Singapore’s OCBC Bank has sought a court-appointed supervisor to manage shipping firm Xihe Holdings Pte Ltd and four of its subsidiaries. Xihe Holdings is part of the troubled Singapore-based Lim ... ( read original story ...)
Singapore: Deflation seen unabated in H2 2020 – UOB
Economist at UOB Group Barnabas Gan reviewed the latest inflation data in Singapore. Key Quotes “Singapore’s headline consumer prices fell 0.5% y/y (0.0% m/m nsa) in June 2020 ... ( read original story ...)
Indonesia: Further decline in FDI – UOB
Economist at UOB Group Enrico Tanuwidjaja and Haris Handy reviewed the FDI figures in Indonesia during the April-June period. Key Quotes “Indonesia’s direct investment contrac ... ( read original story ...)
Standard Chartered Bank forecasts Vietnam’s 2020 growth at 3 percent
Standard Chartered Bank expects Vietnam’s growth to slow to a multi-year low of 3 percent this year on soft external demand, with external headwinds set to offset domestic outperformance. ( read original story ...)
Credit Suisse faces US$300 million lawsuit in Singapore over rogue trader
Bidzina Ivanishvili, the biggest victim of a rogue trader at Credit Suisse Group, is suing one of the bank's trusts in Singapore for at least US$300 million (S$415.6 million), opening a fresh front in ... ( read original story ...)
5 best robo advisors to auto-pilot your investments in Singapore
Users can have exposure to 33 global ETFs for regular investments, 6 Singapore/Asia-focused ETFs for its Income ... With a history spanning 85 years and over $30 billion in market capitalisation, UOB ... ( read original story ...)
Singapore Airlines gets $540 mln in funding to manage coronavirus crisis
July 23 (Reuters) - Singapore Airlines Ltd said on Thursday it had secured S$750 million ($541.87 million) of funding against some of its Airbus and Boeing aircraft to shore up liquidity amid ... ( read original story ...)
RPT-OCBC seeks court-led supervision of Lim family’s shipping unit Xihe Holdings – sources
Singapore bank OCBC is seeking a court-appointed supervisor to manage shipping firm Xihe Holdings Pte Ltd and four of its subsidiaries, four sources with knowledge of the court filing said. ( read original story ...)
MP Jamus Lim among seven new faces on Economic Society council
Newly elected Member of Parliament Jamus Lim is among seven new faces on the Economic Society of Singapore's (ESS) council, the society announced yesterday.. Read more at straitstimes.com. ( read original story ...)
Ant Group is taking its IPO to Hong Kong and Shanghai. Why is it skipping New York?
So Ant Financial probably has made a strategic calculation that this is going to be just fine, at least for now, the dual listing in Shanghai and Hong Kong. And the investors are going to find them. ( read original story ...)
Jamus Lim Joins Economic Society Of S’pore’s Council: What Is It And Who Are The New Members?
Franky Tanudjojo, Head of International Banking at Standard Chartered Bank (Singapore) Image Credit: Facebook Tanudjojo is the managing director and head of international banking at Standard Chartered ... ( read original story ...)
Will Hong Kong become like tightly-ruled but stable Singapore?
Limited democracy but high living standards and stability form a trade-off that most Singaporeans seem willing to live with -- and some now suggest rival Asian finance hub Hong Kong can emulate the ... ( read original story ...)
Newly-elected MP Jamus Lim elected to Economic Society of Singapore’s council
SINGAPORE - Newly-elected Member of Parliament Jamus Lim is among six new faces on the Economic Society of Singapore's (ESS) council, the society announced on Thursday (July 23).. Read more at ... ( read original story ...)
Singapore Stock Market May Recoup Wednesday’s Losses
The Singapore stock market headed south again on Wednesday, one session after it had snapped the three-day slide in which it had dropped almost 35 points or 1.2 percent. The Straits Times Index now ... ( read original story ...)
Singapore’s Tharman calls for ‘activist’ policymaking over big government post-pandemic
Debt-fuelled crisis spending by governments may not last and the wealthy must share the burden to help the less well-off, former finance minister says. ( read original story ...)
Marathon going virtual?
The chances of the Standard Chartered Singapore Marathon (SCSM) taking place this year in its traditional format look increasingly unlikely, as mass participation sports events continue to be ... ( read original story ...)