In his later years, he also opposed the sale of POSB (Post Office Savings Bank) to DBS (The Development Bank of Singapore) in 1998 during his last year in office. He felt that the sale was procedurally inappropriate and did not regard the president’s ... ( read original story ...)
PARKROYAL On Kitchener Road Crabs & Lobsters Buffet Is Back Until 30 April
UOB, DBS, POSB, Maybank and HSBC Cardholders promotion: S$129 for 2 Adults (minimum four persons to dine) All prices quoted are subject to GST and service charge. For reservations, call: +65 6428 3160 or email spicebrasserie.prskt@parkroyalhotels.com. ( read original story ...)
App for cashless payment at Koufu food court gets mixed response
SINGAPORE — A new app that helps customers cut down on time ... The one-time set-up is done by entering the particulars of the user’s DBS or POSB credit or debit card, or with the DBS PayLah! mobile app. Jimmy Shin, 21, a student intern, offered ... ( read original story ...)
Singapore Exports Surge Again as Demand from China Swells
Singapore’s exports rose again in January That makes a third straight month of gains But where the goods are going is as important The Singapore Dollar was steady against an already weaker US counterpart on Friday on news that is home’s export recovery ... ( read original story ...)
Singapore evaluating when, how best to impose carbon pricing
Singapore is set to impose a carbon price as it looks to cut greenhouse emissions to meet its commitments under the Paris Agreement, The Business Times has learnt. The government is now determining the timeline and what form of carbon pricing to take in ... ( read original story ...)
Why Hong Kong property is beating Singapore in wooing Chinese investors
Notably absent was the lack of concrete development plans announced for Singapore this year. The developer does not have a presence in Hong Kong. With rents in Hong Kong's central business district skyrocketing, some companies are setting their sights ... ( read original story ...)
Singapore economy picks up speed in fourth quarter, but Trump threat looms large
SINGAPORE Singapore's economy grew at a faster pace in the final 3 months of last year than initially thought, revised data showed, but the city state faces fresh challenges amid rising concerns of trade protectionism under U.S. President Donald Trump. ( read original story ...)
Tiny Singapore to revamp venture capital rules as it angles for a piece of Silicon Valley’s pie
Singapore, nicknamed the "little red dot," is eyeing a sliver of Silicon Valley's pie, aiming to attract venture capitalists to grow a stable of start-ups in the regional financial hub. Earlier this week, the Monetary Authority of Singapore (MAS ... ( read original story ...)
Singapore Is a Good Bunker Market to Be in for the Right Players: Cosulich
In addition to generally difficult global market conditions, bunker suppliers in Singapore have to contend with intense competition; nevertheless, it is still a good bunker market to be in for the right kind of players, Fratelli Cosulich CEO Timothy ... ( read original story ...)
Singapore economy speeds up in Q4, government warns of U.S. policy risks
SINGAPORE Singapore's economy grew at a faster pace in the final three months of last year than initially thought, but the government warned the outlook remained hostage to policy and protectionist risks in the United States. That uncertainty was reflected ... ( read original story ...)
Singapore fourth quarter GDP growth revised sharply higher as manufacturing surges
SINGAPORE Singapore's fourth-quarter economic growth was revised higher on Friday, helped by a sharp rebound in manufacturing, though there is heightened uncertainty about the outlook amid concerns about trade protectionism under U.S. President Donald Trump. ( read original story ...)
Singapore economy grows 2% in 2016, helped by strong Q4
SINGAPORE: Singapore's economy expanded 2 per cent last year, propped up by a strong showing in the fourth quarter as manufacturing output surged, according to data released by the Ministry of Trade and Industry (MTI) on Friday (Feb 17). The full-year GDP ... ( read original story ...)
Local universities roll out common course on Singapore's future
SINGAPORE: To prepare the next generation of citizens for the challenges that the country will face, a course named Singapore: Imagining the Next 50 Years will be offered across all six universities here. It was rolled out in at the National University ... ( read original story ...)
Singapore’s ST Telemedia expands datacentre footprint
ST Telemedia Global Data Centres (STT GDC) has opened three co-location facilities in Singapore, making it the latest communications service provider to invest in the country’s burgeoning datacentre space. By submitting your personal information, you ... ( read original story ...)
UOB's Q4 net profit fell 6.2% amid hit from oil industry exposure
Singapore's United Overseas Bank (UOB) reported on Friday its earnings for the fourth quarter slipped 6.2 per cent on-year to S$739 million. For the quarter, net interest income was stable at S$1.28 billion, with strong loan growth offset by a 10 basis ... ( read original story ...)
UOB Q4 profit drops 6%, better than expected, on lower total provisions
SINGAPORE - United Overseas Bank ... and the S$730.2 million forecast in a Bloomberg survey. UOB's net profit for the three months to Dec 31, 2016, came in at S$739 million from S$788 million a year ago, as revenue slipped 2.5 per cent to S$2.03 billion. ( read original story ...)