There is a rather good summary in Bloomberg on why Singapore’s Central Bank do not hold a Key Interest Rate. I think its a good read, a good refresh to go through some thought process when it comes to how externalities affect your Singapore investments ... ( read original story ...)
CBI questions ICICI Bank CEO Chanda Kochhar’s brother-in-law in Videocon deal investigation
Unidentified officials said Rajiv Kochhar was scheduled to fly to Singapore. “A team got Kochhar to the agency ... The CBI has initiated a preliminary inquiry to determine whether ICICI Bank broke the law by sanctioning the Rs 3,250-crore loan to ... ( read original story ...)
ASEAN finance ministers, central bank governors reaffirm commitment to AEC Blueprint 2025
SINGAPORE, April 6 (Xinhua) -- The ASEAN (the Association of Southeast Asian Nations) finance ministers and central Bank governors on Friday reaffirmed their commitment to the bloc's economic community blueprint 2025. The blueprint 2015 includes strategic ... ( read original story ...)
ICICI Bank loan case: CBI questions Rajiv Kochhar and Venugopal Dhoot’s close aide
ICICI Bank loan case: Rajiv Kochhar was questioned for the third consecutive day in connection with the case. According to the agency officials, he was asked about the role of his Singapore-based company Avista Advisory in the restructuring of loan ( read original story ...)
Nuo opens a cryptocurrency bank branch in Singapore – From virtual to an actual bank!
Varun Deshpande, the Co-Founder of Nuo, which is a virtual bank for cryptocurrencies, announced on Twitter that they are going to open a bank branch for cryptocurrency in Singapore. He also stated that they will open an ATM for cryptocurrencies as well. ( read original story ...)
Singapore seen poised for first monetary policy tightening in six years
SINGAPORE (Reuters) - Singapore’s central bank is expected to tighten monetary policy in April for the first time in six years, with economic growth seen solid enough to shift away from a stance associated with periods of acute weakness. Twelve of 19 ... ( read original story ...)
Bank of Thailand governor says accommodative policy needed
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 ...)