As a tiny country with limited natural resources, Singapore built its outsized influence on the world as a hub of global finance. With the advent of progressive financial technologies eponymously named “Fintech”, Singapore is well ahead of the curve ... ( read original story ...)
Standard Chartered Bank and Allianz Announce 15-year General Insurance Partnership in Asia
SINGAPORE, Jan. 19, 2017 /PRNewswire/ -- Standard Chartered Bank and Allianz today announced a 15-year bancassurance agreement for the distribution of Allianz's general insurance products, including travel, personal accident, fire and motor insurance ... ( read original story ...)
UOB volunteers give back in time and money
Sixteen families had their homes painted and new furniture set up yesterday with the help of more than 100 volunteers from United Overseas Bank (UOB). Mrs Cher Ah Eng, 74, who lives with her husband and three grandchildren in a three-room flat, said it had ... ( read original story ...)
Hong Kong in Fiji preparing for Singapore leg of the HSBC World Sevens Series and qualifier
SINGAPORE, 17 Jan 2017 – The 2017 HSBC Singapore Rugby Sevens will see the participation of two top Asian sides as Hong Kong is confirmed as the wild card team. In Singapore, Hong Kong will line up alongside 15 other ‘core’ teams, including their ... ( read original story ...)
Ex-traders in Singapore guilty of cheating Deutsche Bank, HSBC
Former HSBC senior dealer Ivan Chng and ex-Deutsche Bank trader Toh Hway Khuan pleaded guilty in separate hearings in Singapore’s High Court today. The men both admitted to using their banks’ accounts in 2009 to get preferential rates on the dollar. ( read original story ...)
Standard Chartered digital marketing head Damien Cummings leaves bank amid acrimony
The Singapore-based global head of digital marketing at Standard Chartered Bank, Damien Cummings, has left the bank in acrimony after accusing the company of breaking promises and of making poor decisions. Cummings joined SCB in mid-2015 but his role has ... ( read original story ...)
Singapore to boost Asia's smart home market
Growth in the region is expected to reach US$115m in 2030. Singapore, amongst other highly-connected economies, will play a vital role in boosting Asia's smart home market, which is expected to reach US$115m in 2030. This would account for 30% of the ... ( read original story ...)
2 reasons why SPH's media business is on a slump
Weak business sentiment lowers spending on display ads. The growth in Singapore Press Holdings' earnings is largely dependent on its media business, which is highly affected by the city-state's economic prosperity of Singapore. According to UOB KayHian ... ( read original story ...)
Singapore Overtakes Hong Kong as Asia’s Top Financial Hub
Singapore boasts an agreeable business establishment and operation environment and promotes access to the burgeoning ASEAN region while featuring significant international linkages. Owing to its relationship with China, Hong Kong presents valuable ... ( read original story ...)
Time to relook monetary policy in Singapore?
Singapore's exchange rate-centred monetary policy was implemented ... lowering corporate tax rates and other steps to reduce the cost of doing business. In severe downturns, expansionary fiscal policy has been used (such as in 2009). ( read original story ...)
Swiss banker latest conviction in Singapore's 1MDB-linked cases
Jens Sturzenegger, a former branch manager at Falcon Private Bank in Singapore, became the first foreigner convicted in the city's probes linked to a Malaysian state investment fund. Sturzenegger, 42, pleaded guilty to six charges, including failing to ... ( read original story ...)
Singapore central bank chief: Policymakers need to keep calm and carry on amid currency swings
Policymakers will have to accept that their currencies will depreciate against the greenback as the U.S. begins its tightening cycle, Ravi Menon, Singapore's central bank chief, said on Monday. His comments came as currencies across Asia have tumbled in ... ( read original story ...)
Carcasses and 'liquid truths': The spellbinding world of Singapore Art Week
(CNN)Singapore's culture sector is developing rapidly -- thanks to a government stimulus in arts and heritage, as well as growing interest from the international community in Southeast Asian art. The fifth Singapore Art Week, which this year runs through ... ( read original story ...)
Singapore Forex Traders Admit Cheating On Deutsche Bank, HSBC
Former Deutsche Bank trader Toh Hway Khuan and HSBC senior dealer Ivan Chng have pleaded guilty in separate hearings today. Both have admitted to using their banks’ accounts in 2009 to get preferential rates on the dollar. The cases are unrelated. ( read original story ...)
Some DBS customers can now skip forex fees, conversion charges for overseas spending
SINGAPORE - Some holders of DBS' Visa Debit Card will now be able to spend overseas in the country's local currency while avoiding high foreign exchange and conversion fees. This is possible if their Visa debit card is linked to a DBS Multi-Currency ... ( read original story ...)
Singapore Technologies Engineering : ST Engineering's Electronics Arm Acquires 51% equity stake in SP Telecommunications Pte Ltd
Singapore, 18 January 2017 - Singapore Technologies Engineering Ltd (ST Engineering) today announced that its electronics arm, Singapore Technologies Electronics Limited (ST Electronics), has entered into a conditional share purchase agreement to acquire a ... ( read original story ...)