12/15 LONDON STOCK EXCHANGE: Euro clearing may move from London but only after Brexit.. 12/14 LONDON STOCK EXCHANGE: Deutsche Boerse and LSE say EU's list of merger concerns.. 12/12 DJ BANK OF CYPRUS PUBLIC: Shareholders Are Set to Approve LSE Listing 12 ... ( read original story ...)
Singapore bond market faces $22b refinancing bill
This came as Fed raised policy rates by 25bp. According to Reuters, Singapore dollar bonds worth S$22 billion ($15.5 billion) are callable or due to mature next year, exposing issuers and investors to refinancing risks as borrowing costs rise in the US. ( read original story ...)
Singapore Airlines' passenger volume slips 1.2% in November
Due to weak demand from South West Pacific. Singapore Airlines ferried 1.52 million passengers last month, down 1.2% on a year-on-year basis. The drop was mainly due to an 8.1% reduction in demand from South West Pacific, which has been affected by ... ( read original story ...)
Singapore a winning bet
SINGAPORE: Despite being one of the world's top casino gambling ... At the Marina Bay Sands in the business district, the casino is cloistered in a huge complex dominated by an exhibition and convention centre and a shopping mall, facing the three imposing ... ( read original story ...)
Bank of Singapore eyes London foothold
Singapore’s second-biggest bank says Brexit is not all bad news for UK financial services even as the sector braces for a mass exodus of foreign banks. Bank of Singapore is considering setting up a private bank in the UK, its chief executive Bahren ... ( read original story ...)
Singapore the model for Japan's casino gamble
SINGAPORE: Despite being one of the world's top casino gambling destinations, Singapore is still just a shadow of Macau or Las Vegas, with just two casinos tucked away in sprawling resort facilities that beckon visitors with other delights besides betting. ( read original story ...)
Singapore exports unexpectedly jump in Nov
SINGAPORE: Singapore’s exports in November unexpectedly jumped, thanks to a sharp rise in shipments of pharmaceuticals as well as overall increases in sales to the European Union and China, but analysts say it’s too early to call a turn for the ... ( read original story ...)
Standard Chartered to Open a Fintech Innovation Lab in Singapore
Standard Chartered is the latest bank to jump on the fintech crazy train in Singapore. Today it announced the interestingly capitalized eXellerator, a new enterprise acceleration and innovation hub located in the city state. The new lab will build on ... ( read original story ...)
Singapore exports post surprise 11.5% expansion in November
thanks to stronger shipments of both non-electronics and electronics, trade agency International Enterprise (IE) Singapore said on Friday (Dec 16). The increase, a reversal from the 12 per cent contraction in October, beat economists’ expectations for ... ( read original story ...)
Singapore dollar will drop to '2009 recession levels' in six months as MAS set to cut rates
The Singapore dollar will drop further to levels it reached during the global financial crisis of 2009, an analyst credited with accurately predicting central bank decisions in the past has said. Singdollar is likely to fall past $1.45 against the US ... ( read original story ...)
Singapore exports surge, surprising experts
In the non-electronics sector, the highly volatile pharmaceutical exports soared 44.8%, after a 47.0% slump in the previous month. Production and exports of pharmaceutical drugs in Singapore often swings wildly as the sector is dominated by a small number ... ( read original story ...)
Singapore, Malaysia must try to increase fresh water supply from Johor River: Masagos
PUTRAJAYA: Singapore and Malaysia need to look at ways to increase the supply of fresh water from the Johor River, even as a new barrage there is already helping to make a difference, said Singapore Environment and Water Resources Minister Masagos Zulkifli ... ( read original story ...)
1MDB probe: Former BSI Bank director Yvonne Seah convicted
SINGAPORE: Former director at BSI Bank (Singapore) Yvonne Seah Yew Foong on Friday (Dec 16) pleaded guilty to charges stemming from Singapore’s probe into Malaysian scandal-hit state fund 1MDB. Seah, 45, pleaded guilty on Friday to three of seven charges ... ( read original story ...)
OCBC Offers Growth At A Reasonable Price
OCBC has the lowest level of NPLs of Singapore's three major banks. The bank has faced a declining NIM, but this is likely to improve with the rising SIBOR. The bank's GEH subsidiary will also benefit from rising rates and could see accelerated growth in ... ( read original story ...)
Instagram stops users from pretending to be in Singapore to go viral
Instragram has released an update that prevents users from tagging themselves in Singapore when they're not there in a bid to go viral. The update to its algorithm comes after a swathe of users realised geo-tagging their posts with Singapore gave them ... ( read original story ...)
Singapore jails second BSI banker on charges linked to 1MDB probe
SINGAPORE (Reuters) - A Singapore court on Friday jailed a second former banker from Swiss wealth manager BSI on charges stemming from a money laundering investigation linked to state investor 1Malaysia Development Bhd (1MDB). Yvonne Seah, 45, was ... ( read original story ...)