SINGAPORE: Thailand’s monetary policy should remain accommodative to nurture the economic recovery and as inflationary pressure remains weak, central bank Governor Veerathai Santiprabhob said. Thailand is still in the “early stage of a recovery of ... ( read original story ...)
Singapore calls for more efforts to crowd in private capital on ASEAN infrastructure projects
Heng said that the infrastructure opportunities in ASEAN would require significant financing, when he delivered his keynote speech at the 8th World Bank-Singapore Infrastructure Finance Summit. He quoted Asian Development Bank's report as saying that for ... ( read original story ...)
Is Sun Life Financial Inc. or Bank of Nova Scotia Better for International Exposure?
Through its subsidiaries or partnerships, Sun Life has foreign operations in the U.K., Ireland, Hong Kong, Bermuda, India, Malaysia, Vietnam, the Philippines, Singapore ... the stock provides a yield of 3.5%. Bank of Nova Scotia’s international division ... ( read original story ...)
UN’s top court to hear Malaysia vs Singapore island row
After years of failed negotiations, the parties turned to ICJ, which in 2008 ruled the island belonged to Singapore. Another rocky outcrop called Middle Rocks was found to belong to Malaysia, while a low-tide bank called South Ledge was deemed to be in ... ( read original story ...)
Singapore’s 1Q GDP growth to exceed 4% on-year: Maybank forecasts
SINGAPORE (April 5): Maybank Kim Eng expects Singapore’s central bank to normalise and shift to a “slight appreciation bias” for the S$NEER band from its current neutral stance, which has been in place since April 2016. This comes prior to the MAS ... ( read original story ...)
Venture boss trumps bank CEOs with $12m pay cheque
Chairman and chief executive Wong Ngit Liong's remuneration package - not counting share-based payments - easily trumped the $5.5 million he reaped in 2016 and comfortably eclipsed what Singapore's ... while United Overseas Bank CEO Wee Ee Cheong saw ... ( read original story ...)
UPDATE 1-Four marine refuelling barges seized in Singapore over unpaid debt – source
Vessels seized on behalf of Maybank for unpaid debts - source (Updates to add responses from law firm, bank in 4th paragraph) SINGAPORE, April 5 (Reuters) - Four marine refuelling barges owned and operated by Vermont UM Shipping Pte Ltd were seized in ... ( read original story ...)
5 Things To Know Before Buying a Second Property In Singapore
For a start, here are 5 things you need to cover before you buy your second property in Singapore: 1) Your eligibility to buy ... taken from HDB or banks to purchase HDB flats, the monthly mortgage repayment instalment cannot exceed 30% of a borrower ... ( read original story ...)
UN’s top court to revisit Malaysia’s dispute with Singapore over island’s sovereignty
After years of failed negotiations, the parties turned to the court, which in 2008 ruled the island belonged to Singapore. Another rocky outcrop called Middle Rocks was found to belong to Malaysia, while a low-tide bank called South Ledge was deemed to ... ( read original story ...)
Why Singapore’s Central Bank Has No Key Rate
Singapore monetary policy can sound a little back-to-front. While for most countries tighter policy equates to higher borrowing costs, it’s not necessarily the case for the Asian city-state, where interest rates can rise when the central bank is ... ( read original story ...)
Here’s How You Can Benefit From The Singapore Property Market Upturn
The Singapore private property market seems to be in a recovery mode, after a four-year bear market. Flash estimates by the Urban Redevelopment Authority (URA) released on Monday, 2 April, showed that private home prices in Singapore rose by 3.1% in 2018 ... ( read original story ...)
What Expats Should Know Before Buying Their First Home in Singapore
Below, we outline some of the top things you should know before purchasing a property in Singapore as a foreigner. Before you even get approved for a flat in Singapore, you will have to apply online with the SLA and pay a nonrefundable S$1,220 fee. ( read original story ...)
Singapore law allows creditors to avoid losses from bank failures: Moody’s
Buffers for bail-ins only comprise 1%-2% of Singapore banks’ assets. According to Moody’s Investors Service, the Monetary Authority of Singapore (MAS) would likely save a failing domestic bank through a bailout, meaning the burden to save a bank would ... ( read original story ...)
MAS likely to bear burden of rescuing local failed bank: Moody’s
The Monetary Authority of Singapore (MAS) is more likely to resolve a failing bank by getting equity holders to pay the price than by forcing creditors to accept haircuts, Moody's Investors Service has said in a report. Citing a recent review of the ... ( read original story ...)
Burden of rescuing failed banks in Singapore likely to rest on MAS, shareholders: Moody’s
SINGAPORE - The Monetary Authority of Singapore (MAS) is more likely to resolve a failing bank by getting equity holders to pay the price than by forcing creditors to accept haircuts, Moody's Investors Service has said in a report. Citing a recent review ... ( read original story ...)
Tech Has Tough Weeks Ahead Says Bank of Singapore’s Nicholson
Apr.03 -- Bank of Singapore Head of Fixed Income and Discretionary Portfolio Management Gareth Nicholson discusses the markets and his investment thoughts. He speaks on "Bloomberg Daybreak: Middle East." ( read original story ...)