• Daily Briefing: Singapore fines 2 banks for 1MDB-linked lapses; What you need to know about Singapore private banking sector

    Singapore regulators said on Friday they will fine two British Banks a total of over $5.3m for having breached the money laundering rules in dealings with an indebted Malaysian state fund. Standard Chartered Bank was slapped with a $5.2 million penalty while Coutts bank was fined $2.4 million for breaching anti-money laundering …

  • China has scuppered attempts by world trade heavyweights to eliminate or reduce tariffs on a list of environmentally friendly products, the European Union says

    China has scuppered attempts by world trade heavyweights to eliminate or reduce tariffs on a list of environmentally friendly products, the European Union said on Sunday. A list of around 300 "green" products had been prepared by the US and EU to be presented at WTO talks on Sunday in Geneva for the 18 participants -- …

  • The difference between a leasehold and a freehold property in Singapore

    Real estate is one of the best choices you can make when it comes to investment. The higher returns available when compared to bond yields, […]

  • Taking a closer look at the private banking sector in Singapore

    Technological innovations drive many markets today. Even in finance, new technology-driven innovators are starting to challenge the status quo of the powerful banking industry. One such […]

  • Singapore said it will sanction Goldman Sachs’s former top executive in Southeast Asia, who allegedly wrote an unauthorized reference letter for a Malaysian who U.S. authorities say is at the center of ...

  • Leissner, who left Goldman Sachs in February, was sanctioned because he issued an unauthorized reference letter on behalf of Low Taek Jho, the Monetary Authority of Singapore said in a statement on Friday. The move against Leissner, which would be among the most high-profile individual bans ever handed down by Singaporean …

  • Singapore leads global trade ranking for the fifth time

    Its domestic market is rated as world's most open. Singapore topped the Global Enabling Trade Report 2016 once again. The report, published by World Economic Forum and the Global Alliance for Trade Facilitation, assesses the extent to which economies have institutions, policies, infrastructures and services which facilitate …

  • Singaporean travellers to Myanmar could surge 35% on visa exemption

    Local travel agencies could bag over $20m from outbound travel to Myanmar. Strong growth in outbound travel to Myanmar from Singapore as a result of the visa-free entry between the two countries can deliver more than $20 million in revenue for Singapore travel agencies, according to Myanmar Tourism Marketing. The number …

  • ISR Capital chief rants over 'inaccurate' media reports

    ISR Capital's chief executive officer sent a clarification letter to SGX noting recent media reports which inaccurately associate the firm with three individuals charged for various offences involving the so-called "penny stock" saga. The inaccurate media reports imply that ISR Capital Limited is somehow involved in the …

  • Swiber's judicial management extended for 180 days more

    Swiber Holdings announced that the Singapore High Court has granted an extension of time until 23 March 2017 for the judicial managers to, interalia, send to creditors a statement of proposals and summon a creditors’ meeting. In an SGX filing, it also said that the Court also ordered that the validity of the orders placing …

  • Global Logistics Properties explores strategic options on GIC's request

    It hires JP Morgan as its financial adviser. Global Logistics Properties (GLP) announced that is undertaking an independent strategic review of options available for its business in line with its commitment to enhance shareholder value, following a request received from its largest shareholder, GIC Real Estate Private …

  • Wheelock's cash pile could top $1b by 1H17

    RHB is expecting Wheelock to have more cash pouring in over the next few quarters as the developer continues to collect progress billings for its substantially sold Panorama project and generate proceeds from new sales from its already completed Ardmore 3 project. According to the research house, billings from these two …

  • Singapore fines banks for 1MDB Fund links

    Singapore regulators said Friday they will fine two banks a total of over $5.3 million for having breached money laundering rules in dealings with an indebted Malaysian state fund. The Monetary Authority ...

  • Singapore's financial regulator has fined two British banks, including Standard Chartered Bank, in a widening crackdown on money laundering linked to Malaysian state fund 1MDB

    Singapore's financial regulator said Friday it has fined two British banks and barred a former Goldman Sachs banker in a widening crackdown on money laundering linked to Malaysian state fund 1MDB. Standard Chartered Bank was slapped with a Sg$5.2 million ($3.65 million) penalty while Coutts bank was fined Sg$2.4 million …

  • Working seniors more than doubled in Singapore in a decade

    As the earlier cohorts of post-war baby boomers moved into their 60s over the recent decade and the Labour Force Participation Rate (LPFR) for older residents continued to rise, the share of those aged 60 & over in the resident labour force more than doubled from 5.5% in 2006 to 13% in 2016, latest data from the Ministry …

  • MAS slaps StanChart, Coutts with $7.6m fine for anti-money laundering breaches

    A prohibition order against Goldman Sach's ex-director is also underway. The Monetary Authority of Singapore (MAS) has imposed financial penalties of S$5.2m and S$2.4 million respectively on Standard Chartered ...

  • Singapore Q3 office rents posted steepest fall across Asia

    Prime office rents dropped 2.8%. Knight Frank (KF) Asia-Pacific Prime Office Rental Index grew 0.6% in Q3 2016 compared to the previous quarter as a result of rising rents in eight markets and rental declines in six markets. Singapore sees the largest decline in rental due to slowing global economy while Tokyo continues …

  • Singapore-KL high-speed rail deal to be inked later this year

    The signing of the High-Speed Rail (HSR)’s Bilateral Agreement (BA) between Singapore and Malaysia will most likely to take place on Dec 21, says Minister in the Prime Minister’s Department Datuk Abdul Rahman Dahlan . The 350km HSR project which is expected to run in 2026, will link Singapore and Kuala Lumpur. According …

  • Sims Urban Oasis — catalyst for transformation of Aljunied

    Construction is well underway at Sims Urban Oasis, a 1,024-unit condominium development by GuocoLand. Bordered by Sims Drive and Aljunied Road, the project will be the largest private condo in the Aljunied area when it is completed in 1Q2019. “When completed, Sims Urban Oasis could just be the catalyst needed to revitalise …

  • How To Become A CxO? Take Risks, Fail, Step Out Of Your Comfort Zone, Says CTO Of Microsoft Singapore

    Many PMEs dream of being in the C-suite of a large corporation. It is seen as the pinnacle of their career progression – the competition to get there is tough, and only a select few make it. That’s why many … The post How To Become A CxO? Take Risks, Fail, Step Out Of Your Comfort Zone, Says CTO Of Microsoft Singapore …

  • Lendlease spreads its bets across key global cities

    After assuming the role of Lendlease CEO for Asia in May, Tony Lombardo moved to Singapore. Linked underground to the Somerset MRT station, the mall has seen strong footfall since it opened in December 2009, says Lombardo, adding, “I visit 313 quite frequently”.

  • Learn with wine The Edge Property
    Learn with wine

    On Nov 24, The Edge Property held a social networking session at the  EcoWorld international property sales gallery on Tanglin Road. It  brought over 50 real estate professionals together in an event that  included wine tasting by The French Cellar; advice on due diligence  by star lawyer Sim Mong Teck of his eponymous …

  • Global Logistic Properties said it is undertaking a strategic review, a move that could lead to a sale of the $7 billion firm that is the second-biggest owner of warehouses in the U.S.

  • Demand for Singapore property by foreigners on the rise

    Foreigners have started snapping up private residential properties here in greater numbers compared with a year ago, according to a report by property consultancy JLL. Leading the charge are buyers from China, followed by Indonesians, Malaysians and Americans. According to JLL, there were 782 transactions made by foreigners …

  • 4 Simple Pleasures In Life Anyone Rich Or Poor Can Enjoy

    Even though a million and one things are expensive in Singapore, there are simple pleasures in life...

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