More than 300,000 workers in Singapore have seen their salaries shrink by over 10 per cent because of the Covid-19 pandemic, with lower income groups hit the hardest and workers aged 35-44 ... ( read original story ...)
KS Energy: Debt owed OCBC less than $314m as reported
Beleaguered offshore marine company KS Energy clarified on Monday that a debt owed to OCBC Bank by its subsidiary KS Drilling was lower than US$230 million (S$314 million), as previously reported. The ... ( read original story ...)
Commentary: Singapore’s steady seven-month plan to get the economy back on track
But while those figures are sobering, hope that the Singapore economy has bottomed out springs eternal. After all, the second quarter was when the country was in the eye of the economic storm, facing ... ( read original story ...)
Singapore Leads Libor Exit With ‘Ground-Breaking’ Debt Sale
Standard Chartered Bank, Citibank NA and DBS Group are ready to trade SORA derivatives, according to a June statement. Read about: Singapore Pushes For Local Benchmark Reform Amid Libor Overhaul ... ( read original story ...)
Singapore Leads on Libor Replacement in Asia With Note Sale
(Bloomberg) -- Singapore is blazing a trail for Libor ... Eleven banks including Deutsche Bank AG, Standard Chartered Bank, Citibank NA and DBS Group Holdings Ltd. were ready to trade SORA ... ( read original story ...)
Singapore company sets up shop in Houston with eye on U.S. LNG market
Singapore liquefied natural gas company Delta Offshore Energy ... and writes for Texas Inc., a weekly Monday insert dedicated to covering the most powerful business leaders in Texas. Sergio was born ... ( read original story ...)
Singapore’s vital marine sector under pressure to restructure
The trouble goes beyond Singaporean companies. Swire Pacific, a Hong Kong-listed British conglomerate, announced on Thursday that its Singapore-based marine service business suffered a 22% drop in ... ( read original story ...)
Singapore: 100 new Cocid-19 cases – only one and two import cases
SINGAPORE, Aug 18 (The Straits Times/ANN): There were 100 new coronavirus cases confirmed as of Tuesday noon (Aug 18), taking Singapore's total to 55,938. They included one community case, who is ... ( read original story ...)
Singtel’s Latest Business Update: 3 Things You Should Know
Singapore Telecommunications Limited (SGX: Z74), or Singtel, has just released its first-quarter fiscal year 2021 business update. The telco seems to be suffering from the same issues that are ... ( read original story ...)
Singapore’s Cooking Lessons for the Post-Lockdown World
Social media and the web proved to be instrumental in getting business back. “We started by posting on ... The chef-owner of Tippling Club, a buzzy restaurant/bar on Tanjong Pagar Road in Singapore ... ( read original story ...)
Coronavirus live updates: U.S. averaging over 50,000 cases a day; Singapore announces more stimulus
The coronavirus has infected more than 21.7 million people across the world as of Monday, killing at least 775,900 people. ( read original story ...)
Favourite Credit Card Combinations To Max Out Cashback And Miles (As Used By SingSaver Staffers)
In Singapore, more than 56% own more than one credit card ... The only exception to this is at online stores, which have special DBS/POSB offers or discounts (i.e. Zalora), in which case I would use ... ( read original story ...)
Singapore adds extra stimulus to fight the pandemic – UOB
Economist at UOB Group Barnabas Gan reviewed the recent decision by the government to pump in extra stimulus aimed at fighting the impact of the coronavirus pandemic. “Singapore’s Finance Ministry has ... ( read original story ...)
Singapore’s DBS: Covid-19 fallout could widen income gap, threaten workers aged 35-44
What the Singapore-Malaysia border reopening means for coronavirus-era travel DBS senior economist Irvin Seah, lead author of the report, said the bank did not know the residency status of those ... ( read original story ...)
Workers aged 35 to 44 and lower-income earners hit hardest by pay cuts due to Covid-19: DBS report
the "DBS NAV Financial Health Series". These workers, who form the bulk of Singapore's workforce, enjoy fewer support measures compared to older workers, said DBS Group Research senior economist Irvin ... ( read original story ...)
Tencent-backed online brokerage Futu looks to cash in on Hong Kong IPO boom with plans to expand margin financing
It also said the growth in its interest income was partly helped by IPO financing due to an active IPO market ... had obtained an in-principal approval from the Monetary Authority of Singapore for a ... ( read original story ...)