Singapore is a major hub for the manufacture of legacy chips and has attracted new investment in recent years, lured by its relatively low tax rates and close geographical proximity to China, the ...
Ant’s Singapore digital bank Anext eyes growing demand from foreign firms
More than 30 per cent of the bank’s customers were foreign business owners, spanning 78 nationalities, as at the end of May. Read more at straitstimes.com.
Singapore, five other Asean economies see stronger investments
Singapore and five other Asean countries have received most of the investment flows as companies diversify their supply chains and adopt a China-plus-one strategy, economists said. Foreign direct ...
HSBC to open three wealth centres by 1Q25
SINGAPORE: HSBC will open three wealth centres in Singapore by the first quarter of 2025, the bank says. The three centres will be in the central business district (CBD) as well as the east and west ...
HSBC to open 3 wealth centres in Singapore by Q1 2025 as part of pivot to wealth banking
HSBC plans to open three wealth centres in Singapore by the first quarter of 2025, as part of its strategy to build its international and wealth propositions. Read more at The Business Times.
HSBC to open three wealth centres in Singapore by 1Q2025
HSBC is opening three wealth centres in Singapore by the first quarter of 2025, with the first one opening within this month at the central business district. The remaining two wealth centres will be ...
HSBC To Open 3 Wealth Centers in Singapore by 1Q25
Ashmita Acharya, HSBC's Head of Wealth Management and Personal Banking in Singapore, announced yesterday (4th) that HSBC will open three wealth centers in Singapore prior to the first quarter of next ...
Singapore retail sales worse than expected in April with 1.2% drop
Retail sales in Singapore fell in April, snapping three months of gains and coming in worse than expected, as tourist arrivals cooled. Takings at the till dropped 1.2 per cent in April from the ...
Singapore’s trade finance banks warned over environmental crime risks
The Monetary Authority of Singapore (MAS) has warned the city-state is vulnerable to criminals laundering the proceeds of environmental crime and is urging local banks to conduct greater scrutiny of ...
Bank of Canada cuts rates to 4.75%, signals more to come
The Bank of Canada cut interest rates by a quarter of a percentage point, making it the first Group of Seven central bank to kick off an easing cycle.
DBS chief economist optimistic about China’s growth outlook
According to the National Bureau of Statistics, China's GDP in the first quarter grew 5.3 percent year-on-year, beating expectations. With spiking optimism over China's economy, DBS decided to raise ...
Singapore to invest S$1m in research on how built environment affects mental health
At this year’s World Cities Summit, the Singapore Land Authority also announced a partnership with the Singapore Management University to tackle urban heat through map technology.
Singapore shares open lower on Wednesday—STI drops 0.1%
SINGAPORE: Singapore shares opened lower on Wednesday, June 5, after US stocks bounced back from a morning drop to close higher on Tuesday. According to The Business Times, the Straits Times Index ...
Corporate teams get free Standard Chartered Singapore Marathon Ekiden slots in exchange for fundraising commitment
AS MANY as 100 slots in the Ekiden category of this year’s Standard Chartered Singapore Marathon (SCSM) will be given out for free to corporate teams, if they commit to raise funds for the bank’s ...
Interview: DBS chief economist optimistic about China’s growth outlook
DBS, Singapore's major banking group, sees the supporting measures announced by the Chinese authorities over the last few months to boost the property market as substantial, said Baig. "Sorting out ...
Singapore unlikely to draw large data centre investments
Singapore is unlikely to attract large-scale investments in data centre capacity from foreign investors, despite its recent plans to increase its capacity, says a market report by BMI Research, a ...