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MAS bans reps from HSBC, UOB, and NTUC Income over fraud

11 Apr 2019 - Singapore Business Review
Their cases involved deception, sales of fake products, and forgery. The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against two former bank employees and a former insurance agent for fraudulent and dishonest conduct, an announcement revealed. The individuals are Emeline ...
sgx:u11 sgx:pu6d hkex:5

Singapore's ageing bourse loses luster as tech firms flee

12 Feb 2019 - Singapore Business Review
In 2018, the money raised from 15 SGX IPOs fell to to just $965.6m against Hong Kong’s $45.52b. Singapore’s status as a regional financial powerhouse is under growing pressure as the number of delistings on the Singapore Exchange (SGX) continue to outnumber listings in the last five years as Asia’s centre ...

UOB reviewing insurance deal with Prudential

13 Oct 2018 - The Star Online
S’pore lender wants to get more value HONG KONG: Singapore lender United Overseas Bank Ltd (UOB) is reviewing its insurance business, including an existing partnership with Prudential Plc, after South-East Asia witnessed a wave of lucrative distribution deals, sources said. UOB has been soliciting ideas ...
hkex:2378 usx:puk sgx:u11 sgx:k6s

HSBC HQ to move to Marina Bay Financial Centre

14 Sep 2018 - Singapore Business Review
The firm targets to occupy the 140,000 sq ft office by April 2020. HSBC Singapore will be relocating its head office to Marina Bay Financial Centre (MBFC) Tower 2 found within the Central Business District as it pushes for rapid growth plans, an announcement revealed. HSBC Singapore will have signage ...
sgx:pu6d hkex:5

China's top bank ICBC posts higher profit, bad debts steady

30 Aug 2018 - The Star Online
SHANGHAI/HONG KONG: Industrial and Commercial Bank of China, the world's largest commercial bank, on Thursday reported a 5 percent rise in first-half profit and a stable bad loan ratio. ICBC, like other big state-owned banks, has been seeing a rebound in business as China's crackdown on risk in the wider ...
hkex:1398

Hong Kong is more liveable than Singapore

14 Aug 2018 - Singapore Business Review
The Lion City fell to 37th place whilst Hong Kong rose to 35th spot. Singapore fell down two places to flop at 37th place in the liveability rankings compiled by research and analysis firm The Economist Intelligence Unit. Taking advantage of close regional rival's slump, Hong Kong rose by 10 places to ...

Daily Briefing: Malaysian PM says HSR on hold due to lack of funds; Parent company offers to make Wheelock shares private for $598m

20 Jul 2018 - Singapore Business Review
And here's why the STI could be a casualty in the US-China trade wars. From iCompare Loan: Malaysian Prime Minister Dr. Mahathir Mohamad revealed that the High-Speed Rail (HSR) project is on hold as the government's fund could be short for the project cost valued at RMB110b ($37b). The Malaysian Finance ...
sgx:m35 hkex:20

Singtel takes a dip into eSports with Razer and other partners

11 Jul 2018 - Singapore Business Review
It will launch PVP eSports Championship in Singapore on 5 to 7 October. Singtel will be testing the waters of eSports with the launch of PVP eSports Championship, a multi-title and regional league in Singapore on 5 to 7 October. Its partners Razer, Blizzard, Garena, and MET will be set up with other ...
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Starbucks slides after ‘unacceptable’ performance leads to U.S. store closures

20 Jun 2018 - South China Morning Post
By Martin Baccardax Starbucks Corp. shares slumped in pre-market trading as investors reacted to plans by the world’s largest coffee chain to close as many as 150 U.S. stores and cafes in its upcoming fiscal year amid intensifying competition from rivals. Starbucks shuts 8,000 US stores for anti-bias ...
hkex:4337 usx:sbux

Tencent tumbles as US takes aim at Google’s ties with Chinese tech firms

8 Jun 2018 - South China Morning Post
Chinese internet conglomerate Tencent Holdings tumbled on Friday, dragging Hong Kong’s benchmark with it, after the US congress started examining Google’s ties with Chinese technology and telecoms companies such as Huawei, Tencent, and Xiaomi. Google is the latest company to come under fire from US lawmakers ...
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