In a first between the business institutions of India and Singapore, the Confederation of Indian Industry (CII) has entered into a Technology Partnership memorandum of understanding (MoU) with two agencies of Singapore in order to promote expertise for ... ( read original story ...)
City watchdog investigating HSBC over potential financial crime, bank reveals
HSBC is the process of overhauling its board and seeking a new chairman. Photograph: Jacky Naegelen / Reuters/Reuters The City regulator is investigating HSBC over potential breaches of money laundering rules after concerns raised last year by the anti ... ( read original story ...)
OpenSignal ranking of mobile data speeds places Canada 12th out of 87 countries
In the aggregate, it found that mobile users in South Korea enjoy the fastest mobile speeds in the world, at 37.54 megabits per second. Norway, Singapore and Hungary all topped 30 megabits, a cut-off that OpenSignal calls "a high bar to achieve ... ( read original story ...)
Singapore to levy SE Asia's first carbon tax
Singapore plans to implement Southeast Asia’s first carbon tax by 2019, a move that would raise energy costs in the island nation and require more than 30 big polluters such as power plants to pay the levy. The proposal would charge between S$10 (US$7 ... ( read original story ...)
Singapore Morning News Roundup For February 22
Welcome to the Singapore morning news roundup by AEC News Today, your one stop for Singapore news on matters of governance and policies affecting Asean business communities. According to the Singapore Tourism Board (STB), Singapore’s business events ... ( read original story ...)
Extremely rare 'fire rainbow' that makes the sky look like it's burning is spotted in Singapore
The incredible ball of multi-coloured light formed 'out of nowhere' behind a cloud on Monday afternoon in North-East District, Singapore. It was so bright ... And meteorologist Justin Lock told 14 News that a strict set of conditions are required for ... ( read original story ...)
Singapore to raise water rates by 30 per cent
Singapore's finance minister has announced a rise in domestic water prices of 30 per cent over the next two years, citing the cost of desalination and water reuse. “We have priced water to reflect the higher costs of desalination and NEWater production ... ( read original story ...)
Singapore industrial output seen contracting 2.6% in January
SINGAPORE: Singapore's industrial production in January is expected to have shrunk after a run of strong monthly rises, a Reuters poll showed, though analysts see the electronics sector extending its recent bounce. A Reuters poll of 12 analysts forecast ... ( read original story ...)
Singapore stocks end up 0.91 pct
SINGAPORE, Feb. 22 (Xinhua) -- Singapore shares closed 0.91 percent higher on Wednesday, after U.S. markets closed fresh record highs overnight. U.S. stock prices ended higher on Tuesday, lifted by strong earnings reports from Wal-Mart and Home Depot. The ... ( read original story ...)
Black Hat Asia 2017 to Offer Full Scholarships to Singapore Professors and Students, Supporting Singapore Government's Cybersecurity Strategy
Black Hat Asia will take place March 28 -- March 31, 2017 at the Marina Bay Sands in Singapore. For more information and to register, please visit: blackhat.com/asia-17/ "Black Hat continues to serve as a platform for the most valuable and timely ... ( read original story ...)
Singapore Says Factors Backing Property Demand to Stay (Correct)
Singapore’s property demand remains "very resilient," supported by factors including low interest rates and a stable economy, National Development Minister Lawrence Wong said. “Our economy is still growing, so I think demand is still healthy and our ... ( read original story ...)
Standard Chartered : Ageing – Passing the baton to Asia
Singapore and Hong Kong set to age fastest. In a new special report, Standard Chartered's Global Research team assesses the policy responses of countries in the region that most urgently need to tackle challenges related to ageing. It also analyses the ... ( read original story ...)
Singapore's Home Curbs May Stay for Some Time, Minister Says (1)
who’s also the second finance minister, said in a Bloomberg Television interview with Haslinda Amin. “If you look at the market today, demand remains very resilient.” Singapore’s government has been steadfast in its commitment to cool the housing ... ( read original story ...)
Fitch Rates UOB's Basel III Tier 2 Subordinated Notes Final 'A+'
Fitch Ratings has assigned Singapore-based United Overseas Bank Limited's (UOB) SGD750m 3.5% Basel III-compliant Tier 2 subordinated notes a final rating of 'A+'. The notes will be issued on 27 February 2017. This follows the receipt of final documents ... ( read original story ...)
UOB loan growth expands 8.9%
It was driven by Singapore and Indonesia. UOB demonstrated a pristine asset quality with NPL ratio receding 14bp qoq to 1.47% in 4Q16, according to research firm UOB KayHian. The report noted that UOB loan growth expanded in the past quarter, growing 8.9%. ( read original story ...)
Singapore Bourse May Halt Losing Streak
(RTTNews.com) - The Singapore stock market has tracked lower in back-to-back sessions, dipping more than a dozen points or 0.4 percent along the way. The Straits Times Index now rests just beneath the 3,095-point plateau, although the market may find ... ( read original story ...)