Singapore's economic crime unit and city prosecutors have interviewed current and former Goldman Sachs executives who worked on bond offerings from 1Malaysia Development Bhd, Bloomberg reported. 1MDB, founded by Malaysian Prime Minister Najib Razak ... ( read original story ...)
COMMENT: Singapore’s Brexit fallout bid shows true fighting spirit
It’s also promising the use of distributed ledgers for interbank payments and trade finance. Singapore hopes these innovations will form the bedrock for its many ambitions. The city-state wants to be everything from a capital-raising hub to Asia’s ... ( read original story ...)
DBS Can Be Singapore’s Ant
Forget the lending book. Dismiss the wealth-management aspirations. It's DBS Group Holdings Ltd.'s embrace of technology that could be the next big driver of shareholder returns at Southeast Asia's biggest lender. DBS's announcement Thursday that it now ... ( read original story ...)
UOB hires from DBS (again) for expanding team in Singapore
Alvin Wong has joined as a director in structured finance within UOB’s Singapore-based global financial institutions group (GFIG). The structured finance GFIG team is headed up by Wong’s former DBS colleague Simon Tan, who moved to UOB in July ... ( read original story ...)
Veteran banker Wee Cho Yaw to retire from UOB board
SINGAPORE — Dr Wee Cho Yaw, 88, chairman emeritus of United Overseas Bank (UOB), will retire from the UOB board and relinquish all his responsibilities there after 60 years with the bank. As part of the changes to the board announced by UOB on Thursday ... ( read original story ...)
DBS launches world’s largest banking API developer platform
SINGAPORE - DBS on Thursday (Nov 2) launched the world's largest banking API (application programming interface) developer platform, boasting of more than 50 successful collaborations to date. The APIs allow other brands, corporates, fintechs and software ... ( read original story ...)
Wee Cho Yaw to retire from UOB board
... Bank veteran Wee cho Yaw - one of the giants of Singapore's financial service indusrtry - is retiring after 60 years with the company. Mr Wee, who who turns 89 in January, will step down from the UOB board at the annual shareholders' meeting in April ... ( read original story ...)
UOB nominates Wong Kan Seng to succeed Hsieh Fu Hua as chairman
SINGAPORE: United Overseas Bank (UOB) announced on Thursday (Nov 2) that former deputy prime minister Wong Kan Seng has been nominated to succeed incumbent independent non-executive chairman Mr Hsieh Fu Hua, 67, who will be retiring next year. Mr Wong ... ( read original story ...)
The Stock Market Creates Billionaires
Jeff Bezos brought Amazon.com to the stock market in 1997, and the company was valued at slightly ... to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of Amazon.com. ( read original story ...)
10 Biggest Stock Exchanges In The World: Here’s How Much They’ve Gained In 2017
including Singapore’s SGX. Here’s a look at the top 10 stock exchanges in the world and how they’ve fared so far in 2017. At a market capitalisation of over US$30 trillion a nd with over 2,400 companies listed on its board, the NYSE represents nearly ... ( read original story ...)
Asian Markets Mostly Lower as Market Waits Next Fed Leader
SEOUL, South Korea — Asian stock markets were mostly lower on Thursday ... to assess future monetary policy shifts," said Margaret Yang Yan, a market analyst at CMC Markets in Singapore. "Current Fed governor Jerome Power is believed to be the most ... ( read original story ...)
Trendlines incubator raises $10.3m in Singapore offering
The Trendlines Ltd. (SI:42T) incubator has announced that it raised $10.3 million on the Singapore stock exchange. The company's existing ... a 13% discount on the market price on the day of the offering. Despite the discount, the company's share rose ... ( read original story ...)
Tencent’s 2,636 per cent rally in a decade explains why Asia’s stock boom is different this time around
Tencent, which added more than US$400 billion of market value over the past decade, has been one of the largest beneficiaries of China’s shift. While the Shenzhen-based firm still earns a big chunk of its profits from online games, much of the stock’s ... ( read original story ...)
The Case Of PetroChina, The Worst Stock Slump Ever
By dollar amount at least, the loss of $800 billion of market value represents the ... But investors hoping for a rebound in PetroChina's stock may want to reconsider, at least according to Toshihiko Takamoto, a Singapore-based money manager. ( read original story ...)
Asian markets mixed as market await next Fed leader
SEOUL, South Korea (AP) -- Asian stock markets were mixed on Thursday as investors ... assess future monetary policy shifts," said Margaret Yang Yan, a market analyst at CMC Markets in Singapore. "Current Fed governor Jerome Power is believed to be the ... ( read original story ...)
SE Asia Stocks-Indonesia hits record high; Singapore drops 1 pct
For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS AS AT 0421 GMT Market Current Previous Pct Move close Singapore 3365.75 3391.61 -0.76 Bangkok 1713.07 1714.55 -0.09 Manila 8506.59 8365.26 1.69 Jakarta 6081.47 6038.146 0.72 Kuala Lumpur 1740.25 1743 ... ( read original story ...)