SINGAPORE, May 31 (Reuters) - Singapore’s total bank lending rose 0.8 percent in April from a month earlier as loans to businesses increased, central bank data showed on Thursday. Loans and advances by domestic banking units in the city-state amounted to ... ( read original story ...)
Losses loom for Singapore banks as Hyflux struggles to stay liquid: Moody’s
Half of the embattled firm’s debt comes in the form of unsecured bank loans. Around 30 local Singapore banks and foreign subsidiaries run the risk of registering losses as water treatment firm Hyflux struggles to stay afloat after it applied for court ... ( read original story ...)
AirAsia shares tumble as India probe threatens IPO plans
SINGAPORE/KUALA LUMPUR (Reuters) - AirAsia Group Bhd (AIRA.KL) shares plunged on Wednesday after federal police in India filed a case against the airline accusing it of corruption - a probe that threatens to delay its India unit’s IPO plans and ... ( read original story ...)
How chest-thumping nationalism killed potent stock connect between India & Singapore
A stock connect between India and Singapore, modeled on the popular Shanghai-Hong Kong ... and investors are fleeing emerging-market risk. So India wants all its equity derivative trading to go to … the boondocks. SGX clearly underestimated the zeal ... ( read original story ...)
Singapore bourse delays Indian futures launch amid legal dispute
Singapore’s stock exchange has delayed the launch of its new Indian ... who rely on SGX’s platform to manage the risks of their exposures to the Indian market, and significantly diminishes access to, and interest in the capital markets in India”. ( read original story ...)
Singapore & the future of finance: global lighthouse on a little island
In 1942, Austrian economic prophet Joseph Schumpeter coined the term “creative destruction.” Schumpeter envisioned innovation to be the key driver by which industries are “destroyed” and replaced with newer, more creative ones. This force is seen ... ( read original story ...)
Finance Twitter says Dr M will give LKY son the run for the money!
With 90% of the railroad project to be done in Malaysia, and most of the expenditure falling on the Malaysian government, was there really a need for Singapore to be involved? The Finance Twitter site said, Tun Dr Mahathir Mohamad is moving for the kill as ... ( read original story ...)
Genting Singapore may be the major victim of the dropped HSR project
Will Genting Singapore be the major victim of the the Malaysian Government’s decision to scrap the high-speed rail project between Singapore and Kuala Lumpur? The Prime Minister of Malaysia, Dr Mahathir Muhammad had yesterday in no uncertain terms ... ( read original story ...)
TH Group expects IPO in Singapore within next two years
TH Group may one-up Vietjet and VNG by becoming the first Vietnamese firm to have its stock listed on an overseas stock exchange. However, the IPO is planned for 2020, which leaves a lot of space for action for the other firms. The first phase of TH Group ... ( read original story ...)
Singapore Shares: Support Expected At 3,500 Points
The Singapore stock market headed south again on Friday, one session after it had halted the two-day slide in which it had fallen more than 50 points or 1.5 percent. The Straits Times Index now rests just beneath the 3,515-point plateau and it may tick ... ( read original story ...)
Boustead Singapore Limited’s Full-Year Earnings: What Investors Should Know
Boustead Singapore Limited (SGX: F9D), which was established in 1828, is a global service provider of infrastructure-related engineering services and geo-spatial technology. It has three business divisions: energy-related engineering; real estate solutions ... ( read original story ...)
Singapore Prepares for the AI Revolution
Initiatives like these will help encourage AI adoption across the Singapore economy and create opportunities for AI companies. This will generate jobs for programmers and engineers, as well as professionals with more traditional skills, such as finance ... ( read original story ...)
Singapore Warns 8 Crypto Exchanges Against Unauthorized Securities Trading
Singapore’s central bank and financial regulator has warned eight crypto exchanges against facilitating the trading of digital tokens deemed as securities and futures contracts without prior approval. In an announcement today, the Monetary Authority of ... ( read original story ...)
Stock Market, Commodity Market and Foreign Market Falls on account of Maharashtra Day
Globally, a host of stock markets, including those of China, South Korea, Singapore, Hong Kong ... flows -- at Rs 8,511 crore -- have done the rescue act, helping the stock market go higher. Investors are advised to keep an eye on stock tips for tomorrow ... ( read original story ...)
Oversea-Chinese Banking Corp Limited’s Stock Is Up By 25% Over The Last 12 Months: Is It Expensive Now?
But, we can still get some insight by comparing OCBC’s current valuations with the market’s ... David Kuo's personal investing club Stock Advisor Gold were recently rewarded with the biggest winner Motley Fool Singapore has seen to date In a special ... ( read original story ...)
The Week in Numbers: Singapore’s Economy Grows 4.4%
The Singapore economy expanded 4.4% year-on-year in the first quarter of 2018. This was 0.1 percentage point higher than analyst estimate of 4.3% and faster than the 3.6% growth in the previous quarter. The growth was largely due to a 9.8% surge in the ... ( read original story ...)