HSBC Holdings stormed into the Singapore dollar bank capital market on Thursday with a S$1bn ($722m) additional tier one that notched up a number of firsts, as the issuer took advantage of the liquidity and stability of the currency. By Rashmi Kumar 08:45 ... ( read original story ...)
Tech Startups Can Now IPO At Home, Thanks To A New Partnership And Funding By SGX And IMDA
Although our country has a strong economy, Singapore hasn’t been a particularly attractive place for IPOs, the latest down the list being Sea’s preference for US instead. Startups tend to list in Australia (ASX) instead, due to the perception that ... ( read original story ...)
Here’s How To Score 1-For-1 Drinks, Food Deals & Free Entry At The New Zouk
DBS/POSB cardmembers are now in luck, because you can now have a wild night out without going broke at Zouk and its sister outlets with these crazy deals: Now you no longer have to hobo by the Singapore River for pre-drinks - Red Tail Bar, located ... ( read original story ...)
Higher Open Called For Singapore Stock Market
(RTTNews.com) - The Singapore stock market has tracked higher in back-to-back sessions, gathering more than 30 points or 1 percent along the way. The Straits Times Index now rests just above the 3,235-point plateau and it's looking at another firm lead for ... ( read original story ...)
SGX wants more tech startups to launch IPOs in Singapore
The local stock exchange inked a deal with Infocomm Media Development Authority (IMDA) to create a streamlined pathway for technology firms to leverage private and public capital markets in Singapore more efficiently for expansion. With the signing of the ... ( read original story ...)
Melt Café at Mandarin Oriental, Singapore – 1-For-1 CRAB Buffet, Plus Other Exclusive 1-for-1 Dining Offers
From now till 30 June 2017, HSBC credit card holders can enjoy the 1-For-1 specials from many participating hotels such Mandarin Oriental Singapore, The Westin Singapore, The Fullerton Bay Hotel, InterContinental Singapore, and Hotel Fort Canning. ( read original story ...)
Bank of Singapore to keep hiring in hunt for growth: Bahren
SINGAPORE — Bank of Singapore (BOS), which recently broke into the ranks of Asia’s top 10 private banks, intends to keep hiring more relationship managers and focus on serving a wealthier bracket of customers to keep expanding its assets under management. ( read original story ...)
OCBC rolls out standalone mobile payments app
It will make QR code payments available to 2,500 NETS terminals. Singapore banking giant is furthering its cashless payment service with the launch of its first standalone app dubbed as OCBC Pay Anyone. This app makes QR code cashless payments available at ... ( read original story ...)
DBS Bank to help some Misa Travel customers keep travel plans
SINGAPORE — DBS Bank is working with Cathay Pacific airline to help hundreds of customers left in the lurch following the sudden closure of Misa Travel. The bank had a tie-up with the travel agency — whose licence was revoked on Tuesday (May 30 ... ( read original story ...)
Are Singapore Stocks Expensive Or Cheap Currently?
The logic follows that if a large number of net-net stocks can be found in Singapore’s market at a certain point in time, then stocks would likely be really cheap at that moment. Here’s a chart showing how the net-net stock count in Singapore has ... ( read original story ...)
Singapore Fines Credit Suisse, UOB After 1MDB Probe (Correct)
(Bloomberg) -- Singapore fined Credit Suisse Group AG and United Overseas Bank Ltd. a total of S$1.6 million ($1.2 million) as regulators completed a two-year review of banks involved in fund flows linked to 1Malaysia Development Bhd., or 1MDB. Credit ... ( read original story ...)
Singapore Shares May Turn Lower Again
(RTTNews.com) - The Singapore stock market on Wednesday snapped the three-day slide in which it had fallen lower in three straight trading days, slipping more than 30 points or 1 percent. The Straits Times Index now rests just above the 3,210-point plateau ... ( read original story ...)
Moody’s revises outlook for Singapore banks to stable
SINGAPORE — Moody’s Investors Service has upgraded its outlook to stable from negative for Singapore’s banking system, in a research report released yesterday. The change in outlook reflects improving growth conditions and stabilising commodity ... ( read original story ...)
HSBC Holdings markets Singapore dollar AT1 bonds at 5% area
SINGAPORE, June 1 (IFR) - HSBC Holdings is marketing its first Singapore dollar Additional Tier 1 issue with yield guidance in the 5 percent area. The bank is seeking a benchmark size for the Reg S perpetual non-call five contingent convertible securities. ( read original story ...)
What’s free and what’s not at DBS Marina Regatta 2017
DBS says prices of food items top out at $15, so be sure to eat your fill. 3. Play Dome: $15 per entry Partygoers (above 18 years old) may want to join an exclusive countdown party to ULTRA Singapore on the nights of June 2-3 from 7pm-10pm, featuring ... ( read original story ...)
Correction: Fitch Rates DBS Series 3 EUR750m Covered Bonds ‘AAA’
DBS BESPOKE COVERED BOND RATING CRITERIA Fitch has used the ... House Price Assumptions: Fitch reviewed historical house-price movements in Singapore, determining that the largest house-value declines occurred during the Asian financial crisis in 1998-1999. ( read original story ...)