IN retail banks’ local functions, Singapore citizens account for seven in 10 of senior management roles, according to the Monetary Authority of Singapore’s (MAS) estimates. However, across the country’s entire financial sector, Singaporeans make up about 43 per cent of senior management. This reflects Singapore’s role as an international financial centre, MAS managing director Ravi […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore is blazing a trail in the global effort to replace Libor, becoming one of the first countries to auction debt linked to an alternative benchmark. The Monetary Authority of Singapore (MAS) sold $500 million of six-month notes with a spread over the compounded Singapore Overnight Rate Average (Sora) on Tuesday (Aug 18). […]
Read MoreSINGAPORE – The Singapore Chinese Chamber of Commerce and Industry (SCCCI) helped more than 680 firms venture into China in the first half of this year, an indication of the role trade associations and chambers play in growing companies here. As an important bridge between the Government and firms, these organisations also help companies overcome […]
Read MoreSingaporeans will be given $320 million in “tourism credits” to spend domestically as part of a campaign to prop up local businesses, Deputy Prime Minister Heng Swee Keat announced yesterday. The credits will be called SingapoRediscovers vouchers, named for the $45 million campaign launched last month to drive local spending to Singapore’s eateries, shops, hotels […]
Read MoreSINGAPORE, Aug 14 — Japanese Foreign Minister Toshimitsu Motegi and his Singapore counterpart, Vivian Balakrishnan, yesterday agreed to resume cross-border travel between the two nations for business purposes in September, Jiji Press reported. Business travelers will be able to move and work within a limited range, even during the first 14 days of stay when […]
Read MoreSINGAPORE, Aug 14 — Singapore’s Land Transport Authority (LTA) said that it will extend the validity of the current vehicle growth rate by one year until January 31, 2022 due to the uncertainty over how travel demand patterns will evolve amid the Covid-19 pandemic. In a media release yesterday, LTA said that the growth rate […]
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Thailand
