Standard Chartered in London declined to comment and a spokeswoman for Tat Hong in Singapore didn’t respond to requests for comment. Early Friday, Tat Hong requested a trading halt in its shares on the Singapore exchange, pending an announcement. ( read original story ...)
No Signboard starts taking orders for IPO
HONG KONG • Singapore seafood hawkers have been competing for decades ... started taking orders this week for an initial public offering (IPO) that could value the company at as much as $130 million. It is seeking to replicate the success of long-time ... ( read original story ...)
StanChart Buyout Arm Is Said to Plan Singapore Crane Firm Stake
Standard Chartered in London declined to comment and a spokeswoman for Tat Hong in Singapore didn’t respond to requests for comment. Executives at SCPE decided late last month to move ahead with Project Titan, the people said. Tat Hong’s current ... ( read original story ...)
Singapore’s Stocks Haven’t Lured This Much Cash in a Decade
“There has been increased interest in Singapore given its positive leverage to global growth and reflation,” said Desmond Loh, a fund manager at J.P. Morgan Asset Management. “Apart from an improvement in stock-specific fundamentals, strong export ... ( read original story ...)
Former bank employee charged with forging documents to disburse housing loans worth S$7.7m
SINGAPORE — A former mortgage specialist at OCBC Bank has been charged on Thursday (Nov 9) with 13 counts of forging documents relating to housing loan applications amounting to a staggering S$7.7 million. Between January 2014 and April 2015, Paul Liew ... ( read original story ...)
Asia’s export boom brings monetary tightening back into view
In Thailand, the pace of export growth remains near the four-year high reached in August. “The trade-led recovery is broadening to domestic demand, particularly private investment across Asia,” said Chua Hak Bin, a Singapore-based senior economist ... ( read original story ...)
From beer to miso: Six Japan firms seeking to boots halal exports to South East Asia
Maharaja Curry is available in the USA, Singapore, China, Hong Kong, Macau and Taiwan, according to managing director Atsuko Kanamori, who is keen to expand on this list. They had already begun to export the products about five to six years ago ... ( read original story ...)
What are the skills for Finance 2.0? At the Singapore Fintech Festival
Skills for finance are changing. And this is happening today already: “NAB will make 6,000 job cuts over then next 3 years with its digital banking revamp… NAB is hiring 2,000 people with different capabilities” says Banking Technology. After a ... ( read original story ...)
How Singapore can meet the 4000 jobs a year target
Earlier this week the Monetary Authority of Singapore (MAS) unveiled a new Industry Transformation Map (ITM) for the finance sector, aimed at boosting productivity and creating 3,000 net new jobs annually for the next three years, with an additional 1,000 ... ( read original story ...)
Singapore detains two for ‘terrorism-related’ activities
SINGAPORE (Nov 9): Singapore said on Thursday it has detained a Singaporean man and a woman for affiliations to radical Islamist groups under the country's tough security law that allows for detention without trial. The man, 25 year-old Abu Thalha bin ... ( read original story ...)
The Singapore Stock Market Today: Keppel-KBS US REIT Makes Its Debut
Hello, everyone! Here are three things about the local stock market that you might be interested in today. 1. The Straits Times Index (SGX: ^STI), finished Thursday at 3,423.91 points, up 2.66 points or 0.08%. The biggest winner in the index was Golden ... ( read original story ...)
OCBC Bank to use AI and machine learning to combat financial crimes
Singapore-based OCBC Bank has unveiled plans to use artificial intelligence (AI) and machine learning, as part of its efforts to reduce financial crimes. The bank intends to deploy these technologies to deal with the increasing scale and complexity of anti ... ( read original story ...)
OCBC Bank in good shape with digital health insurance plan
Singapore’s OCBC Bank has unveiled the purchasing of health insurance plans via its mobile and internet banking channels. The bank says: “Typically, health insurance plans like critical illness, disability, hospitalisation and surgical are not sold via ... ( read original story ...)
Minor train disruption rattles Singapore’s reputation for glitch-free services
SINGAPORE (Reuters) - Singapore is grappling with a controversy that refuses to go away, a month after rainwater flooded a tunnel of its mass rapid transit (MRT) service, leading to the partial suspension of train runs at weekends. A rare public apology by ... ( read original story ...)
MUFG seeks 40 pct of Indonesia’s Bank Danamon in SEAsia push -sources
TOKYO/SINGAPORE, Nov 9 (Reuters) - The core unit of Mitsubishi UFJ Financial Group (MUFG) is looking to buy a 40 percent stake in Bank Danamon Indonesia for around 200 billion yen ($1.75 billion), a person with direct knowledge of the talks told Reuters on ... ( read original story ...)
Japan’s MUFG seeks US$1.8b Bank Danamon stake in SE Asia push, sources say
MUFG, through its core unit Bank of Tokyo-Mitsubishi UFJ, intends to buy Danamon shares from Singapore state investor Temasek Holdings, a major shareholder, said two sources, who declined to be named as the talks were not public. Faced with sluggish growth ... ( read original story ...)