Societe Generale SA is closing its trade commodity finance unit in Singapore after the collapse of Hin Leong Trading (Pte) Ltd. prompted the bank to halt fresh funding to such firms in the region. ( read original story ...)
Singapore’s Commercial Property Sector Still Subdued from Coronavirus Mid-Summer
Singapore property consultant Edmund Tie is reporting this week that despite a global COVID-19 outbreak, ample liquidity and a low-interest environment during the Coronavirus outbreak has continued to ... ( read original story ...)
Stalled Malaysia-Singapore metro link gets fresh push as ties thaw post-Mahathir
Resumption of the US$880 million project comes as the countries’ bilateral ties have stabilised under Malaysia’s new prime minister, Muhyiddin Yassin. ( read original story ...)
Singapore extends $60 bln swap facility with Fed through March 2021
Singapore's central bank and the U.S. Federal Reserve have extended a $60 billion swap facility through to March 2021 to bolster U.S dollar lending to firms in the city-state and the wider region, ... ( read original story ...)
Stress levels in Singapore’s corporate bond market rising as coronavirus takes its toll
With nearly US$12 billion worth of bonds set to mature in a deepening recession from now through next year, more financial distress and soured debt may be on the cards. ( read original story ...)
Singapore stock watch: SIA, Singapore banks, Sheng Siong, Hongkong Land, Sembcorp, Sembmarine
The following companies saw new developments that may affect trading of their securities on Thursday (July 30):. Read more at straitstimes.com. ( read original story ...)
Bitter fight erupts in Haldirams group over property after death of family elder
Mahesh Agarwal’s death in Singapore has triggered an ugly struggle over property which became public recently after two Haldiram stores in Kolkata were vandalised by hoodlums. ( read original story ...)
Australia fast-tracks US$16 billion plan to send solar power to Singapore
The project, which aims to link an Australian solar farm to Singapore via a 3,700km undersea cable, will begin marine survey work in August. ( read original story ...)
Coronavirus: Singapore reports highest retrenchment levels since 2009 global financial crisis
Pumping more money alone can’t prop up Singapore economy, minister says Singapore has since embarked on a gradual reopening of its economy as the number of coronavirus infections stabilises. Retail ... ( read original story ...)
Singapore’s Leader of the Opposition has new resources. Will they help with alternative policies?
While analysts say the new role signals a maturing of the island nation’s politics, they also flag its funding limitations and the need for full access to data. ( read original story ...)
Singapore PM Lee hopes US-China ties stabilise after election, says Hong Kong may reach ‘new normal’ with security law
China relations in order for us to have a secure and predictable environment in which we can make a living and live our lives’. ( read original story ...)
Police warn of spoof SMSes, with bank customers cheated of $600,000 from Jan to May
Scammers targeting bank customers in Singapore have cheated victims of at least $600,000 from January to May, the police said on Tuesday (July 28).. Read more at straitstimes.com. ( read original story ...)
Singapore Property Tycoon to Open 1,000 Cloud Kitchens Across Asia
Of all the ways our lives have changed during the coronavirus pandemic, few are as obvious as how, and where, we eat. ( read original story ...)
Property agent who sued couple for cancelling $316k cheque loses appeal
A property agent who lost her High Court bid last year to claim $316,000 from a married couple has failed again at the appeal stage - but this time, her case was thrown out for a different reason.. ( read original story ...)
A snapshot of Singapore’s property market in 2H2020
With general elections over on July 10 where Singapore’s ruling party still gained the majority share of votes, real estate consultants and listed property developer GuocoLand weighed in on what the ... ( read original story ...)
Singapore’s central bank says there are no ‘significant’ fund flows from Hong Kong
"We've seen increased flows into Singapore from a variety of destinations, of sources and that includes Hong Kong. But the amounts are not large," said Ravi Menon, managing director of the Monetary ... ( read original story ...)