its transport minister said Wednesday. Singapore has so far avoided the massive traffic jams that choke other Asian cities ... ( read original story ...)