Singapore SINGAPORE will transition from the use of the Sing-dollar Swap Offer Rate (SOR) to the Singapore Overnight Rate Average (SORA) over the next two years, as the scandal-tainted Libor is due to meet its…
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Thu, Aug 29, 2019 – 10:31 AM CONSUMERS’ love for hot pot has propelled Haidilao founder Zhang Yong to the top of the 2019 Forbes Singapore Rich List, with a net worth of US$13.8 billion.…
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Singapore RBC Wealth Management has appointed Andrew White as director, private banking, for its Singapore office. Mr White’s remit will primarily focus on the business’s Asia’s Global Families client segment, the wealth management firm said…
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Singapore STANDARD Chartered Bank has appointed Dwaipayan Sadhu as its head of retail banking in Singapore, effective Sept 1, 2019. Based in Singapore, Mr Sadhu will report to Patrick Lee, chief executive officer (CEO) of the…
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Singapore HOTPOT king and Haidilao founder Zhang Yong has displaced real estate tycoons Robert and Philip Ng of Far East Organization as Singapore’s richest man – topping the 2019 Forbes Singapore Rich List with a…
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Singapore SINGAPORE bond investors have rushed back into the market on fears that yields could fall further. Singapore dollar bond issuance this month hit S$2.3 billion from five deals, almost double the S$1.25 billion sold…
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Fri, Aug 30, 2019 – 10:26 AM UPDATED Fri, Aug 30, 2019 – 12:07 PM BANK lending in Singapore dipped in July from a month ago on broad weakness across both business and consumer…
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Singapore CONSUMERS are largely on board the digital payments train but businesses, particularly business-centric small and medium enterprises (SMEs), seem to need a bigger push to go entirely cashless or cheque-free. Figures from the Monetary…
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Singapore RIDE-HAILING firm Grab is “confident” of meeting the digital banking licence requirements that include “a path towards profitability” on a five-year projection, the unicorn told The Business Times on Thursday. The requirements, spelled out…
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Singapore THE dating frenzy amid the digital banking buzz in Singapore has also hit the three banking incumbents in Singapore, with the lenders understood to have been in talks with digital banking aspirants. While indicative…
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