Under section 378 of the Singapore Penal Code, theft occurs when one dishonestly takes movable property out of another’s possession without that person’s consent. While it is possible to steal lost property, taking abandoned property will not be theft ... ( read original story ...)
Surprising Things About Singapore Property Auctions
This article first appeared on Frugal In Singapore. When most people hear the word “auction”, they think “distressed sale”. In many other parts of the world, this is mostly true. Although I own a few things from distressed sales and have bid in ... ( read original story ...)
Commerzbank runs into compliance trouble in Singapore
Singaporean authorities are close on Commerzbank’s heels. Source: AP Commerzbank has run into compliance trouble in Singapore, where officials have warned Germany’s second-largest bank that it didn’t check customers carefully enough under “Know ... ( read original story ...)
Singapore Deputy PM Says No Strong Case To Ban Cryptocurrency Trading
Singapore's central bank has been closely studying cryptocurrencies and the potential risks posed by them, and currently, there is no strong case to ban their trading, the city-state's Deputy Prime Minister Tharman Shanmugaratnam said. "Cryptocurrencies ... ( read original story ...)
Singapore says no strong case to ban cryptocurrency trading
SINGAPORE (Reuters) - Singapore’s central bank has been studying the potential risks posed by cryptocurrencies, but there is as yet no strong case to ban trading of the digital coins in the city-state, Deputy Prime Minister Tharman Shanmugaratnam said. ( read original story ...)
Bank of Singapore’s Nicholson Calls Rising Rates Biggest Risk
Feb.04 -- Bank of Singapore Head of Fixed Income Gareth Nicholson discusses the bond markets and his investment thoughts. he speaks on "Bloomberg Markets." ( read original story ...)
Singapore bank expects BSP to raise interest rates
DBS Bank of Singapore said Monday it expects the policy-setting Monetary Board of the Bangko Sentral ng Pilipinas to raise the benchmark interest rates in its meeting Thursday to control the accelerating inflation rate. DBS said in a report inflation in ... ( read original story ...)
Singapore Property Rebound Has Frasers’ CEO Chasing More Land
Singapore’s property rebound has the son of Thai billionaire Charoen Sirivadhanabhakdi chasing more land in the city-state, adding to signs the market is emerging from a four-year slump. Frasers Property Ltd. in December paid S$955.4 million ($727 ... ( read original story ...)
Singapore’s playground for the rich
Measuring just 5 sq km, Sentosa is a niche market. Offering a resort lifestyle just a bridge away from the city, Sentosa is the only place in Singapore that foreigners can buy landed property. Once a Malay graveyard and a British military base in the ... ( read original story ...)
Singapore bank lending weakens in December: MAS
SINGAPORE - Bank lending in Singapore was down 0.3 per cent in December from the previous month, preliminary data from the Monetary Authority of Singapore (MAS) on Wednesday (Jan 31) showed. This reversed from the 0.6 per cent month-on-month gain in November. ( read original story ...)
Singapore December bank lending rises 5.6 pct y/y
SINGAPORE, Jan 31 (Reuters) - Singapore’s total bank lending in December rose 5.6 percent from a year earlier, on increased lending to financial institutions and a rise in housing and bridging loans, central bank data showed on Wednesday. Loans and ... ( read original story ...)
Singapore witnesses less bank lending in December
SINGAPORE, Jan. 31 (Xinhua) -- Singapore's total loans and advances including bills financing of Domestic Banking Units (DBU) declined 0.27 percent month-on-month in December, to a predicted 651.93 billion Singapore dollars. This reversed from a 0.64 ... ( read original story ...)
River Ryan man accused of robbing Singapore bank facing extradition hearing in U.K. Thursday
James David Roach of River Ryan is shown in this file photo that had been made available by the Royal Thai Police. - Submitted RIVER RYAN, N.S. — A River Ryan man accused of robbing a bank in Singapore will be in court in the United Kingdom Thursday for ... ( read original story ...)
Singapore’s outbound property investments hit record in 2017
SINGAPORE monies that went into overseas real-estate investments last year rose by about 40 per cent to a record US$28.4 billion, up from US$20.4 billion in 2016 and upending the last high of US$27.6 billion in 2015. Sovereign wealth fund (SWF) GIC had a ... ( read original story ...)
Singapore’s overseas property investment soared 40% in 2017
Singapore’s overseas real estate investment surged by around 40 percent to a record US$28.4 billion (S$37.2 billion) in 2017, making it the fifth-biggest source of capital globally, after the US, Hong Kong, China and France, reported Business Times. ( read original story ...)
Singapore Overtakes China as Largest Asian Investor in U.S. Property
Singapore ousted China to become the biggest Asian investor in U.S. commercial property last year. It was the first time since 2012 that the city outspent China, according to data from Real Capital Analytics and Cushman & Wakefield Inc. Deals by Chinese ... ( read original story ...)