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 ...)
DBS raises S$685m through first green bond by a local financial institution
SINGAPORE—DBS Group Holdings has launched Singapore’s first green bond by a financial institution. The US$500 million (S$685 million) floating rate green bonds will be issued with a five-year maturity, to yield a quarterly coupon of three-month US ... ( read original story ...)
Some banking services to be disrupted over 2 days in August, DBS warns
SINGAPORE — Customers of Singapore’s largest banking group DBS Bank may experience problems in accessing selected banking services on the DBS network over the first weekend of August, according to an email sent out to the bank’s clients seen by TODAY. ( 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 ...)
DBS warning: Some Singapore services to be disrupted over 2 days
On its notices and maintenance page on the bank’s website, it adds: “Some disruptions to DBS/POSB services can be expected due to the transfer of ANZ Singapore’s retail and wealth products.” DBS announced last year it had agreed to acquire ANZ ... ( 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 ...)
Singapore Annuls Marriage After Spouse’s Sex-Reassignment Surgery
Singapore has annulled a couple's marriage after the spouse's sex-reassignment surgery, the Straits Times newspaper reported on Wednesday, prompting an outcry from a group that campaigns for the rights of gay and transgender people. Same-sex marriage is ... ( read original story ...)
Traders Rejoice: Lunch Break Is Returning to Singapore’s Stock Market
Traders in Singapore soon won’t have to worry about being chained to their desks for lunch. Singapore Exchange, known as SGX, said earlier this week that it will reinstate a daily one-hour lunch break, in which trading will stop from noon to 1 p.m. local ... ( read original story ...)
32-year-old Singaporean jailed for importing chewing tobacco products in first such case
SINGAPORE - A man has been jailed for importing chewing tobacco products in the first such prosecution of its kind, the Health Sciences Authority (HSA) said on Thursday (July 20). Kavinthiran, a 32-year-old Singaporean, was given a four-week jail sentence ... ( 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 ...)