The Singapore stock market headed south again on Friday, one day after it had ended the two-day slide in which it had lost almost 20 points or 0.6 percent. The Straits Times Index now rests just above ... ( read original story ...)
Singapore’s 2019 budget spells bad news for some
Singapore Finance Minister Heng Swee Keat made his Budget speech on 18 February 2019. This year is of greater significance, as it’s the city-state bicentennial year. As part of the commemoration, the ... ( read original story ...)
Grab, Razer and Revolut are hiring in Singapore. Banks aren’t happy about it
While banks sometimes partner with Singapore payments businesses ... stake but no bonus), while a similar position at a large bank can pay as much as S$380k, along with a bonus of about two ... ( read original story ...)
Singapore central bank consolidates IT divisions
The Monetary Authority of Singapore is consolidating its disparate technology functions under a single overarching structure. The new Technology Group will comprise the Data Analytics Group, Informati... ( read original story ...)
Singapore Bourse Expected To Turn Lower Again On Friday
The Singapore stock market on Thursday snapped the two-day slide in which it had lost almost 20 points or 0.6 percent. The Straits Times Index now rests just beneath the 3,230-point plateau although i... ( read original story ...)
Bonuses tumble at Deutsche in Hong Kong and Singapore as bankers seek exit
Deutsche’s private bankers in Hong Kong and Singapore have been well rewarded this bonus round and their division continues to hire, but bonuses in the corporate and investment bank (CIB ... ( read original story ...)
Why open banking is less about data and more about CX
At the recent Asian Financial Services Congress in Singapore, Tech Wire Asia heard about the good, the bad, and the ugly of the open banking system from several analysts, but there were two key takeaw... ( read original story ...)
BNP Paribas provides global custody services for China Merchants Bank
BNP Paribas Securities Services has been selected to provide global custody services to China Merchants Bank, Singapore (China Merchants Bank), according to an announcement made by BNP Paribas Securit... ( read original story ...)
Warburg-backed ESR files for HK IPO said could be worth up to $2 bil
(Mar 6): ESR, the logistics real estate platform backed by Warburg Pincus, is expected to carry out an IPO in Hong Kong within the next ... 5.7 million sqm of facilities across China, Japan, India, Si... ( read original story ...)
UBP obtains wholesale bank licence in Singapore
Union Bancaire Privée (UBP) announced that its Singapore branch, UBP Singapore, has received regulatory approval from the Monetary Authority of Singapore (MAS) for a wholesale bank licence. UBP Singap... ( read original story ...)
DBS bets on ‘poisoned chalice’ of India banking to lift profits
The Singapore bank is the only sizable foreign bank to have taken steps to set up a local unit after India announced relevant rules in 2013. The three largest foreign banks in the country - Citigroup, ... ( read original story ...)
Singapore’s finance hub status threatened by China’s ‘Greater Bay’
SINGAPORE -- China's ambitious Greater Bay Area project encompassing Hong Kong, Macao and nine cities in Guangdong could threaten Singapore's standing as a hub for finance and technology. ( read original story ...)
Singapore business confidence weakens for third straight quarter
Though the services sector had six indicators in expansionary zone for the second quarter, three of of the six indicators, namely new orders, inventory levels and employment, showed signs of downward ... ( read original story ...)
Union Bancaire Privée obtains wholesale bank license in Singapore
Union Bancaire Privée (UBP) announced on March 4 that its Singapore branch UBP Singapore has received regulatory approval from the Monetary Authority of Singapore (MAS) for a wholesale bank license. U... ( read original story ...)
Ipos named second most innovative intellectual property office in the world, first in Asia
SINGAPORE - The Intellectual Property Office of Singapore (Ipos) has clinched the No. 2 spot for being the most innovative intellectual property office in the world, according to a recent study of the ... ( read original story ...)
Here’s How Singapore-Listed Banks Performed in 2018
and United Overseas Bank Ltd (SGX: U11) are three major listed banks in Singapore. The trio, which make up around 40% of the Straits Times Index (SGX: ^STI), performed well financially in 2018. For in... ( read original story ...)