Indonesia's financial authorities are investigating a report that Indonesians with ties to the Indonesian Military (TNI) had wired US$1.4 billion to accounts managed by the UK-based bank Standard Chartered ... $1.4 billion to Singapore from Guernsey ... ( read original story ...)
November 2017 Singapore Savings Bonds is 2.07%
Different people will have different reasons for buying Singapore Savings Bonds. As the current stock market is expensive and most REITs are yielding 6% or less, I find it non attractive to buy into the stock market right now. As such, I have treated the ... ( read original story ...)
OCBC Cycle: Introducing a nutritious alternative to aid recovery
The drink was one of two items prepared by the 16 people who participated in the workshop at the Singapore Sports Institute, part of the lead-up activities ahead of the Nov 18-19 OCBC Cycle. Last week, Lim completed the final session of OCBC Cycle's ... ( read original story ...)
Former IMF economist Taimur Baig joins DBS as chief economist
After a brief stint with the regulator- Singapore Monetary Authroity, former Deutsche Bank Asia economist and IMF economist Taimur Baig will join DBS Bank as Chief Economist and Managing Director for Group Research. Baig has close to 20 years’ experience ... ( read original story ...)
Banking sector must contribute to environmental protection: WWF
“Sustainable banking in ASEAN: addressing ASEAN’s forests, landscapes, climate, water and societies (FLAWS)” by the WWF and the National University of Singapore’s Business School’s Centre for Governance, Institutions and Organisations ... ( read original story ...)
The Centre for Finance, Technology & Entrepreneurship Preps Online Fintech Course
Singapore is described as the leading Fintech hub in Asia ... is Fintech innovation is a global phenomena that knows few boundaries outside of regulatory hurdles. Finance 2.0 will create many new job opportunities as CFTE’s Co-founder, Tram Anh Nguyen ... ( read original story ...)
Beware of lurking ‘opportunist’, warns man who lost $1k while answering call at Yishun ATM
While Stomper Roland’s son was preoccupied with a call, the $1,000 which he had just withdrawn from a POSB ATM machine was taken in a split second. The incident happened at Block 101 Yishun Ring Road on Friday (Oct 6) at around 12.35pm. When Roland’s ... ( read original story ...)
Don’t Track Your Expenses or Budget First. Plot Your Net Worth Instead
Do this for your Citibank, OCBC, UOB, Standard Chartered ... Thus, many of your may own custodian accounts for Singapore shares, or international shares. Go into your brokerage platform, and identify the current market value of your shares. ( read original story ...)
Summer jobs: Average stipend of Rs 1.4 lakh for IIFT students
Few of the brand leaders include HUL, ITC, Goldman Sachs, JPMorgan Chase and Co, Godrej Industries, Marico, Shell, GE, Dabur, Bain Capability Centre, GSK CH, Google, Amazon, Citibank and Axis ... Europe, Singapore and Indonesia. The World Trade ... ( read original story ...)
DBS sees inflation uptick to prompt rate hike
MANILA, Philippines — DBS Bank Ltd of Singapore said the Bangko Sentral ng Pilipinas (BSP) is seen turning hawkish and raising interest rates either in November or December to address overheating risks in the economy. DBS economist Gundy Cahyadi said ... ( read original story ...)
Tencent-backed Southeast Asian gaming platform Sea sets terms for $646 million US IPO
Sea, which is leading online gaming platform in Southeast Asia, announced terms for its IPO on Friday. The Singapore-based company plans to raise $646 million by offering 49.7 million shares at a price range of $12 to $14. At the midpoint of the proposed ... ( read original story ...)
VTB Capital values Russia’s En+ at $9 bln-$12 bln ahead of IPO
The base amount of the deal mentioned by Malkov does not include Singapore's AnAn Group, a strategic partner of China's CEFC, which agreed to purchase global depository receipts (GDRs) during the IPO for $500 million. The IPO will be split between new and ... ( read original story ...)
Explore Stunning Singapore Open Venue Sentosa Golf Club
It’s a busy time for the club with a number of championships, both professional and amateur, in 2018, including the returning SMBC Singapore Open (18-21 January), The HSBC Women’s Champions (1-4 March), The Women’s Amateur Asia Pacific (21-24 ... ( read original story ...)
Standard Chartered Faces Inquiry Over $1.4 Billion Transfer by Indonesians
LONDON — Regulators in Guernsey and in Singapore have opened an inquiry into Standard Chartered over the transfer of about $1.4 billion by clients with links to the Indonesian military. Standard Chartered, which is based in London but does most of its ... ( read original story ...)
MOVES-DBS Bank names new chief economist
Oct 6 (Reuters) - Singapore-based DBS Bank, a unit of DBS Group Holdings Ltd, named Taimur Baig as chief economist and managing director for group research, replacing David Carbon, who is retiring. Baig will report to Timothy Wong, managing director and ... ( read original story ...)
Standard Chartered $1.4bn Guernsey transfer investigated
A $1.4bn (£1.1bn) money transfer between the Guernsey and Singapore offices of Standard Chartered is under investigation by financial regulators. The assets were moved in 2015, before the Channel Island adopted new rules on exchanging tax information with ... ( read original story ...)