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Tag: stock market

Posted on 16/07/2019

Billionaire James Dyson buys Singapore’s most expensive penthouse flat

British billionaire and bagless vacuum inventor Sir James Dyson has bought the biggest, highest and most expensive flat in Singapore, according to reports. Dyson and his wife splashed out 73.8 million ... ( read original story ...)

Posted on 15/07/2019

BitMarket Closes Down, Binance in Singapore: The Weekly Show

which will allow users to buy and sell cryptocurrencies with Singapore dollars (SGD). As Finance Magnates reported, initially, traders can access Bitcoin, Ethereum and Binance Coin on the new exchange ... ( read original story ...)

Posted on 15/07/2019

Singapore is not expecting full-year recession at this point: Heng Swee Keat

SINGAPORE — Singapore is not expecting a full-year recession ... Heng said in a Facebook post on Friday (12 July). Heng, who is also the Finance Minister, said the latest advance GDP estimates ... ( read original story ...)

Posted on 15/07/2019

One-third of people in Singapore see investing as a form of gambling: OCBC study

SINGAPORE — About 33 per cent of people in Singapore think of investing as a form of gambling, indicating that many lag behind when it comes to growing their wealth and preparing for retirement, ... ( read original story ...)

Posted on 15/07/2019

Singapore or Hong Kong. Who will win the virtual banking race?

Singapore is following in the footsteps of Hong Kong with its disruption of the city’s banking system. The development of virtual banking is likely to bring vitality to the economy and could even ... ( read original story ...)

Posted on 15/07/2019

Singapore economy: leaders ease recession fears as US-China trade war bites

Ex-Singapore finance chief Tharman Shanmugaratnam shortlisted for IMF top job, but will Europeans hand over the title? Heng, also finance minister, said the data reflected “heightened uncertainties ... ( read original story ...)

Posted on 15/07/2019

Singapore’s Top Performing Stock Under Siege After Budweiser Shelves IPO

Thai Beverage PCL’s crown as top performer in Singapore this year is under siege after rival Anheuser-Busch InBev NV shelved the initial public offering of its Asian unit to raise up to $9.8 billion. ... ( read original story ...)

Posted on 15/07/2019

Wilmar’s proposed China IPO moves forward with subsidiary’s Shenzhen listing

Meanwhile, Wilmar has obtained approval from the Singapore Securities Exchange Trading (SGX-ST) for the restructuring and spin-off of YKA as part of the proposed IPO. ... ( read original story ...)

Posted on 15/07/2019

Keppel Capital, KBS File for $813M IPO of US REIT in Singapore

Keppel Capital, together with partners from the US and Singapore, has filed the final paperwork to launch a $813 million Singapore IPO of a set of US commercial properties. according to a stock market ... ( read original story ...)

Posted on 15/07/2019

REIT IPOs lack institutional support and liquidity, say REITAS office bearers

Market observers have indicated that part of the problem stems from the way investment bankers market REIT IPOs. The Singapore Exchange saw two REIT IPOs in May with the listing of ARA US Hospitality ... ( read original story ...)

Posted on 14/07/2019

Regulatory, capital market reforms needed to revive Singapore’s stock market

Fundamental reforms to Singapore’s capital markets, pension system and how regulators interact with it are essential to revive our public equity market. A lack of reforms will inhibit its ... ( read original story ...)

Posted on 12/07/2019

Singapore cautions wealth managers against aggressively courting Hong Kong business

"The message was that we shouldn't be taking undue advantage of what's going on in Hong Kong," a senior banking source said on condition of anonymity. Singapore has cautioned wealth managers against ... ( read original story ...)

Posted on 12/07/2019

Singapore’s Shock GDP Contraction Sends Warning for World Trade

(Bloomberg) -- An unexpected contraction in Singapore’s economy in the second quarter sent a warning shot to the world economy as simmering trade tensions wilt business confidence and activity. Gross ... ( read original story ...)

Posted on 11/07/2019

Bank of Singapore’s Hong Kong CEO on Developing a Greater China Proposition

Tan has been with Bank of Singapore since 2010 and since January 2018 leads the overall strategy to drive the bank’s presence in Greater China and North Asia, with a strategic focus on the ... ( read original story ...)

Posted on 10/07/2019

Deutsche Bank employees in Singapore face looming threat of retrenchment as German firm carries massive overhaul globally

Deutsche Bank’s employees in Singapore are currently on edge as the German multinational investment bank and financial services company embarks on its sweeping restructuring plan, which will impact ... ( read original story ...)

Posted on 10/07/2019

Deutsche Bank axes 18,000 staff around the world, including Sydney, New York and London offices

Will clients stick with us or is the game over?” said a Singapore banker who remains in his job. Deutsche Bank has been operating in Australia since 1973. In Australia, the bank provides services ... ( read original story ...)

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