SINGAPORE - OCBC Bank's chief executive Samuel Tsien has got a 15.63 per cent increase in pay in 2017 from a year ago, the bank disclosed in its annual report on Friday (April 6). Mr Tsien received S$9.69 million in 2017. In 2016, his total remuneration ... ( read original story ...)
Singapore Morning News For April 6
Facebook admitted today that 65,009 Facebook users in Singapore may have had their information “improperly shared” with British political consultancy firm, Cambridge Analytica. These accounts are among the up to 87 million Facebook accounts worldwide ... ( read original story ...)
Bank of Thailand governor says accommodative policy needed
SINGAPORE: Thailand’s monetary policy should remain accommodative to nurture the economic recovery and as inflationary pressure remains weak, central bank Governor Veerathai Santiprabhob said. Thailand is still in the “early stage of a recovery of ... ( read original story ...)
Good design thinking ‘critical’ in transforming Singapore again: PM Lee
Speaking at the Singapore University of Technology and Design’s first Ministerial Forum on Thursday (Apr 5), Mr Lee also noted that there are many design issues to think about when reimagining Singapore. Good design thinking was a key reason for ... ( read original story ...)
Singapore calls for more efforts to crowd in private capital on ASEAN infrastructure projects
Heng said that the infrastructure opportunities in ASEAN would require significant financing, when he delivered his keynote speech at the 8th World Bank-Singapore Infrastructure Finance Summit. He quoted Asian Development Bank's report as saying that for ... ( read original story ...)
Is Sun Life Financial Inc. or Bank of Nova Scotia Better for International Exposure?
Through its subsidiaries or partnerships, Sun Life has foreign operations in the U.K., Ireland, Hong Kong, Bermuda, India, Malaysia, Vietnam, the Philippines, Singapore ... the stock provides a yield of 3.5%. Bank of Nova Scotia’s international division ... ( read original story ...)
UN’s top court to hear Malaysia vs Singapore island row
After years of failed negotiations, the parties turned to ICJ, which in 2008 ruled the island belonged to Singapore. Another rocky outcrop called Middle Rocks was found to belong to Malaysia, while a low-tide bank called South Ledge was deemed to be in ... ( read original story ...)
Singapore’s 1Q GDP growth to exceed 4% on-year: Maybank forecasts
SINGAPORE (April 5): Maybank Kim Eng expects Singapore’s central bank to normalise and shift to a “slight appreciation bias” for the S$NEER band from its current neutral stance, which has been in place since April 2016. This comes prior to the MAS ... ( read original story ...)
Venture boss trumps bank CEOs with $12m pay cheque
Chairman and chief executive Wong Ngit Liong's remuneration package - not counting share-based payments - easily trumped the $5.5 million he reaped in 2016 and comfortably eclipsed what Singapore's ... while United Overseas Bank CEO Wee Ee Cheong saw ... ( read original story ...)
UPDATE 1-Four marine refuelling barges seized in Singapore over unpaid debt – source
Vessels seized on behalf of Maybank for unpaid debts - source (Updates to add responses from law firm, bank in 4th paragraph) SINGAPORE, April 5 (Reuters) - Four marine refuelling barges owned and operated by Vermont UM Shipping Pte Ltd were seized in ... ( read original story ...)
5 Things To Know Before Buying a Second Property In Singapore
For a start, here are 5 things you need to cover before you buy your second property in Singapore: 1) Your eligibility to buy ... taken from HDB or banks to purchase HDB flats, the monthly mortgage repayment instalment cannot exceed 30% of a borrower ... ( read original story ...)
UN’s top court to revisit Malaysia’s dispute with Singapore over island’s sovereignty
After years of failed negotiations, the parties turned to the court, which in 2008 ruled the island belonged to Singapore. Another rocky outcrop called Middle Rocks was found to belong to Malaysia, while a low-tide bank called South Ledge was deemed to ... ( read original story ...)
16 Singapore banking jobs that pay $10k a month after just three years
You want a S$10k monthly salary by the time you’re an associate. These are the Singapore banking jobs where that’s possible. https://news.efinancialcareers.com/sg-en/278229/beware-sg-hk-banking-recruiters/ You’re an intern or analyst in Singapore ... ( read original story ...)
PM Lee calls for ‘reimagining of Singapore’
Good design involves not just the hardware aspects of engineering and architecture, or the application of technology, but needs a deep understanding of the softer aspects of how individuals behave and how society works, he added. Singapore should also ... ( read original story ...)
Singapore police say no threat to plane that doubled back after bomb alert
SINGAPORE (Reuters) - Two Singapore fighter jets escorted a civilian plane bound for Thailand safely back to the city-state on Thursday after a bomb threat by a passenger that turned out to be a false alarm. After searching the plane and the baggage of the ... ( read original story ...)
DBS targets 30% fewer corporate cheque payments by 2020
SINGAPORE - DBS Bank announced on Thursday (April 5) it will help its corporate clients reduce their cheque use by 30 per cent from current levels within the next two years, in a bid to help them keep pace with the increasing popularity of digital payments ... ( read original story ...)