Singapore

Singapore’s stocks haven’t lured this much cash in a decade

Singapore’s stock market is finally getting some love again.With almost two months of the year to run, the Straits Times Index has already notched up its best annual performance since 2012 amid an economic recovery and a stronger currency.The city-state’s equity funds received some two billion dollars in 10 straight months of inflows, the most annually since 2007, according to data from asset allocation tracking company EPFR Global.

10 November 2017
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Singapore seafood hawkers to go head-to-head in stock market

Singapore seafood hawkers have been competing for decades in the city-state’s notoriously cutthroat culinary scene. Now they’re vying for the favor of stock market investors.No Signboard Holdings Ltd., known for its signature white pepper crab dish, started taking orders this week for an initial public offering that could value the company at as much as 95 million dollars.

9 November 2017
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Singapore central banker sees bubble in fintech hype

Be selective.That’s the message Monetary Authority of Singapore Managing Director Ravi Menon has for pundits and investors trying to navigate the wave of technology euphoria sweeping the financial services industry.While technological innovations such as blockchain and the area of big data analytics can result in powerful applications, people should be wary of some peer-to-peer lending platforms and the rapidly rising values of cryptocurrencies, Menon said in an interview with Bloomberg News

7 November 2017
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WRAPPER: British royals' visit to Southeast Asia

His Royal Highness, Prince Charles, alongside his wife, Camilla Parker Bowles, Duchess of Cornwall are currently in Malaysia as part of their South and Southeast Asian tour, in hopes of strengthening relationships between the Commonwealth nations and the United Kingdom.

6 November 2017
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DBS's profit fell due to bad energy loans

DBS Group Holdings reported a surprise drop in third-quarter profit as Southeast Asia’s largest bank boosted bad-loan allowances more than sixfold in an effort to deal with its problem lending to the regional oil and gas services sector.The bank reported a 23 percent drop in net income to S$822 million (602 million dollars), worse than even the most pessimistic of analyst forecasts, but indicated it now hopes to draw a line under the bad-debt issues by recognising more of its energy services

6 November 2017
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Razer’s Singaporean Founder Set To Become A Billionaire

Tan Min-Liang, co-founder of one of the world’s most recognisable gaming brands, Razer, has some exciting times ahead of him. His brainchild, founded in 2005, is now the premium brand for gamers worldwide. It is a company that has become synonymous with video game culture and has earned a loyal following amongst professionals and amateurs alike.After 12 years, the company is finally on the cusp of launching an IPO in Hong Kong.

5 November 2017
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ASEAN Roundup: October 30 - November 5, 2017

Airlines, airports and passportsIn this past week, news in ASEAN countries mainly focused on airports and the aviation sector. In Malaysia, AirAsia – the leading low-cost carrier in the region – announced that it is partnering up with SATS Ltd of Singapore to expand its reach in both countries. The low-cost carrier is also looking at beefing up its current fleet and is expected to bring in 23 new planes by the end of 2017.

5 November 2017
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UOB's bad loans take shine off profit

Troubles in the oil and gas services industry took the gloss off United Overseas Bank’s results, with bad loans increasing the most in more than a year.The Singaporean lender declared S$799 million (588 million dollars) of new nonperforming assets in the three months to September, overshadowing a better-than-expected profit figure that was driven by higher interest income and wealth-management fees.

3 November 2017
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Singapore Airlines to revamp A380 cabins, redefining luxury

Singapore Airlines, the first carrier to put a double bed in its cabins, is spending 850 million dollars to refit all its Airbus SE A380 jets to take airborne luxury up another notch.The airline on Thursday unveiled its first major overhaul across cabin classes of its Airbus SE A380s since 2007, when it became the first carrier to fly the double-decker aircraft.

2 November 2017
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Singapore passport – the most powerful in the world

The most powerful passport in the world is not the US, nor is it China, Russia or any of the other big European powers – it's Singapore.“For the first time ever, an Asian country has the most powerful passport in the world. It is a testament to Singapore’s inclusive diplomatic relations and effective foreign policy,” Managing Director of Arton Capital’s Singapore office, Philippe May shared in a press release.

1 November 2017
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