Singapore's export-driven economy shrank the most in four years in the third quarter, officials said Friday, as manufacturing sharply contracted on weaker global demand. The city-state, which is regarded as a bellwether for Asia's other trade-reliant ... ( read original story ...)
Singapore shuts Falcon bank unit, fines DBS and UBS over 1MDB
CLEAN AND TRUSTED' Ravi Menon, managing director of Singapore's central bank said in the MAS statement the board and senior management of financial institutions play a pivotal role in keeping Singapore a clean and trusted financial center. "They must put ... ( read original story ...)
Fourth telecom provider on the cards for Singapore
The initial auction will be for establishing potential new entrants to the Singapore telecoms industry, which currently has just three providers. It will be followed by a second auction between the reigning three companies, which are Singtel, StarHub and ... ( read original story ...)
Singapore’s growth miss may be the canary in the coalmine
during the global financial crisis. GDP also contracted 4.1 percent on-quarter, compared with a Reuters poll forecast for 0.3 percent growth. "Singapore being a small open economy, basically we are like a harbinger," Selena Ling, head of treasury research ... ( read original story ...)
Singapore central bank stands pat despite GDP slump, markets bet on more easing
SINGAPORE (Reuters) - Singapore's central bank on Friday held ... Swissco Holdings LTD and Rickmers Maritime. Even the financial industry, which has put the tiny 51-year-old island city on the global map, is under pressure as its once-booming private ... ( read original story ...)