Singapore’s PayNow rolled out in July and has more than 500,000 ... In addition to writing features, news and blogs, he... ( read original story ...)
Singapore Morning News For October 6
Financial watchdogs in Europe and Asia are investigating Standard Chartered Plc over the transfer of US$1.4 billion (S$1.91 billion) of private bank client assets from Guernsey to Singapore ahead of new tax transparency rules, according to a source ... ( read original story ...)
REITs Focus: This is what’s happening with Hospitality REITs in Singapore 2017
These REITS typically own and manage hotels, that are hand-picked for their prime location within major cities, in countries like Singapore, Melbourne and London. A good management helps to ensure a steady stream of repeat bookings from business and ... ( read original story ...)
Singapore’s last surviving kampung knows its days are numbered
SINGAPORE: The sleepy rhythms of Kampung Lorong Buangkok are thrown off kilter with some regularity these days, and given the interest re-ignited in the area by this week’s Parliament sitting, things are set to get a lot busier for residents. If anything ... ( read original story ...)
Explore Stunning Singapore Open Venue Sentosa Golf Club
It’s a busy time for the club with a number of championships, both professional and amateur, in 2018, including the returning SMBC Singapore Open (18-21 January), The HSBC Women’s Champions (1-4 March), The Women’s Amateur Asia Pacific (21-24 ... ( read original story ...)
A Quick Review Of Singapore Technologies Engineering Ltd’s Electronics Business Performance
Singapore Technologies Engineering Ltd (SGX: S63), or STE in short, is a conglomerate with business interests in various sectors, namely Aerospace, Electronics, Land Systems, Marine and others. Given the complexity of this business, it may be useful that ... ( read original story ...)
Top foreign and local stories at 4pm
Singapore Airlines plans wide-ranging cost cuts to offset ... China said on Thursday it has approved HP Inc’s US$1.1 billion purchase of Samsung Electronics’ printer business with certain restrictions, citing concerns about the US firm’s dominance ... ( read original story ...)
Singapore’s Central Bank Plans to Regulate Bitcoin Payments
The minister for the Monetary Authority of Singapore (MAS), the nation's central banking authority, has said the institution is working to create a regulatory framework for bitcoin payments. In response to a question on the matter from an MP, Tharman ... ( read original story ...)
Standard Chartered Faces Inquiry Over $1.4 Billion Transfer by Indonesians
LONDON — Regulators in Guernsey and in Singapore have opened an inquiry into Standard Chartered over the transfer of about $1.4 billion by clients with links to the Indonesian military. Standard Chartered, which is based in London but does most of its ... ( read original story ...)
MOVES-DBS Bank names new chief economist
Oct 6 (Reuters) - Singapore-based DBS Bank, a unit of DBS Group Holdings Ltd, named Taimur Baig as chief economist and managing director for group research, replacing David Carbon, who is retiring. Baig will report to Timothy Wong, managing director and ... ( read original story ...)
Singapore Airlines plans cost cuts to offset competition
SINGAPORE: Singapore Airlines Ltd is pursuing more than 50 cost-cutting initiatives including reducing fuel burn and reviewing its relationship with key suppliers as part of a three-year plan to make the airline more competitive, a newsletter to staff ... ( read original story ...)
Standard Chartered $1.4bn Guernsey transfer investigated
A $1.4bn (£1.1bn) money transfer between the Guernsey and Singapore offices of Standard Chartered is under investigation by financial regulators. The assets were moved in 2015, before the Channel Island adopted new rules on exchanging tax information with ... ( read original story ...)
Godrej Agrovet IPO subscribed 97 times on last day
The Rs1,157 crore IPO comprised a fresh issue of shares worth Rs291.5 crore ... which at the upper end of the price band will fetch the Singapore state-owned investor about Rs565.8 crore. Temasek invested Rs572 crore in 2012. Post share sale, Temasek ... ( read original story ...)
Godrej Agrovet $178 million IPO subscribed over 95 times
Godrej Agrovet was selling new shares worth 2.92 billion rupees in the IPO. Its main shareholder Godrej Industries was selling secondary shares of 3 billion rupees, and a unit of Singapore’s Temasek Holdings offered 12.3 million shares. Anchor investors ... ( read original story ...)
Godrej Agrovet IPO subscribed over 95 times on last day
Government of Singapore, among others, at Rs 460 apiece. Godrej Industries owns 60.81 per cent stake in Godrej Agrovet and intends to use the IPO proceeds towards loan repayments and other general purposes. The company is the largest palm oil producer in ... ( read original story ...)
Singapore central bank to spearhead harnessing of blockchain tech for interbank payments
The Monetary Authority of Singapore (MAS) has formed a consortium with The Association of Banks in Singapore (ABS) to develop software prototypes for decentralised inter-bank payments and settlements using the blockchain technology. According to a joint ... ( read original story ...)