That’s the message Monetary Authority of Singapore Managing Director Ravi Menon has for pundits and investors trying to navigate the wave of technology euphoria sweeping the financial services industry. While technological innovations such as blockchain ... ( read original story ...)
554 new jobs at Singapore banks as headcount surges
... news.efinancialcareers.com/sg-en/299595/banks-singapore-analysts-associates/ Headcount at Singapore’s local banks has risen by 554 over the past 12 months, because of new hiring at UOB and post-takeover staff integration at DBS, partly offset by a ... ( read original story ...)
Singapore Revokes Transocean Oil’s Bunker License Over Falsification
As of January 1 this year, Singapore made mass flow meters (MFM ... said at the time that “the news that the bunkering licenses of the two companies won’t be renewed shows that the MPA is taking appropriate action against companies trying to circumvent ... ( read original story ...)
Foreign bank duped into transferring $4.4m to wrong account in Singapore
Employees of a bank in the Caribbean were duped into transferring more than $4.4 million of their client's money into a Singapore bank account in 2013. Yesterday, the court heard that staff at RBC Royal Bank (Trinidad and Tobago) made the error because ... ( read original story ...)
Singapore academic who warned of perils of small countries steps down
SINGAPORE, Nov 6 (Reuters) - The founding dean of a prominent Singapore school said on Monday he was stepping down, four months after he stirred a heated debate in the city-state with the comment that small countries like Singapore must "always behave like ... ( read original story ...)
Be a happy property consumer! Follow these 6 steps!
“Being new to Singapore, I’m glad that I had easy access to an agreement I could sign with the property agent who was helping me search for a rental property when I first arrived in Singapore. As this was my first time in Asia, I wanted to make sure ... ( read original story ...)
OCBC enables Face ID banking for customers
OCBC has become the first bank in Singapore to enable Face ID facial recognition technology for customers to make payments or view their bank account, credit card and investment information. OCBC has rolled out the enhancement to its consumer and business ... ( read original story ...)
Imports of Uncoated Copier Paper from Indonesia, Thailand and Singapore-Anti-dumping duty investigation initiated.
Authority (hereinafter referred to as the Authority) in accordance with the Customs Tariff Act, 1975 as amended from time to time (hereinafter referred to as the ‘Act’) and Customs Tariff (Identification, Assessment and Collection of Anti-Dumping Duty ... ( read original story ...)
DBS’s Overflowing Kitchen Sink
He has also worked for the Straits Times, ET NOW and Bloomberg News. If tropical Singapore had seasons, what its biggest bank just did would qualify as spring cleaning. DBS Group Holdings Ltd. is finally taking the broom to its exposure to troubled ... ( read original story ...)
DBS Q3 profit in surprise slide to five-year low on oil and gas provisions
SINGAPORE (Reuters) - Singapore’s DBS Group Holdings booked an unexpected slide in quarterly profit on Monday, with income falling 23 percent to a five-year low as it nearly doubled provisions for loans to the troubled oil and gas industry. Singapore ... ( read original story ...)
Singapore is losing Indonesian tourists
Tourist arrivals from Mainland China outpaced arrivals from Indonesia. Tourist arrivals from Mainland China to Singapore contributed 18.2% to total visitor arrivals, making the country the largest source market for tourism, JLL revealed. According to its ... ( read original story ...)
Unlock OCBC app with Face ID
It is the first bank in Singapore to launch this service for Apple customers. This service - known as OCBC OneLook - will use Apple's Face ID facial recognition technology to enable payments or the viewing of bank account, credit card and investment ... ( read original story ...)
The Week Ahead: Can DBS Trump OCBC and UOB?
We are about to enter the final stretch of the Singapore earning season. More than a dozen Straits Times Index (SGX: ^STI) are pencilled in for results next week. Airport-services outfit SATS (SGX: S58) recently announced a tie-up with Malaysian-based ... ( read original story ...)
Singapore Stock Market Index FTSE STI To Break Out In 2018?
The stock market index of Singapore, the FTSE STI, seems poised for a multi-year break out, and it could happen as early as the first days of 2018. Let’s take a look into this. Ever since Singapore which is the smallest country in South-East Asia ... ( read original story ...)
Reimagining Banking, DBS Launches World’s Largest Banking API Developer Platform
This has the potential to significantly accelerate the bank’s digital ambition and customer impact. With 155 APIs at launch for Singapore across more than 20 categories such as funds transfers, rewards, PayLah! and real-time payments, the platform will ... ( read original story ...)
Singapore kaya brand is market leader in South Korea
She said the response at the trade fair was "pretty good". There are no figures available for the export of Singapore food to South Korea. But the two countries are close trading partners with bilateral trade reaching US$19.2 billion (S$26 billion ... ( read original story ...)