In 2021, when the world stepped into the second year of pandemic and credit markets started witnessing more volatility and stress, one bank stood out from the pack — HSBC. ( read original story ...)
UOB to ‘kill four birds with one stone’ by acquiring Citibank’s operations in the region for S$5b
United Overseas Bank (UOB) will be acquiring the consumer business of Citibank in four countries for around S$5 billion, in a move that would propel its status to a leading retail bank and card issuer ... ( read original story ...)
With 10% share price growth over two weeks, OCBC ‘positive’ on UOB’s acquisition of Citi assets
Post-acquisition, the bank expects an immediate $1 billion in incremental annual income uplift and asset growth through the expanded franchise,” writes OCBC Investment Resear ... ( read original story ...)
Citi to sell 4 Southeast Asia retail units to Singapore’s UOB for $3.65 bln
Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for S$4.915 billion ($3.65 billion), bringing the U.S. bank closer to its goal of ... ( read original story ...)
Citi to sell Southeast Asia retail business to Singapore’s UOB for $3.7 billion
Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for about S$5 billion ($3.7 billion), bringing the U.S. bank closer to its goal of ... ( read original story ...)
Avengers assemble to ward off Covid-19 in Singapore exhibition of Nian Hua prints
SINGAPORE - Walk into Sun Yat Sen Nanyang Memorial Hall and you will be greeted by prints of Marvel superheroes Iron Man and Captain America, but with a twist. . Read more at straitstimes.com. ( read original story ...)
Singapore busts network hawking contraband e-vaporisers via Telegram
Health Sciences Authority says smugglers and peddlers have tapped messaging apps, such as Telegram and WeChat, to advertise and sell e-vaporisers, which are prohibited in the country. ( read original story ...)
Singapore wants only data centres that are efficient
Singapore's trade minister says it will be "more selective" of data centres it will allow in the country, singling out facilities that demonstrate high "resource efficiency". ( read original story ...)
Buying a flat? Check how much direct sunlight it gets with new virtual 3D map of Singapore
Homebuyers can now see how much sun their potential new home will get, as well as surrounding amenities and other features, without having to do a home viewing. ( read original story ...)
Singapore crowned top maritime city again
The 2022 edition of the Leading Maritime Cities (LMC) report compiled by classification society DNV and Menon Economics was launched yesterday. Singapore’s retained its number 1 spot overall with ... ( read original story ...)
Singapore HSA seizes S$200,000 worth of e-vaporiser products after raids on Telegram distribution network
Almost S$200,000 (RM622,009) worth of electronic vaporisers and related components were seized after multiple raids targeting an e-vaporiser distribution network which operated on Telegram, said the ... ( read original story ...)
Citi to sell 4 Southeast Asia retail units to Singapore’s UOB for $3.65 billion
Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for S$4.915 billion ($3.65 billion), bringing the U.S. bank closer to its goal of ... ( read original story ...)
UOB to buy Citi’s consumer business in 4 Asean countries for about $4.9 billion
UOB said it would also bring onboard Citibank's 5,000 employees in the four countries, including senior leadership, after the deal closes. . Read more at straitstimes.com. ( read original story ...)
Singapore strengthens measures to deal with inflation
In the context of inflation being at its highest level in almost a decade, the Singaporean government has devised a multi-pronged strategy to minimise inflationary pressures on businesses and ... ( read original story ...)
China’s annual crude oil imports drop for first time in 20 years
China's annual crude oil imports slid 5.4per cent in 2021, dropping for the first time since 2001, as Beijing clamped down on the refining sector to curb excess domestic fuel production while refiners ... ( read original story ...)
Australian supply chain chaos that fuelled supermarket shortages creeps into exports to Hong Kong
Canberra has moved to ease Covid-induced labour shortages that tripped up domestic supply chains, but Asian importers are starting to feel the squeeze. ( read original story ...)