SINGAPORE: A former trader at DBS Group Holdings Ltd’s brokerage unit on Friday was convicted by a Singapore court for spoofing the securities market in the city’s first such criminal case. Dennis Tey Thean Yang, 33, pleaded guilty to eight of the 23 ... ( read original story ...)
Singapore’s £10bn tilt at Amazon landlord
Singapore’s sovereign wealth fund is considering making a £10.6bn takeover bid for Logicor, one of Amazon’s biggest landlords. In a move that would disrupt a planned float of the business, GIC and other state-backed investors including China ... ( read original story ...)
SIA innovates to stay ahead
Airline passengers today are more demanding and vocal about what they want—and that’s something that excites Singapore Airlines (SIA ... new aircraft we’ll have new first-class suites, new business class—and we just enhanced that five years ... ( read original story ...)
Singapore regulator reports successful inter-bank payments using blockchain
Blockchain is best known for underpinning trading involving the digital currency bitcoin, but it has many other potential uses. Broadly it is a shared digital ledger for recording information, such as the transfer of assets between two or more parties. ( read original story ...)
Worse dictators in the world keeps coming to Singapore?
And Cahuzac provided a fake tax certificate when he transferred the money to Singapore, reports say.” (“Disgraced budget minister had 15 million in Swiss account, report“, 7 Apr, 2013) The story on Deutsche Bank alleges that more than 100 customer ... ( read original story ...)
Xero's Asia pathway widens with bank feeds
The Wellington-based cloud accounting software developer this week signed deals with the Hong Kong Shanghai Banking and the Development Bank of Singapore to bring the Asian lenders into Xero's expanding 'financial web'. The HSBC deal will let Hong Kong and ... ( read original story ...)
ONGC arm OPal starts exports from Dahej plant to Singapore
VADODARA: ONGC Petro Additions (OPaL) has begun exports to Singapore and intends to float a tender soon for exporting more products to other countries. The first consignment of butadiene was shipped to Singapore, and the company wants to export more ... ( read original story ...)
Time bank lets Japan's seniors swop services for free – from cleaning to companionship
Time banking is one of several schemes featured in an episode of Challenge Tomorrow this Sunday (March 12), which looks at how Japan, the United States, Australia and Singapore, are managing aging issues. More countries like Singapore are looking at ways ... ( read original story ...)
Bert Stegink leads UBS Singapore
A well-experienced wealth manager is now leading UBS’s business in Singapore. UBS, Asia’s largest wealth management firm, named Bert Stegink to the position earlier this month. Stegink will enter the Swiss firm from Dutch lender ABN Amro Private Bank ... ( read original story ...)
Canara Bank sells 13.5% of home finance arm to GIC for Rs 754 cr
State-run Canara Bank, which has been struggling to sell non-core assets to shore up its poor core capital, today sold 13.45 per cent of its stake in its home finance arm Can Fin Homes to GIC of Singapore for Rs 753.8 crore or USD 113 million. State-run ... ( read original story ...)
UOB launches sale of dual currency covered bonds
This is Asia's first dual currency covered bonds issue. Singapore banking giant United Overseas Bank announced two sales of covered bonds comprising of two tranches, a US$500m 2.125% covered bonds and an EUR500m 0.125% covered bonds, both due 2022. ( read original story ...)
Singapore regulator eyes blockchain for settlement
The Monetary Authority of Singapore is in talks with group of financial institutions to use distributed ledger technology for domestic inter-bank payments and securities settlement, following the completion of a proof-of-concept project. The process ... ( read original story ...)
Canara Bank Sells 13.45% Stake In Can Fin Homes
State-run lender Canara Bank Ltd has sold a 13.45 per cent stake in Housing finance arm Can Fin Homes Ltd to Singapore-based Caladium Investment Pvt Ltd for Rs 754 crore, it said on Friday. The divestment is seen as a part of the monetization process of ... ( read original story ...)
Singapore keeps in place Fukushima food import curbs
TOKYO: Singapore is keeping in place curbs on food imports from Fukushima, which six years ago on Saturday (March 11) was hit by an earthquake, tsunami and nuclear disaster, the Agri-Food and Veterinary Authority of Singapore (AVA) said. This is despite ... ( read original story ...)
HSBC mulls former Prudential chief Mark Tucker for chairman
Europe's largest bank HSBC Holdings is planning to appoint former Prudential head Mark Tucker as chairman in the first stage of its management overhaul, according to reports. The bank is reportedly lining Mr Tucker up as Douglas Flint's replacement in ... ( read original story ...)
Water Price Hike Sparks Rare Public Protest in Singapore
SINGAPORE — More than 100 people gathered in Singapore's Speakers' Corner on Saturday for a rare protest against a government plan to hike water prices that has stirred discontent over sluggish economic growth and rising unemployment in the city-state. ( read original story ...)