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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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Singapore SME business sentiment on the rise: survey

BUSINESS sentiment among Singapore SMEs (small and medium enterprises) has risen, at least according to this year’s Singapore Chinese Chamber of Commerce and Industry’s (SCCCI) annual business survey. This finding comes in spite of tough conditions for SMEs here such as global political risks, higher business costs and a tighter labour market. At the SCCCI’s […]

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Singapore non-oil exports growth up 8.5% in July

NON-OIL domestic exports (NODX) growth rose 8.5 per cent year on year in July, extending the 8.8 per cent growth in June, according to trade promotion agency International Enterprise Singapore. But month on month, NODX fell by a seasonally adjusted 2.5 per cent, after a 2.2 per cent dip in the previous month. Except the […]

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