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 ...)
OCBC joins home loans war among local banks
Many mortgages are pegged to publicly set benchmarks, such as the Singapore Interbank Offered Rate. OCBC's latest offer works out to 0.7 per cent for the first year, 0.65 per cent for the second year, 0.60 per cent for the third year and 0.55 per cent for ... ( read original story ...)
SGX rules at least 5% of mainboard IPOs must go to retail investors, starting May 2
SINGAPORE - The Singapore Exchange (SGX) will mandate all mainboard IPO companies to allocate to retail investors at least 5 per cent, or S$50 million, whichever is lower, of their offer size. The introduction of the minimum IPO allocation is aimed at ... ( read original story ...)
SGX mandates mainboard IPO firms to allot 5% for small investors
It is aimed to facilitate greater retail participation. Singapore exchange announced that it will be mandating all mainboard IPO companies to allocate at least 5% of $50m, whichever lower, to retail investors. According to Chew Sutat, SGX's Executive Vice ... ( read original story ...)
At least 5% of SGX mainboard IPOs to be set aside for retail investors
“We recognise that market forces are dynamic and will continue to monitor the public subscription trends of IPOs to ensure that the minimum allocation amounts are appropriate for the Singapore market,” said Mr Chew. ( read original story ...)
Banking on his new skills
He chose to pursue a Bachelor of Business in Banking and Finance (Double Major), awarded by Murdoch University, at Kaplan in Singapore because of the programme’s ideal duration and flexible study schedule. “With a diploma in banking and finance from ... ( read original story ...)
Singapore millennials look to property for financial security
The latest survey by Manulife found that 68 percent of Singapore millennials plan to purchase property. Despite having the lowest satisfaction with rental yields in Asia, Singapore millennials (those aged between 25 and 34) favour investing in property ... ( read original story ...)
SCB’s regional CEO Anna Marrs visits Bangladesh
Anna Marrs joined Standard Chartered as Group Head of Strategy and Corporate Development in January 2012. Anna has lived and worked primarily in New York, London and now Singapore, where she lives with her husband and two children. She holds an MBA from ... ( read original story ...)
Singapore needs 15,000 rail engineers by 2030: Transport
As it expands its MRT network and improves rail reliability. The Ministry of Manpower is in need of additional 15,000 rail engineers and technicians by 2030, as it grows Singapore's rail network. According to Transport Minister Khaw Boon Wan, LTA and the ... ( read original story ...)
Home loans war between DBS and UOB results in competitive rates
DBS grew its home loan book 10.1 per cent last year to S$64.5 billion. UOB was not far behind, expanding 9 per cent to S$61.5 billion. OCBC Bank, the second largest bank in Singapore, grew its home loan book by 7.3 per cent to S$60.1 billion. Ms Tok said ... ( read original story ...)