There are no new ideas in banking -- no equivalents of flying cars, or even 20-foot containers. The revolutionary thinking in finance is usually dusted off from the archives. Singapore's plan to let bankers play businessmen is no different. That's what J.P ... ( read original story ...)
Singapore to Let Banks Invest in Digital Platforms, E-Commerce
Regulator to limit investment to 10% of bank’s capital funds Retail clients to be able to transfer money using cell numbers Singapore regulators have proposed rules that will make it easier for banks to conduct or invest in non-financial businesses such ... ( read original story ...)
Bank Negara’s liberalisation actions stabilises the ringgit – UOB
SINGAPORE: UOB’s Global Economic & Markets Research team has issued their periodical report – the ‘Third Quarter UOB House View’ today. In the report, UOB noted that the ringgit have strengthened in recent months, attributing on the US dollar ... ( read original story ...)
Medical tourism growth easing in Singapore
SINGAPORE: Medical tourism growth here is expected to slow down amid stiffer regional competition, especially from the Malaysian healthcare market, according to UOB Kay Hian. The softer outlook in Singapore comes amid a decline in growth of foreign patient ... ( read original story ...)
The Malaysian Stock Market’s Equivalent Of Singapore-Listed Companies
Plantation companies are also present in both Singapore and Malaysia’s stock market. When it comes to investing, it may make sense to expand our horizons beyond Singapore and look at other countries in order to give us more options. Also, like us on ... ( read original story ...)
Singapore Telecommunications : Singtel Unit Launches Singapore’s Biggest IPO in More Than Six Years — Update
SINGAPORE--Singapore Telecommunications Ltd., will start taking orders from institutional investors for an initial public offering of its high-speed broadband unit that could raise as much as 2.7 billion Singapore dollars (US$1.95 billion), making it the ... ( read original story ...)
New PayNow service enables funds transfer using mobile phones
Seven banks – Citibank Singapore, DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and United Overseas Bank – will offer this scheme from July 10, according to a statement by the Association of Banks in Singapore (ABS) on Tuesday (June 22). ( read original story ...)
Philippines, Singapore push open banking system
MANILA, Philippines - The Philippines is set to pursue an agreement with Singapore as part of efforts to open up the banking industry aimed at greater financial integration and economic development among members of the Association of Southeast Asian ... ( read original story ...)
J.P. Morgan Singapore MD: New recruits must be like Jamie Dimon
http://news.efinancialcareers.com/sg-en/280206/rohit-chatterji-jpmorgan/ J.P. Morgan’s is adding client-facing staff to its Asian private bank this year and it wants them in the mould of CEO Jamie Dimon, says a Singapore-based managing director. ( read original story ...)
China risk has DBS rethinking mainland exposure
HONG KONG -- Like its peers here, the Hong Kong arm of Singapore's DBS Group Holdings has reaped increasing benefits from its mainland China-related business in the past several years. However, Hong Kong banks' rising reliance on the second largest economy ... ( read original story ...)
Singapore Stock Market Likely Rangebound On Tuesday
(RTTNews.com) - Ahead of Monday's holiday for Eid-ul-Fitr, the Singapore stock market has turned lower again - one session after it had ended the two-day losing streak in which it had surrendered more than 45 points or 1.4 percent. The Straits Times Index ... ( read original story ...)
HSBC launches global social network for businesses
The hub will also give users access to HSBC data and reports. UK businesses that join the hub will be able to connect with organisations in Singapore, Canada, China, Hong Kong, India, Mexico, and the US. More countries will be added in the future. ( read original story ...)
1MDB: What Next for Scandal Bankers?
Sturzenegger, the only Swiss banker thus far to be charged over 1MDB, now faces the daunting task of restoring his reputation in Switzerland, where 1MDB rocked the banking sector nearly as much as in Singapore. The few remaining staff that Falcon maintains ... ( read original story ...)
HSBC bullish on PH growth, neutral on equities market
Among regional emerging markets, HSBC has an “overweight” rating on China, India and Singapore, which means it recommends increasing exposure to these markets relative to the benchmark index. Last year, Philippine corporate earnings had an ... ( read original story ...)
DBS’s Hong Kong bank keeping an eye on its China exposure
HONG KONG -- Like its peers here, the Hong Kong arm of Singapore's DBS Group Holdings has reaped increasing benefits from its mainland China-related business in the past several years. However, Hong Kong banks' rising reliance on the second largest economy ... ( read original story ...)
Ex-Falcon Asia Head Back Home After Jail Sentence in Singapore
Falcon Private Bank was wiped out in Singapore: it paid a S$4.3 million fine before it was shut down for serious lapses in spotting 1MDB money being laundered. Singapore's regulator pinpointed improper conduct by senior management both locally as well as ... ( read original story ...)