HSBC Singapore has named Australian Tony Cripps as its new chief executive. He starts in the new role on April 3, taking over from Mr Guy Harvey-Samuel, who will retire from HSBC after more than 38 years at the London-based bank. Mr Cripps, who has been ... ( read original story ...)
Ex-Forex Traders in Singapore Get Jail Time for Cheating Banks
Former HSBC senior dealer Ivan Chng was sentenced to 15 weeks in jail, Singapore High Court Justice See Kee Oon said on Wednesday. Ex-Deutsche Bank trader Toh Hway Khuan was given an eight-week sentence. Neither man was fined. The two were convicted in ... ( read original story ...)
Singapore Press : Fifth edition of Asian Masters promises stellar line up and innovative, gastronomic experiences
Organised by Sphere Exhibits Pte Ltd, a wholly-owned subsidiary of Singapore Press Holdings, and Presenting Partner HSBC Bank (Singapore) Limited, Asian Masters is set to wow diners with its four key pillars: The Straits Times and Lianhe Zaobao's Best ... ( read original story ...)
Singapore Rugby 7s partners StubHub for secure ticketing experience
StubHub’s ticketing portals can be accessed by fans allowing countries to buy tickets to the HSBC Singapore Rugby 7s. The portal supports 36 currencies and can be accessed in more than 20 languages. Once the tickets are purchased, they will be directly ... ( read original story ...)
City watchdog investigating HSBC over potential financial crime, bank reveals
HSBC is the process of overhauling its board and seeking a new chairman. Photograph: Jacky Naegelen / Reuters/Reuters The City regulator is investigating HSBC over potential breaches of money laundering rules after concerns raised last year by the anti ... ( read original story ...)
Standard Chartered : Ageing – Passing the baton to Asia
Singapore and Hong Kong set to age fastest. In a new special report, Standard Chartered's Global Research team assesses the policy responses of countries in the region that most urgently need to tackle challenges related to ageing. It also analyses the ... ( read original story ...)
Singapore's Home Curbs May Stay for Some Time, Minister Says (1)
who’s also the second finance minister, said in a Bloomberg Television interview with Haslinda Amin. “If you look at the market today, demand remains very resilient.” Singapore’s government has been steadfast in its commitment to cool the housing ... ( read original story ...)
Fitch Rates UOB's Basel III Tier 2 Subordinated Notes Final 'A+'
Fitch Ratings has assigned Singapore-based United Overseas Bank Limited's (UOB) SGD750m 3.5% Basel III-compliant Tier 2 subordinated notes a final rating of 'A+'. The notes will be issued on 27 February 2017. This follows the receipt of final documents ... ( read original story ...)
UOB loan growth expands 8.9%
It was driven by Singapore and Indonesia. UOB demonstrated a pristine asset quality with NPL ratio receding 14bp qoq to 1.47% in 4Q16, according to research firm UOB KayHian. The report noted that UOB loan growth expanded in the past quarter, growing 8.9%. ( read original story ...)
Singapore Bourse May Halt Losing Streak
(RTTNews.com) - The Singapore stock market has tracked lower in back-to-back sessions, dipping more than a dozen points or 0.4 percent along the way. The Straits Times Index now rests just beneath the 3,095-point plateau, although the market may find ... ( read original story ...)
Singapore Budget 2017: All you need to know in 3 minutes
SINGAPORE - Finance Minister Heng Swee Keat delivered a forward-looking comeback Budget speech on Monday (Feb 20) after suffering a stroke last year. Some of the highlights include a water price increase, help for companies and workers, as well as support ... ( read original story ...)
HSBC profits slump after volatile year
HSBC reported on Tuesday that annual profit slumped following a year it said would be remembered for "unexpected economic and political events" and warned of risks in 2017 to the global economy's continuing recovery. Europe's biggest bank said net profit ... ( read original story ...)
Singapore carbon tax would hit refiners, help renewables
SINGAPORE (Reuters) - Singapore's proposed plan to tax greenhouse gas emissions would likely hit oil refiners hard, ramping up costs in an industry that has been central to the city-state's rapid development over the last half-century. Monday's ... ( read original story ...)
Hungry Singaporeans Make Eating Profitable as Restaurants Rally
(Bloomberg) -- As Singapore’s stock market continues to rally, an often overlooked sector is getting a boost. The city-state’s listed restaurants have outperformed regional and global peers as dining out drives shares higher. These companies may be ... ( read original story ...)
What Happened In The World Of Finance Over The Past Week
First, there’s the possible introduction of dual class share structures for companies listed in Singapore’s stock market. Then, we’d move on to the latest growth numbers for Singapore’s economy. A possible introduction of dual share classes in ... ( read original story ...)
Is this the worst ETF of all time?
A popular ETF-like investment is designed to protect against portfolio losses in the event of a stock market crash. But most investors have no idea that holding this Exchange Traded Note (ETN) is likely to cost them more money than any market crash ever could. ( read original story ...)