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 ...)
DISLODGED TOILET DOOR @ TPY HUB LEFT UNATTENDED, NOT SAFE FOR WOMEN
Went shopping with my hubby at Toa Payoh Central. Upon reaching, I had to visit the toilet and we came to this toilet just beside the POSB/DBS atm at HDB hub level one. The toilet was packed and I waited for my almost 15mins which is quite common for ... ( read original story ...)
21 Old school Singapore things to let your kids experience before they…
How about resolving to let your kids experience the simple joys of these old school Singapore things, before they disappear altogether? Children’s Day is here, and this year, we thought of taking a trip down memory lane. Remember those carefree days of ... ( read original story ...)
Faris scores as Singapore lose to Qatar in Asian Cup hit out
Jason Dasey and Dez Corkhill assess the lack of intensity in the S. League which may be factoring in the national team. Jason Dasey speaks with Faris Ramli about Singapore's upcoming fixture against Turkmenistan. Despite a fifth international goal from ... ( read original story ...)
Singapore Property Stocks Jump as Big Sales Buoy Sentiment
Shareholders of Singapore developers have another reason to rejoice: en-bloc sales are at a ten-year high, according to some estimates. A spate of en-bloc sales this week, or redevelopment deals in which a group of owners band together to sell apartment ... ( read original story ...)
Citigroup considering onshore cash equities business in China
FILE PHOTO - Reflections are seen on the glass facade of a Citibank branch in Beijing Thomson Reuters ... mainly at its Hong Kong and Singapore hubs, Richard Heyes told Reuters. Citi's sharpened focus on its Asia equities business, which includes stock ... ( read original story ...)
Is The FinTech Bubble About to Burst?
I’ve been fortunate to work closely within the FinTech ecosystem in Singapore/APAC and now presently here in ... There is a great quote taken from Walter Wriston, a former CEO of Citibank (1967-1984) “Information about money is more valuable than ... ( read original story ...)
Record $132k dished out to startups at Singapore social enterprise awards
Organized by DBS Foundation – the Singaporean bank’s social entrepreneurship initiative – and the National University of Singapore’s commercialization arm, NUS Enterprise, SVC Asia highlights innovative projects and business proposals that ... ( read original story ...)
Singapore Sling: Why post-Brexit Britain should look east for economic inspiration
Debate as to exactly what shape the UK’s Brexit deal with the EU will take will rage right up until the ink is dry on the final legal agreements – or perhaps there will be no deal at all. Realistically, the benefits to both sides are such that the UK ... ( read original story ...
Singapore stocks rally for second day as lenders advance
Singapore stocks gained for a second day on Friday ... It ended 0.78 percent higher on Thursday, taking the year-to-date performance to about 13 percent. United Overseas Bank gained 0.8 percent, Overseas-Chinese Banking Corp gained 0.4 percent and DBS ... ( read original story ...)
Singapore Media Regulator Partners with Asian Banks to Pilot Blockchain-based Customer Identification System
The banks are OCBC Bank, Mitsubishi UFJ Financial Group (MUFG), and HSBC Singapore. According to IMDA chief executive officer (CEO), Tan Kiat How, the trial forms part of their strategy to create a dynamic digital economy. "IMDA supports the ambitious use ... ( read original story ...)