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 ...)
Developers send Q1 property investment sales to new high
A FLURRY of land-banking activities by developers propelled Singapore's property investment sales market to its strongest quarter in the first three months this year. Preliminary estimates by property consultancy JLL show that some S$10.84 billion worth of ... ( read original story ...)
Singapore property auction sales in Q1 up 31% at S$19.97m
THE number of properties sold in auction sales rose to 11 units in the first quarter of 2018, from eight in the corresponding quarter a year ago. This was despite the number of new properties put up for sale staying unchanged year-on-year at 63 units in ... ( read original story ...)
Singapore private home prices jump, strengthening recovery
SINGAPORE (Nikkei Markets) -- Prices for private property in Singapore rose at a faster-than-expected pace in the first quarter, suggesting that the exuberance in the land market may have begun to filter through into related areas. For the January-March ... ( read original story ...)
DBS urges Singapore property buyers to be cautious
With more than 30,000 units in the pipeline and with more government land sales, Singapore property buyers are urged to be more cautious. 15 companies have submitted tenders for commercial and residential site at Holland Road. The Urban Redevelopment Board ... ( read original story ...)
Strongest first quarter on record for Singapore investment sales
Residential collective sales dominate with $5.83 billion worth of deals. Property investment sales in Singapore saw its best ever first quarter, reaching a staggering $10.84 billion in Q1 2018, according to preliminary figures from JLL. This is up a ... ( read original story ...)