Barnabas Gan, Economist at UOB Group, reviewed the latest retail sales figures in Singapore. Key Quotes “Singapore retail sales plunged by another 52.1% y/y in May 2020, a recor ... ( read original story ...)
DBS launches transition financing framework to help ‘less than dark-green’ industries
To bridge the gap between traditional and sustainable financing, DBS’s transition framework will facilitate the move of key industries towards a low-carbon economy. But transition financing ... ( read original story ...)
Covid-19 to ‘Weigh Heavily’ on Singapore’s Economy, PM Lee Says
Prime Minister Lee Hsien Loong said he’s determined to hand over Singapore “intact” and in “good working order” to the next generation of leaders, predicting the coronavirus crisis will “weigh heavily ... ( read original story ...)
China Beverage Firm Wahaha Said to Mull IPO Above $1 Billion
Hangzhou Wahaha Group Co., one of China’s biggest drink makers, is weighing an initial public offering that could raise more than $1 billion, according to people with knowledge of the matter. ( read original story ...)
UPDATE 1-Philippine broadband firm Converge ICT files for up to $725 mln IPO
Philippine fiber broadband services provider Converge ICT Solutions Inc, on Friday filed for an initial public offering (IPO) of up to 35.92 billion pesos ($725 million) on the local bourse, braving ... ( read original story ...)
Singapore May retail sales crash 52.1% in record drop
Singapore total retail sales fell a record 52.1% on a year-on-year basis in May, when the city-state was under a lockdown to prevent the spread of COVID-19 infections, according to data released by ... ( read original story ...)
Banks in Singapore to tighten commodity financing practices after collapse of oil trader Hin Leong
Commodity trade financiers in Singapore are teaming up to improve lending practices and transparency after a spate of defaults.. Read more at straitstimes.com. ( read original story ...)
Coronavirus: Status of Standard Chartered Singapore Marathon will be determined by ‘safe management measures’
A decision on whether the Standard Chartered Singapore Marathon (SCSM) will proceed as planned in December "will be guided by the prevailing safe management measures in Singapore", organisers told The ... ( read original story ...)
DBS, Schroders launch multi-asset fund for retirement income planning
DBS and Schroder Investment Management Singapore (Schroders Singapore) on Friday (July 3) announced the launch of a multi-asset fund for retirement income planning, named Schroder Asia More+.. Read ... ( read original story ...)
Exclusive: Banks to tighten lending practices for Singapore commodity sector – sources
Commodity trade financiers in Singapore are teaming up to strengthen lending practices and improve transparency in the sector following a spate of defaults at trading firms, four sources with ... ( read original story ...)
How Thermal Screening Can Help Detect COVID-19 in the Workplace
As the coronavirus pandemic subsides — whenever that might be — businesses will be figuring out how to reopen in a manner that’s safe for employees as well as for customers. One valuable tool is ... ( read original story ...)
Exclusive: Banks in Singapore in talks to tighten lending practices for troubled commodity sector
Commodity trade financiers in Singapore are teaming up to strengthen lending practices and improve transparency in the sector following a spate of defaults at trading firms, four sources with ... ( read original story ...)
Dollar on defensive as investors await U.S. jobs data
The dollar was on the defensive against more growth-sensitive currencies on Thursday, following upbeat U.S. and European economic data, though worries about the coronavirus blunted more aggressive ... ( read original story ...)
POSB’s animated film on parents’ sacrifices sees 187% increase in lead gen
The film stars POSB’s very own Po family, brought to life in an animated universe, in a children's storybook format. ( read original story ...)
DBS cuts again interest rates on flagship Multiplier savings account
Singapore's largest lender DBS will again this year cut rates on its flagship deposit account from Aug 1 amid a low interest rate environment and macro uncertainties.. Read more at straitstimes.com. ( read original story ...)
Delistings threaten to spoil Singapore exchange’s challenge to HK
But years of delistings outnumbering new joiners have taken their toll, together with a series of corporate failures and the loss of critical trading business to rivals. Some bearish analysts see it ... ( read original story ...)