Officials from the Monetary Authority of Singapore (MAS) made the request last month to wealth managers, including DBS and a unit of Oversea-Chinese Banking Corp, the people said, declining to be ... ( read original story ...)
Singapore cautions wealth managers against aggressively courting Hong Kong business
"The message was that we shouldn't be taking undue advantage of what's going on in Hong Kong," a senior banking source said on condition of anonymity. Singapore has cautioned wealth managers against ... ( read original story ...)
Singapore’s Shock GDP Contraction Sends Warning for World Trade
(Bloomberg) -- An unexpected contraction in Singapore’s economy in the second quarter sent a warning shot to the world economy as simmering trade tensions wilt business confidence and activity. Gross ... ( read original story ...)
Go-Jek and SCB raise delivery app competition
Its services are considered to compete directly with Singapore-based Grab. Go-Jek's Get has 20,000 motorcycle drivers for food and parcel delivery and 20,000 restaurant partners, with 1 million ... ( read original story ...)
Strong demand for UOB’s $750 mil perps despite lowest yield for Basel III AT1 SGD issue
UOB is the sole Global Coordinator, and joint lead manager along with Australia and New Zealand Banking Group, Standard Chartered Bank (Singapore), HSBC Singapore Branch and UBS AG Singapore Branch. ... ( read original story ...)
Police, OCBC to automate data retrieval process for financial crime investigations
SINGAPORE: The data retrieval process between Singapore Police Force and OCBC bank will soon be automated to enable financial crime cases to be solved quickly and more efficiently, it was announced in ... ( read original story ...)
UOB prices $750m 3.58% perpetual securities
SINGAPORE - United Overseas Bank (UOB) has priced $750 million of 3.58 per cent additional tier one perpetual capital securities at an initial spread of 1.795 per cent above the seven-year Singapore ... ( read original story ...)