![NODX decline suggests Singapore is \"drastically\" losing competitiveness](http://sbr.com.sg/sites/default/files/imagecache/260x75/news/shocked_148.jpg "NODX decline suggests Singapore is \\"drastically\\" losing competitiveness")
RBS closes cash equities operations in Singapore
Other Asian units affected are those in South Korea and Indonesia.
A Bloomberg report said, “Royal Bank of Scotland Group Plc, Britain’s biggest state-owned lender, will shut some operations in South Korea, Indonesia and Singapore after failing to find a buyer for the businesses."
About 70 people will be affected, according to the report.
View the report here.
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This signals chemical firm Eastman’s commitment to its Asian clients.
