The Singapore stock market picked up just a handful of points on Tuesday - but that was enough to snap the three-day slide in which it had fallen almost 10 points or 0.3 percent. The Straits Times Index settled just above the 2,955-point plateau ... ( read original story ...)
SGX shrinks as value of IPOs is outstripped by value of delistings
A higher number of new initial public offerings (IPOs) on the Singapore Exchange (SGX) this year has not stemmed the shrinking of the local stock market. The total value of delistings easily outstripped the total value of new floats, and prominent ... ( read original story ...)
Singapore’s growth to remain modest in 2017
The joint lead managers and bookrunners were Barclays, Citigroup, Deutsche Bank and HSBC. Coming in second place in the top deals list of Singapore’s debt market is a deal jointly managed by Citigroup, DBS, Deutsche Bank, HSBC and Societe Generale (SCGIB). ( read original story ...)
How DBS Bank Became The Best Digital Bank In The World By Becoming Invisible
Their inaugural pick for best digital bank: Singapore-based DBS Bank. DBS wasn’t always a digital leader, however. The story of its digital transformation is all the more remarkable because one of its goals for its technology – in fact, for the entire ... ( read original story ...)
Singapore office market — it ain’t over till the fat lady sings
These are strange days for the commercial real estate market in Singapore. On the one hand, rents have been falling for the past two years and are expected to continue coming off significantly in 2017. On the other, capital values of Grade A CBD office ... ( read original story ...)
Ten things that shook up Singapore banking jobs in 2016
We review some of the big trends affecting banking careers in Singapore in 2016. http://news.efinancialcareers.com/sg-en/268493/junior-banking-jobs-singapore/ It was generally a year of redundancies and tepid recruitment in the Singapore finance sector. ( read original story ...)
Singapore: Director of TAC Contracts jailed 30 months for corruption
A Singapore court has sentenced the director of TAC Contracts to jail for 30 months after he was found guilty of corruption charges on 22 December. The Singapore-based company deals in waterproofing and general works industry. Donald Ling Chun Teck pleaded ... ( read original story ...)
Laze to your heart’s content at Singapore’s first Gudetama Cafe
The Singapore franchise owners worked with bento artist Shirley Wong (aka popular Instagrammer @littlemissbento) to create the colourful, cutesy dishes (Sanrio’s guidelines for Gudetama Cafe's food include putting the character’s face only on dishes ... ( read original story ...)
Singapore-listed equity offerings up 84% to $5.92M in 2016
IPO activity bounced after a lacklustre 2015. The year 2016 showed signs of life in terms of equity listings in Singapore’s stock exchanges, a report by Thomson Reuters said. So far, Singapore-listed equity offerings (combined IPO and follow-on offerings ... ( read original story ...)
Singapore ex-banker convicted in 1MDB Malaysia fund case
TOKYO — A court in Singapore found a former private banker guilty Wednesday of trying to obstruct investigations linked to the indebted Malaysian State Fund 1MDB. The State Court convicted Yeo Jiawei, a former wealth planner at Swiss private bank BSI ... ( read original story ...)
Why jobs cut by banks in Singapore in 2016 are unlikely to return
The Singapore economy is going through a tough time, especially in the labour market. Going forward, many finance students and workers in the industry will find it increasingly difficult as the banking industry has been one of the hardest hit in terms of ... ( read original story ...)
5 Christmas Meal Lobangs In Singapore To Not Eat Grass In January 2017
Grab your DBS/POSB Credit or Debit Card and brace yourself for the wave ... Shop or even score 1-for-1 Night stays in One-Bedroom Garden Villas at Capella Hotel Singapore. ( read original story ...)
Asian markets key focus for OCBC in 2017: CEO
OCBC intends to pursue more opportunities in Asia and follow its clients deeper into ASEAN markets such as Indonesia and Myanmar, at a time when Singapore companies will be more compelled to expand overseas as growth at home slows, said the bank's chief ... ( read original story ...)
Overview of Singapore’s Lending Environment – End of 2016
Since gaining its independence in 1965, Singapore has grown into a global powerhouse of trade and finance. In this article we explore the lending environment from a macro perspective, and explain what this means for individuals and businesses who are ... ( read original story ...)
Singapore bond market faces $22b refinancing bill
This came as Fed raised policy rates by 25bp. According to Reuters, Singapore dollar bonds worth S$22 billion ($15.5 billion) are callable or due to mature next year, exposing issuers and investors to refinancing risks as borrowing costs rise in the US. ( read original story ...)
Singapore Airlines' passenger volume slips 1.2% in November
Due to weak demand from South West Pacific. Singapore Airlines ferried 1.52 million passengers last month, down 1.2% on a year-on-year basis. The drop was mainly due to an 8.1% reduction in demand from South West Pacific, which has been affected by ... ( read original story ...)