HONG KONG/SINGAPORE - Siam Commercial Bank has halted the sale of its ... Li Ka-shing, was in talks with SCB, Thailand's third-biggest lender, on the insurance unit deal. At $3 billion, the deal would have been the largest-ever insurance M&A transaction ... ( read original story ...)
DBS launches instant e-payment service for travel insurance
MSIG Insurance and DBS Bank have announced the launch of Singapore’s first instant electronic payment service for travel insurance claims. The new initiative will reduce the time a travel claim is settled by approximately four days. DBS/POSB account ... ( read original story ...)
MSIG and DBS collaborate for instant travel claim payments
MSIG Insurance and DBS Bank have launched Singapore’s first instant electronic payment service for travel insurance claims. The new initiative will reduce the time a travel claim is settled by approximately four days. DBS/POSB account holders who have ... ( read original story ...)
Singapore to postpone bank capital rules; follows Hong Kong, Australia delays
HONG KONG Singapore's banking regulator has told lenders it will delay by a year the implementation of global rules designed to rein in trading risks - the latest sign that the post-crisis overhaul of the world's banking system may be stalling. The move ... ( read original story ...)
Review: Singapore Airlines First Class Lounge Sydney (And the Secret Shortcut to the Lounge)
American Express, Citibank, Chase, and other banks are advertising partners ... Since we were in Sydney anyway Singapore seemed pretty much close enough, a short-ish flight away and an opportunity to eat some great food. Singapore is one of my favorite ... ( read original story ...)
Singapore consultant returns to McKinsey after just 10 months in banking
McKinsey & Co in Singapore has just rehired veteran financial services consultant Reet Chaudhuri from Standard Chartered. He was at Stand Chart for just 10 months and it was his first role at an international bank. Chaudhuri has joined McKinsey as a ... ( read original story ...)
Singapore finance sector sees boom in tech jobs, even as industry growth slows
SINGAPORE -Never mind numeracy skills. To work in a bank these days, a jobseeker is better off being a designer, digital data analyst or tech developers. The Monetary Authority of Singapore (MAS) said in its annual report last week noted a net increase of ... ( read original story ...)
Singapore, China to step up collaboration on five areas in finance
BEIJING: Singapore and China are working to step up their collaboration in five areas in the financial sector, Singapore’s Deputy Prime Minister Tharman Shanmugaratnam said on Thursday (Jun 29). He was speaking to Singapore media on the last day of his ... ( read original story ...)
Singapore PM to Address Family Feud
Jul.02 -- Singapore Prime Minister Lee Hsien Loong and his two younger siblings are embroiled in a spat that centers on the fate of the house that belonged to their late father, the country’s first prime minister, Lee Kuan Yew. Bloomberg's Haslinda Amin ... ( read original story ...)
Oxley Road: Full text of speech by Finance Minister Heng Swee Keat
SPEECH BY MINISTER FOR FINANCE MR HENG SWEE KEAT IN PARLIAMENT ON JULY 4 ... I also interacted with Mrs Lee, both in Singapore and on several overseas trips. I learnt that both of them, especially Mrs Lee, valued their privacy deeply. ( read original story ...)
MAS on 1MDB scandal: ‘naming and shaming’ a better deterrent than big fines
In addition to penalizing the banks, it also barred several individuals from participating in the Singapore finance industry. Singapore is among at least six countries that launched probes into allegations that nearly $700 million had flowed from the debt ... ( read original story ...)
Singapore’s MAS says not time to ease property curbs
Singapore's central bank says it is not yet time to ease property curbs and the adjustments made by the government in March do not signal an unwinding of the measures. While the property market has stabilised, "it is, however, not time yet to ease the ... ( read original story ...)
Fact or fiction: Anyone can trade in Singapore
As Asia and Singapore becomes increasingly digitised, processes get automated and several industries are disrupted by technology, in particular, finance. From robo advisors to even analysts, there is no denying that finance in Singapore has been disrupted ... ( read original story ...)
‘Blockbuster’ listings to lead strong IPO rebound in this major exchange
"Blockbuster" listings such as NetLink Trust will help Singapore's IPO market to rebound strongly in 2017, according to a Deloitte report The current pipeline brings total funds raised so far this year to 3 billion Singapore dollars ($2.2 billion), nearly ... ( read original story ...)
IPO activity expected to for 2017 expected to surpass 2016
Singapore, 3 July 2017 –Singapore’s Initial Public Offerings (IPOs) have raised US$329 million in H1 2017 according to latest figures by PwC Singapore, published today. The volume of IPO funds raised by the end of 2017 is likely to surpass 2016 levels ... ( read original story ...)
SGX’s IPO volume in 2017 expected to surpass 2016’s: PwC S’pore
SINGAPORE – Initial public offerings (IPO) on the Singapore Exchange (SGX) have raised US$329 million (S$454 million) in the first half of this year, showed figures published on Monday (July 3) by business consultancy PwC Singapore, which said the volume ... ( read original story ...)