The MAS has said it is important for Singapore to work smarter in fighting financial crime in areas such as the banks' approach to their "Know Your Customer (KYC)" due diligence and through use of technology. Every bank needs to perform this for all its ... ( read original story ...)
Here’s why Credit Suisse has cut 40 bankers in Asia
http://news.efinancialcareers.com/sg-en/291058/chris-aba-jpmorgan-singapore/ Credit Suisse’s headcount of ... raises questions about whether the bank can now achieve its target, announced by CEO Tidjane Thiam in 2015, of having 800 RMs in APAC by the ... ( read original story ...)
Rwanda takes a leaf out of Singapore’s vocational training books, embarks on TVETs
a case study of Singapore’s unemployment approach to Scale up the industry, upgrading labour skills and improving productivity on the back of TVETs. On July 17, 2017 the country signed a $120 Million loan from the World Bank part of which will be ... ( read original story ...)
Salim Group backs digital startup incubator
In May, Salim Group acquired a small Indonesian bank as part of a grand plan to develop digital ... Indonesia's Salim Group is partnering the National University of Singapore on the Jakarta hub of BLOCK71, its startup incubator network. ( read original story ...)
Goldman Optimistic About Crude Market Rebalancing
the investment bank noted. Data out of the US, Europe, Singapore and Japan point to overall inventory declines of 83 million barrels since March, according to Goldman's data. Robust demand in particular has sent spot prices outperforming two-year forward ... ( read original story ...)
Second-scale nuclear spin coherence time of ultracold
Research Laboratory of Electronics, Department of Physics, Massachusetts Institute of Technology, Cambridge, MA 02139, USA. 2 Center for Quantum Technologies, National University of Singapore, 3 Science Drive 2, Singapore 117543, Singapore. ( read original story ...)
Amazon Off to a Rocky Start In Southeast Asia
We are rapidly opening up new windows to ensure we can continue delighting customers in Singapore," it said in the statement ... toys and consumer electronics to name a few. The feature is part of its Prime membership that gives subscribers free shipping ... ( read original story ...)
Get a room: where to play escape games and solve mysteries in Singapore
Despite having just recently opened, The Fragment Room has already seen lots of damage to their furniture, crockery and electronics. But it’s all good, because at Singapore’s first rage room experience, customers pay for the licence to smash – while ... ( read original story ...)
Asian Stocks Slide as Technology Names Track U.S. Peers Lower
Singapore-based managing director and head of Asia research at Bank Julius Baer. "It’s a small correction for technology shares. They’ll probably bounce back because it’s not 2001 and they are not wildly overvalued." Samsung Electronics Co. was the b ... ( read original story ...)
Singapore unemployment rate eases in Q2
SINGAPORE: The uptrend seen since September 2016 was halted. The unemployment rate in Singapore moderated in the second quarter of the year, with the jobless rate amongst residents going down slightly from 3.2% to 3.1%. This is according to the preliminary ... ( read original story ...)
Global LNG prices lifted on demand from Japan and India
LONDON/SINGAPORE (Reuters) - Asian spot LNG prices extended gains with demand coming from India and Japan, while recent export disruptions from Peru left Royal Dutch Shell shopping for replacement supply. Higher prices triggered a supply-side response with ... ( read original story ...)
U.S. Coal Exports Soar, Revived in Part by New Energy Policy
Exports to Asia meanwhile, totaled 12.3 million tons ... off the Faroe Islands neighbouring the more mature UK North Sea… A merger between two of the Singapore’s largest offshore rig builders, Keppel Offshore & Marine and Sembcorp Marine, might ... ( read original story ...)
UK must address giant trade deficit, IMF warns
The current account deficit is made up of the trade deficit – as the UK imports more than it exports – combined with the balance ... demand and foster competition,” the IMF said. Singapore’s surplus of 19pc is the largest, followed by Thailand ... ( read original story ...)
Owners of Modern VLCCs Could See Rates Blip in Market Under Pressure
SINGAPORE, July 28 (Reuters ... Saudi Arabia and the United Arab Emirates said this week they would curb or cut exports in line with OPEC production targets. “The overall cut in Arabian Gulf crude exports may potentially lead to a month-on-month ... ( read original story ...)
China diesel demand expected to return to growth as economy improves
China H1 truck sales up over 22 percent year-on-year SINGAPORE, July 28 (Reuters ... That could cap increases in exports of the fuel from the world's second-biggest oil consumer, while bolstering benchmark Asian diesel margins already near 8-month ... ( read original story ...)
Modern VLCC Rates Under Pressure
"W44.50 is a horrible rate," said the Singapore broker. Freight rates could bounce again ... Saudi Arabia and the United Arab Emirates said this week they would curb or cut exports in line with OPEC production targets. "The overall cut in Arabian Gulf ... ( read original story ...)