On 16 March, we shared news of the new advisory on good HR practices for banks in Singapore, released by the tripartite partners. Among the major points, the advisory calls on banks to work towards redeploying and reskilling their workforce, and better ... ( read original story ...)
Bank of Singapore Seeks to Expand Its Family Office Business
Bank of Singapore, the private bank of Oversea-Chinese Banking Corp., is looking to expand its family office business as the city-state rolls out the red carpet for wealthy investors. “We are seeing increasing demand for families moving into the next ... ( read original story ...)
Seven job-seeker mistakes that Asian banking recruiters really hate
Are you dealing with a banking recruiter in HK or Singapore? Avoid doing all of these things if you actually want to find a job. https://news.efinancialcareers.com/sg-en/309905/asian-bankers-stuck-in-the-back-office/ If you’re looking for a banking job ... ( read original story ...)
Singapore bank DBS urged to stop financing coal-fired power projects in Vietnam
A view of Vinh Tan thermo-power plant in Binh Thuan Province. CHANGE, an environmental protection advocacy organization, has called for Singapore bank DBS to suspend funding coal-fired power projects in Vietnam - PHOTO: THANH HOA The organization told the ... ( read original story ...)
VP Bank Names Private Bank Head Singapore
Liechtenstein-based VP Bank Group named an industry veteran head of private banking at its Singapore business. The banker joins from a local rival. Pun joins from Standard Chartered private bank in Singapore where her last role was managing director and ... ( read original story ...)
Real Risk of ‘Devastating’ Trade War: Singapore Central Bank Chief
SINGAPORE (Reuters) - Singapore's central bank chief said on Thursday that there is now a real risk of a trade war that could deal a devastating blow to the global economy. U.S. President Donald Trump has recently imposed tariffs on steel and aluminum ... ( read original story ...)
Singapore and Lithuania agree fintech collaboration deal
The Monetary Authority of Singapore (MAS) and the Bank of Lithuania have agreed to work together to support the development of the FinTech ecosystems and encourage greater financial innovation in the two countries. The FinTech Co-operation Agreement ... ( read original story ...)
Yes Bank launches a digitised trade finance solution
The initiative aims to bring over one lakh trade transactions going entirely digital, across major geographies including China, US, Singapore, Germany and Hong Kong. BENGALURU: Private sector lender Yes Bank has launched a robotics based ‘Digital export ... ( read original story ...)
Singapore firms supplied North Korea’s top brass with luxury goods: UN report
a North Korean bank the US put on its sanctions list in 2017 OCN’s headquarters in Singapore However, the two companies denied any wrongdoing to the UN. T Specialist testified that the funds did not come from North Korea but from a company registered in ... ( read original story ...)
Effective engagement is key for banks in Singapore to retain customers, finds survey
SINGAPORE (March 15): Two-fifths (40%) of local retail banking customers in Singapore are ready to stop or cancel their services with a bank on the grounds of poor customer engagement, according to a recent study commissioned by customer experience & call ... ( read original story ...)
Central banks of Lithuania, Singapore to cooperate in fintech
The central banks of Lithuania and Singapore have signed an agreement on cooperation in the field of financial technologies, known as fintech, reports LETA/BNS. Photo: lb.lt The Bank of Lithuania said it had signed the deal with the Singaporean monetary ... ( read original story ...)
Singapore Shipping Association: Cash raising exercise
However, for Esben Poulsson there’s no time to celebrate, it’s more important to bolster some weaker parts of Singapore’s maritime jigsaw. The area the SSA president wants to boost the most is in finance. Going forward, Poulsson wants to make it as ... ( read original story ...)
Car costs make Singapore world’s priciest city. Again
The eye-watering cost of owning a car in space-starved Singapore means the city state is the world's most expensive place to live, for the fifth year in a row, a survey said Thursday. The Asian financial hub -- where owning a no-frills sedan can set you ... ( read original story ...)
Singapore’s big developers vulnerable to shocks amidst rising debt
In 2007, Singapore developers’ debt was only around 6% of the GDP, whilst in 2016, it has more than doubled to almost 14%. Despite a tightening of macroprudential measures and a slowdown in credit growth, the rise of property prices and debt accompanied ... ( read original story ...)
Singapore Bourse May Take Further Damage On Thursday
(RTTNews.com) - The Singapore stock market on Wednesday halted the four-day wining streak in which it had advanced more than 100 points or 3 percent. The Straits Times Index now rests just shy of the 3,540-point plateau and the losses may accelerate on ... ( read original story ...)
Singapore: President Halimah Yacob gives assent to Budget 2018
Facebook/Halimah Yacob/President's Office Singapore President Halimah Yacob said on on Tuesday ... Advisers)", who attended a detailed briefing on Budget 2018 by Ministry of Finance officials with her earlier this month. The CPA recommended Halimah to ... ( read original story ...)