recently launched its latest savings account – the UOB Stash Account. This new savings account gives people in Singapore a new and simple way to accumulate and earn interest on their savings. The UOB Stash Account works in a relatively straightforward ... ( read original story ...)
Owner of Garena gaming platform seeks up to $950m from IPO
South-east Asia's most valuable start-up Sea - known for its Garena gaming and shopping platform - aims to raise as much as US$696 million (S$949.6 million) in its United States initial public offering (IPO). The Singapore-based company, formerly called ... ( read original story ...)
Singapore aims to rival London and New York in debt restructuring
[cat_name] => Finance and Insurance [category_nicename] => finance-and-insurance [category_parent] => 54 ) ) Singapore authorities are trying to position the Southeast Asian republic as a debt restructuring centre on a par with London and New York ... ( read original story ...)
Indonesia investigates StanChart over $1.4 billion transfer
JAKARTA (Reuters) - Indonesia is investigating reports that $1.4 billion held by Standard Chartered Plc (STAN.L) in Guernsey, mainly on behalf of Indonesian clients, was transferred to Singapore just before the island moved to new tax transparency rules ... ( read original story ...)
DBS Adopts Credit Cycle Approach with Z-Risk Engine to Meet IFRS 9 Regulatory Requirements Ahead of January 2018 Deadline
SINGAPORE--(BUSINESS WIRE)-- DBS, the Singapore-based regional bank, announced today that it is deploying Z-Risk Engine ® (ZRE) to generate forward-looking future credit losses on the bank’s wholesale credit portfolio, as it complies with imminent IFRS ... ( read original story ...)
Amazon Faces Challenge From Malls, Alibaba in Singapore
As Amazon.com Inc. pushes into Southeast Asia with a new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago. Delivery delays ... ( read original story ...)
OCBC, StarHub ink first bank-telco deal in Singapore
Finance Goliath OCBC Bank and telco giant StarHub announced that they will be investing S$6 million over the next year to establish partnerships in several industries and to boost better services and offerings for their customers. Marking the formation of ... ( read original story ...)
Renewed interest in Careers in Banking & Financial Services Among Local Millennials
Banking & Financial Services ... Managing Director of CareerBuilder Singapore. Other survey findings include: Prominent scholarship providers such as the Public Service Commission, the National University of Singapore and Nanyang Technology remains ... ( read original story ...)
OCBC Bank, StarHub form strategic partnership for tie-ups across multiple industries
SINGAPORE - OCBC Bank and infocommunications firm StarHub are investing S$6 million over 12 months "to build networks of partnerships across multiple industries and give customers better services, experiences and offers". OCBC group chief executive Samuel ... ( read original story ...)
StarHub, OCBC Bank invest $4.4M to link industries
Singapore’s second largest mobile operator StarHub and OCBC Bank formed a strategic alliance to drive the country’s collaborative economy, with plans to invest SGD6 million ($4.4 million) over 12 months to build networks of partnerships across multiple ... ( read original story ...)
Singapore stocks pause after logging best week in nine months
Singapore stocks edged lower on Monday as investors took a ... It ended 0.9 percent higher on Friday, taking the year-to-date performance to about 14 percent. United Overseas Bank gained 1.5 percent, Overseas-Chinese Banking Corp gained 0.1 percent and ... ( read original story ...)
Suspicion mounts over $1.4 billion transfer
Bloomberg first reported that regulators in Europe and Asia were investigating Standard Chartered over the role staff may have played in transferring $1.4 billion of private bank client assets from Guernsey to Singapore before new tax transparency rules ... ( read original story ...)
These 3 Stocks Received Maintained Buy Calls From Local Research Houses
Moreover, MBKE looks at GuocoLand as a proxy for the Singapore market. Maybank Kim Eng Research gives ... of 1.5% quarter-on-quarter and net interest margin increased to 1.66%, UOB Kay Hian Research (UOBKH) expects total fees and commissions to increase ... ( read original story ...)
DBS sees more policy fine-tuning from government in weeks ahead
SINGAPORE: The Development Bank of Singapore (DBS) expects policy fine-tuning from the Indian government -- on the lines of the Goods and Services Tax (GST) -- in coming weeks. According to DBS, incoming high-frequency data are likely to improve. ( read original story ...)
DBS sees more policy fine-tuning from govt in weeks ahead
The index of industrial production for August -- due this week -- is poised to extend gains from July's 1.2 percent, said DBS in its daily economic report on Monday. Singapore: The Development Bank of Singapore (DBS) expects policy fine-tuning from the ... ( read original story ...)
Keppel acquires 50% stake in manager of upcoming US IPO
Keppel Corporation Limited acquired 50% of Keppel-KBS US REIT Management Pte Ltd (Keppel-KBS US REIT Manager), the manager of the pending initial public offering (IPO) of Keppel-KBS US REIT in the Singapore Exchange (SGX). According to a press release ... ( read original story ...)