Can Singapore finally expect GDP expansion in 3Q?

13 Sep 2016 - Singapore Business Review
Not with the sub-par performance of manufacturing sector. A contraction in the third quarter gross domestic product (GDP) is on the cards now for the city-state, should the underwhelming performance of manufacturing sector continues to persists. According to a note by DBS, Singapore’s data is turning ...

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SGX must do better at reducing frequency of trading outage: Ong Ye Kung

13 Sep 2016 - Channel NewsAsia
SINGAPORE: While other stock exchanges around the world have had their own fair share of trading disruptions, the Singapore Exchange (SGX) needs to do better in reducing the frequency of such outages and manage them well, said Mr Ong Ye Kung in Parliament on Tuesday (Sep 13). The Singapore Exchange ...
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UOB to roll out contactless ATMs from September

13 Sep 2016 - Channel NewsAsia
SINGAPORE: United Overseas Bank (UOB) will be launching its contactless automated teller machines (ATMs) that will allow customers to withdraw cash using their smartphones, the bank announced on Tuesday (Sep 13). In a press release, UOB said it would start rolling out the machines by the end of the ...
sgx:u11

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Singapore: Hyflux injects capital in Tus Water; Advancer Global acquires majority of Newman & Goh

13 Sep 2016 - DealStreetAsia
Hyflux Capital has injected $6.9 million into Tus Water Group while Advancer Global has acquired a majority stake in property services firm Newman & Goh. Hyflux says wholly-owned subsidiary Hyflux Capital (Singapore) has injected US$6.9 million into Hong Kong-incorporated Tus Water Group. Tus Water was ...
sgx:600 sgx:43q

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Singapore: Razer launches $30m fund targeting IoT, VR startups

13 Sep 2016 - DealStreetAsia
Razer, a gaming hardware company producing mice, keyboards and other peripherals optimised for dedicated computer gaming, has launched a $30 million venture fund, zVentures, which will be operate out of San Francisco and Singapore. This was announced alongside the company’s plans to go eventually go ...

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Noble's warehousing unit comes under fire for lead reporting errors

13 Sep 2016 - Singapore Business Review
It is fined $54,286 by the London Metal Exchange. After it discovered discrepancies in its lead stock reports early this year, the London Metal Exchange (LME) ordered Noble Group's warehousing unit, the Worldwide Warehouse Solutions UK Ltd (WWS) to settle a $54,286 fine. According to the notice released ...
sgx:n21

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Ultra rich Indonesians are buying more luxury homes in Singapore

13 Sep 2016 - Singapore Business Review
Purchase value has nearly quadrupled to $5m. Singapore’s property industry may be going through a bad season, but demand for high-end houses from its well off neighbors in Indonesia has shown a sudden upsurge. Bloomberg reported that purchases by Indonesians of Singapore homes valued at S$5 million (US$3.7 ...

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Is MAS’ debt servicing framework tweak the first step to easing cooling measures?

13 Sep 2016 - Singapore Business Review
It’s gunning for property prices’ continued soft landing. Are the Monetary Authority of Singapore’s (MAS) recent tweaks to the Total Debt Servicing Ratio (TDSR) framework a lead-up to an easing of cooling regulations, or is it the proverbial canary in the house of debt? According to a report by Jefferies, ...

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3 Things Investors Should Know About Great Eastern Holding Limited

13 Sep 2016 - The Motley Fool Singapore
Great Eastern Holding Limited (SGX: G07) may not be a well-known company amongst investors in Singapore, but it is actually a huge company in a number of ways. It is the oldest and most established life insurance group in Singapore and Malaysia; it has S$68 billion in total assets; and it has a market ...
sgx:o39 sgx:g07

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DBS Group Holding Ltd Explains Why The Swiber Holdings Limited Debacle Does Not Mean More Bad Things To Come For Singapore’s Oil & Gas Industry

13 Sep 2016 - The Motley Fool Singapore
The Swiber Holdings Limited (SGX: BGK) episode has left DBS Group Holdings Ltd (SGX: D05) in a pickle. It all started in late July this year when Swiber surprised the market by filing an application to wind itself up. Then, came another surprise – the company changed its mind about winding up just a ...
sgx:ak3 sgx:d05

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