OVERSEA-CHINESE Banking Corporation (OCBC) has established a US$10 billion global covered bond programme that will be available to certain non-US investors outside of the US. This programme, announced in a filing to the Singapore Exchange on Wednesday ... ( read original story ...)
Indonesia, Singapore sign banana exports contract
SINGAPORE: Indonesia’s biggest banana producer, Nusantara Tropical Farm, signed a memorandum of understanding with Benelux Flower and Food for its first Cavendish banana export to Singapore. The contract was signed during the Fruit Indonesia 2016 ... ( read original story ...)
Singapore exports slump in Q3, forecast for year downgraded
SINGAPORE: Exports in Singapore slumped in the third quarter, declining 5.4 per cent from the previous year, according to figures released by International Enterprise (IE) Singapore on Thursday (Nov 24). The contraction follows a 0.2 per cent decline in ... ( read original story ...)
Singapore downgrades 2016 GDP, exports f'casts after Q3 contraction
SINGAPORE, Nov 24 (Reuters) - Singapore downgraded its forecasts on economic growth and exports for 2016 after confirming a contraction in output in the third quarter, raising the risk of a recession amid fresh uncertainty around global trade under U.S ... ( read original story ...)
Singapore tests self-driving scooters to stop phone-obsessed walkers colliding into each other
In cities around the world, the spread of technology is giving rise to a unique problem – collisions between phone-obsessed walkers. But one group in Singapore believes it may have the answer in the form of a self-driving scooter. According to its makers ... ( read original story ...)
Singapore in the driving seat as it negotiates new Formula One deal
Singapore's government funds 60 percent of the S$150 million ($105.13 million) it costs to host the race each year After negotiating Singapore's current Formula One deal, Bernie Ecclestone said in 2012 the hardest thing was explaining to the authorities ... ( read original story ...)
Singapore Telco’s mobile revenue declines
SINGAPORE: Originally, there were three parties vying to be Singapore’s fourth telco, namely MyRepublic, TPG Telecom and airYotta. Last Wednesday, airYotta had to drop out from the race as it did not meet the Infocomm Media Development Authority’s ... ( read original story ...)
Defying disruption and embracing change in Singapore
With disruption highlighted as the defining challenge for Singapore's economy, small business owners can no longer rely on traditional brick-and-mortar stores for their survival. As technological change sweeps across many industries, what is key ... ( read original story ...)
Singapore best in Asia at adapting to new technology
Singapore is tops in Asia for its ability to transform itself in the face of digital disruptions, said a study by the Economist Intelligence Unit. Well-known "disruptions" include car-sharing app Uber affecting the taxi industry and streaming site Netflix ... ( read original story ...)
SGInnovate To Launch Singapore Into A.I. & Robotics Space
AsianScientist (Nov. 23, 2016) - SGInnovate, Singapore’s concerted effort to take deep technology to the world, was launched on Tuesday to great fanfare. The crowd of researchers, innovators, venture capitalists and industry mentors was treated to a ... ( read original story ...)
SGInnovate launched to unify innovation efforts in Singapore
Meanwhile, varsity partners including the National University of Singapore and Singapore Institute of Technology will also attach professors to SGInnovate to work with the industry players on areas such as AI, robotics, digital health and smart energy. ( read original story ...)
Travel itch among the affluent bumps card billings for UOB
SINGAPORE - UOB is gunning for 40 per cent growth in billings in its regional credit and debit cards base over four years, following an outperformance this year in this competitive market, a top executive said in an interview on Tuesday. This strategy will ... ( read original story ...)
Singapore draws largest share of IPO funds in S-E Asia
SINGAPORE: The Singapore Exchange (SGX) has topped its South-east Asian peers in attracting new listings so far this year, led by three large Reit listings. The market is likely to stay healthy next year with more property sector deals expected, analysts ... ( read original story ...)
Singapore in the driving seat as it negotiates new F1 deal
SINGAPORE After negotiating Singapore's current Formula One deal, Bernie Ecclestone said in 2012 the hardest thing was explaining to the authorities that "we don't race for free". Four years on, the F1 boss appears to be frustrated again as he tries to ... ( read original story ...)
Formula One's Ecclestone seeks 'long-term' Singapore deal
Formula One supremo Bernie Ecclestone said he wants to strike a "long-term" deal with Singapore this year, playing down earlier comments that the city-state is looking to drop its iconic night race. Ecclestone's latest statement provide some positive news ... ( read original story ...)
Singapore eyes more Spanish firms operating on the island
It is currently home to 200 Spanish businesses. More Spanish firms will be calling Singapore their casa as Parliamentary Secretary for Trade and Industry Low Yen Ling urged more business to anchor their operations in the city-state. At the Spain-Singapore ... ( read original story ...)