Tony Cripps, the CEO of HSBC in Singapore, said Asean was the world's fourth-largest trade bloc and about 25% of its trade activity was within the connected countries of the 10-member bloc, so "the fundamentals are incredibly powerful", especially with the ... ( read original story ...)
Be financially savvy: 7 tips for millennials to better prepare themselves for retirement
Among these dreams is retirement at 60. According to HSBC's Singapore report in May on The Future of Retirement series, Shifting Sands, most of those here aged between 20 and 37 expect to quit working at 60. This is two years earlier than the overall ... ( read original story ...)
Australian wheat exports to Asia soar as tastes change
In Vietnam, the humble local baguette or banh mi is a key driver of Australian wheat exports, while noodles in Vietnam are almost exclusively made from Australian wheat. Greg Harvey, Australian chief executive of the Singapore-based Interflour milling ... ( read original story ...)
WeWork is raising tons of money as it marches toward Asia
The company also bought Singapore co-working firm Spacemob in a separate deal ... The company, which is considering an IPO, is reportedly in talks to rent a building in Hong Kong’s nightlife district. ( read original story ...)
World Class Global first-half loss narrows on forex gain
The increase in share capital was due to the issuance of new ordinary shares in the capital of the company pursuant to the IPO while the rise in other ... shares jumped 4.1 percent to S$0.255 on the Singapore Exchange. ( read original story ...)
HNA’s Singapore REIT Partner Is Said to Explore Reducing Ties
announced in March it planned to buy at least a 35 percent stake in a REIT that will list in Singapore, as well as 75 percent of a trust management company formed with AEP. The IPO was slated to raise more than $400 million, people with knowledge of the ... ( read original story ...)
Latham & Watkins advises on $500-mn Azure Power Green Bond Offer
The Latham team was led by Singapore partner and India Practice Head Rajiv Gupta along with others. Rajiv Gupta in a statement said: “Following our work with Azure on their US IPO in 2016, it has been a pleasure to work with them once more on this ... ( read original story ...)
Singapore’s Datapulse Technology To Buy Industrial Property For S$10.5 Mln
SINGAPORE (Aug 07) -- Singapore's Datapulse Technology, a digital storage company, said Monday it plans to purchase an industrial property located at Toa Payoh, Singapore for S$10.5 million ($7.70 million). "The proposed acquisition would provide the ... ( read original story ...)
M1 launches commercial IoT network in boost to Singapore’s Smart Nation drive
Mr Tan Kiat How, chief executive of the Infocomm Media Development Authority (IMDA), said he was "heartened" about the launch, noting that IoT is a key technology area for growth which will drive Singapore's digital economy. The NB-IoT network will ... ( read original story ...)
Singapore shares open 0.02% higher
SINGAPORE: Singapore shares opened higher on Monday (Aug 7), with the benchmark Straits Times Index at 3,327.08 in early trade, up 0.02 per cent, or 0.56 points. About 30.3 million shares exchanged hands. Gainers beat losers 87 to 45. ( read original story ...)
250 gold bars found on wheelchair-bound Bangladeshi flying in from Singapore
assistant commissioner of customs, said. Jamil arrived at the airport from Singapore around 11pm. He was just about to go past the "green channel" half an hour later when officers intercepted him. He attached the bars to his body before boarding the ... ( read original story ...)
Malaysian export growth hits six-month low at 10%
Malaysian exports to China grew by 27.3%, Japan by 24.3%, India by 21.3%, and South Korea by 33.8%. Exports to ASEAN countries grew by 1.9%, thanks to shipments to Singapore at 9.1%, Thailand at 2.5%, and the Philippines at 18.5%. ( read original story ...)
Globalization Thrives in Asia as Export Revival Buoys Growth
For those who prefer to see a glass half full, leading indicators of trade -- manufacturing export orders and shipping rates ... Yew School of Public Policy at the National University of Singapore. "Globalization is advancing very strongly and trade ... ( read original story ...)
3 Things to Know about Singapore’s Stock Market Barometer
If you wish to know how the Singapore stock market is performing, you would have to turn your attention to the Straits Times Index (SGX: ^STI), or STI for short. As mentioned earlier, banks make up 36.52% of the index. The next biggest sector is real ... ( read original story ...)
Singapore sees US$61.5 million quarter-on-quarter increase in fintech investments
Fintech investments in Singapore saw an increase of US$61.5 million quarter over quarter despite continued decline in deal volume, according to the KPMG Pulse of Fintech report. While the historical trends showed that this is not out of the ordinary ... ( read original story ...)
Hong Kong, Singapore and China get tough on tax havens
Indonesia Finance Minister Sri Mulyani Indrawati ... In June, Indonesia signed multilateral and bilateral authority agreements with Singapore and Hong Kong, the go-to places for wealthy Indonesians to stash their money. “Globalisation has transformed ... ( read original story ...)