Singapore is ready for open banking, but regulators don’t want to force it on the financial services market, according to reports in Bloomberg. The publication said this week that the Monetary Authority of Singapore (MAS) prefers a more “organic ... ( read original story ...)
Home loan interest rates to be impacted by exchange rate tightening
Singapore’s home loan interest rates are expected to be impacted by the Monetary Authority of Singapore’s (MAS) tightening of the Singapore Dollar (SGD) exchange rate. MASho announced a measured change to policy today, allowing its currency to ... ( read original story ...)
Singapore watchdog sets interim measures for Uber-Grab deal
adding that Uber would continue to operate in Singapore until May 7 to smoothen the transition. Uber sold its Southeast Asian business to bigger local rival Grab, marking the U.S. company’s second retreat from an Asian market. Uber gets a 27.5 percent ... ( read original story ...)
Singapore March exports likely climbed marginally from last year: Reuters poll
SINGAPORE (Reuters) - Singapore’s non-oil domestic exports likely rose marginally in March from a year earlier, a Reuters poll showed on Friday, indicating that a strong growth in electronics shipments offset a high-base effect from last year. ( read original story ...)
Singapore uncertainty index up on US-China trade tensions
Rising US-China trade tensions are raising alarm bells in export-reliant Singapore, with an index measuring economic uncertainty climbing to a five-month high in March. The Economic Policy Uncertainty (EPU) Index for Singapore rose to 155 last month from ... ( read original story ...)
Singapore Allows Currency to Gain in Gradual Tightening Move
an economist at United Overseas Bank Ltd. in Singapore. “They were still appreciative of the possible risks,” especially on trade and “because of that, in October I think they should still maintain” the stance, he said. While growth in the export ... ( read original story ...)
Is Singapore Sri Lanka’s door to East Asia?
In spite of the two islands’ decades of warm diplomatic relations, Singapore comprised only 1.1 per cent of Sri Lanka’s exports and 5.3 per cent of imports in 2016. The agreement underlines Singapore’s serious search for trade and investment partners ... ( read original story ...)
Singapore and Chongqing aim to cut freight time between the two cities to as little as 5 days
CHONGQING - It now takes about a week to transport goods between Singapore and Chongqing but the two cities hope that this can be reduced to as little as five days, easing the import and export of fresh produce for instance. To realise such time savings ... ( read original story ...)
Singapore to test facial recognition on lampposts, stoking privacy fears
SINGAPORE (Reuters) - In the not too distant future, surveillance cameras sitting atop over 100,000 lampposts in Singapore could help authorities pick out and recognize faces in crowds across the island-state. The plan to install the cameras, which will be ... ( read original story ...)
Singapore watchdog sets interim terms for Uber-Grab deal
SINGAPORE (Reuters) - Singapore’s competition watchdog on Friday outlined a number of interim measures as it continued investigation into ride-hailing firm Grab’s deal to buy Uber Technologies’ business in the city-state. The Competition and Consumer ... ( read original story ...)
Singapore Turns India’s Nifty Into a Giraffe
Singapore Exchange Ltd. has announced a new product that an excited hedge-fund manager described to me as the "most brilliant use of finance." That's an exaggeration, of course, though with a large grain of truth. SGX will launch three derivative products ... ( read original story ...)
Singapore central bank’s first tightening in six years comes with trade warning
SINGAPORE (Reuters) - Singapore’s central bank tightened monetary policy for the first time in six years on Friday, saying the city-state’s economy is expected to continue growing steadily even as it acknowledged risks from a trade spat between the ... ( read original story ...)
Singapore’s central bank tightens monetary policy for first time in six years
Singapore's central bank tightened monetary policy for the first time in six years. Preliminary data showed its economy also grew more than expected in the first quarter from the previous quarter on an annualized basis, on the back of continued growth in ... ( read original story ...)
Yachts and superyachts descend on Singapore
The eighth edition of the Singapore Yacht Show is back this week. Southeast Asia is seeing increasing potential as a yachting region, industry players told CNBC, so expectations for the event were high. The marina on Singapore's Sentosa island will see ... ( read original story ...)
Singapore central bank joins global trend as it tightens policy
Singapore's central bank joined the global monetary policy tightening trend, supported by a solid economic growth outlook, even as a trade war brews between the city state's two largest trading partners. The Monetary Authority of Singapore, which uses the ... ( read original story ...)
Singapore central bank tightens monetary policy for first time in six years
SINGAPORE: Singapore's central bank tightened monetary policy for the first time in six years on Friday, saying the city-state's economy should continue to grow, even as it acknowledged risks from a possible escalation of U.S.-China trade tensions. ( read original story ...)