In 2017, the Monetary Authority of Singapore introduced a new financial instrument called ... For example, they might just be taking on loans for home renovations or to finance their startups. However, there's not enough evidence to rule out the ... ( read original story ...)
Women Rule the Rarefied World of Asia Private Banking
At UBS, the top private bank by assets under management in Asia, the ratio of female to male private bankers in the region is now 60:40. What's driving this shift? Part of it is historical. Until Singapore and Hong Kong decided to make wealth management a ... ( read original story ...)
SCB links with Julius Baer on wealth management venture
It will also have an office in Singapore. SCB yesterday informed the Stock Exchange of Thailand about the joint venture project. Asked whether they will expand to other countries, Arthid said that they will focus on the Thai market first and if that ... ( read original story ...)
HSBC launches Singapore-dollar income bond fund for local retail investors
SINGAPORE - HSBC Global Asset Management on Thursday (March 8) said it has launched its first dedicated Singapore-dollar (SGD) income bond fund for retail investors in the Republic. The minimum investment sum stands at S$1,000, and investors may buy into ... ( read original story ...)
DBS prices A$750m floating-rate notes due 2028
SINGAPORE - DBS Group Holdings on Thursday said it has priced the issue of its A$750 million (S$771 million) floating-rate subordinated notes due 2028, at a three-month bank bill swap reference rate, plus 1.58 per cent per annum. The notes may also be ... ( read original story ...)
HSBC launches Singapore-dollar income bond for local retail investors
SINGAPORE - HSBC Global Asset Management on Thursday (March 8) said it has launched its first dedicated Singapore-dollar (SGD) income bond for retail investors in the Republic. The HSBC Global Investment Funds Singapore Dollar Income Bond, an Asia-focused ... ( read original story ...)
OCBC Bank prices £250m floating rate covered bonds due 2023
SINGAPORE - OCBC Bank said on Thursday (March 8) that it has priced £250 million (S$457 million) floating rate covered bonds due 2023. The covered bonds will bear interest at the three-month sterling Libor reference rate plus 0.27 per cent per annum ... ( read original story ...)
CIMB launches cross-border banking between Malaysia and Singapore
CIMB Bank Berhad and CIMB Islamic Bank Berhad (CIMB) have launched their cross-border solutions for their customers with CIMB accounts in Malaysia and Singapore. With their CIMB conventional or Islamic accounts in both countries, customers are able to ... ( read original story ...)
JD.com backs Sasseur REIT’s Singapore IPO
SINGAPORE (March 7): Sasseur REIT’s S$396 million (US$301 million) Singapore Exchange IPO has attracted a list of 13 cornerstone investors, one of the highest in an SGX IPO in recent times. JD.com, China’s largest e-commerce company by revenue, will be ... ( read original story ...)
NeoXam to support UOB’s FRTB and BCBS239 market data requirements
NeoXam, a leading financial technology company, announces that it has been selected by United Overseas Bank (UOB) in Singapore to support its group wide market data management efforts in line with incoming regulations, such as FRTB (Fundamental Review of ... ( read original story ...)
Singapore Optimises National Cash Infrastructure By Turning Stores Into ATMs
Partnership with DBS, POSB and Standard Chartered To date, soCash has partnered with Singapore’s major banks, DBS, POSB and Standard Chartered to provide digital cash points island-wide; reducing the cost for banks while making cash more easily ... ( read original story ...)
soCash puts the heat on ATM machines as Singapore digitises
The fintech start-up aims to turn ordinary stores into cashpoints. soCash said in a statement that it has partnered with Singapore's major banks, DBS, POSB, and Standard Chartered to provide digital cash points island-wide. It is reducing costs for banks ... ( read original story ...)
Singapore Bourse May Reclaim 3,500-Point Level
The Singapore stock market on Tuesday ended the five-day losing streak in which it had tumbled more than 120 points or 3.5 percent along the way. The Straits Times Index now rests just above the 3,490-point plateau and it may add to its winnings on Wednesday. ( read original story ...)
BlackRock, Soros may invest in Deutsche’s asset management IPO: source
The sovereign funds include Singapore's Temasek [TEM.UL] and Saudi Arabia's Public Investment Fund (PIF), the person said. Deutsche Bank is finalizing plans for the IPO of the asset management business, known as DWS, that have been a year in the making. ( read original story ...)
Smartphones Nearly Killed This Singapore Stock. Elon Musk Saved It
The stock is near its highest since 2006, reached in January this year, having surged 128 percent in the past 12 months. The company now has a market capitalization of ... s shares rose 5.5 percent to S$1.54 in Singapore on Tuesday, while the benchmark ... ( read original story ...)
Bargain Hunting Expected To Boost Singapore Shares
The losing streak has hit five sessions now for the Singapore stock market, which has plummeted or 3.5 percent in that span. The Straits Times Index now rests just beneath the 3,484-point plateau although it's expected to rebound on Tuesday. The global ... ( read original story ...)