Singapore-based OCBC said the business is made up of a mortgage portfolio of about $1.7 billion and deposits of some $3.05 billion, according to a stock exchange filing Thursday. The purchase price will be determined based on the book value of the NAB ... ( read original story ...)
More consolidation in Asian private banking as OCBC to buy NAB's Singapore and Hong Kong business
Southeast Asia's second largest lender OCBC agrees to buy NAB's private wealth business in Singapore and Hong Kong. Agreement follows several similar deals over the past few years, which saw a few non-Asian banks exiting the region's wealth management ... ( read original story ...)
Here's what it's like to fly first class on Singapore Airlines, one of the best airlines in the world
Breakfast in bed and restaurant dining might not be what you picture when you think of air travel, but in first class on Singapore Airlines, it's all part of the service. The airline, named the third best in the world by consumer-aviation website Skytrax ... ( read original story ...)
Singapore Market May Sputter On Thursday
(RTTNews.com) - Ahead of Wednesday's holiday for Wesak Day, the Singapore stock market had moved higher in three straight sessions - advancing almost 25 points or 0.7 percent in that span. The Straits Times Index now rests just beneath the 3,250-point ... ( read original story ...)
Salaries surge at OCBC, but Singapore banks cut headcount
People are getting paid more at OCBC. But Singapore bank results show headcount is falling. http://news.efinancialcareers.com/sg-en/282133/dbs-technology-contractors/ The sudden addition of scores of expensive Barclays bankers to its ranks has helped ... ( read original story ...)
New Report and Forecast on Asia Pacific OTT video from Rethink Technology Research
We have further forecasts for Australia, Korea, Malaysia, Philippines, Singapore, Thailand and Taiwan. This report is essential reading for any company considering entry into these core markets in Asia Pacific. ( read original story ...)
Developers turn to VR technology to market new properties
SINGAPORE: With virtual reality (VR) technology, one can walk into a new mall, home or office space that has not been built yet. Developers are increasingly using such technology to help market new properties. Lendlease, for instance, is using a three ... ( read original story ...)
Singapore Pavilion opens at Venice Biennale
Singapore’s representative at the Biennale this year is pioneering multidisciplinary artist Zai Kuning, with Dapunta Hyang: Transmission of Knowledge, a culmination of more than 20 years of his research on Malay culture and history in Southeast Asia as ... ( read original story ...)
Kao Singapore and Hakuhodo promote Biore’s UV protection serum
Personal Care producer, Kao Singapore, has collaborated with advertising agency, Hakuhodo, to create a new campaign to boost the brand’s Bioré UV body care protective serum. Pairing up with Hakuhodo, Kao Singapore aims to optimise its storytelling ... ( read original story ...)
Singapore’s FinTech Industry Is on the Way to Global Leadership
Global financial services companies have their Asian satellites operating from Singapore including AmEx, Citibank, JPMorgan Chase, HSBC and numerous other international financial organizations. Singapore has one of the most forward-thinking governing ... ( read original story ...)
UOB injects $15m funds for solar projects in Singapore
The funding was given to Sunseap Group. Singapore banking giant United Overseas Bank (UOB) lent $15m to Sunseap Group for a series of solar projects in Singapore. The projects include the 9.5 MegaWatt peak (MWp) solar photovoltaic (PV) system at Jurong ... ( read original story ...)
Singapore's Noble flags $130 million loss in first quarter
SINGAPORE Singapore-listed commodities trader Noble Group Ltd (NOBG.SI) warned on Tuesday that it was likely to report a net loss of about $130 million for its first quarter. The company said its operating environment remained challenging and was "made ... ( read original story ...)
Flight check: Christchurch to Singapore aboard Singapore Airlines
The plane: A Boeing 777-200ER, 14 years old. Venerable workhorse of the SIA fleet. It's been wearing a track between Christchurch and Singapore for a while and is looking a bit tired inside now. On time: Yes for departure but no for arrival at Changi. ( read original story ...)
DBS to reduce carbon footprint in 3-year partnership with DHL
SINGAPORE—DBS Bank will partner logistics company DHL Express Singapore to reduce its carbon footprint, according to a joint press release by the two firms on Tuesday. The three-year partnership will enable the bank’s global express shipments to become ... ( read original story ...)
Singapore Morning News For May 10
Singapore’s Minister of State for Health, Chee Hong Tat, has announced a Government-Industry Partnership scheme as part of a multi-pronged ‘war on diabetes’. The strategy follows hot on the heals of him announcing in the Singapore Parliament mid last ... ( read original story ...)
RHB Bank gives Singapore football S$1.5m boost
SINGAPORE — It has been a turbulent few weeks for local football, with the sport reeling from revelations of amateur club Tiong Bahru Football Club’s (TBFC) S$500,000 donation to the Asean Football Federation, and a subsequent police raid on the ... ( read original story ...)