(RTTNews.com) - The Singapore stock market moved higher again on Wednesday, one session after it had snapped the seven-day winning streak in which it had advanced more than 65 points or 2 percent. The Straits Times Index now rests just beneath the 3,345 ... ( read original story ...)
Singapore Won’t Regulate Cryptocurrencies, Central Bank Chief Says
Singapore doesn’t plan to regulate cryptocurrencies such as bitcoin, but will remain alert to money laundering and other potential risks stemming from their use, the head of the country’s central bank said. “As of now I see no basis for wanting to ... ( read original story ...)
Nigerian charged in connection with alleged $27m Citibank fraud in Singapore
A Nigerian businessman previously accused of swindling Citibank of millions of dollars was, on Wednesday, charged with money laundering. Paul Gabriel Amos, a 46-year-old Singapore Permanent Resident, was believed to be involved in a scheme to dupe Citibank ... ( read original story ...)
Planning to IPO in 2019, Qoo10 has quietly grown into Singapore’s top e-commerce destination
Qoo10 is trying to build an ecosystem, and in doing so become the big ship in the rising e-commerce tide Amazon and Alibaba get the headlines; Lazada and RedMart are startup success stories; Shopee and Carousell are duking it out for dominance in the peer ... ( read original story ...)
Singapore won’t regulate cryptocurrencies, remains alert to risk
Singapore doesn’t plan to regulate cryptocurrencies such as bitcoin, but will remain alert to money laundering and other potential risks stemming from their use, the head of the country’s central bank said. “As of now I see no basis for wanting to ... ( read original story ...)
Singapore needs to be on guard for inflation pickup: MAS
Singapore’s central bank chief said while inflation is still well below the historical average, policy makers need to be proactive if a stronger economy results in a pickup in price pressures. Inflation will climb at some point if economic growth ... ( read original story ...)
OCBC Bank planning research push into rival market Hong Kong
SINGAPORE — Singapore’s second-largest lender has decided that the best place to expand its research is the Republic’s rival market Hong Kong. OCBC Bank plans to add coverage of 60 Hong Kong-listed stocks, with 14 to 20 started by year-end ... ( read original story ...)
Singapore Needs to Be on Guard for an Inflation Lift, Central Bank Chief Says
MAS stuck to its neutral currency policy earlier this month Singapore’s central bank chief said while inflation is still well below the historical average, policy makers need to be proactive if a stronger economy results in a pickup in price pressures. ( read original story ...)
Singapore’s Second-Largest Lender Plans a Push Into Hong Kong Research
That would supplement the roughly 50 firms already tracked by Bank of Singapore Ltd., OCBC’s private banking unit, she said. OCBC previously invested in mid-cap coverage of Singapore stocks in an attempt to dominate that area of its home market. ( read original story ...)
Singapore Telecommunications : Singtel, DBS attract record number of firms in third annual 99% SME Shopping Week
Singapore, 24 October, 2017 - Singtel and DBS today gave small and medium enterprises (SMEs) another boost by kicking off Singapore's only annual shopping event to rally support for SMEs' businesses. The third edition of the 99% SME Shopping Week was ... ( read original story ...)
Singapore’s new car cap will keep over 1,500 cars from hitting its roads in a year
Singapore’s Land Transport Authority (LTA) announced yesterday (Oct. 23) that it’s setting the new growth target for cars and motorcycles at 0%, replacing the present rate of 0.25%. The new target will come into effect from February next year. The body ... ( read original story ...)
Singapore bans additional cars from its roads from next February
Singapore is to freeze the number of cars and motorbikes on its cramped roads from next year. The city state – one of the most expensive places on the planet to buy a new car – only allowed a growth rate of 0.25% but that will be cut to zero from ... ( read original ...
Singapore Is Banning Additional Cars on Its Roads as the City-State Runs Out Of Space
Singapore is banning additional cars on its roads starting next February in an effort to curb over-congestion in the tiny city-state. Singapore’s Land Transport Authority (LTA) announced it would cut its permitted vehicle growth rate from 0.25% per year ... ( read original story ...)
IE Singapore partners IFC to help more Singapore firms venture into Asia and Africa
SINGAPORE - International Enterprise (IE) Singapore has signed a memorandum of understanding (MOU) with the International Finance Corporation (IFC), part of the World Bank Group, to help more Singapore companies access in-depth market insights and ... ( read original story ...)
Sea IPO: Stale Reaction To An Enlarged IPO
Shares of Sea, the Singapore-based internet and gaming company, began trading on October 20 on the NYSE. The company priced the IPO at $15, above the initial range of $12-$14, and ended up offering 60.3 million shares (20% above its original intention). ( read original story ...)
Singapore to freeze number of cars on its roads
Singapore, one of the most expensive places in the world to buy a vehicle, has announced it will freeze the number of private cars on its roads from next year but vowed to expand public transport. The growth cap for all passenger cars and motorcycles will ... ( read original story ...)