Singapore now has the highest number of cases in Southeast ... JAPANESE EXPORTS SINK: Japanese exports sank 11.7% in March as the pandemic slammed auto shipments to the U.S. The Finance Ministry said ... ( read original story ...)
Forerunners, stars, and budding newcomers in Asean’s corporate governance scene
Singapore followed closely and introduced ours in 2001 ... They introduced their CG Code in the last 5 to 8 years, in time to catch on with the IPO fever which sees many of their larger ... ( read original story ...)
Coronavirus pandemic could weigh on mergers, IPOs longer than Sars, deal makers say
As the severe acute respiratory syndrome (Sars) epidemic reached its height in 2003, corporate finance activity fell sharply with the volume of initial public offerings (IPO) dropping to levels not ... ( read original story ...)
Singapore Cases Keep Rising; Europe Outbreak Eases: Virus Update
Signs of easing in the global pandemic emerged as hot spots in Europe reported the smallest increases in fatalities in weeks, while New York appeared to be “on the other side” of the outbreak.The Worl ... ( read original story ...)
Singapore oil trader hid US$800 million of losses before collapse that stuns lenders including HSBC, DBS
The trader’s troubles have rippled through the oil trading community in Singapore, one of the world’s most important oil markets and the biggest ship fuelling hub. Asian banks from DBS to HSBC are ... ( read original story ...)
Foreign Workers Are Safer in Singapore, Minister Says
Foreign workers in Singapore know they are currently safer in the city-state than elsewhere including their own countries, a minister said, even as a massive coronavirus outbreak among that community ... ( read original story ...)
Singapore giant oil trader Hin Leong failed to declare $1.14 billion losses
Three Singapore banks — DBS Group, OCBC Bank and United Overseas Bank — have a combined exposure of at least US$600 million. DBS has the highest exposure at around US$290 million, OCBC Bank is owed ... ( read original story ...)
Foreign Workers in Singapore Are Safer Here, Minister Says
Foreign workers in Singapore know they are currently safer in the city-state than elsewhere including their own countries, a minister said, even as a massive coronavirus outbreak among that community ... ( read original story ...)
Singapore giant oil trader Hin Leong said to have failed to declare $1.14 billion losses
Three Singapore banks — DBS Group, OCBC Bank and United Overseas Bank — have a combined exposure of at least US$600 million. DBS has the highest exposure at around US$290 million, OCBC Bank is owed ... ( read original story ...)
Standard Chartered donates $1m to help Singapore community respond to Covid-19
SINGAPORE (THE BUSINESS TIMES) - Standard Chartered has made a $1 million donation in Singapore as part of its US$50 million (S$71 million) global assistance fund to help communities deal with ... ( read original story ...)
Singapore giant oil trader Hin Leong, Ocean Tankers apply for court protection from creditors
HSBC is the bank with the biggest exposure to Hin Leong at US$600 million, followed by ABN Amro at US$300m. Three Singapore banks - DBS Group, OCBC Bank and United Overseas Bank - reportedly have a ... ( read original story ...)
Singapore’s Temasek rebuts claim CEO Ho Ching gets S$100 million salary
Temasek manages a portfolio that’s valued at S$313 billion as of March 2019. It’s the biggest stakeholder in half of the country’s 10 largest companies by market value, including flag-carrier ... ( read original story ...)
Singapore stock watch: Singapore banks see surge in loan applications from small businesses
SINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their shares on Thursday (April 16): DBS, OCBC, UOB: Singapore's Big Three banks saw a surge in ... ( read original story ...)
Singapore Cases Surge, Germany’s Rise Most in Week: Virus Update
President Donald Trump said the U.S. has enough testing capacity to allow for a phased reopening of the economy, and that he’s “not happy” with China over the country’s early actions to deal with the ... ( read original story ...)
Sustainability, data key to survival for new players eyeing Singapore’s digital bank market
Singapore last June announced plans to issue up to five digital bank licenses as part of efforts to add market diversity and boost the banking system in the country, as it looked to become a digital ... ( read original story ...)
Coronavirus: Sports Hub’s OCBC Arena, selected ActiveSG indoor halls to house foreign workers
the Singapore Sports Hub and national agency Sport Singapore (SportSG) will use some of their venues to accommodate foreign workers who provide essential services, and do not have Covid-19 symptoms. ( read original story ...)