The Singapore private property market seems to be in a recovery mode, after a four-year bear market. Flash estimates by the Urban Redevelopment Authority (URA) released on Monday, 2 April, showed that private home prices in Singapore rose by 3.1% in 2018 ... ( read original story ...)
What Expats Should Know Before Buying Their First Home in Singapore
Below, we outline some of the top things you should know before purchasing a property in Singapore as a foreigner. Before you even get approved for a flat in Singapore, you will have to apply online with the SLA and pay a nonrefundable S$1,220 fee. ( read original story ...)
Singapore shares open higher on Wednesday
SINGAPORE: Shares opened 0.1 per cent higher on Wednesday, with the Straits Times Index up 3.91 points to 3,416.06 at 9.02am. About 46 million shares worth S$86 million in total changed hands as gainers outnumbered losers 86 to 37. The most actively traded ... ( read original story ...)
Singapore law allows creditors to avoid losses from bank failures: Moody’s
Buffers for bail-ins only comprise 1%-2% of Singapore banks’ assets. According to Moody’s Investors Service, the Monetary Authority of Singapore (MAS) would likely save a failing domestic bank through a bailout, meaning the burden to save a bank would ... ( read original story ...)
MAS likely to bear burden of rescuing local failed bank: Moody’s
The Monetary Authority of Singapore (MAS) is more likely to resolve a failing bank by getting equity holders to pay the price than by forcing creditors to accept haircuts, Moody's Investors Service has said in a report. Citing a recent review of the ... ( read original story ...)
Standard Chartered is said to start sale process for private equity unit
Singapore: Standard Chartered Plc, the UK bank with operations across Asia and Africa, is kicking off a sale process for its loss-making private equity unit, according to people with knowledge of the matter. Earlier this month, the bank sent so-called ... ( read original story ...)
Singapore fines Standard Chartered Bank, Trust
The Monetary Authority of Singapore (MAS) announced on March 19 it has imposed fines of 5.2 million SGD (about 3.95 million USD) on the Singapore branch of Standard Chartered Bank (SCBS), and 1.2 million SGD (about 910,000 million USD) on Standard ... ( read original story ...)
Standard Chartered hit by fine for money laundering breaches
Standard Chartered has been fined by regulators in Singapore for breaking money laundering and terrorism financing rules. The bank has been fined a total of 6.4m Singaporean dollars (£3.5m) by regulator the Monetary Authority of Singapore (MAS). ( read original story ...)
Standard Chartered Bonus$aver – Here’s How You Can Maximise The Interest Earned On This Deposit Account
This article is written in collaboration with Standard Chartered Bank (Singapore) Limited. All views expressed in the article are the independent opinions of DollarsAndSense.sg Building up savings is an important financial objective for many working adults. ( read original story ...)
Best Standard Chartered Credit Cards in Singapore – Credit Card Reviews 2018
The average Singaporean probably only knows of a couple of Standard Chartered credit cards – the Unlimited Cashback card and Spree card – but SCB actually has quite a number of credit cards on offer (some are either outdated or niche though). ( read original story ...)
Leading Standard Chartered investment banker joins Deloitte in Singapore
As Standard Chartered restructures its Asian investment banking team, Deloitte has nabbed one of its senior bankers in Singapore. https://news.efinancialcareers.com/sg-en/305561/bob-fabriz-standard-chartered/ Tanay Jain, who was responsible for Southeast ... ( read original story ...)
StanChart fined in Singapore for money laundering breaches
HONG KONG: Standard Chartered Plc units were fined S$6.4mil (US$4.9mil) for failing to meet Singapore’s anti-money laundering requirements, less than two years after it was punished for a similar breach in the city-state. The lender’s Singapore branch ... ( read original story ...)
Standard Chartered hit with money-laundering and terrorism fine
Standard Chartered has been slapped with a 5.2 million Singapore dollar (£2.8 million) fine for breaching anti-money laundering and anti-terrorism funding regulations. The fine, meted out by the Monetary Authority of Singapore, relates to transfers from ... ( read original story ...)
Singapore PMI expands 0.3 point to 53 in March
The growth was caused by higher factory output, new orders, and new exports. The March reading of Singapore Purchasing Managers’ Index (PMI) rose 0.3 point from the previous month to record a faster expansion at 53.0. According to the Singapore Institute ... ( read original story ...)
Singapore’s improvements in livability are the ninth best in Asia
Mercer global mobility practice leader in Asia Mario Ferraro told Singapore Business Review ... public transport networks, and broadband and mobile phone connections. “The percentage shown is the difference in the total index between 1998 and 2018 ... ( read original story ...)
Stressed banking professionals in Singapore and Hong Kong struggling to control remote teams
Are regional banking jobs in Singapore and Hong Kong worth the extra stress? https://news.efinancialcareers.com/sg-en/278229/beware-sg-hk-banking-recruiters/ Not so long ago, senior back-office managers in Singapore and Hong Kong enjoyed a secure ... ( read original story ...)