Minister Tharman Shanmugaratnam, chairman of the Monetary Authority of Singapore (MAS), is going to hail new virtual bank licences, expected to be granted later this year, as the next chapter in ... ( read original story ...)
Prime US REIT closes flat at IPO price on trading debut
SINGAPORE (July 19): Prime US REIT closed flat at its first trading session on the Singapore Exchange on Friday. As at 5pm, the counter was trading at its IPO price of 88 US cents with 10.7 million ... ( read original story ...)
Why I Believe Singapore Exchange Limited Can Continue to Grow
Singapore Exchange Limited (SGX: S68), or SGX, is Singapore’s sole stock exchange. It offers a platform for trading securities such as equities, fixed income, and derivatives. SGX also offers services ... ( read original story ...)
Singapore fuel inventories hit eight-month low as IMO fuel-switch takes effect
SINGAPORE (Reuters) - Oil product inventories in the Singapore storage and trading hub fell to an eight-month low in the week ended July 17, official data showed, in one of the latest signs that ... ( read original story ...)
Top China LPG Buyer Considers Singapore IPO for Trading Unit
Oriental Energy Co., China’s biggest importer of liquefied petroleum gas, is considering an initial public offering of its trading and logistics unit on the Singapore stock exchange. The company is in ... ( read original story ...)
Smaller Banks in Singapore Are at Risk As Fintechs Eye Digital Banking License
Competition is heating up in Singapore’s digital banking landscape as an increasing number of fintechs including e-wallet operators and payment services providers are looking to apply for when ... ( read original story ...)
International banking heads take home highest salaries in financial sector
The average base monthly salary for this role can hit $33,000. The heads of international banking divisions in Singapore are the highest paid amongst the financial services roles with an average base ... ( read original story ...)
Here’s What Singapore Technologies Engineering Ltd’s (SGX:S63) Return On Capital Can Tell Us
Help shape the future of investing tools and you could win a $250 gift card! Today we are going to look at Singapore Technologies Engineering Ltd (SGX:S63) to see whether it might be an attractive ... ( read original story ...)
Is the Singapore Stock Market Expensive Right Now?
Knowing the valuation of the Singapore stock market can help us to simplify our investing decision. There are two methods to determine if Singapore shares are cheap or expensive currently. The first ... ( read original story ...)
IMF urges Singapore banks to strengthen FX liquidity
The fund also recommended changes to bank regulations to ensure that lenders are able to access sufficient amounts of foreign exchange in times of crisis. "Singapore's financial system is ... ( read original story ...)
IMF reaffirms Singapore’s financial sector oversight as ‘among the best globally’
SINGAPORE (July 17): The International Monetary Fund (IMF) has reaffirmed Singapore’s financial sector oversight to be “among the best globally”. The economic fundamentals of Singapore were strong and ... ( read original story ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)