that leaves plenty of room for growth in mobile internet usage. The report focused on six key markets in Southeast Asia — Thailand, Indonesia, Malaysia, Singapore, Vietnam, and the Philippines — and leveraged proprietary Google data and Temasek research. ( read original story ...)
Singapore Chip Assembler Global A&T Files for Bankruptcy in NY
Global A&T Electronics, a Singapore-based chip assembler that took on hefty debt a decade ago through a buyout by TPG Capital and Affinity Equity Partners, filed for bankruptcy as a 2013 debt exchange came back to haunt it. The chip-assembler listed debt ... ( read original story ...)
The overly pampered NETS enjoys a secured place in the payment industry
32 years ago, Singapore’s leading local banks back then – DBS Bank Ltd, Keppel Bank, OCBC Bank, OUB, POSB, Tat Lee Bank and United Overseas Bank Limited – founded Network for Electronic Transfers (NETS). The aim was to establish a debit network and ... ( read original story ...)
Nine in 10 Singapore SMEs successful in securing debt financing: Spring Singapore survey
Spring Singapore added that a top finance-related challenge for SMEs was managing delays in customers' payment which affected cash flow and working capital management. ( read original story ...)
Singapore – MAS Issues Guide To Digital Token Offerings.
On 14 November 2017, the Monetary Authority of Singapore (“MAS”) issued a guide to digital token offerings which provides general guidance on the application of securities laws in Singapore, in particular the Securities and Futures Act (“SFA”) and ... ( read original story ...)
Watson Farley seals new Singapore alliance after calling time on previous joint law venture
Wong is a banking and finance lawyer while Lim specialises in litigation. The firm, which has six directors, focuses on corporate and banking, litigation and arbitration and real estate. The deal hands Watson Farley a full-service Singapore law practice ... ( read original story ...)
‘Chennai 2 Singapore’ review: Spoofing romance
Chennai 2 Singapore is a non-serious attempt at making an adventure ... his Singaporean cameraman friend (Rajesh Balachandiran), to finance his girlfriend Roshini’s (played by Anju Kurian) cancer treatment. But, let the film’s plot not fool you ... ( read original story ...)
Singapore Online Insurer announces 200% YoY Revenue Growth from Online Sales
Etiqa is the first insurer to integrate with ‘MyInfo’, a digital data vault launched by Government Technology Agency of Singapore (GovTech) and the Ministry of Finance. With this, over 3.3 million consumers on SingPass can purchase insurance in record ... ( read original story ...)
Singapore: The choice of a new generation
Singapore Airlines, Nok Airlines PLC and Park Hotel Group. The summit took premiered new showcases from the all-new Finance industry sector track – bringing together retail banks, private wealth management, personal finance, fintech start-ups and ... ( read original story ...)
KL-Singapore High-Speed Rail to run 4 trains every hour when operations commence in 2026
MyHSR, which falls under the umbrella of Malaysia’s Ministry of Finance, is collaborating with the Land Transport Authority on the project. Out of the 350km line, only 15km will be in Singapore, The Straits Times noted. The project is scheduled to start ... ( read original story ...)
TransferTo and Fern Software Awarded Grant during the Singapore Fintech Festival
The grant has been awarded as part of the United Nations Capital Development Fund (UNCDF) Shaping Inclusive Finance Transformations (SHIFT) Challenge Fund Titled ‘Linking remittances as a catalyst for financial inclusion and women’s economic empowerm ... ( read original story ...)
Singapore Morning News For December 15
Half of Singapore’s business sectors need to improve their cash management to free up an additional $8.7 billion of liquidity that is tied up, according to a new study. It found that the drag in performance was due to a rise in the time taken to collect ... ( read original story ...)
Singaporeans make it to semi-finals of world championship of Vainglory, a US game with strong Singapore links
SINGAPORE - When US mobile game Vainglory was launched three years ago, its maker chose to release it first in Singapore. One of the game's key artists is Singaporean. And now, a Singapore team has made it to the semi-finals of the game's second world ... ( read original story ...)
Singapore’s million-dollar HDB hotspots
In this article, we delve deeper into the prices, locations and transaction volumes of these “million-dollar” flats. Singapore’s million-dollar HDBs hotspots Bishan and Toa Payoh “Hot areas” such as Bishan and Toa Payoh consistently attract ... ( read original story ...)
Singapore Army enhances rocket artillery capabilities
Singapore Army artillery forces operating the Lockheed Martin M142 227 mm High Mobility Artillery Rocket System (HIMARS) have been given a boost with the fielding of a new and more capable mobile battery command post (CP) as well as the introduction of the ... ( read original story ...)
Sense of underlying unease in Indian market, says DBS Bank
Singapore's DBS Bank said today. While the equity markets and rupee have held their ground, the "cautious mood" is most palpable in the debt markets, the multinational banking and financial services corporation said in a daily market report. DBS noted that ... ( read original story ...)