He joined Deutsche Bank in 1989 and has worked in Frankfurt, London, Singapore, Tokyo and Toronto. “Our view is that Sewing seems to be an OK candidate,” said one major investor who spoke on condition of anonymity. Sewing’s appointment was a blow to ... ( read original story ...)
Profit Taking Expected For Singapore Stock Market
The Singapore stock market has climbed higher in consecutive trading days, gathering more than 100 points or 3 percent along the way. The Straits Times index now rests just above the 3,440-point plateau although it may run out of steam on Monday. ( read original story ...)
Deutsche Bank sacks chief executive
Mr Achleitner has remained silent as speculation of a management change at the bank has mounted. Mr Cryan was previously chief financial officer at UBS before leaving to head European operations of Temasek, Singapore’s sovereign wealth fund. ( read original story ...)
Christian Sewing to become new CEO of Deutsche Bank -Spiegel
He has been a member of the management board since 2015. Sewing joined Deutsche Bank in 1989 and has worked in Frankfurt, London, Singapore, Tokyo and Toronto, according to the bank's website. His appointment would be a blow to co-deputy Marcus Schenck ... ( read original story ...)
MAS urges banks in Singapore to be vigilant against cyber threats
"MAS has been working with financial institutions in Singapore on a number of initiatives to continuously deepen the sector's cyber capabilities, taking into account the rapidly changing cyber threat landscape," Mr Tan added. The central bank also ... ( read original story ...)
DBS Bank Targets Singapore’s Corporate Check Problem
In its latest initiative to promote the digitization of B2B payments, Singapore’s DBS Bank said it’s working to support its corporate customers’ shift away from the paper check. Reports in The Business Times on Thursday (April 5) said DBS Bank wants ... ( read original story ...)
Singapore seen poised for first monetary policy tightening in six years: Poll
SINGAPORE (REUTERS)- Singapore's central bank is expected to tighten monetary policy in April for the first time in six years, with economic growth seen solid enough to shift away from a stance associated with periods of acute weakness. Twelve of 19 ... ( read original story ...)
ASEAN confident of growth outlook despite trade tensions: Singapore finance minister
SINGAPORE (Reuters) - Members of the Association of Southeast Asian Nations (ASEAN) are confident of their economic growth outlook despite rising global trade tensions, Singapore Finance Minister Heng Swee Keat said on Friday. Heng’s comments at the end ... ( read original story ...)
5 Largest REITs in the Singapore Stock Market
Real estate investment trusts (REITs) are popular among Singaporeans. REITs are obliged to distribute at least 90% of their taxable income to enjoy tax benefits. Therefore, by investing in REITs, investors can receive regular distributions, usually on a ... ( read original story ...)
Buying Property In Singapore: Beginners Guide For Citizens and Foreigners
then looking for alternative sources of finance would have to come in hand. Some of the notable sources of funding for property purchases in Singapore are Cash, CPF savings, and Bank Loan To be able to use CPF savings in property purchase one must first ... ( read original story ...)
Singapore regulator says Uber app to delay shutdown amid competition review
SINGAPORE (Reuters) - Singapore’s competition watchdog said Uber will delay the ride-hailing app’s shutdown in the city-state by a week to April 15. Uber was initially set to end its services by April 8 in Singapore after a deal to sell its Southeast ... ( read original story ...)
Finance manager jailed for 11 years for siphoning $3.2 million from employer
SINGAPORE - A finance manager was trusted by his boss so much that he was given pre-signed cheques to settle payments. But Gene Chong Soon Hui abused his superior's trust and siphoned about $3.2 million of the firm's money by entering his own name on the ... ( read original story ...)
OCBC chief executive Samuel Tsien’s pay rises 15.6% to S$9.69m in 2017
SINGAPORE - OCBC Bank's chief executive Samuel Tsien has got a 15.63 per cent increase in pay in 2017 from a year ago, the bank disclosed in its annual report on Friday (April 6). Mr Tsien received S$9.69 million in 2017. In 2016, his total remuneration ... ( read original story ...)
16 Singapore banking jobs that pay $10k a month after just three years
You want a S$10k monthly salary by the time you’re an associate. These are the Singapore banking jobs where that’s possible. https://news.efinancialcareers.com/sg-en/278229/beware-sg-hk-banking-recruiters/ You’re an intern or analyst in Singapore ... ( read original story ...)
DBS targets 30% fewer corporate cheque payments by 2020
SINGAPORE - DBS Bank announced on Thursday (April 5) it will help its corporate clients reduce their cheque use by 30 per cent from current levels within the next two years, in a bid to help them keep pace with the increasing popularity of digital payments ... ( read original story ...)
Singapore Stock Market May Find Traction On Thursday
The Singapore stock market has finished lower in consecutive trading days, tumbling more than 90 points or 2.7 percent along the way. The Straits Times index now rests just beneath the 3,340-point plateau although it figures to snap the losing streak on ... ( read original story ...)