SINGAPORE — Singapore is not expecting a full-year recession ... Heng said in a Facebook post on Friday (12 July). Heng, who is also the Finance Minister, said the latest advance GDP estimates ... ( read original story ...)
One-third of people in Singapore see investing as a form of gambling: OCBC study
SINGAPORE — About 33 per cent of people in Singapore think of investing as a form of gambling, indicating that many lag behind when it comes to growing their wealth and preparing for retirement, ... ( read original story ...)
Singapore or Hong Kong. Who will win the virtual banking race?
Singapore is following in the footsteps of Hong Kong with its disruption of the city’s banking system. The development of virtual banking is likely to bring vitality to the economy and could even ... ( read original story ...)
Singapore economy: leaders ease recession fears as US-China trade war bites
Ex-Singapore finance chief Tharman Shanmugaratnam shortlisted for IMF top job, but will Europeans hand over the title? Heng, also finance minister, said the data reflected “heightened uncertainties ... ( read original story ...)
Singaporeans taking small steps in long road to financial wellness: OCBC
SINGAPORE (July 15): The good news is that while the average Singaporean has embarked on his journey towards financial wellness, it’s going to take some time for him to reach his destination. This is ... ( read original story ...)
Singapore’s Top Performing Stock Under Siege After Budweiser Shelves IPO
Thai Beverage PCL’s crown as top performer in Singapore this year is under siege after rival Anheuser-Busch InBev NV shelved the initial public offering of its Asian unit to raise up to $9.8 billion. ... ( read original story ...)
Wilmar’s proposed China IPO moves forward with subsidiary’s Shenzhen listing
Meanwhile, Wilmar has obtained approval from the Singapore Securities Exchange Trading (SGX-ST) for the restructuring and spin-off of YKA as part of the proposed IPO. ... ( read original story ...)
Keppel Capital, KBS File for $813M IPO of US REIT in Singapore
Keppel Capital, together with partners from the US and Singapore, has filed the final paperwork to launch a $813 million Singapore IPO of a set of US commercial properties. according to a stock market ... ( read original story ...)
REIT IPOs lack institutional support and liquidity, say REITAS office bearers
Market observers have indicated that part of the problem stems from the way investment bankers market REIT IPOs. The Singapore Exchange saw two REIT IPOs in May with the listing of ARA US Hospitality ... ( read original story ...)
Investors searching for yield should buy this sector in Singapore, strategists say
The share prices of Singapore-listed real estate investment trusts, or S-REITs, have gone up by close to 20% this year. Strategists from Credit Suisse and DBS say S-REITs may not appreciate much more ... ( read original story ...)
Regulatory, capital market reforms needed to revive Singapore’s stock market
Fundamental reforms to Singapore’s capital markets, pension system and how regulators interact with it are essential to revive our public equity market. A lack of reforms will inhibit its ... ( read original story ...)
DBS First Asian Bank To Be Named “World’s Best Bank” By Euromoney
Singapore is home to many ‘firsts’ in the world, from our airport to our passport to being the most expensive Asian city, and now, to the best bank in the world. Yesterday (11 July), DBS Bank was ... ( read original story ...)
DBS named World’s Best Bank by Euromoney, a first for an Asian bank
DBS has been named the World's Best Bank by Euromoney magazine in a first for an Asian bank. Euromoney editor Clive Horwood said DBS represented what a bank today should look like, noting: "No other ... ( read original story ...)
Singapore cautions wealth managers on aggressively courting HK business
Officials from the Monetary Authority of Singapore (MAS) made the request last month to wealth managers, including DBS and a unit of Oversea-Chinese Banking Corp, the people said, declining to be ... ( read original story ...)
Singapore cautions wealth managers against aggressively courting Hong Kong business
"The message was that we shouldn't be taking undue advantage of what's going on in Hong Kong," a senior banking source said on condition of anonymity. Singapore has cautioned wealth managers against ... ( read original story ...)
Singapore’s Shock GDP Contraction Sends Warning for World Trade
(Bloomberg) -- An unexpected contraction in Singapore’s economy in the second quarter sent a warning shot to the world economy as simmering trade tensions wilt business confidence and activity. Gross ... ( read original story ...)