Home prices in Singapore have declined for the past three years. According to a report from Bloomberg, whether you look at prices or policy, the property markets in Singapore and Hong Kong are marching resolutely in opposite directions. Singapore has eased ... ( read original story ...)
Education funds planning for Singapore expats
Living costs in Singapore are among the highest in the world. Expats who move to the city-state can expect to pay large amounts for their accommodation and for day-to-day expenses. Car buyers in Singapore usually pay five to six times the price of a ... ( read original story ...)
Singapore hints at covered bond reforms
Currently, the encumbrance limit for Singapore is 4 percent, on par with Canada, but lower than 8 percent for Australia and 10 percent for New Zealand. Many other jurisdictions have no encumbrance limits at all. "The two banks (DBS and UOB) are around ... ( read original story ...)
Singapore Bourse May Extend Friday's Gains
(RTTNews.com) - The Singapore stock market turned higher again on Friday, one session after it had ended the two-day winning streak in which it had climbed almost 25 points or 0.7 percent. The Straits Times Index now rests just below the 3,135-point ... ( read original story ...)
Singapore Savings Bonds SSB April 2017 Issue gives you 2.27% interest per year over 10 years
You can apply through ATM or Internet Banking via the three banks (UOB,OCBC, DBS) $10,000 will grow to $12,324 in 10 years. This bond is backed by the Singapore Government and its available to Singaporeans. You can find out more information about the SSB here. ( read original story ...)
Why SIA stands to benefit from the diversion of Chinese traffic from South Korea
It could give local tourism a boost. Singapore Airlines is a potential beneficiary of a diversion of Chinese traffic from South Korea, according to a report from UOB KayHian. Citing a report from Bloomberg, the UOBKayHian report said China has asked tour ... ( read original story ...)
HSBC to unveil AIA boss as its next chairman
HSBC will announce as soon as tomorrow that Mark Tucker, a former boss of insurance giant Prudential, has been appointed as its next chairman, ending a year-long hunt for a replacement for Douglas Flint. The appointment of Mr Tucker, who was briefly the ... ( read original story ...)
Time bank lets Japan's seniors swop services for free – from cleaning to companionship
Time banking is one of several schemes featured in an episode of Challenge Tomorrow this Sunday (March 12), which looks at how Japan, the United States, Australia and Singapore, are managing aging issues. More countries like Singapore are looking at ways ... ( read original story ...)
Bert Stegink leads UBS Singapore
A well-experienced wealth manager is now leading UBS’s business in Singapore. UBS, Asia’s largest wealth management firm, named Bert Stegink to the position earlier this month. Stegink will enter the Swiss firm from Dutch lender ABN Amro Private Bank ... ( read original story ...)
Canara Bank sells 13.5% of home finance arm to GIC for Rs 754 cr
State-run Canara Bank, which has been struggling to sell non-core assets to shore up its poor core capital, today sold 13.45 per cent of its stake in its home finance arm Can Fin Homes to GIC of Singapore for Rs 753.8 crore or USD 113 million. State-run ... ( read original story ...)
UOB launches sale of dual currency covered bonds
This is Asia's first dual currency covered bonds issue. Singapore banking giant United Overseas Bank announced two sales of covered bonds comprising of two tranches, a US$500m 2.125% covered bonds and an EUR500m 0.125% covered bonds, both due 2022. ( read original story ...)
Singapore regulator eyes blockchain for settlement
The Monetary Authority of Singapore is in talks with group of financial institutions to use distributed ledger technology for domestic inter-bank payments and securities settlement, following the completion of a proof-of-concept project. The process ... ( read original story ...)
Canara Bank Sells 13.45% Stake In Can Fin Homes
State-run lender Canara Bank Ltd has sold a 13.45 per cent stake in Housing finance arm Can Fin Homes Ltd to Singapore-based Caladium Investment Pvt Ltd for Rs 754 crore, it said on Friday. The divestment is seen as a part of the monetization process of ... ( read original story ...)
HSBC mulls former Prudential chief Mark Tucker for chairman
Europe's largest bank HSBC Holdings is planning to appoint former Prudential head Mark Tucker as chairman in the first stage of its management overhaul, according to reports. The bank is reportedly lining Mr Tucker up as Douglas Flint's replacement in ... ( read original story ...)
SCB deepens push into fintech with fund outlay
SCB, through its fintech subsidiary Digital Ventures, announced this week a “significant investment” in Dymon Asia Ventures, the fintech-focused venture capital arm of Dymon Asia Capital. Singapore-based Dymon Asia was ranked by Bloomberg as the 10th ... ( read original story ...)
Singapore 2nd on ranking of world's most innovative intellectual property offices
SINGAPORE - The Intellectual Property Office of Singapore (Ipos) has emerged as the first-runner up in a recent study of the world's most innovative IP offices, second only to the European Union, Ipos said in a press release on Thursday (March 9). ( read original story ...)