The Singapore-based global head of digital marketing at Standard Chartered Bank, Damien Cummings, has left the bank in acrimony after accusing the company of breaking promises and of making poor decisions. Cummings joined SCB in mid-2015 but his role has ... ( read original story ...)
Singapore to boost Asia's smart home market
Growth in the region is expected to reach US$115m in 2030. Singapore, amongst other highly-connected economies, will play a vital role in boosting Asia's smart home market, which is expected to reach US$115m in 2030. This would account for 30% of the ... ( read original story ...)
Singapore central bank chief: Policymakers need to keep calm and carry on amid currency swings
Policymakers will have to accept that their currencies will depreciate against the greenback as the U.S. begins its tightening cycle, Ravi Menon, Singapore's central bank chief, said on Monday. His comments came as currencies across Asia have tumbled in ... ( read original story ...)
Singapore Forex Traders Admit Cheating On Deutsche Bank, HSBC
Former Deutsche Bank trader Toh Hway Khuan and HSBC senior dealer Ivan Chng have pleaded guilty in separate hearings today. Both have admitted to using their banks’ accounts in 2009 to get preferential rates on the dollar. The cases are unrelated. ( read original story ...)
Some DBS customers can now skip forex fees, conversion charges for overseas spending
SINGAPORE - Some holders of DBS' Visa Debit Card will now be able to spend overseas in the country's local currency while avoiding high foreign exchange and conversion fees. This is possible if their Visa debit card is linked to a DBS Multi-Currency ... ( read original story ...)
New DBS scheme allows customers to save on FX fees
SINGAPORE — Travelling overseas or shopping on overseas-based online stores? Some DBS debit card owners can now save on additional charges such as merchant and foreign exchange conversion fees when making electronic payments in 12 currencies from ... ( read original story ...)
Singapore December exports jump on back of 40% rise in China shipments
An aerial view of shipping containers stacked at the port of Singapore February 14, 2012. REUTERS/Edgar Su/ Singapore exports in December rose 9.4 percent on the back of a rebound in the shipment of both electronic and non-electronic goods. Figures ... ( read original story ...)
10 leading companies from Singapore
This has enabled Singapore to become home to firms that are world leaders in sectors as diverse as banking, telecommunications, and even food processing. Here, then, is a brief description of the country’s 10 leading companies based on total revenue ... ( read original story ...)
Several duped by phishing emails since start of the year: Police
the Singapore Police Force (SPF) said in an advisory on Tuesday (Jan 17). Victims would receive an email purportedly from their bank informing them that someone had logged into their Internet banking account. Recipients would then be prompted to verify the ... ( read original story ...)
Will bad loans continue to haunt Singapore banks this year?
It will slow down and the impact will be manageable, says Moody's. Singapore's three largest banks, DBS Bank Ltd., Oversea-Chinese Banking Corp Ltd, and United Overseas Bank Limited, face continued downward pressure on their solvency metrics of asset ... ( read original story ...)
Moody's: Singapore banks will weather through further weakening in asset quality
Moody's Investors Service says that Singapore's three largest banks - DBS Bank Ltd. (DBS, Aa1/Aa1 stable, a1), Oversea-Chinese Banking Corp Ltd (OCBC, Aa1/Aa1 stable, a1) and United Overseas Bank Limited (UOB, Aa1/Aa1 stable, a1) - face continued downward ... ( read original story ...)
Asian private banks target next generation of super-rich
The natural optimism of the seasoned Asian private banker has been hard to dent. It has withstood the implosion of BSI in Singapore, the private banking operation found culpable of anti money laundering failings, and the continuing problem that Asia has ... ( read original story ...)
SBI hits overseas debt market with $500 million five-year bond sale
The money will be raised through its London branch and will be listed on the Singapore Exchange,” two investment banking sources told PTI here today. When contacted State Bank refused to comment citing confidentiality clause as the market moving nature ... ( read original story ...)
Greenpeace calls HSBC out on financing deforestation
Singapore-listed Noble Group, and Korea’s Posco Daewoo Corporation. By financing these companies, HSBC is violating its own policies on responsible lending, said Greenpeace. Annisa Rahmawati, senior forest campaigner, Greenpeace Southeast Asia ... ( read original story ...)
Singapore Market May Test Support At 3,000 Points
(RTTNews.com) - The Singapore stock market headed south again on Monday, one session after it had snapped the two-day slide in which it had surrendered more than a dozen points or 0.4 percent. The Straits Times Index now rests just beneath the 3,015-point ... ( read original story ...)
Singapore December exports jump 9.4 pct y/y, top expectations
SINGAPORE (Reuters) - Singapore's non-oil exports rose more than expected in December from a year earlier as shipments to China jumped, official data showed on Tuesday, Non-oil domestic exports (NODX) last month rose 9.4 percent from a year earlier, the ... ( read original story ...)