SINGAPORE (June 7): Phillip Capital and CGS-CIMB Research are initiating positive coverage on both APAC Realty and PropNex, the two main market players within Singapore’s real estate brokerage sector. ... ( read original story ...)
Singapore CEOs less bullish on revenue growth than global peers
32% of Singapore CEOs understand the mandate to do so, and highlighted that taxation is no longer limited to management by the finance and tax team. Amidst growing risks, Singapore CEOs seek merger ... ( read original story ...)
Former bank officer jailed after taking more than $200k from accounts of two elderly clients
SINGAPORE - A former bank relationship manager was sentenced on Thursday (June 6) to three years and 10 months' jail after making off with more than $200,000 from two elderly clients. Liaw Tick Kwan, ... ( read original story ...)
Jail for DBS employee who cheated elderly bank customers of more than S$200,000
SINGAPORE: A relationship manager at DBS Bank who cheated two bank customers, gaining more than S$200,000 for himself, was jailed for three years and 10 months on Thursday (Jun 6). Liaw Tick Kwan, 37, ... ( read original story ...)
DBS helps SMEs in the retail and F&B sectors reduce cost of managing cash
SINGAPORE (June 4): DBS says that digital transactions from its SME customers have increased by 70%, while transaction value has increased by 25%, since the bank launched DBS MAX, Singapore’s first ... ( read original story ...)
Yoma well placed to tap into Myanmar’s potential economic growth, says DBS
SINGAPORE (June 4): DBS Group Research believes Yoma Strategic Holdings is well placed to tap into Myanmar’s potential economic turnaround, with its diversified portfolio in the property, consumer and ... ( read original story ...)
3 Singapore Blue-Chips That Carried Out Big Share Buybacks in May
Here, I’ll look at three Singapore blue-chip companies that bought back significant amounts of their own stock in May. DBS Group Holdings Ltd (SGX: D05) The first blue-chip that bought back its own ... ( read original story ...)
A war hero, Singapore River and gold: Details of the bicentennial S$20 note
If you are looking to get your hands on these new notes, two million pieces of the currency will be available from Monday (Jun 10) at: DBS Bank/POSB, Oversea-Chinese Banking Corporation, United ... ( read original story ...)
SPH kept at ‘buy’ by UOB as Chinese students look towards the UK for higher education
SINGAPORE (June 6): UK universities could benefit from the US-China trade war that has prompted China to issue an official warning to students hoping to study in US universities, says UOB KayHian. ... ( read original story ...)
Traditional sectors dominate Asia’s IPO market in May
Eagle Hospitality Trust and ARA US Hospitality Trust were the two largest IPOs, and both of them listed on the Singapore Exchange. The charts below are compiled using data from Dealogic as of May 31. ... ( read original story ...)
New $20 note launched to commemorate Singapore’s Bicentennial
Two million pieces of the commemorative note will be available for public exchange at face value at branches of nine major retail banks in Singapore from 10 June onwards. The banks are: DBS Bank/POSB, ... ( read original story ...)
Union Bank of the Philippines Receives Five Awards at the 2019 Frost & Sullivan Best Practices Awards
SINGAPORE, June 4, 2019 /CNW/ -- Union Bank of the Philippines is to receive five Awards at the annual Frost & Sullivan Asia-Pacific Best Practices Awards banquet, to be held at the Shangri-La ... ( read original story ...)
Standard Chartered to Launch FX eTrading Engine in Singapore
Standard Chartered Bank, a British multinational banking and financial services company headquartered in London, is planning on launching a foreign exchange (forex) electronic trading and pricing ... ( read original story ...)
Police took at least 7 years to charge Singapore PR for money laundering
Citibank then transferred US$27.2 million to various accounts before the fraud was discovered. Part of the stolen money was then laundered through Singapore, which was seized from the relevant bank ... ( read original story ...)
Nigerian businessman, Amos Paul Gabriel bags 3-year imprisonment in Singapore over multi-million dollar money laundering scheme
47-year-old Nigerian man Amos Paul Gabriel, involved in a scheme to swindle Citibank in New York City has been jailed and fined by a Singapore court for money laundering and other offences. Gabriel, a ... ( read original story ...)
CGS-CIMB keeps UOB as top bank sector pick despite underperforming NIM expansion
SINGAPORE (June 3): CGS-CIMB Research is keeping United Overseas Bank (UOB) as its top pick among the Singapore banks, despite the bank’s NIM expansion underperforming compared to its peers. According ... ( read original story ...)