The Swiss Finance Minister recently said that as Singapore and Switzerland are not fintech competitors it is important to have a good working relationship between the two countries. Speaking to Channel NewsAsia, Swiss Finance Minister Ueli Maurer, said ... ( read original story ...)
Standard Chartered Singapore Marathon Gets Under Armour as the New Apparel Sponsor and a New Name
The Standard Chartered Singapore Marathon (SCSM) today announced its bid to join six of the largest and most renowned marathons in the world - London, Berlin, New York, Chicago, Tokyo and Boston - as an Abbott World Marathon Majors (WMM) event. The ... ( read original story ...)
OCBC not sure worst of oil and gas NPL woes over
SINGAPORE: OCBC tackled concerns over bad loans, high expenses and dividends at its annual general meeting (AGM) on Friday. More than 1,200 shareholders attended the AGM at the Sands Expo and Convention Centre, where several asked if the bank was past the ... ( read original story ...)
OCBC faces shareholders questions on NPLs, executive pay at AGM
SINGAPORE - OCBC faced questions on asset quality outlook and rising costs at its latest annual general meeting on Friday (Apr 28). All three Singapore banks were impacted by their non-performing loan (NPL) exposure to the oil and gas sector. This remained ... ( read original story ...)
Singapore's UOB shares up after earnings beat expectations
Shares of Singapore banks led gains in the city state's benchmark index Friday after United Overseas Bank (UOB) reported better than expected first quarter earnings. In a pre-market filing to the Singapore Exchange, UOB said its first quarter net profit ... ( read original story ...)
Customers in short supply at HSBC's Pearl River Delta branches, core of China plan
The (China) strategy should be pursued – but it is only one of many strategies for HSBC," said Hugh Young, Singapore-based fund manager at Aberdeen Asset Management, HSBC's 6th-largest shareholder. And what figures the bank has disclosed for 2016 are ... ( read original story ...)
Empty Pearl River Delta branches a check on HSBC's China plan
The (China) strategy should be pursued – but it is only one of many strategies for HSBC," said Hugh Young, Singapore-based fund manager at Aberdeen Asset Management, HSBC's 6th-largest shareholder. And what figures the bank has disclosed for 2016 are ... ( read original story ...)
Standard Chartered Marathon bids to join World Marathon Majors
SINGAPORE: The Standard Chartered Singapore Marathon (SCSM) announced its bid to join six of the largest and most renowned marathons in the world as an Abbott World Marathon Majors (WMM) event on Thursday (Apr 27). The WMM, which started in 2006 ... ( read original story ...)
Singapore Stock Market May Run Out Of Steam
The Singapore stock market has finished higher in five consecutive trading days, climbing more than 45 points or 1.5 percent along the way. The Straits Times Index now rests just beneath the 3,175-point plateau although the market is ripe for profit taking ... ( read original story ...)
More Chinese firms are saying goodbye to Singapore's stock market
More Chinese companies listed in Singapore, or S-chips, are exiting the SGX. S-chips led the Singapore IPO scene about a decade ago, but their reputation was tarnished by a few accounting scandals. SGX said the departures have not affected its appeal and ... ( read original story ...)
Singapore c.bank sees modest GDP growth, demand-driven price pressures subdued
* GDP seen growing 1-3 pct in 2017 vs 2 pct in 2016 * Headline inflation seen at 0.5-1.5 pct in 2017, core at 1-2 pct * Water price shock seen adding 0.1 percentage point to inflation SINGAPORE, April 27 (Reuters) - A slack labour market, falling business ... ( read original story ...)
Singapore stocks gain on real estate, banking rally,Malaysia shares hit 2-year high
SINGAPORE (Nikkei Markets) -- Singapore shares rose for the fifth day on Wednesday, helped by a rally in real estate and banking stocks. Equities in Malaysia, tracking overnight gains in Wall Street, climbed to fresh two-year highs. U.S. stocks gained for ... ( read original story ...)
Singapore aims to drive innovation with $1B fund
The Makara Innovation Fund (MIF) was set up by the Intellectual Property Office of Singapore (Ipos) and Makara Capital, which was a fund management firm under the purview of the Monetary Authority of Singapore. The new fund would "target high-growth ... ( read original story ...)
Citibank Adds Jet Airways as a Points Transfer Partner
Premium Citibank ThankYou Rewards cards — like the Citi Prestige Card and Citi ThankYou Premier Card — let you transfer their points to airline miles and hotel programs. Star Alliance: Singapore Airlines KrisFlyer, EVA Air Infinity MileageLands ... ( read original story ...)
India's Jubilant Weighs Singapore IPO of Pharma Unit
Jubilant Life Sciences Ltd., a roughly $2 billion India-based drug company, is considering a Singapore initial public offering of its pharmaceuticals subsidiary, according to people with knowledge of the matter. Singapore-based Jubilant Pharma Ltd. has ... ( read original story ...)
Win Streak May Continue For Singapore Stock Market
(RTTNews.com) - The Singapore stock market has moved higher in four straight sessions, climbing more than 35 points or 1.1 percent along the way. The Straits Times Index now rests just beneath the 3,165-point plateau and the market may extend its winning ... ( read original story ...)