The Monetary Authority of Singapore (MAS) has opted to relax current rules regarding how finance companies provide loans to SMEs and startups. At the moment, a finance company faces a cap of 10% of capital funds for total uncollateralised lending ... ( read original story ...)
'Lack of clarity' on Trump a risk to growth: Singapore
Singapore's trade-driven economy rose faster than thought in 2016 but concerns over a "lack of clarity" on US President Donald Trump's policies could hit growth this year, the government said Friday. The economy expanded 2.0 percent in 2016, powered by a ... ( read original story ...)
Mortgage service firm OKs $225 million California settlement
SACRAMENTO, Calif. (AP) -- A mortgage services company signed a $225 million settlement with California regulators on Friday to settle allegations it overcharged active-duty military members, was late in providing key information for some civilian ... ( read original story ...)
MAS policy stance within 'planning parameters'; next move seen as tightening
SINGAPORE - Singapore's central bank is finding itself in a suitably comfortable position, and changes to its monetary policy approach seem unlikely for now. But should the Monetary Authority of Singapore (MAS) choose to move again later this year ... ( read original story ...)
Singapore PM expects FTA with Sri Lanka to be wrapped up this year
Singapore however is a country that has prospered with free trade and has unilaterally brought down import duties to make businesses efficient and prevent businesses from exploiting citizens, leading to high living standards. Since it has already given ... ( read original story ...)
Rivals Singapore and Hong Kong Fight to Snag the Hottest IPOs
Hong Kong and Singapore are at it again. The Asian financial hub rivals are reviving a debate on dual-class shares as global competition for the hottest initial public offerings intensifies. Singapore is a few steps ahead. Prime Minister Lee Hsien Loong ... ( read original story ...)
FARE ALERT: Amazing Singapore Airlines Business Class to Europe or Asia for Less Than $2000 Roundtrip
American Express, Citibank, Chase, and other banks are advertising partners ... And here may be the best recent deal yet: Singapore Airlines is running a business class sale, and it’s a really really good one with prices starting under $2000 roundtrip. ( read original story ...)
Singapore UOB’s Q4 profit falls 6% in 2016
SINGAPORE: United Overseas Bank (UOB) beat expectations in the fourth quarter, thanks to its capacity to limit damage from souring loans to the beleaguered oil and gas sector. Net profit for the three months to Dec 31 was down 6.2 per cent from a year ... ( read original story ...)
Singapore’s economy expands faster in Q4 2016, grows 2.6%
SINGAPORE: Singapore’s economy expanded faster than expected in the last three months of 2016, growing 2.9 per cent year-on-year, on the back of a late surge in the manufacturing and services sectors. The final economic data for October to December last ... ( read original story ...)
Singapore renames ‘Syonan’ second world war exhibition after public outcry
Singapore has renamed a second world war exhibition after the original title, which used the name given to the city-state by Japan under its brutal occupation, sparked a public outcry. This was never our intention [to cause hurt], and I am sorry for the ... ( read original story ...)
A family torn asunder: A mother hands her baby to a stranger. Her husband is marched off to barbaric prison. She is jailed on an island hellhole. Such was the fate of British …
Lynette’s ship was targeted by Japanese bombers almost as soon as it left Singapore, but somehow managed to make it across the Indian Ocean, and then on to the U-boat-infested Atlantic. Ruth would have to wait two and a half tortured years to learn if ... ( read original story ...)
Singapore's official Haj quota increases to 800 places
SINGAPORE: The Ministry of Haj and Umrah of Saudi Arabia have increased Singapore's official Haj quota to 800 places, Minister-in-charge of Muslim Affairs Yaacob Ibrahim announced on Friday (Feb 17). In a media release, the Islamic Religious Council of ... ( read original story ...)
Singapore's Growth Shock Masks a Duller Outlook for Economy
Singapore’s government has a message for anyone expecting great things following Friday’s surprise growth bounce: don’t hold your breath. The city-state’s economy will still only expand between 1 percent and 3 percent this year, policy makers said ... ( read original story ...)
Singapore stocks end up 0.35 pct
Singapore shares closed 0.35 percent higher on Friday, although some investors began to turn cautious and take profit after U.S. stocks fell overnight. Wall Street lost momentum on Thursday following U.S. President Donald Trump's first solo news conference ... ( read original story ...)
Hong Kong and Singapore property: One is winning over Chinese investors
Against a backdrop of an uncertain global macro environment, one constant continues to drive key Asian property markets: The Chinese buyer. Mainland China investors, and their growing appetite for overseas assets, have been a key theme for the property ... ( read original story ...)
Your HSBC Singapore Rugby 7s ticket may win you a Harley-Davidson
SINGAPORE — Anyone who has bought a ticket to the HSBC Singapore Rugby 7s now has a chance to ride away with a custom Harley-Davison Roadster decorated with a “made in Singapore” artwork. This comes after the iconic motorcycle manufacturer announced ... ( read original story ...)