Singapore hands life ban to banker in 1MDB-linked cases

Singapore on Tuesday banned a jailed banker from working in its financial services industry for life over his links to the international money-laundering scandal involving neighbouring Malaysia's state fund 1MDB. Financial regulator the Monetary Authority ... ( read original story ...)

Singapore issues more financial bans related to 1MDB scandal

SINGAPORE (Reuters) - Singapore’s central bank on Tuesday said it had permanently barred Yeo Jiawei, a former wealth manager of Swiss bank BSI involved in breaches related to Malaysia’s 1MDB fund, from managing financial services firms and advisory ... ( read original story ...)

5 More Hidden Property Jewels

Singapore’s property market is on the verge of an uptrend, according to Morgan Stanley. Analysts at Morgan Stanley expects Singapore’s property prices to climb by as much as eight percent in 2018. Along with other research houses, Morgan Stanley ... ( read original story ...)

Singapore Nov petrochemical export growth slows to 4.4%

Exports of primary chemicals to China surged by 71.7% year on year in November, while shipments of other specialty chemicals to the USA were up by 62.4%, according to International Enterprise (IE) Singapore. This is because prices of refined oil products ... ( read original story ...)

Export growth beats forecast even as electronics slows

Singapore's exports continued to expand last month but well under October's sizzling pace as electronics continued its slowdown. Non-oil domestic exports (Nodx) rose 9.1 per cent over November last year, down from the revised 20.5 per cent growth in ... ( read original story ...)

Singapore’s Fintech chief warns on Bitcoin delusion

Bitcoin has no fundamental value and is likely to end in tears once speculators discover how hard it can be to extricate their cash, Singapore’s financial watchdog has warned. Sopnendu Mohanty, Fintech chief for Singapore’s monetary authority (MAS ... ( read original story ...)

Find out which Singapore bank leads in productivity

DBS had the most productive workforce with income per employee at $538,805 annually as of 3Q2017, significantly above the $323,465 for OCBC and $361,289 for UOB. "DBS benefits from economies of scale due to its established presence in Singapore and Hong ... ( read original story ...)

Singapore’s core exports rise due to gold, chemicals

we are doubtful whether the strong double-digit growth exhibited since November 2016 can be sustained as we move into 2018," said Francis Tan, an economist at United Overseas Bank in Singapore. This is especially as the current electronics cycle may be ... ( read original story ...)