Monetary Authority of Singapore said it has fined Credit Suisse and United Overseas Bank for 1MDB-related lapses. The central bank said it completed its two-year investigation into 1MDB fund flows, which saw it shut down and fined several financial ... ( read original story ...)
Singapore’s MAS completes 2yr review of banks in 1MDB deals
KUALA LUMPUR: The Monetary Authority of Singapore (MAS) has completed its two-year review of banks involved in 1MDB-related transactions known to-date. The regulator announced on Tuesday that it had imposed financial penalties on Credit Suisse and United ... ( read original story ...)
F-16s from Singapore, French A400Ms, U.S. F-16s taking part in Canadian exercise
Exercise MAPLE FLAG, the Royal Canadian Air Force’s largest and most complex international training event of the year, started May 29. It runs until June 23. Exercise MAPLE FLAG will bring together nearly 1600 Canadian Armed Forces personnel in ... ( read original story ...)
Singapore’s central bank ends 1MDB review, penalizes Credit Suisse, UOB
Malaysia's 1MDB, once a pet project of Prime Minister Najib Razak who chaired its advisory board, is the subject of money-laundering investigations in at least six countries including Switzerland, Singapore, and the United States. The Monetary Authority of ... ( read original story ...)
Singapore Morning News For May 30
Cambodia’s customs department counted less than 1 percent of the sand Singapore reported importing from Cambodia last year, according to trade statistics. Singapore’s central bank said on Tuesday that it has imposed financial penalties on Credit Suisse ... ( read original story ...)
Singapore Fines Credit Suisse, UOB After 1MDB-Linked Probe
Singapore fined Credit Suisse Group AG and United Overseas Bank Ltd. a total of S$1.6 million (S$1.2 million) after a two-year regulatory review of banks involved in fund flows linked to 1Malaysia Development Bhd., or 1MDB. Credit Suisse was fined S$ ... ( read original story ...)
Singapore government donates $138,490 to support Sri Lanka disaster relief
The Singapore government will make a US$100,000 (S$138,490) contribution to support disaster relief efforts in Sri Lanka following the loss of lives and destruction caused by heavy flooding and landslides across the country. The contribution was revealed ... ( read original story ...)
Singapore emerges as second largest trader of shark fin in the world
In a report released by wildlife trade monitoring group, TRAFFIC, it has been revealed that Singapore is now the second largest trader of shark fin. Hong Kong tops the list in terms of revenue, according to findings done in 2012-2013. The same report also ... ( read original story ...)
Singapore Dairy Market 2011-2017 – Research and Markets
Research and Markets has announced the addition of the "Singapore Dairy Market 2017" report to their offering. Industrial applications of dairy products should be treated with caution when comparing data across categories. For example, care should be taken ... ( read original story ...)
AlphaGo And The Future Of The Stock Market
How would a potential “god of the stock market” be used then ... only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Stanley Lim doesn’t own shares in any companies mentioned. ( read original story ...)
How Singapore exports its model for a Smart City
This tiny country has established itself as a model for smart urban development and exports its know-how to giants like India and China. Singapore is tiny, beside the giants of India and China; it nevertheless manages to play an important role where ... ( read original story ...)
KSH Holdings FY2017 net profit down 33.4%
With this, the company proposed “final and special cash dividends of 1.5 Singapore cents and 0.5 Singapore cent per share, respectively, bringing the total dividends declared in FY2017 to 3.25 cents per share”. KSH also proposed to issue one bonus ... ( read original story ...)
Prime Minister Lee Hsien Loong launches new E W Barker Centre for Law and Business at NUS
But Singapore's laws cannot be static because globalisation and technology are changing how business is done, he said at the launch of the E W Barker Centre for Law and Business. "Up to date, effective but not onerous regulation has become a new source of ... ( read original story ...)
Recruitment firm HRnetGroup going for $175m IPO on SGX
SINGAPORE -HRnetGroup, Singapore's largest recruitment firm, has lodged a preliminary prospectus for a listing on the mainboard of the Singapore Exchange with plans to start trading on June 16. The group expects to raise up to S$175 million by issuing 194 ... ( read original story ...)
This bank is betting that boat racing will bring in the millennial customers
Singapore-based bank DBS is hoping an aquatic event can help it ride the millennial wave. The bank is marketing directly to that generation — often defined as those aged 18 to 35 — for a regatta this Thursday to Sunday in downtown Singapore. ( read original story ...)
Singapore REITs to be seen as growth vehicles in the long term
We opine that AREIT’s business/science park and hi-tech portfolio (48% of overall portfolio value) will position it defensively against the slowdown in Singapore from the unprecedented simultaneous supply glut across other industrial segments," UOB ... ( read original story ...)