For starters DBS and POSB cardmembers are entitled to purchase the exclusive Singapore Restaurant Festival Dining Voucher Set worth $100 at a discounted rate of $70, which is redeemable at over 200 participating restaurants! That’s equivalent to a 30% ... ( read original story ...)
OCBC Bank fights money laundering with AI double act
Singapore’s OCBC Bank has piloted two fintech solutions from a pair of start-ups as it looks to combat money laundering and terrorism financing via artificial intelligence (AI). The two firms involved – BlackSwan Technologies and Silent Eight – were ... ( read original story ...)
DBS raises S$685m through first green bond by a local financial institution
SINGAPORE—DBS Group Holdings has launched Singapore’s first green bond by a financial institution. The US$500 million (S$685 million) floating rate green bonds will be issued with a five-year maturity, to yield a quarterly coupon of three-month US ... ( read original story ...)
Some banking services to be disrupted over 2 days in August, DBS warns
SINGAPORE — Customers of Singapore’s largest banking group DBS Bank may experience problems in accessing selected banking services on the DBS network over the first weekend of August, according to an email sent out to the bank’s clients seen by TODAY. ( read original story ...)
DBS warning: Some Singapore services to be disrupted over 2 days
On its notices and maintenance page on the bank’s website, it adds: “Some disruptions to DBS/POSB services can be expected due to the transfer of ANZ Singapore’s retail and wealth products.” DBS announced last year it had agreed to acquire ANZ ... ( read original story ...)
UOB receives in-principle licence for Vietnamese subsidiary
Singapore’s United Overseas Bank has received the in-principle licence from the State Bank in Vietnam to open a subsidiary in the country. UOB is the first Singaporean bank to receive the licence for a foreign-owned subsidiary in Vietnam The bank will ... ( read original story ...)
Traders Rejoice: Lunch Break Is Returning to Singapore’s Stock Market
Traders in Singapore soon won’t have to worry about being chained to their desks for lunch. Singapore Exchange, known as SGX, said earlier this week that it will reinstate a daily one-hour lunch break, in which trading will stop from noon to 1 p.m. local ... ( read original story ...)
Singapore Stock Market May Extend Winning Streak
The winning streak has hit five sessions now for the Singapore stock market, which has advanced almost 120 points or 3.6 percent along the way. The Straits Times Index now rests just above the 3,325-point plateau and the market is looking at another green ... ( read original story ...)
Biggest IPO in six years, NetLink debuts on SGX
The company, which owns the fibre network that is the foundation of Singapore’s next generation nationwide broadband network, is the broadband unit of telecom company Singtel. The initial public offering (IPO) was two times subscribed with S$4.7 billion ... ( read original story ...)
HSBC becomes first banks send FIXML messages over Swift for clearing
Tony Lewis, HSBC Head of Securities Services for Singapore said: “Following a number of successful implementations in the region, it is a pleasure to work with SWIFT and SGX on extending our network to cover all domestic clearing and settlements in ... ( read original story ...)
Singapore economy grows 2.5% on back of robust manufacturing
According to HSBC economist Joseph Incalcaterra, Singapore remains bullish in this sector given the assumption of a strong rebound in industrial production (IP). "Within the advance GDP estimate, the ministry assumes a strong rebound in June IP of ... ( read original story ...)
Things to do in August, 2017: Events, concerts, restaurants, bars and travel destinations to check out next month
One of the many highlights of the Singapore Night Festival 2016 was a block party on Armenian Street. It’s easy to check all of these cool events off your list, when you own the HSBC Advance Credit Card, which offers up to 2.5% cash back on all purchases ... ( read original story ...)
Singapore dodges recession as Q2 GDP gets tech boost, Fed risks eyed
SINGAPORE (Reuters) - Singapore's economy grew in the second ... likely reflecting tepid private consumption and a deceleration in wage growth," HSBC analysts said in a research note. Growth in electronics exports has been one of the highlights of Asia's ... ( read original story ...)
Singapore faces escalating school costs in bid to build a ‘smart nation’
Schooling isn’t cheap in Singapore: not just for citizens ... Parents budget S$70,939 for schooling from primary through tertiary level, according to a survey by HSBC Holdings Plc published in June. But for Singaporean families, the government foots ... ( read original story ...)
Some DBS services down over 2 days in August
SINGAPORE — Customers of Singapore’s largest banking group DBS Bank may experience problems in accessing selected banking services on the DBS network over the first weekend of August, according to an email sent out to the bank’s clients seen by TODAY. ( read original story ...)
Indonesia’s Bank Mandiri makes private banking push in Singapore
JAKARTA (Reuters) - Indonesia's largest bank by assets, PT Bank Mandiri Tbk (BMRI.JK), plans to open a full branch in Singapore as it makes a push into private banking in the city-state by targeting freshly declared wealth under Indonesia's tax amnesty scheme. ( read original story ...)