JAKARTA (Reuters) - Indonesia is investigating reports that $1.4 billion held by Standard Chartered Plc (STAN.L) in Guernsey, mainly on behalf of Indonesian clients, was transferred to Singapore just before the island moved to new tax transparency rules ... ( read original story ...)
DBS Adopts Credit Cycle Approach with Z-Risk Engine to Meet IFRS 9 Regulatory Requirements Ahead of January 2018 Deadline
SINGAPORE--(BUSINESS WIRE)-- DBS, the Singapore-based regional bank, announced today that it is deploying Z-Risk Engine ® (ZRE) to generate forward-looking future credit losses on the bank’s wholesale credit portfolio, as it complies with imminent IFRS ... ( read original story ...)
Amazon Faces Challenge From Malls, Alibaba in Singapore
As Amazon.com Inc. pushes into Southeast Asia with a new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago. Delivery delays ... ( read original story ...)
OCBC, StarHub ink first bank-telco deal in Singapore
Finance Goliath OCBC Bank and telco giant StarHub announced that they will be investing S$6 million over the next year to establish partnerships in several industries and to boost better services and offerings for their customers. Marking the formation of ... ( read original story ...)
Renewed interest in Careers in Banking & Financial Services Among Local Millennials
Banking & Financial Services ... Managing Director of CareerBuilder Singapore. Other survey findings include: Prominent scholarship providers such as the Public Service Commission, the National University of Singapore and Nanyang Technology remains ... ( read original story ...)
OCBC Bank, StarHub form strategic partnership for tie-ups across multiple industries
SINGAPORE - OCBC Bank and infocommunications firm StarHub are investing S$6 million over 12 months "to build networks of partnerships across multiple industries and give customers better services, experiences and offers". OCBC group chief executive Samuel ... ( read original story ...)
StarHub, OCBC Bank invest $4.4M to link industries
Singapore’s second largest mobile operator StarHub and OCBC Bank formed a strategic alliance to drive the country’s collaborative economy, with plans to invest SGD6 million ($4.4 million) over 12 months to build networks of partnerships across multiple ... ( read original story ...)
Singapore stocks pause after logging best week in nine months
Singapore stocks edged lower on Monday as investors took a ... It ended 0.9 percent higher on Friday, taking the year-to-date performance to about 14 percent. United Overseas Bank gained 1.5 percent, Overseas-Chinese Banking Corp gained 0.1 percent and ... ( read original story ...)
Suspicion mounts over $1.4 billion transfer
Bloomberg first reported that regulators in Europe and Asia were investigating Standard Chartered over the role staff may have played in transferring $1.4 billion of private bank client assets from Guernsey to Singapore before new tax transparency rules ... ( read original story ...)
These 3 Stocks Received Maintained Buy Calls From Local Research Houses
Moreover, MBKE looks at GuocoLand as a proxy for the Singapore market. Maybank Kim Eng Research gives ... of 1.5% quarter-on-quarter and net interest margin increased to 1.66%, UOB Kay Hian Research (UOBKH) expects total fees and commissions to increase ... ( read original story ...)
DBS sees more policy fine-tuning from government in weeks ahead
SINGAPORE: The Development Bank of Singapore (DBS) expects policy fine-tuning from the Indian government -- on the lines of the Goods and Services Tax (GST) -- in coming weeks. According to DBS, incoming high-frequency data are likely to improve. ( read original story ...)
DBS sees more policy fine-tuning from govt in weeks ahead
The index of industrial production for August -- due this week -- is poised to extend gains from July's 1.2 percent, said DBS in its daily economic report on Monday. Singapore: The Development Bank of Singapore (DBS) expects policy fine-tuning from the ... ( read original story ...)
Keppel acquires 50% stake in manager of upcoming US IPO
Keppel Corporation Limited acquired 50% of Keppel-KBS US REIT Management Pte Ltd (Keppel-KBS US REIT Manager), the manager of the pending initial public offering (IPO) of Keppel-KBS US REIT in the Singapore Exchange (SGX). According to a press release ... ( read original story ...)
Garena Gaming Platform Owner Aims to Raise $696 Million in IPO
The Singapore-based company, formerly called Garena, is marketing 49.7 million American depositary shares for $12 to $14 apiece, according to a regulatory filing Friday. Sea was founded by Chinese-born entrepreneur Forrest Li, now a Singapore citizen ... ( read original story ...)
S’porean woman warns of buyer scammer on Gumtree who faked bank transfer
And if you happen to use the Gumtree website, one of Singapore’s more active online classified ads ... Bennet then enacted the next part of his scam, saying that he had made the payment to CitiBank and asked for the phone to be shipped out. ( read original story ...)
3 Companies That Bought Back Their Shares Last Week
Singapore Post Limited (SGX ... Oversea-Chinese Banking Corporation Limited(SGX: O39) Oversea-Chinese Banking Corporation, or OCBC for short, is the longest established local bank and is the second largest financial services group in Southeast Asia ... ( read original story ...)