Better economic sentiments in the US cause banks' interest rates to slowly rise. The banking sector has experienced a mixed decade. The financial crisis caused severe pain and distress for a wide range of investors. Some institutions went under ... ( read original story ...)
DBS SME banking establishes retail F&B coverage team
This is a two-fold increase over the last five years. The overseas expansion is driven by limited growth opportunities in Singapore for F&B companies. Joyce Tee, DBS Group head of SME banking, says: “Even though Singaporeans eat well and dine out ... ( read original story ...)
Hong Kong – Open Banking Developments
In this bulletin, we discuss the HKMA initiative as well as the initiatives in Singapore and Australia relating to Open Banking. 1. Hong Kong’s new era: HKMA issues consultation paper on Open Banking The HKMA announced the launch of a “New Era of Smart ... ( read original story ...)
DBS Bank crowned king at Marketing’s 2018 Mob-Ex Awards
Taking home all the glory this year is DBS Bank, which stood proud as this year’s overall winner for ‘Best in Show – Brand’ at the sixth edition of Mob-Ex Awards. The reigning champion stole the show at InterContinental Hotel Singapore as it ... ( read original story ...)
Singapore May Start Taxing Amazon and Lazada
senior minister of state for law and finance, said in November. Read More: Singapore Has More Tax Options Than a GST Hike in 2018 Budget Rajah said in a radio interview last week that the government was still studying the e-commerce tax and it’s ... ( read original story ...)
Regional IPO market to accelerate in 2018, says SGX
KUALA LUMPUR: Ample liquidity, high valuation levels and a renewed appetite for cross-border listings are brightening the horizon for the regional initial public offering (IPO) market this year amid a pickup in global listings, according to Singapore ... ( read original story ...)
Excitement over Singapore-Malaysia market connect
Against this shared history and the bilateral chemistry between both countries that is at its best now, the plan to allow mutual market access under a "Malaysia-Singapore Connect" would not only seem logical, but also natural. The stock trading link ... ( read original story ...)
Sasseur Reit plans up to $600 million IPO in March
SINGAPORE - SASSEUR Group, a Shanghai-based developer of outlet malls which last year pushed back plans for a Reit listing here, has begun gauging investor interest again with plans to list Sasseur Reit in March. The initial public offering (IPO ... ( read original story ...)
Finance Minister leads government delegation to Asia
Finance Minister Mr Ken Ofori-Atta is leading a government delegation on a study tour of the financial sector of Hong Kong and Singapore. The tour, from February 9-14, 2018, is in line with Ghana’s vision of becoming a world class financial hub in the ... ( read original story ...)
The Singapore Market This Week: Almost All Blue Chips End in the Red
The local stock market benchmark, the Straits Times Index (SGX: ^STI), lost 4.3% over the week to end Friday at 3,377 points. The Singapore market took a beating, along with a volatile week for major market indices in the US. With the S&P 500 index and the ... ( read original story ...)
Singapore Bourse May Open Under Pressure On Friday
(RTTNews.com) - The Singapore stock market on Thursday wrote a finish to the four day losing streak in which it had surrendered more than 150 points or 4.5 percent. The Straits Times Index now rests just above the 3,415-point plateau although it's expected ... ( read original story ...)
Daily Briefing: Singapore mulls buying F-35 jets; Jardine C&C nears 52-week low
And here's how you can prepare for the transition to cashless payments. From Reuters via Yahoo! Finance: The Singapore government is "seriously evaluating" a future purchase of F-35 jets, the head of Lockheed Martin Corp's international business said on ... ( read original story ...)
Singapore must help shape international law: Indranee
Singapore must actively help to shape international law, Senior Minister of State for Finance and Law Indranee Rajah said yesterday. She explained that international norms and statutes increasingly determine what states can and cannot do within their ... ( read original story ...)
Singapore’s foreign reserves gained 11.73% to US$282.38b in January
Its gold and forex reserves climbed by 3.95%. Singapore's foreign reserves gained 11.73% YoY to US$282.38b in January, the Monetary Authority of Singapore (MAS) revealed. According to preliminary data, gold and forex reserves reached $367.09b, up by 3.95% ... ( read original story ...)
Continued Consolidation Called For Singapore Stock Market
The Singapore stock market has finished lower in four straight sessions, sliding more than 150 points or 4.5 percent in that span. The Straits Times Index now rests just beneath the 3,385-point plateau and it may extend its losses on Thursday. The global ... ( read original story ...)
Singapore’s expected hotel yields amongst the lowest in Asia
They're expected to yield 3.5%-4.5% in 2018. Singapore's hotels are expected to have yields between 3.5%-4.5% in 2018, slightly within the lower ranges for the Asia Pacific region, Savills Singapore said. According to their forecast, Hong Kong hotels have ... ( read original story ...)