Tag Archives: Singapore

Singapore is the world’s fastest growing wealth centre and is predicted to overtake Switzerland to become the largest offshore private banking market by 2020, according to recent research. Global financial analysis group Timetric said assets under management within the city-state had risen to US$550bn by the end of 2011 from just US$50bn in 2000 and that it is set to …

Based on advance estimates from the Ministry of Trade and Industry, the Singapore economy contracted by 0.6 per cent on a year-on-year basis in the first quarter of 2013. On a quarter-on-quarter basis, the economy contracted by 1.4 per cent. SINGAPORE: The Singapore economy contracted by 0.6 per cent on a year-on-year basis in the first quarter of 2013, according …

Addressing ACI Congress delegates, deputy prime minister and chairman of the Monetary Authority of Singapore talks up Singapore’s ability to facilitate the growth of renminbi trading outside China Singapore is aggressively seeking to become a major regional hub for offshore trading of Chinese renminbi as the currency gradually becomes more internationally traded, according to the city-state’s deputy prime minister and …

SINGAPORE— Asian shares fell on Friday, growth-linked currencies such as the Australian dollar were shunned after data showing shrinking factory activity in China, and the euro zone heightened concerns about a slowdown in the global economy. Materials stocks such as miner BHP Billiton were prominent among the losers, but crude oil steadied after tumbling overnight and copper bounced off a …

Gold’s London AM fix this morning was USD 1,662.00, EUR 1,271.61, and GBP 1,057.93 per ounce. Yesterday’s AM fix was USD 1,694.75, EUR 1,291.44and GBP 1,082.63 per ounce. Gold fell 1.7% in New York yesterday and closed at $1,676.10/oz. Gold fell in Asia prior to further falls in Europe which has gold now trading at $1,656/oz. Fed Chairman Ben Bernanke offered no …

KUALA LUMPUR: CIMB Bank, which started its Islamic commercial banking operations in Singapore last year, aims to approve S$100 million this year for the small and medium enterprises (SMEs) in the republic. “We are targeting about S$100 million for SME financing this year. “At the moment, we already have about S$30 million on our balance sheet with a healthy pipeline for …

* ECB to launch second 3-year financing operation on Wed * Gold-silver ratio drops to four-month low * Spot gold may rise to $1,797/oz -technicals * Coming up: U.S. consumer confidence, Feb; 1500 GMT SINGAPORE, Feb 28 (Reuters) - Gold inched higher on Tuesday after two sessions of straight losses, ahead of a major cash injection by the European Central …

(Source: Asia Tech News) New information from the International Finance Corporation and the World Bank confirms what we’ve been talking about on this blog for some time now. Singapore is one of the friendliest environments on the planet for entrepreneurs. The latest Doing Business report ranks Singapore at the top of its ‘ease of doing business’ rankings for the sixth …

Singapore is poised to become the Asian centre for synthetic exchange-traded funds, stealing the spotlight from Hong Kong as regulators there become increasingly stringent, according to a report by advisory firm Celent. The report, published Thursday, highlighted the changing regulatory landscape in Hong Kong and said tougher rules governing synthetic funds in Asia could stunt continued ETF growth in the …

SINGAPORE/NEW DELHI: Reliance Communications has appointed another two banks for the upcoming $1 billion IPO of its undersea cable unit in what may be the biggest stock listing in Singapore this year, two sources said.  Standard Chartered and DBS Group Holdings will join Deutsche Bank as the main advisers in an initial public offering, which will help the debt-laden Indian …