32 years ago, Singapore’s leading local banks back then – DBS Bank Ltd, Keppel Bank, OCBC Bank, OUB, POSB, Tat Lee Bank and United Overseas Bank Limited – founded Network for Electronic Transfers (NETS). The aim was to establish a debit network and ... ( read original story ...)
Nine in 10 Singapore SMEs successful in securing debt financing: Spring Singapore survey
Spring Singapore added that a top finance-related challenge for SMEs was managing delays in customers' payment which affected cash flow and working capital management. ( read original story ...)
Singapore – MAS Issues Guide To Digital Token Offerings.
On 14 November 2017, the Monetary Authority of Singapore (“MAS”) issued a guide to digital token offerings which provides general guidance on the application of securities laws in Singapore, in particular the Securities and Futures Act (“SFA”) and ... ( read original story ...)
Watson Farley seals new Singapore alliance after calling time on previous joint law venture
Wong is a banking and finance lawyer while Lim specialises in litigation. The firm, which has six directors, focuses on corporate and banking, litigation and arbitration and real estate. The deal hands Watson Farley a full-service Singapore law practice ... ( read original story ...)
‘Chennai 2 Singapore’ review: Spoofing romance
Chennai 2 Singapore is a non-serious attempt at making an adventure ... his Singaporean cameraman friend (Rajesh Balachandiran), to finance his girlfriend Roshini’s (played by Anju Kurian) cancer treatment. But, let the film’s plot not fool you ... ( read original story ...)
Singapore Online Insurer announces 200% YoY Revenue Growth from Online Sales
Etiqa is the first insurer to integrate with ‘MyInfo’, a digital data vault launched by Government Technology Agency of Singapore (GovTech) and the Ministry of Finance. With this, over 3.3 million consumers on SingPass can purchase insurance in record ... ( read original story ...)
Singapore: The choice of a new generation
Singapore Airlines, Nok Airlines PLC and Park Hotel Group. The summit took premiered new showcases from the all-new Finance industry sector track – bringing together retail banks, private wealth management, personal finance, fintech start-ups and ... ( read original story ...)
KL-Singapore High-Speed Rail to run 4 trains every hour when operations commence in 2026
MyHSR, which falls under the umbrella of Malaysia’s Ministry of Finance, is collaborating with the Land Transport Authority on the project. Out of the 350km line, only 15km will be in Singapore, The Straits Times noted. The project is scheduled to start ... ( read original story ...)
TransferTo and Fern Software Awarded Grant during the Singapore Fintech Festival
The grant has been awarded as part of the United Nations Capital Development Fund (UNCDF) Shaping Inclusive Finance Transformations (SHIFT) Challenge Fund Titled ‘Linking remittances as a catalyst for financial inclusion and women’s economic empowerm ... ( read original story ...)
Singapore’s million-dollar HDB hotspots
In this article, we delve deeper into the prices, locations and transaction volumes of these “million-dollar” flats. Singapore’s million-dollar HDBs hotspots Bishan and Toa Payoh “Hot areas” such as Bishan and Toa Payoh consistently attract ... ( read original story ...)
Sense of underlying unease in Indian market, says DBS Bank
Singapore's DBS Bank said today. While the equity markets and rupee have held their ground, the "cautious mood" is most palpable in the debt markets, the multinational banking and financial services corporation said in a daily market report. DBS noted that ... ( read original story ...)
Singapore issuers raised $5.66b from 35 IPOs in 2017
It's the highest in 13 years. Singapore issuers smashed a 13-year record when they raised $5.66b (US$4.2b) from 35 initial public offerings (IPO) in both domestic and international exchanges, Ernst & Young LLP (EY) revealed. According to its global IPO ... ( read original story ...)
Singapore seeks input on upcoming budget
SINGAPORE: Singapore’s Ministry of Finance has launched its annual consultation on tax and spending proposals to be included in this year’s Budget. The public can provide views through various channels, including at public events being held up until ... ( read original story ...)
Explained: Singapore’s Official Secrets Act
If there is one “secret” that you should uncover for yourself, then that is Singapore’s Official Secrets Act (OSA). Enacted to prevent the disclosure of official documents and information, the 19 sections in the OSA describe what such disclosure ... ( read original story ...)
Singapore stocks fall along with Asia; DBS, UOB drop
Singapore shares fell for a second session on Friday, with financials such as United Overseas Bank and DBS Group accounting for most of the losses. Asian shares edged lower, tracking Wall Street overnight amidst concerns about the progress of U.S. tax reform. ( read original story ...)
Singapore home property prices to rise faster over next 2 years, says Goldman Sachs
SINGAPORE (Dec 13): Goldman Sachs says residential property prices in Singapore could beat previous expectations and increase by 5% per annum in 2018 and 2019. Goldman Sachs had previously forecast that home prices would rise by between 1 to 3% per annum ... ( read original story ...)