The Monetary Authority of Singapore is in talks with group of financial institutions to use distributed ledger technology for domestic inter-bank payments and securities settlement, following the completion of a proof-of-concept project. The process ... ( read original story ...)
Canara Bank Sells 13.45% Stake In Can Fin Homes
State-run lender Canara Bank Ltd has sold a 13.45 per cent stake in Housing finance arm Can Fin Homes Ltd to Singapore-based Caladium Investment Pvt Ltd for Rs 754 crore, it said on Friday. The divestment is seen as a part of the monetization process of ... ( read original story ...)
HSBC mulls former Prudential chief Mark Tucker for chairman
Europe's largest bank HSBC Holdings is planning to appoint former Prudential head Mark Tucker as chairman in the first stage of its management overhaul, according to reports. The bank is reportedly lining Mr Tucker up as Douglas Flint's replacement in ... ( read original story ...)
SCB deepens push into fintech with fund outlay
SCB, through its fintech subsidiary Digital Ventures, announced this week a “significant investment” in Dymon Asia Ventures, the fintech-focused venture capital arm of Dymon Asia Capital. Singapore-based Dymon Asia was ranked by Bloomberg as the 10th ... ( read original story ...)
Singapore 2nd on ranking of world's most innovative intellectual property offices
SINGAPORE - The Intellectual Property Office of Singapore (Ipos) has emerged as the first-runner up in a recent study of the world's most innovative IP offices, second only to the European Union, Ipos said in a press release on Thursday (March 9). ( read original story ...)
Singapore is working to become ‘Asia's Infrastructure Exchange'
Recognising the critical demand for infrastructure in the region, Singapore is launching itself as the infrastructure hub of Asia, senior minister of state for law and finance Indranee Rajah said. Speaking at the Asia-Pacific Energy & Infrastructure ... ( read original story ...)
China and Malaysia trump Singapore in number of women management roles
Singapore is the second-poorest performer amongst surveyed countries. The number of women in managerial positions has increased in Asia, according to global professional recruiting group Hays. The 2017 Hays Asia Salary Guide reveals that 31% of management ... ( read original story ...)
Mild Support Tipped For Singapore Shares
(RTTNews.com) - The Singapore stock market on Thursday wrote a finish to the two-day winning streak in which it had climbed almost 25 points or 0.7 percent. The Straits Times Index now rests just below the 3,120-point plateau, although the market may find ... ( read original story ...)
Singapore Shares Draw Flat Lead For Thursday
(RTTNews.com) - The Singapore stock market has tracked higher in two straight sessions, climbing almost 25 points or 0.7 percent along the way. The Straits Times Index now rests just above the 3,145-point plateau, although the market may be stuck in ... ( read original story ...)
Singapore to look into residential stamp duty loopholes
Legislative changes will be made to solve issues. The Singapore government will be working to review and solve several issues concerning the residential stamp duties. Speaking before the Parliament, National Development Minister Lawrence Wong said the ... ( read original story ...)
How do Singapore firms adopt diversity practices in their workplaces?
1 in 2 companies reflected an increase in the number of female job applicants. Singapore firms are starting to take a step further to embed a diverse and inclusive culture in their workplaces, as revealed by the latest study by the PwC. In the study ... ( read original story ...)
Ex-BP executive charged with taking $5.7m in bribes
from a HSBC account in Hong Kong to a POSB Bank account and two other HSBC Singapore accounts. The amounts ranged from $76,568 to $725,500. He also faces 10 charges of converting property amounting to $3.97 million which, in whole or in part, were direct ... ( read original story ...)
Singapore Exchange brings back lunch break, widens bid-offer spread
The Singapore Exchange (SGX) is bringing back lunch breaks and widening the bid-and-offer spread, giving up a faster-paced approach to boosting volumes made after a penny stock crash in 2013 that rattled confidence and saw retail business slump. ( read original story ...)
DBS to launch mobile-only banking service in Indonesia
The Development Bank of Singapore (DBS) plans to introduce a smartphone-based mobile banking option for the Indonesian market as a way to further digitalize the banks’ operations and utilize digital innovation to its advantage. Digital transformation is ... ( read original story ...)
Standard Chartered Says Singapore Is a Core Market
Mar.07 -- Judy Hsu, Singapore chief executive officer at Standard Chartered, discusses the bank's turnaround in Singapore, the hiring of more than 1,000 employees last year and her outlook for the bank and the industry. She speaks to Bloomberg's Haslinda ... ( read original story ...)
OCBC Bank launches ‘robo-adviser’ in Singapore
SINGAPORE — OCBC Bank is piloting a robo-advisory service for investors to help them monitor and manage their investments, using an algorithm-based formula. The online platform will offer clients direct advice on balancing investment portfolios without ... ( read original story ...)