has started shifting more than US$100 million from a local Citibank account to a Citibank account in Singapore, according to an adviser involved in the transactions. "It's started. We're hearing ... ( read original story ...)
Singapore to Issue New Digital Banking Licenses to Non-Banks
Singapore will issue as many as five new digital bank licenses to non-bank firms as the island nation seeks to strengthen competition in financial services, according to one of its top regulators. “We ... ( read original story ...)
Hong Kong tycoons start moving assets to Singapore as fears rise over new extradition law
has started shifting more than $100 million from a local Citibank account to a Citibank account in Singapore, according to an adviser involved in the transactions. "It's started. We're hearing others ... ( read original story ...)
As Singapore relooks 2019 projections, economists warn of possible technical recession
SINGAPORE: With policymakers here reviewing their full-year ... delaying firms from their capital expenditure and hiring plans, and worsening business and consumer confidence. The increasing ... ( read original story ...)
Import of bottled water from Malaysia’s Malee Mineral Water banned after bacteria detected in samples: SFA
SINGAPORE - The Singapore Food Agency (SFA) has restricted the import of bottled water from Malaysian manufacturer Malee Mineral Water after bacteria was found in samples of products. In a circular ... ( read original story ...)
Singapore Tourism Accelerator Opens for Applications
Singapore Tourism Board seeks Filipino start ... STB and partner Found8 will select start-ups already at the prototyping or business development stage, as well as those that have piloted a ... ( read original story ...)
Singapore to allow virtual banks as part of move to open up market
SINGAPORE (Reuters) - Singapore’s central bank plans to issue up to five digital bank licenses to suitable applicants, in a move that could deliver the biggest shake-up in two decades in a market ... ( read original story ...)
SFA bans import of bottled water from Malaysia’s Malee Mineral Water
The import of all bottled drinking and mineral water from Malee Mineral Water has been banned after bacteria was detected in recent consignments. (Photo: Facebook / Malee Mineral Water Sdn Bhd) ... ( read original story ...)
Import of bottled water from Malee Mineral Water restricted after bacteria detected in samples: SFA
SINGAPORE - The Singapore Food Agency (SFA) has restricted the import of bottled water from Malaysian manufacturer Malee Mineral Water after bacteria was found in samples of products. In a circular ... ( read original story ...)
Prolonged uncertainty in Hong Kong won’t be good for Singapore: MAS chief
This may in turn benefit Singapore, the reports said. To that, Mr Menon said that based on data and engagement with financial institutions, there have been “no signs of significant shift in business ... ( read original story ...)
Singapore to offer up to five digital bank licences
SINGAPORE, June 28 (Reuters) - Singapore’s central bank said on Friday it would offer up to five digital bank licences to suitable applicants, in a move that could deliver the biggest shake-up in two ... ( read original story ...)
UOB in JV to form Shanghai finance company
SINGAPORE (June 28): United Overseas Bank (UOB) has entered into a joint venture that would help deepen the bank’s presence in China. UOB and Shenergy (Group) Company will take a 19.9% and 80.1% ... ( read original story ...)
UPDATE 1-China bans imports of crude oil contaminated with organic chloride
SINGAPORE/BEIJING — China has banned imports of crude oil containing more than 10 parts per million (ppm) of organic chloride, a contaminant that can damage refining equipment, the country’s ... ( read original story ...)
Singapore to Focus on Regional Deals as Trade War Thwarts Growth
Singapore will focus on regional trade and digital economic agreements to counter the impact of the U.S.-China trade war that’s weighing on the nation’s growth prospects and prompting some economists ... ( read original story ...)
Singapore PM Confirms That Central Bank is “Seriously Studying” Virtual Banking License
Singapore has already expressed their interest issuing virtual banking licenses, which could potentially admit fintech firms without a traditional bank branch at its core. Now, Singapore’s Prime ... ( read original story ...)
Singapore’s Central Bank Wants More Information on Facebook’s Libra Crypto
Singapore’s central bank, the Monetary Authority of Singapore (MAS), is seeking more information from Facebook about its recently unveiled cryptocurrency project, Libra. As reported by Bloomberg ... ( read original story ...)