(Bloomberg) -- Deutsche Bank AG plans to review strategic options over coming weeks that include a capital increase and the partial sale of its asset-management business, according to people with knowledge of the plans. The supervisory board is scheduled ... ( read original story ...)
Deutsche Bank Said Near Plan on $10.6 Billion Capital Raise (1)
(Bloomberg) -- Deutsche Bank AG is nearing a plan to boost capital by more than 10 billion euros ($10.6 billion) through an equity offering and the partial sale of its asset management unit, according to people with knowledge of the discussions. The ... ( read original story ...)
The Call: UOB stays overweight on Singapore banks
SINGAPORE (Feb 22): UOB KayHian is maintaining its “overweight” rating on the local banking sector, keeping DBS Group Holdings and Oversea-Chinese Banking Corp as its top buys. In a Monday report, UOB lead analyst Jonathan Koh says the outlook for 2017 ... ( read original story ...)
DBS launches enhanced digital wealth platform
A new offering from DBS is a first in Singapore, according to the bank, by allowing clients to conduct their banking transactions, manage their wealth and also trade on a single platform. A new offering from DBS is a first in Singapore, according to the ... ( read original story ...)
Singapore dollar slides across the board as data show dismal outlook
The Singapore dollar has dropped against most major currencies on Friday as surveys showed private sector growth is slowing and inflation outlook remains subdued in the island economy. Despite the broad weakness in the US dollar, the Singdollar weakened ... ( read original story ...)
Singapore's private sector growth indicator slips to 4-month low
A general view of factories at an industrial park in Singapore September 16, 2014. Reuters Singapore's private sector growth indicator has dropped to a 4-month low in February, due to slower expansions in output, new orders and hiring, according to the ... ( read original story ...)
Singapore designed what could be the world’s best bus stop, with swings, books, and a rooftop garden
A bus stop in Jurong, Singapore. Singaporean firm DP Architects says it has designed a bus stop that “makes waiting fun.” The bus stop, first spotted by Citylab, features swings, books, a rooftop garden, bicycle parking, phone chargers, artwork by ... ( read original story ...)
Banking on boring but safe home mortgages
Last month, a DBS Bank staffer got rather worked up at a tweet which said "UOB has the highest new home loan market share in Singapore, at 31 per cent: CEO". This reporter was contacted and grilled on the matter, such as how UOB made such a claim ... ( read original story ...)
Mugabe, 93, flies to Singapore for 'medical review'
Zimbabwean President Robert Mugabe, who celebrated his 93rd birthday last week, flew to Singapore on Wednesday for a "scheduled medical review", his spokesman said. Mugabe appeared frail at his birthday party on Saturday, when he stood for more than an ... ( read original story ...)
Mastercard and Singapore’s transport authority test contactless cards while eying mobile payments
in Singapore have teamed up to launch a pilot programme enabling commuters to pay for transit fares using contactless payment cards through an account-based ticketing (ABT) system, reports Paybefore (Banking Technology‘s sister publication). Although ... ( read original story ...)
ERA owners exploring IPO for Singapore's biggest property agency
Northstar Group said it is in the early stage of exploring an initial public offering of Singapore's biggest real estate agency ERA Realty Network, which has turned out to be one of its top-performing investments thus far. But the Singapore-headquartered ... ( read original story ...)
Singapore Bourse May Inch Lower Again On Wednesday
(RTTNews.com) - The Singapore stock market has finished lower in three consecutive trading days, dropping almost 45 points or 1.4 percent in that span. The Straits Times Index now rests just beneath the 3,100-point plateau and the market is looking at ... ( read original story ...)
What does it mean to declare bankruptcy in Singapore?
The easy availability of credit in Singapore often puts individuals in a situation where they are unable to repay their debts on time. In most instances, the delay is remedied soon enough. You may have to pay late fees or overdue interest along with the ... ( read original story ...)
Singapore MINDEF Internet system hacked: Ministry strengthens its cyber defence anticipating future attacks
Singapore MINDEF Internet system hacked, 850 national servicemen and employees data compromised Singapore's Ministry of Defence (MINDEF) has reported data theft of 850 national servicemen and employees in a recent security breach, which has been tipped as ... ( read original story ...)
Losing Streak May End For Singapore Bourse
(RTTNews.com) - The Singapore stock market has moved lower in two straight sessions, dropping almost 30 points or 1 percent along the way. The Straits Times Index now rests just beneath the 3,110-point plateau although the market may snap its slide on Tuesday. ( read original story ...)
India’s Revised Tax Treaty With Singapore Takes Effect
"The Third Protocol amending the existing Avoidance of Double Taxation Agreement (DTA) between Singapore and the Republic of India entered into force on February 27, 2017," a statement issued by Ministry of Finance of Singapore said. It further stated that ... ( read original story ...)