Time banking is one of several schemes featured in an episode of Challenge Tomorrow this Sunday (March 12), which looks at how Japan, the United States, Australia and Singapore, are managing aging issues. More countries like Singapore are looking at ways ... ( read original story ...)
Bert Stegink leads UBS Singapore
A well-experienced wealth manager is now leading UBS’s business in Singapore. UBS, Asia’s largest wealth management firm, named Bert Stegink to the position earlier this month. Stegink will enter the Swiss firm from Dutch lender ABN Amro Private Bank ... ( read original story ...)
Canara Bank sells 13.5% of home finance arm to GIC for Rs 754 cr
State-run Canara Bank, which has been struggling to sell non-core assets to shore up its poor core capital, today sold 13.45 per cent of its stake in its home finance arm Can Fin Homes to GIC of Singapore for Rs 753.8 crore or USD 113 million. State-run ... ( read original story ...)
UOB launches sale of dual currency covered bonds
This is Asia's first dual currency covered bonds issue. Singapore banking giant United Overseas Bank announced two sales of covered bonds comprising of two tranches, a US$500m 2.125% covered bonds and an EUR500m 0.125% covered bonds, both due 2022. ( read original story ...)
Singapore regulator eyes blockchain for settlement
The Monetary Authority of Singapore is in talks with group of financial institutions to use distributed ledger technology for domestic inter-bank payments and securities settlement, following the completion of a proof-of-concept project. The process ... ( read original story ...)
Canara Bank Sells 13.45% Stake In Can Fin Homes
State-run lender Canara Bank Ltd has sold a 13.45 per cent stake in Housing finance arm Can Fin Homes Ltd to Singapore-based Caladium Investment Pvt Ltd for Rs 754 crore, it said on Friday. The divestment is seen as a part of the monetization process of ... ( read original story ...)
Singapore keeps in place Fukushima food import curbs
TOKYO: Singapore is keeping in place curbs on food imports from Fukushima, which six years ago on Saturday (March 11) was hit by an earthquake, tsunami and nuclear disaster, the Agri-Food and Veterinary Authority of Singapore (AVA) said. This is despite ... ( read original story ...)
HSBC mulls former Prudential chief Mark Tucker for chairman
Europe's largest bank HSBC Holdings is planning to appoint former Prudential head Mark Tucker as chairman in the first stage of its management overhaul, according to reports. The bank is reportedly lining Mr Tucker up as Douglas Flint's replacement in ... ( read original story ...)
Water Price Hike Sparks Rare Public Protest in Singapore
SINGAPORE — More than 100 people gathered in Singapore's Speakers' Corner on Saturday for a rare protest against a government plan to hike water prices that has stirred discontent over sluggish economic growth and rising unemployment in the city-state. ( read original story ...)
SCB deepens push into fintech with fund outlay
SCB, through its fintech subsidiary Digital Ventures, announced this week a “significant investment” in Dymon Asia Ventures, the fintech-focused venture capital arm of Dymon Asia Capital. Singapore-based Dymon Asia was ranked by Bloomberg as the 10th ... ( read original story ...)
Singapore does not import chicken and eggs from Kelantan: AVA
SINGAPORE — Poultry and poultry products that Singapore imports from Malaysia are safe for consumption, the authorities here assured the public, following news of a bird flu outbreak in the Malaysian state of Kelantan. Existing measures will be stepped ... ( read original story ...)
Singapore teen seeking asylum in U.S. says he fears returning home
CHICAGO -- A teenage blogger awaiting a Chicago immigration judge's ruling on his asylum request to stay in the United States said Friday that he's afraid of returning home to Singapore, where he was jailed after posting scathing blog posts about the ... ( read original story ...)
Singapore 2nd on ranking of world's most innovative intellectual property offices
SINGAPORE - The Intellectual Property Office of Singapore (Ipos) has emerged as the first-runner up in a recent study of the world's most innovative IP offices, second only to the European Union, Ipos said in a press release on Thursday (March 9). ( read original story ...)
Tweaks to some property cooling measures will not have significant impact: Analysts
SINGAPORE: The Government’s tweaks to some residential property measures on Friday (Mar 10) are a timely move, but observers said these adjustments are unlikely to have a significant impact on the local property market. Even as the announcements marked ... ( read original story ...)
Deloitte lets Singapore athletes work and train
Deloitte did not consciously hire athletes but after it became an active member of Sport Singapore's Sports Excellence (Spex) Business Network in May 2014, there has been an influx. Spex Business Network is a programme that encourages companies to hire and ... ( read original story ...)
Singapore is least risky country in the world for investments: Euromoney survey
In 2007, Singapore was ranked 21 on the list, but has slowly climbed up the rankings. Over the past decade, only Switzerland or Norway have topped the survey. According to Euromoney, a monthly business and finance magazine, Norway dropped a spot this year ... ( read original story ...)