A High Court hearing for OCBC Bank's application to bring the Lim family-run Xihe Holdings and four of its vessel-owning units under judicial management has been adjourned to Aug 13.. Read more at ... ( read original story ...)
Singapore Asks Banks to Restrict Their Dividends
Singapore’s central bank has asked locally incorporated lenders to cap their 2020 dividends at 60% of last year’s levels, to ensure a sufficient flow of loans as they confront the downturn triggered ... ( read original story ...)
Singapore ramps up volume of exports to Azerbaijan
Over the reporting period, the share of Singapore in the total volume of Azerbaijan's import grew from 0.23 percent to 0.34 percent of the total volume. In total, foreign trade operations between ... ( read original story ...)
The Fantasy and the Cyberpunk Futurism of Singapore
An eerily prescient moment in the landmark cyberpunk film Akira about nuclear destruction predicts the cancellation of the 2020 Tokyo Olympics. By preternatural coincidence, I taught the film in my ... ( read original story ...)
HSBC, Standard Chartered results likely to be hit by loan loss provisions once again, analysts say
Analysts expect HSBC and Standard Chartered to report a combined US$3.4 billion in loan loss provisions for the second quarter. ( read original story ...)
UPDATE 1-Hin Leong owners try to block OCBC from picking at shipping units
The family that owns beleaguered Singaporean oil trader Hin Leong Trading (HLT) is seeking to block a request from creditor OCBC that overseers be appointed for Xihe Holdings and four of the family's ... ( read original story ...)
The Johor-Singapore Causeway opens for business, slowly
Up for discussion this week: The world’s busiest land border crossing flickers back to life as Singapore and Malaysia agree on terms for ... Up for discussion this week: The world’s busiest land ... ( read original story ...)
$10k fine for woman who failed to alert the authorities about company’s business with N. Korea
SINGAPORE - A Singapore-based company unlawfully supplied luxury items worth more than $6 million to North Korea, and its shipping manager failed to alert the authorities about these transactions.. ( 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 ...)
Citi PremierMiles Card – MoneySmart Review 2020
Best Citibank Credit Cards in Singapore – Credit Card Reviews The Best Air Miles Credit Cards in Singapore Cashback vs Air Miles vs Rewards – Which credit card is best for you? The post Citi ... ( read original story ...)
Singapore PM’s nephew fined $11,000 for scandalising court
Singapore's high court fined the prime minister's nephew S$15,000 ($10,884) on Wednesday for scandalising the judiciary, in a long-running case related to a feud between the city-state's first family. ( read original story ...)
Southeast Asian IPOs show tentative revival as issuers brave markets
A handful of companies from the technology and consumer durables sectors are aiming to launch IPOs in Southeast Asia later this year, pointing to an upturn after pandemic-hit markets and weak economic ... ( read original story ...)
Asean IPOs show tentative revival as issuers brave markets
A handful of companies from the technology and consumer durables sectors are aiming to launch IPOs in Southeast Asia later this year, pointing to an upturn after pandemic-hit markets and weak economic ... ( read original story ...)
Ant’s IPO Bonanza for Silver Lake, Warburg, Carlyle
A raft of U.S. private equity firms backed by the country’s largest endowment and pension funds stands to reap big gains from Ant Group’s highly anticipated initial public offering, even as U.S. ( read original story ...)
Mindspace Business Parks REIT IPO oversubscribed on day two of bidding; issue closes today
Mindspace Business Parks REIT initial public offering (IPO) enters its third and final day today after being subscribed 1.23 times by investors so far. ( read original story ...)