SINGAPORE Singapore's central bank will streamline regulatory requirements to allow banks to conduct or invest in non-financial e-commerce businesses, it said late on Tuesday. Finance Minister Heng Swee Keat, speaking at an event organised by the ... ( read original story ...)
New PayNow service enables funds transfer using mobile phones
Seven banks – Citibank Singapore, DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and United Overseas Bank – will offer this scheme from July 10, according to a statement by the Association of Banks in Singapore (ABS) on Tuesday (June 22). ( read original story ...)
Disruption looms for property sector as technology investments mount
Singapore-based Reidao is one such company that is tokenising ... "It is akin to the equities market 20 years ago when there wasn't a lot of technology for trading and visibility and transparency and market scoping," he said. In any case, it appears ... ( read original story ...)
Singapore listed 5th costliest city for expats
Singapore has been ranked as the fifth most expensive city for expats in Mercer’s annual Cost of Living Survey, reported Singapore Business Review. Emerging as the most expensive city in Asia, Hong Kong was surpassed by Luanda to take on the second place ... ( read original story ...)
Singapore Airlines to serve local dishes like chicken rice, nasi lemak in July
in collaboration with the Singapore Tourism Board, the airline said in a news release. The dishes were chosen through voting by customers in an online poll conducted on the carrier's website. Passengers travelling in suites, first class and business ... ( read original story ...)
Blockchain Technology Regulations: What US Can Learn From Singapore
Hundreds of entrepreneurs, venture capitalists, bitcoin collectors and blockchain aficionados crowded into the New York University auditorium last week for the first Token Summit. Outside, the world was damp, smothered by low-hanging clouds. Behind the ... ( read original story ...)
Philippines, Singapore push open banking system
MANILA, Philippines - The Philippines is set to pursue an agreement with Singapore as part of efforts to open up the banking industry aimed at greater financial integration and economic development among members of the Association of Southeast Asian ... ( read original story ...)
J.P. Morgan Singapore MD: New recruits must be like Jamie Dimon
http://news.efinancialcareers.com/sg-en/280206/rohit-chatterji-jpmorgan/ J.P. Morgan’s is adding client-facing staff to its Asian private bank this year and it wants them in the mould of CEO Jamie Dimon, says a Singapore-based managing director. ( read original story ...)
China risk has DBS rethinking mainland exposure
HONG KONG -- Like its peers here, the Hong Kong arm of Singapore's DBS Group Holdings has reaped increasing benefits from its mainland China-related business in the past several years. However, Hong Kong banks' rising reliance on the second largest economy ... ( read original story ...)
Singapore is falling behind Hong Kong, just do the math
Yet, despite benefiting from the world’s biggest market in terms of population size as its hinterland, the gap between Hong Kong’s GDP per capita and that of Singapore has widened, and is predicted to be about US$30,000 this year.-- Letters to the ... ( read original story ...)
Singapore Stock Market Likely Rangebound On Tuesday
(RTTNews.com) - Ahead of Monday's holiday for Eid-ul-Fitr, the Singapore stock market has turned lower again - one session after it had ended the two-day losing streak in which it had surrendered more than 45 points or 1.4 percent. The Straits Times Index ... ( read original story ...)
HSBC launches global social network for businesses
The hub will also give users access to HSBC data and reports. UK businesses that join the hub will be able to connect with organisations in Singapore, Canada, China, Hong Kong, India, Mexico, and the US. More countries will be added in the future. ( read original story ...)
1MDB: What Next for Scandal Bankers?
Sturzenegger, the only Swiss banker thus far to be charged over 1MDB, now faces the daunting task of restoring his reputation in Switzerland, where 1MDB rocked the banking sector nearly as much as in Singapore. The few remaining staff that Falcon maintains ... ( read original story ...)
SINGAPORE, LEG 3 ON THE SUMMER TOUR
MILAN - Singapore is the third leg on the 2017 Summer Tour. After the friendly against Schalke 04 in Changzhou and the International Champions Cup China in Nanjing, the Nerazzurri will head to the city-state in South-East Asia. Singapore has its own ... ( read original story ...)
Singapore Technologies Engineering : ST Engineering’s Electronics Arm Completes Acquisition of SP Telecommunications Pte Ltd
SINGAPORE, May 2-- Singapore Technologies Engineering issued the following news release: Singapore Technologies Engineering Ltd (ST Engineering) today announced that further to its announcement dated 18 January 2017, its electronics arm Singapore ... ( read original story ...)
Singapore Technologies Engineering : ST Electronics Unveils Latest Suite of Smart City Solutions at CommunicAsia 2017
SINGAPORE, May 23-- Singapore Technologies Engineering issued the following news release: Singapore Technologies Electronics Limited (ST Electronics) announced today at CommunicAsia 2017 its new suite of smart solutions that paves the way for developing ... ( read original story ...)