Singapore bans former Goldman Sachs banker linked to 1MDB

Leissner resigned from the bank in February 2016. "MAS will not tolerate conduct by any finance professional that threatens to undermine trust and confidence in Singapore’s financial system," Ong Chong Tee, a MAS deputy managing director, said in a ... ( read original story ...)

Singapore, Hong Kong property sectors go opposite ways

Home prices in Singapore have declined for the past three years. According to a report from Bloomberg, whether you look at prices or policy, the property markets in Singapore and Hong Kong are marching resolutely in opposite directions. Singapore has eased ... ( read original story ...)

Education funds planning for Singapore expats

Living costs in Singapore are among the highest in the world. Expats who move to the city-state can expect to pay large amounts for their accommodation and for day-to-day expenses. Car buyers in Singapore usually pay five to six times the price of a ... ( read original story ...)

Singapore Bourse May Extend Friday's Gains

(RTTNews.com) - The Singapore stock market turned higher again on Friday, one session after it had ended the two-day winning streak in which it had climbed almost 25 points or 0.7 percent. The Straits Times Index now rests just below the 3,135-point ... ( 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 ...)

Mild Support Tipped For Singapore Shares

(RTTNews.com) - The Singapore stock market on Thursday wrote a finish to the two-day winning streak in which it had climbed almost 25 points or 0.7 percent. The Straits Times Index now rests just below the 3,120-point plateau, although the market may find ... ( read original story ...)