UOB notes that this is possibly a result of the weaker real wage growth and less-tight labour market, and evident in the contraction in Singapore’s retail sales numbers over the past year. "Faced with the onset of poorer economic prospects and job market ... ( read original story ...)
Singapore shares flat ahead of ECB meeting
Profit-taking on DBS Group, Genting Singapore, Wilmar International and Global Logistic ... Strong buying interest in UOB Group and Singtel helped bolster the market. UOB rose 0.9 per cent or 18 cents to $21.01, while the telco climbed 0.3 per cent or ... ( read original story ...)
The O&G nightmare is lifting from Singapore’s banking sector
SINGAPORE (Nov 30): UOB Kay Hian is keeping its “overweight” call on the Singapore banking sector while maintaining its “buy” recommendations on DBS Group and Oversea-Chinese Banking Corp (OCBC) at target prices of S$20.15 and S$10.45 respectively. ( read original story ...)
Singapore banks' bad loan risks could moderate by end-2017
It also believes that enhanced government support for Singapore-based offshore marine companies will ... NPL formation up to 3Q16 remained high. Positively, OCBC and UOB have indicated that no new names were identified in 3Q16. ( read original story ...)
DBS cooperating with HK regulator amid alleged customer data leak: MAS
SINGAPORE: The Monetary Authority of Singapore (MAS) said on Friday (Dec 9) it is aware of the case involving DBS Hong Kong whose employees were reportedly arrested over an alleged leak of customer data. It added that DBS is cooperating with Hong Kong ... ( read original story ...)
Singapore Customs seizes 5,635 cartons of duty-unpaid cigarettes
SINGAPORE: The duty-unpaid cigarettes were seized at a self-storage facility in the north-east of Singapore on Wednesday, Dec. 7, 2016. (Singapore Customs via AP /-) Singapore Customs seized 5,635 cartons of duty-unpaid cigarettes from a self-storage ... ( read original story ...)
Singapore expands its paternalistic policy on race
ON A side street in the centre of Singapore, a Muslim-American lawyer beats his wife bloody, only to be treated to rapturous applause. The lawyer is Amir Kapoor, the central character in Ayad Akhtar’s play “Disgraced”, which completes a run this week ... ( read original story ...)
Private home prices to drop 3% to 7% next year: OCBC analysts
... home prices in Singapore are forecast to dip by 3 to 7 per cent next year, while rents are expected to fall by 5 to 10 per cent, burdened by persistent housing oversupply and the imminent rise in interest rates, said OCBC Investment Research analysts ... ( read original story ...)
10 Best Attractions In Singapore
This article was originally on GET.com at: 10 Best Attractions In Singapore Measuring at just a little under 720 square kms, Singapore does not exactly have a big land area to explore for those who want a little adventure. However the island city-state has ... ( read original story ...)
DBS cooperating with HK regulator amid alleged customer data leak
SINGAPORE: The Monetary Authority of Singapore (MAS) on Friday (Dec 9) said it is cooperating with Hong Kong authorities on a case involving DBS Hong Kong whose employees were reportedly arrested over an alleged leak of customer data. According to a ... ( read original story ...)
Singapore to shut down 2G network
Tens of thousands of mobile phone customers in Singapore will need to find a new option as the city plans to shutdown its 2G phone network in April 2017. Some users will miss the simplicity of these phones, others the rock-bottom price. ( read original story ...)
GTA Online Import/Export DLC vehicle list leaked: Full customisation and design revealed
GTA Online Import/Export DLC vehicle list leaked: Full customisation and design revealed Renowned YouTuber MrBossFTW (aka Ross) has showcased some exquisite details of the forthcoming DLC cars and rare special vehicles, in his latest gameplay video for GTA ... ( read original story ...)
Singapore Fuel Oil Imports Grow Alongside Weakening European Demand
The first nine months of 2016 saw Singapore's onshore fuel oil stocks reach more than 4.1 million tonnes - a two-year high, IHS Fairplay reports. The increase is said to have been supported by decreased demand in Northern Europe, prompting Russia, the ... ( read original story ...)
Singapore’s maritime sector to boost with new lab aiming to cut fuel costs
SINGAPORE: A new research laboratory developing clean energy solutions promises to be a boost for Singapore’s maritime sector. The facility, which was launched on Wednesday (Dec 7), is located at Nanyang Technological University (NTU), with offshore ... ( read original story ...)
Singapore turns up the fintech heat
Businesses explain why Singapore seems to take the lead over HK. According to Bloomberg, tax benefits, government help and easy access to regional markets led Joe Seunghyun Cho to choose Singapore as the headquarters for his six financial technology ... ( read original story ...)
Singapore is well-positioned to weather global trade shocks: Moody's
Its economic, fiscal and financial buffers often surpass those of AAA-rated peers. Moody's said in a report that its outlook for Singapore's Aaa rating is stable as it expects the government's prudent policies and sound financial position to support the ... ( read original story ...)