In Focus

Singapore banks turn to China's wealthy to offset slumping stock markets
Some banks are looking to establish family offices to serve Chinese entrepreneurs; as a sizeable proportion will look to transfer their wealth to the next generation within the next five to ten years.

Top News

URA orders ‘more detailed' survey on Airbnb-style rentals
Residential Property
7 hours ago
It reported mixed views from its online consultation that ended 31 May 2018.
Orchard Road hotels' revenue bolstered by Trump-Kim summit
Hotels & Tourism
7 hours ago
Q2 RevPAR was highest in June at 6.9% YoY.
Singtel taps Swedish telco to launch 5G pilot network by Q4
Information Technology
8 hours ago
It will be trialled in drones and driverless vehicles by late 2018.
Bank tellers are out, digital service kiosks are in for OCBC
Financial Services
9 hours ago
By 2020, OCBC will cut half of its bank tellers and will replace them with its latest ATMs and digital service kiosks.
Singapore prices climbed 0.6% in June
Economy
10 hours ago
Costs of food and services were higher for the month.
Sembcorp Marine's order pipeline could hit $3b in 2018
Energy & Offshore
10 hours ago
The biggest deal is an FPSO contract for Rosebank’s estimated to be worth US$2b.
Freehold site Sutton Place up for sale at $268m
Residential Property
10 hours ago
It has five storeys that can be redeveloped into 198 apartment units.
4 in 5 Singapore employees want flexi work
HR & Education
12 hours ago
But 55% fear it will interfere with personal time.
Philip Morris' low profit warnings put heat on Venture
Manufacturing
12 hours ago
The IQOS that Venture creates for PMI contributed 25% of 2017 revenue.
Ascott serviced residences could bolster CapitaLand's income by 50%
Commercial Property
12 hours ago
The 75,000-unit serviced residence has 31,500 units in the pipeline.

More News

IMDA unveils more digital initiatives for Kampong Glam
8 hours ago
E-payments, virtual in-store tours, and delivery services will be available for shoppers.
Banking tenant terminates lease in Ocean Financial Centre
9 hours ago
The tenant paid a one-off pre termination fee amounting to $12m.
SIC alters takeover rules for dual class share firms
12 hours ago
It wants to add relief for shareholders required to make general offers.
Keppel O&M wins contracts worth $70m
20 hours ago
They will focus on vessels in Brazil and Singapore.
Coca-Cola Zero tops best-selling items in Singapore's first Amazon Prime Day
3 days ago
New sign-ups also grew more than any other single day since Prime’s launch.
Director fined $57,000 for 38 Companies Act charges
4 days ago
He failed to hold the annual general meeting and file annual returns for 19 firms.
Four Tessensohn Road shophouses up for sale at $25m
4 days ago
Buyers can redevelop the property into a mixed-use retail-home project.
HDB gears up for ‘greener' projects
4 days ago
They will adopt the Biophilic Town Framework progressively from July.
UOB invests in Israel-based fintech firm to develop AI solutions
4 days ago
They will use Personetics' tools to understand customer behaviour and aid them in their financial decisions.
Grab and NUS open $6m AI lab
5 days ago
They will utilise Grab data to solve mobility issues in Southeast Asia.

Exclusive

Property cooling measures slow banks' loan growth
UOB could be hit the hardest as 27.6% of its total loans are home loans.
by Danielle Isaac
8 Jul 2018
Should Singapore's housing market anticipate more cooling measures?
Singapore’s property market has seen a “resurgence” in prices and transactions, according MAS chief Ravi Menon.
by Danielle Isaac
4 Jul 2018
Users and investors left in limbo after oBike exit
The Consumers Association of Singapore (CASE) has received 259 refund complaints on oBike.
by Danielle Isaac
26 Jun 2018
Exclusive
Here's how Amazon and Lazada can beat Qoo10's dominance in the e-commerce market
Qoo10 accounts for more than a third (32.6%) of Singapore’s e-commerce market, beating Amazon which only has a measly 11.5%.
by Sandra Sendingan
9 Jun 2018

People

UOL Group's Gwee Lian Kheng retires as CEO
Business Angel Network of Southeast Asia appoints James Tan as chairman
Sembcorp Industries appoints Koh Chiap Khiong as CTO
Sembcorp Industries appoints Graham Cockroft as CFO
OCBC appoints Dennis Hong as managing director of OCBC Securities
StarHub appoints Peter Kaliaropoulos as CEO

Life & Style

Soul meets speed: Montreux Jazz Cafe Singapore launches with a sneak peek for Grand Prix Season Singapore
Meet the man behind the Artemis Grill at CapitaGreen
Sukki Singapora talks about burlesque as an art form, a business, and a passion
Indulge in Seoul food at Orchard Hotel Singapore

Hong Kong

Grant ceiling for SME fund doubled to $1m
9 hours ago
The changes would kick into effect by August 1.
Hotel and food industries' outlook turn sour in Q3
9 hours ago
They are amongst the sectors expecting a turn for the worse in coming quarters.
Hong Kong's private banking assets hit $7.81t in 2017
9 hours ago
More than half of total assets came from overseas locations.
Office rents up 0.9% in June
13 hours ago
This translates to an average monthly rent of $73.9 psf.

Asia

Thailand's consumer spending to see growth in 2018
Thailand
4 days ago
Rising disposable income could spur spending on skin-care, make-up, and accessories.
7 in 10 Indonesian banks threatened by ride-hailing firm Go-Jek
Indonesia
5 days ago
The app’s wide payment capabilities poses a risk to conventional banks.
Lending crunch fails to cripple Japan's mega banks as they join world's largest 20 lenders
Japan
5 days ago
MUFG is the ninth largest bank globally with a tier 1 capital of $153.04b.
Philippine banks explore blockchain for payment and remittance services
Philippines
5 days ago
The central bank approved a pilot project creating a real-time remittance corridor.

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21 June 2018 | Sheraton Towers Singapore

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