SINGAPORE: The Republic’s economic growth is expected to remain firm next year, although expansion “could moderate from this year”, the Monetary Authority of Singapore (MAS) said in its latest macroeconomic review released on Friday (Oct 27 ... ( read original story ...)
Singapore aims to finish its own cryptocurrency trial next year
Singapore will conclude its experiment with blockchain technology and its own digital currency next year before deciding whether to commercialize the trial, the country's regulator has told CNBC. In 2016, the Monetary Authority of Singapore (MAS) announced ... ( read original story ...)
Singapore Exchange Chief Hopes to Win World’s Biggest IPO
Singapore Exchange Ltd.’s chief executive officer said his company is still in the running to win a listing of the shares of oil giant Aramco, in what could be the world’s biggest initial public offering. “We’re as good as any other exchange ... ( read original story ...)
MindChamps inks deals ahead of Singapore IPO
MindChamps PreSchool has inked agreements with Chinese investors ahead of a planned initial public offering (IPO) on the mainboard of the Singapore Exchange. MindChamps, the largest operator and franchiser of premium-range pre-school centres in Singapore ... ( read original story ...)
Daily Briefing: MAS warns Singapore to prepare for inflation growth; Wealth management drives banks’ profits
Singapore’s central bank chief said while inflation is still well below the historical average, policy makers need to be proactive if a stronger economy results in a pickup in price pressures. Inflation will climb at some point if economic growth ... ( read original story ...)
Singapore stocks rise to two-month highs, Malaysia equities decline
helped by a rally in Genting Singapore. Oversea-Chinese Banking Corp. edged higher after third-quarter earnings exceeded estimates. Malaysia shares fell ahead of the presentation of the 2018 budget. Singapore's FTSE Straits Times index rose 0.4% to 3,356.25. ( read original story ...)
Singapore will stop adding cars to the roads in 2018
Singapore will not allow its personal car population to grow starting in February. Singapore's ban is part of an effort to conserve land; 12% of the island's land area is taken up by roads. The city-state is planning to invest billions in public transit. ( read original story ...)
Eye on Bedok: Singapore’s most populous neighbourhood
Tay Huey Ying, head of research at JLL Singapore, identifies Seaside Residences and Grandeur Park Residences as the two most recent property launches in the area. Both are 99-year leasehold condominium projects, with the 841-unit Seaside Residences having ... ( read original story ...)
Singapore now has ‘most powerful passport in the world’: Index
The red Singapore passport has topped a global passport ranking index thanks to one more country removing visa requirements for Singaporeans. Developed by Arton Capital, a financial advisory firm which provides investor programmes for residence and ... ( read original story ...)
Singapore set to freeze number of cars on roads
SINGAPORE: Singapore, one of the most expensive places in the world to buy a vehicle, will freeze the number of private cars on its roads for at least two years, a rare move in Asia where many cities are increasingly gridlocked. The city-state said the ... ( read original story ...)
Singapore manufacturing beats expectations to grow 14.6% in September as electronics continues to soar
SINGAPORE - Factories - now the brightest spot in the Singapore economy - continued powering ahead last month as surging global demand for electronics once again helped lift growth in September. Manufacturing output increased 14.6 per cent year-on-year in ... ( read original story ...)
20-something Singapore bankers now far too frightened to move firms
As profit margins fall, young bankers in Singapore are worried about the risks of moving to a new employer. https://news.efinancialcareers.com/sg-en/213178/this-is-what-your-private-banking-salary-and-bonus-should-be-in-singapore/ If you’re an ... ( read original story ...)
Singapore Central Bank Chief: No Regulation for Cryptocurrencies
The chief of Singapore's central bank has indicated it will not regulate cryptocurrencies, but plans to stay watchful on the risks posed by the technology. In an interview with Bloomberg, Ravi Menon, managing director of Monetary Authority of Singapore ... ( read original story ...)
Oversea Chinese Banking : OCBC Third Quarter Profit Grows 12% on Year
SINGAPORE--Oversea-Chinese Banking Corp. Ltd. reported Thursday a 12% rise on year in its third quarter net profit as higher interest rates helped income. Net profit in the July-to-September quarter was 1.06 billion Singapore dollars (US$779 million ... ( read original story ...)
Singapore stocks shake off weak Asia; OCBC subdued after results
Overseas-Chinese Banking Corp rose 0.1 percent, United Overseas Bank gained 0.2 percent and DBS Group Holdings added 0.3 percent. Shares in Singapore's second-largest lender Oversea-Chinese Banking Corp were sluggish after its nonperforming assets rose 15 ... ( read original story ...)
Singapore’s OCBC third-quarter profit up 12 percent; flags stress in oil and gas sector
SINGAPORE (Reuters) - Singapore's Oversea-Chinese Banking Corp reported a 12 percent increase in quarterly net profit, boosted by growth in its insurance and wealth management businesses, but highlighted continued stress in the oil and gas ... ( read original story ...)