Fitch Ratings aims to review and resolve a rating watch negative (RWN) placed on DBS, OCBC and United Overseas Bank "in the next three months or so", the credit ratings agency said in a report on ... ( read original story ...)
Australia’s NWS condensate exports to drop in September on maintenance – sources
The exports of Australia's flagship North West Shelf (NWS) condensate will drop to three cargoes in September, down from four usually, due to a maintenance, two sources with knowledge of the matter ... ( read original story ...)
Singapore Oil Trader ZenRock Said to Be Winding Down by August
Troubled Singapore-based oil trader ZenRock has plans to wind down its business, with employees across offices in the city-state and China set to depart by August, according to people with knowledge ... ( read original story ...)
Rakuten Mobile readies to go global from new Singapore HQ
Rakuten Mobile says a lack of legacy infrastructure will give it the edge over traditional telecom networks when it comes to 5G rollout. ( read original story ...)
Singapore Stock Market May Challenge 2,700-Point Level
Volume was 1.86 billion shares worth 1.17 billion Singapore dollars. Among the actives, Yangzijiang Shipbuilding surged 3.70 percent, while Thai Beverage soared 3.60 percent, SembCorp Industries ... ( read original story ...)
Singapore Finds Staycations Can’t Fill $20 Billion Tourism Hole
In Indonesia, locals can soon fly from Jakarta to the beaches of Bali for a domestic vacation. Tokyo residents can escape the pandemic stress with a hike up Mount Fuji, and New Yorkers can head to the ... ( read original story ...)
Why Hong Kong cannot be another Singapore
I thought of that conversation as Beijing last week imposed a new national security law on Hong Kong. Among the territory’s business elite, there are many who hope that — once people get used to the ... ( read original story ...)
Virus tips Singapore politicians into social media face off
Packed rallies are out, along with their cheers and jeers. In comes the Internet, with its memes and trolls. The era of social distancing ushered in by the deadly coronavirus has forced Singapore's ... ( read original story ...)
Singapore GE2020: PSP’s Tan Cheng Bock says perennial election issues cannot be pushed aside, even during Covid-19
Bread and butter issues like CPF, jobs and housing matters continue to be important at the election even during the Covid-19 crisis, said Progress Singapore Party chief Tan Cheng Bock (PSP).. Read ... ( read original story ...)
Mobile-first HR tech platform Qualee banks $1m in seed funding
Singapore-based HR tech firm Qualee Technology said it has secured US$1 million in seed funding from US-based enterprise investor Tandem Technology Partners. Founded in 2018, Qualee’s proprietary ... ( read original story ...)
Indian-origin policewoman in Singapore sentenced for misappropriating ipads
Hemavathy Gunasekaran, 37, pawned the two police-issued iPads worth more than SGD 900 (USD 646) at a shop for which she received SGD 300 (USD 215) in return, the court heard. ( read original story ...)
Singapore’s Indies Raises $100 Million for Third Asian Fund
Indies Capital Partners, a Singapore-based alternative asset manager, has raised more than $100 million at the first close of its third flagship fund for structured credit and private equity deals in ... ( read original story ...)
‘No reason’ to hold Singapore’s general elections amid pandemic, says opposition party
"There's no way that an election held under these conditions can be free and fair," says Reform Party chief Kenneth Jeyaretnam, who emphasizes the need for Singapore's voters to embrace political ... ( read original story ...)
Singapore: The worst is behind for the high street? – UOB
Barnabas Gan, Economist at UOB Group, reviewed the latest retail sales figures in Singapore. Key Quotes “Singapore retail sales plunged by another 52.1% y/y in May 2020, a recor ... ( read original story ...)
DBS launches transition financing framework to help ‘less than dark-green’ industries
To bridge the gap between traditional and sustainable financing, DBS’s transition framework will facilitate the move of key industries towards a low-carbon economy. But transition financing ... ( read original story ...)
Covid-19 to ‘Weigh Heavily’ on Singapore’s Economy, PM Lee Says
Prime Minister Lee Hsien Loong said he’s determined to hand over Singapore “intact” and in “good working order” to the next generation of leaders, predicting the coronavirus crisis will “weigh heavily ... ( read original story ...)