News Roundup (July 2017)

The penthouse is expected to test the endurance of demand for luxury property in Singapore, the segment of the market that suffered most from the government’s property cooling measures. Property consultancy JLL revealed that luxury home prices in the ... ( read original story ...)

Singapore: A haven of stability

Despite the sluggish market and weak economic outlook, Singapore is still considered a safe bet by foreign investors, according to analysts. Although the property cooling measures such as the Additional Buyer’s Stamp Duty (ABSD), imposed by the ... ( read original story ...)

OCBC Bank fights money laundering with AI double act

Singapore’s OCBC Bank has piloted two fintech solutions from a pair of start-ups as it looks to combat money laundering and terrorism financing via artificial intelligence (AI). The two firms involved – BlackSwan Technologies and Silent Eight – were ... ( read original story ...)

Singapore upbeat on more tourist arrivals from India

With a growth of over 8 per cent during 2016, and during January-April quarter of 2017, more than 3,50,000 Indian tourists visiting Singapore for either business holidays, the number continues to grow, GB Srithar, Regional Director, South Asia, Middle East ... ( read original story ...)

Singapore Airlines reviews nut policy after toddler scare

An allergy scare involving a three-year-old toddler has prompted Singapore Airlines to review the serving of nuts on board its flights. Marcus Daley suffers from anaphylaxis, a potentially life-threatening condition which can be triggered by food including ... ( read original story ...)

Property-bound Singapore capital now prefers home turf

THE capital flight to greener pastures abroad from Singapore has slowed to a trickle, amid a turnaround in the property market at home. Data compiled by Real Capital Analytics and Knight Frank Research shows that the number of outbound investment deals ... ( read original story ...)

UOB receives in-principle licence for Vietnamese subsidiary

Singapore’s United Overseas Bank has received the in-principle licence from the State Bank in Vietnam to open a subsidiary in the country. UOB is the first Singaporean bank to receive the licence for a foreign-owned subsidiary in Vietnam The bank will ... ( read original story ...)

Fintech adoption in Singapore lags other economies

Financial technology (fintech) adoption in Singapore lags far behind other economies around the world, a report by business consultancy EY said. But the report released on Tuesday added that the country is expected to catch up and exceed the global average ... ( read original story ...)

Singapore Stock Market May Extend Winning Streak

The winning streak has hit five sessions now for the Singapore stock market, which has advanced almost 120 points or 3.6 percent along the way. The Straits Times Index now rests just above the 3,325-point plateau and the market is looking at another green ... ( read original story ...)

Biggest IPO in six years, NetLink debuts on SGX

The company, which owns the fibre network that is the foundation of Singapore’s next generation nationwide broadband network, is the broadband unit of telecom company Singtel. The initial public offering (IPO) was two times subscribed with S$4.7 billion ... ( read original story ...)