Property prices in Singapore have been on the decline in the last three years, but many forgot that before the decline, private home prices have surged some 60 percent since the 2008 – 2009 global financial crisis. The inflation has no doubt caused the ... ( read original story ...)
Fitch Assigns Final 'AAA' Rating to OCBC's Inaugural Covered Bonds; Outlook Stable
At 31 January 2017, the cover pool consisted of 8,319 prime Singapore private residential mortgages equivalent to SGD5.7bn. The OCBC-calculated WA indexed loan-to-value ratio is 57.9%, and the portfolio is 59.5 months seasoned. By current balance ... ( read original story ...)
Vodafone Connects Mobike's Bike-Sharing Scheme in Singapore
SINGAPORE, March 21, 2017 /PRNewswire/ -- Vodafone is providing all the managed Internet of Things (IoT) connectivity for the world's most popular bike sharing company Mobike's operations in Singapore, Mobike's first outside of China. The Vodafone ... ( read original story ...)
Singapore’s stock market rally slammed by oil and gas woes
The S&P 500 index slid for a third day, dragged by financial (-0.9%) and utility (-0.68%) sectors. Market sentiment has been weighed by news that the FBI is probing possible ties between Russia and Donald Trump’s presidential campaign, according to FBI ... ( read original story ...)
Singapore Bank Stocks: More Oil Pain to Come?
DBS is Maybank Kim Eng’s preferred pick within its Singapore banks coverage despite having the largest exposure to Ezra Holding, the Singaporean oil & gas services company which has filed for U.S. bankruptcy. Maybank Kim Eng has a hold rating DBS with a ... ( read original story ...)
Singapore banks’ exposures Ezra ‘lower than expected’
SINGAPORE (March 20): UOB KayHian says it is keeping to its conservative 2017 earnings forecast for Singapore’s banking sector, which is 6% below consensus estimates for DBS and 7% below consensus estimate for OCBC. This comes after factoring the banks ... ( read original story ...)
Singapore Bans Ex-Bankers Linked to 1MDB From Working in Financial Sector
SINGAPORE—Singapore’s central bank said it has banned a former director of Goldman Sachs Group Inc.’s local branch from operating in the financial sector and plans to ban three more people from other banks, following investigations linking them to ... ( read original story ...)
Singapore banks, energy services stocks wobble following Ezra bankruptcy filing
Ezra has $1.5bn of total liabilities, with Singapore lender DBS facing the single biggest hit, with loans to Ezra of $272m. The bank said on Monday morning via a spokesman: Our exposures to Ezra Holdings were moved to non performing in the third quarter ... ( read original story ...)
Singapore banks' profits could fall by up to 8% in FY17
We estimate Singapore banks have c.SG$217-748m of claims and borrowings to Ezra Group, based on court filings and bank borrowings. If we assume O&G support services’ NPLs require specific provisions of 50 cents per dollar of problem loans, and the ... ( read original story ...)
Citigroup’s voice authentication option reaches one million customers in Asia
The bank was the first financial services company to deploy voice biometrics authentication across Asia Pacific, having implemented the technology in Taiwan, Australia, Singapore, Hong Kong, Philippines, Malaysia, Vietnam, Thailand and India. Citi clients ... ( read original story ...)
Maybank Kim Eng positive on Malaysian equity market
SINGAPORE: Maybank Kim Eng Group, the investment banking arm of Maybank, is positive over the Malaysian equity market, with an expectation of the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) hitting the 1,800-level this year. Chief executive officer Datuk ... ( read original story ...)
Singapore tops global ranking for startup talent, overtaking Silicon Valley: Survey
SINGAPORE: Singapore has surpassed Silicon Valley as a startup ecosystem in terms of talent, according to a survey of 10,000 startup founders across more than 100 cities. The Global Startup Ecosystem Report and Ranking 2017 by Startup Genome assessed ... ( read original story ...)
Singapore Morning News For March 21
Singapore morning news by AEC News Today is your one stop source for Singapore news on matters of governance and policies affecting Asean business communities. Singapore tops global ranking for startup talent, overtaking Silicon Valley: Survey Singapore ... ( read original story ...)
Singapore best in Asia for quality of living
Singapore remains first among cities in Asia for quality of ... offer the world's highest quality of living and remain attractive destinations for expanding business operations and sending expatriates on assignment, according to Mercer. ( read original story ...)
TPG predicts SG$300m spend on Singapore mobile network
Australian telecommunications provider TPG has announced its financial results for the first half of FY17, revealing that it is predicting capital expenditure spend of between SG$200 million and SG$300 million for the rollout of its Singaporean mobile network. ( read original story ...)
Regulator tells Singapore bourse: Restore trading more quickly after glitches
SINGAPORE, March 20 Singapore's central bank said on Monday it has asked the Singapore Exchange to enhance its recovery processes following an investigation into a trading disruption in July last year. At the time, trading in the securities market was ... ( read original story ...)