State-run Canara Bank, which has been struggling to sell non-core assets to shore up its poor core capital, today sold 13.45 per cent of its stake in its home finance arm Can Fin Homes to GIC of Singapore for Rs 753.8 crore or USD 113 million. State-run ... ( read original story ...)
UOB launches sale of dual currency covered bonds
This is Asia's first dual currency covered bonds issue. Singapore banking giant United Overseas Bank announced two sales of covered bonds comprising of two tranches, a US$500m 2.125% covered bonds and an EUR500m 0.125% covered bonds, both due 2022. ( read original story ...)
Singapore regulator eyes blockchain for settlement
The Monetary Authority of Singapore is in talks with group of financial institutions to use distributed ledger technology for domestic inter-bank payments and securities settlement, following the completion of a proof-of-concept project. The process ... ( read original story ...)
Canara Bank Sells 13.45% Stake In Can Fin Homes
State-run lender Canara Bank Ltd has sold a 13.45 per cent stake in Housing finance arm Can Fin Homes Ltd to Singapore-based Caladium Investment Pvt Ltd for Rs 754 crore, it said on Friday. The divestment is seen as a part of the monetization process of ... ( read original story ...)
Singapore 2nd on ranking of world's most innovative intellectual property offices
SINGAPORE - The Intellectual Property Office of Singapore (Ipos) has emerged as the first-runner up in a recent study of the world's most innovative IP offices, second only to the European Union, Ipos said in a press release on Thursday (March 9). ( read original story ...)
Singapore is working to become ‘Asia's Infrastructure Exchange'
Recognising the critical demand for infrastructure in the region, Singapore is launching itself as the infrastructure hub of Asia, senior minister of state for law and finance Indranee Rajah said. Speaking at the Asia-Pacific Energy & Infrastructure ... ( read original story ...)
China and Malaysia trump Singapore in number of women management roles
Singapore is the second-poorest performer amongst surveyed countries. The number of women in managerial positions has increased in Asia, according to global professional recruiting group Hays. The 2017 Hays Asia Salary Guide reveals that 31% of management ... ( read original story ...)
Mild Support Tipped For Singapore Shares
(RTTNews.com) - The Singapore stock market on Thursday wrote a finish to the two-day winning streak in which it had climbed almost 25 points or 0.7 percent. The Straits Times Index now rests just below the 3,120-point plateau, although the market may find ... ( read original story ...)
Singapore Shares Draw Flat Lead For Thursday
(RTTNews.com) - The Singapore stock market has tracked higher in two straight sessions, climbing almost 25 points or 0.7 percent along the way. The Straits Times Index now rests just above the 3,145-point plateau, although the market may be stuck in ... ( read original story ...)
Singapore to look into residential stamp duty loopholes
Legislative changes will be made to solve issues. The Singapore government will be working to review and solve several issues concerning the residential stamp duties. Speaking before the Parliament, National Development Minister Lawrence Wong said the ... ( read original story ...)
How do Singapore firms adopt diversity practices in their workplaces?
1 in 2 companies reflected an increase in the number of female job applicants. Singapore firms are starting to take a step further to embed a diverse and inclusive culture in their workplaces, as revealed by the latest study by the PwC. In the study ... ( read original story ...)
Singapore Exchange brings back lunch break, widens bid-offer spread
The Singapore Exchange (SGX) is bringing back lunch breaks and widening the bid-and-offer spread, giving up a faster-paced approach to boosting volumes made after a penny stock crash in 2013 that rattled confidence and saw retail business slump. ( read original story ...)
SGX rules at least 5% of mainboard IPOs must go to retail investors, starting May 2
SINGAPORE - The Singapore Exchange (SGX) will mandate all mainboard IPO companies to allocate to retail investors at least 5 per cent, or S$50 million, whichever is lower, of their offer size. The introduction of the minimum IPO allocation is aimed at ... ( read original story ...)
SGX mandates mainboard IPO firms to allot 5% for small investors
It is aimed to facilitate greater retail participation. Singapore exchange announced that it will be mandating all mainboard IPO companies to allocate at least 5% of $50m, whichever lower, to retail investors. According to Chew Sutat, SGX's Executive Vice ... ( read original story ...)
At least 5% of SGX mainboard IPOs to be set aside for retail investors
“We recognise that market forces are dynamic and will continue to monitor the public subscription trends of IPOs to ensure that the minimum allocation amounts are appropriate for the Singapore market,” said Mr Chew. ( read original story ...)
Banking on his new skills
He chose to pursue a Bachelor of Business in Banking and Finance (Double Major), awarded by Murdoch University, at Kaplan in Singapore because of the programme’s ideal duration and flexible study schedule. “With a diploma in banking and finance from ... ( read original story ...)