Singapore to deploy S$45m worth defence tech labs to counter terrorism and drone attacks Singapore is all geared up to launch two new defence tech labs to aid next-gen Singapore Armed Forces (SAF) in their counter-terrorism operations and prevention of ... ( read original story ...)
Raising taxes over time needed to boost Singapore revenues: Minister Heng
Finance Minister Heng Swee Keat said besides spending prudently and effectively there is a need to grow Singapore's revenue through new taxes or raising taxes over time. During his Budget 2017 round-up speech, the minister noted that this challenge of ... ( read original story ...)
UOB unveils virtual corporate credit card
The accounts payable component within the UOB Virtual Payment Solutions suite is offered in partnership with Visa Business Solutions and Invapay, a UK-based financial technology company. More From Singapore Business Review ( read original story ...)
Singapore Reveals Cyber Attack on Defense Ministry
On February 28, Singapore’s defense ministry (MINDEF) disclosed that a breach in an Internet-connected system earlier this month had resulted in the personal data of 850 national servicemen and employees being stolen. Though the impact of the breach was ... ( read original story ...)
Credit Suisse makes headway in digital space in Asia
Credit Suisse in Singapore has launched two solutions in the digital space to keep up with consumer expectations: digital client on boarding for private banking and automated account aggregation and reporting. Digital client onboarding for private ... ( read original story ...)
Credit Suisse Partners with Singapore based Fintech Firm Mesitis
Mesitis will enable the bank’s Singapore-domiciled clients who have accounts with Credit Suisse’s Singapore Branch to participate in a pilot program to gain access to Canopy that allows access to bankable and non-bankable assets across different ... ( read original story ...)
Stan Chart faces big “fight” for more ex-Barclays bankers in Asia
And it wants to poach bankers who’ve just moved from Barclays to Bank of Singapore. http://news.efinancialcareers.com/sg-en/213178/this-is-what-your-private-banking-salary-and-bonus-should-be-in-singapore/ The ex-Barclays bosses heading up Standard ... ( read original story ...)
Singapore inflation accelerates to 2-yr high, easing bets recede
SINGAPORE Singapore's inflation rose at its fastest pace in two years in January, led by services and oil-related items, virtually shutting out the prospect of further monetary policy easing at the central bank's next meeting in April. The all-items ... ( read original story ...)
Deutsche Bank Said to Review Options This Month for Capital (2)
(Bloomberg) -- Deutsche Bank AG plans to review strategic options over coming weeks that include a capital increase and the partial sale of its asset-management business, according to people with knowledge of the plans. The supervisory board is scheduled ... ( read original story ...)
Deutsche Bank Said Near Plan on $10.6 Billion Capital Raise (1)
(Bloomberg) -- Deutsche Bank AG is nearing a plan to boost capital by more than 10 billion euros ($10.6 billion) through an equity offering and the partial sale of its asset management unit, according to people with knowledge of the discussions. The ... ( read original story ...)
The Call: UOB stays overweight on Singapore banks
SINGAPORE (Feb 22): UOB KayHian is maintaining its “overweight” rating on the local banking sector, keeping DBS Group Holdings and Oversea-Chinese Banking Corp as its top buys. In a Monday report, UOB lead analyst Jonathan Koh says the outlook for 2017 ... ( read original story ...)
DBS launches enhanced digital wealth platform
A new offering from DBS is a first in Singapore, according to the bank, by allowing clients to conduct their banking transactions, manage their wealth and also trade on a single platform. A new offering from DBS is a first in Singapore, according to the ... ( read original story ...)
Government is keeping a close eye on business costs, economy: Lim Hng Kiang
SINGAPORE: The Government will continue to support local firms through challenges and is keeping a close eye on business costs, said Minister for Trade and Industry (Trade) Lim Hng Kiang at the Committee of Supply debate for his ministry’s budget on ... ( read original story ...)
Veteran Singapore businesses say no to govt handouts
This year has been no different. After the Budget was announced last month, the Singapore Business Federation (SBF) issued a press statement expressing its disappointment with what it called “underwhelming” measures to help alleviate business concerns ... ( read original story ...)
Singapore to invest S$45m a year in new defence tech labs for robotics, AI
SINGAPORE: A starting seed grant of S$45 million a year will be given to two new laboratories in the Defence Science and Technology Agency (DSTA) and DSO National Laboratories organisations, Defence Minister Ng Eng Hen said in Parliament on Friday (Mar 3). ( read original story ...)
Singapore dollar slides across the board as data show dismal outlook
The Singapore dollar has dropped against most major currencies on Friday as surveys showed private sector growth is slowing and inflation outlook remains subdued in the island economy. Despite the broad weakness in the US dollar, the Singdollar weakened ... ( read original story ...)