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Malaysia central bank says will act on international banks trading ringgit in Singapore

[KUALA LUMPUR] Any international bank that has an operating license in Malaysia could face legal action if it facilitates ringgit futures trading on the Singapore Stock Exchange and the Intercontinental Exchange, Malaysia’s central bank governor said on Friday. Bank Negara Malaysia (BNM) Governor Muhammad Ibrahim said any ringgit transaction in Singapore involving a Malaysian client […]

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Singapore’s Q2 wholesale trade jumps 18.5%

SINGAPORE’S total domestic wholesale trade jumped 18.5 per cent year on year in the second quarter of 2017, based on data released by the Department of Statistics on Friday. With petroleum stripped out, domestic wholesale trade rose 4.8 per cent compared to a year ago. After adjusting for price changes, overall domestic wholesale trade registered […]

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