A deal has been sealed to sell some of the key EAP Group assets to a Singapore-based investment holding company, with Sri Lanka’s Central Bank giving the green light to proceed with the deal, Mirror Business learns. The assets that will be sold under the ... ( read original story ...)
Foreign demand returning to Singapore property
Aerial view of luxury properties in Keppel Bay. The surprisingly strong sales momentum witnessed at the recent launch of New Futura, in which foreigners accounted for close to 60 percent of the 48 units sold, indicates that foreign demand is returning to ... ( read original story ...)
DBS Indonesia joins ATM PRIMA Network to expand outreach
Bank DBS Indonesia, a subsidiary of Singapore's DBS Bank, has announced its collaboration with PT Rintis Sejahtera, the satellite communications company that owns the ATM PRIMA Network e-payment service, in a bid to expand its business and improve its ... ( read original story ...)
Nordea Bank navigates the highly regulated markets, the do’s, don’ts in Asia
Nordea Bank’s General Managers in China and Singapore talk to ScandAsia about how they navigate the many regulatory challenges and the importance of being on top of things to serve their customers well in a diverse region. Singapore-based Mr Corrado ... ( read original story ...)
Singapore shares open lower on Monday; STI down 0.6%
or two Singapore cents to S$1.08 with 3.7 million shares traded. Other active index stocks included DBS which was down 1.6 per cent to S$26.95; and OCBC Bank which fell 0.9 per cent to S$12.76. Topics: ( read original story ...)
Discover the analysis on Singapore credit card market share to 2021
Apart from these, Business Platinum Credit card by Standard Chartered Bank, UOB Platinum business card and Citibank ... are anticipated to propel the payment cards market of Singapore in the following years. ( read original story ...)
Will rising Development Charge affect property prices?
Development Charge (DC) in Singapore has been going up in several areas. The latest hike occurred February this year. This isn’t usually the sort of thing average Singaporeans pay attention to since it’s the property developers who pay such fees. ( read original story ...)
Singapore lords over world’s most expensive cities
A private car could set a buyer back by SGD70,000 (USD53,000) in Singapore. Prices of high-end property in the city could double by 2025, “assuming the government intervention won’t be too drastic,” according to Alex Schlaen, CEO of Panache ... ( read original story ...)
Why foreign home buyers prefer Singapore over prime cities’ property markets
Homes purchased by non-Singaporeans rose 63% in 2017, thanks to market recovery. Even if the New Futura (48 units sold out of 64 units) is the only major project launched so far in 2018, sales momentum has been surprisingly strong for the luxury ... ( read original story ...)
Prime cities’ property markets are being ignored for Singapore
Homes purchased by non-Singaporeans rose 63% in 2017, thanks to market recovery. Even if the New Futura (48 units sold out of 64 units) is the only major project launched so far in 2018, sales momentum has been surprisingly strong for a luxury residential ... ( read original story ...)
Australian property investors should not overlook Brisbane’s Brookhaven
Singapore may now be the biggest foreign investor in Australian property. And for investors who are keen to invest in Australian property but are unsure where to look, Brisbane is one city with good investment potential and relatively higher returns on ... ( read original story ...)
SINGAPORE FINTECH ASSOCIATION AND THE FINTECH ASSOCIATION OF JAPAN TO CULTIVATE FINTECH PARTNERSHIP
The organisation has also signed memorandums of understanding with institutions of higher learning in Singapore to support job creation at home and overseas. Here at Fintech Finance, we work with renowned executives in the industry to provide key decision ... ( read original story ...)
British Airways employee accused of raping senior flight attendant during stop in Singapore: report
A source for British Airways added to the Daily Mail that the airline sent a “replacement crew” to Singapore to staff the flight, and a manager to “manage the crisis.” The alleged incident follows news of a female American Airlines passenger who ... ( read original story ...)
Singapore factory output beats forecasts, concerns remain
According to trade agency International Enterprise Singapore, shipments of electronics fell 12.3% on year in February, declining for the third consecutive month after growing for most of 2017. Monday's data assuaged some concerns. "The manufacturing sector ... ( read original story ...)
UOB ventures into online travel marketplace business
SINGAPORE - United Overseas Bank (UOB) has launched an online travel platform that makes it easier for its customers to search, plan and book their holidays. Working with online travel giants Agoda and Expedia, UOB said that it is the first bank in South ... ( read original story ...)
Singapore could still thrive as regional LNG trading hub
The Energy Market Authority (EMA) has allowed companies to import spot LNG into Singapore from 2018, but total quantity is capped at 10% of Singapore’s long-term contracted pipeline gas and LNG supply. The terminal is also adding a Wobbe Index correction ... ( read original story ...)