SINGAPORE - Bank of Singapore said on Monday (June 8) that it has appointed industry veteran Lim Leong Guan as its new global head of products with immediate effect.. Read more at straitstimes.com. ( read original story ...)
HK residents rush for offshore bank accounts on China law worries: sources
Banks including HSBC, Standard Chartered and Citigroup have seen a spike in enquiries from Hong Kong residents about opening offshore accounts amid concerns stemming from China's decision to impose a ... ( read original story ...)
Singapore Airlines Secures More Than $7 Billion From Credit Lines, Rights Issue
Singapore Airlines (SINGF) announced on Monday that it has raised a total of S$10 billion ($7.17 billion) of liquidity, through a mix of secured and unsecured credit facilities, as well as a recent ... ( read original story ...)
Citi turns ‘sell’ call on Singapore banks to ‘buy’ amid bets on V-shaped recovery in 2021
One of the rare "sell" calls on the Singapore banks has returned to the herd, as Citi Research on Monday (June 8) upgraded its call on the sector to a "buy".. Read more at straitstimes.com. ( read original story ...)
Singapore stock watch: SIA, UOB, ST Engineering, HPHT, Banyan Tree
The following companies saw new developments that may affect trading of their securities on Monday (June 8):. Read more at straitstimes.com. ( read original story ...)
Singapore Airlines secures $1 billion additional credit after rights issue
Global airlines have taken a huge blow as curbs imposed to stop the spread of the coronavirus led to a plunge in travel demand, leading to a liquidity crisis at firms. Singapore Airlines' total ... ( read original story ...)
Singapore can remain exceptional in these testing times
We will step up testing and contact tracing significantly. Then we can catch new cases early, isolate them and their contacts, and stamp out clusters before they grow. If all goes well and the ... ( read original story ...)
A value investor’s guide to ‘exploiting’ the Singapore Savings Bond
You can park your money in Singapore Savings Bonds!’ I am sure you’ve heard something like that before.As investors, we want to keep a war chest of cash that’s ready to be deployed in the stock market ... ( read original story ...)
Coronavirus: More bank branches, post offices reopening with safety checks
Providers of essential services like banks and postal operator Singapore Post are gearing up to resume activities safely post-circuit breaker, with more branches reopening for business.. Read more at ... ( read original story ...)
More bank branches, post offices reopening with safety checks
Providers of essential services like banks and postal operator Singapore Post are gearing up to resume activities safely post-circuit breaker, with more branches reopening for business.. Read more at ... ( read original story ...)
More seem keen on mortgage refinancing as interest rates fall
More home owners may be considering refinancing their mortgages, as banks' interest rates for floating home loans are at their lowest in recent years.. Read more at straitstimes.com. ( read original story ...)
Is The Stock Market’s Optimism For Economic Recovery Valid?
The gap between the current ADS level and what's considered a growth profile is an economic chasm. Deciding if the market is accurately pricing in the economic ... ( read original story ...)
More home owners considering refinancing loans as banks cut interest rates
More home owners are refinancing their mortgage, as banks' interest rates for floating home loans are at its lowest in recent years.. Read more at straitstimes.com. ( read original story ...)
Singapore heading for record unemployment in 2020 -finance minister
Singapore's finance minister said its unemployment rate could rise to a record of over 100,000 in 2020 due to fallout from the COVID-19 pandemic. Sin ... ( read original story ...)
Singapore: Manufacturing sector seen under pressure – UOB
Economist at UOB Group Barnabas Gan assessed the latest PMI figures in Singapore. Key Quotes “Singapore’s manufacturing and electronic PMI reported by SIPMM rose in May 2020 a ... ( read original story ...)
Strong demand for HK dollar ‘linked to IPO market’
The Hong Kong Monetary Authority (HKMA) has intervened the local currency market to prevent the Hong Kong dollar from breaching the strong end of ... ( read original story ...)