PSD unveils changes in permanent secretary appointments; MAS reshuffles senior posts

THE Public Service Division on Friday announced a reshuffle of some permanent secretary positions, which are to take effect on Oct 19.

Ascendas Reit to purchase suburban office building in Sydney for A$167.2m

ASCENDAS Reit's manager announced on Friday after trading hours that it is acquiring a suburban office building to be developed at 1 Giffnock Avenue, Macquarie Park, in Sydney, Australia, for A$167.2 million (S$161 million) from Frasers Property Industrial and Winten Property Group.

No exclusivity arrangement to sell assets: OUE C-Reit

OUE C-Reit's manager said late on Friday that it has not entered any exclusivity arrangement in relation to a sale of any of OUE C-Reit's assets, nor is there any certainty that any such transaction will materialise.

Camsing Healthcare receives letter of demand from Rajah & Tann

CAMSING Healthcare has received a letter of demand dated Sept 17, 2020 from Rajah & Tann in relation to outstanding invoices for legal services rendered by the law firm amounting to S$16,118.13.

Ascendas Reit to purchase suburban office building in Sydney for A$167.2m

ASCENDAS Reit's manager announced on Friday after trading hours that it is acquiring a suburban office building to be developed at 1 Giffnock Avenue, Macquarie Park, in Sydney, Australia, for A$167.2 million (S$161 million) from Frasers Property Industrial and Winten Property Group.

PSD announces changes in permanent secretaries; MAS reshuffling senior posts

THE Public Service Division on Friday announced a reshuffle of some permanent secretary positions, to take effect from Oct 19, 2020.

Sunpower Group secures contract worth over 150m yuan from Sinopec

ENVIRONMENTAL protection solutions provider Sunpower Group said on Thursday that it has secured a manufacturing and services tender worth more than 150 million yuan (S$30.1 million) from energy and chemicals group Sinopec, a repeat customer.

SLB Development to acquire Thye Hong Centre for S$112.5m

PROPERTY developer SLB Development said on Thursday that it has entered into a sale and purchase agreement with Thye Hong Manufacturing for the acquisition of Thye Hong Centre at 2 Leng Kee Road, a freehold six-storey industrial building for S$112.5 million, exclusive of goods and services tax...

Figtree to enter Australian data centre market with 27.5% stake in DC Alliance

CATALIST-LISTED Figtree Holdings' wholly-owned subsidiary Figtree Real Estate will be acquiring a 27.5 per cent interest in DC Alliance for A$2.75 million (about S$2.74 million) in cash, making this its first strategic investment in a data centre.

ASEAN BUSINESS

Singapore timber trading scion sets sights on financing business in Indochina

SINGAPORE'S Evergreen Assets Management is looking to sink its roots in Indochina, with plans to raise S$100 million to expand its financing business in this part of the fast-growing region.

Barclays to launch FX trading and pricing engine in Singapore

BARCLAYS on Wednesday announced that it will be launching its new foreign exchange (FX) trading and pricing engine in Singapore, under the London-headquartered bank's push to strengthen its FX presence in the Asia-Pacific.

Barclays to launch new FX trading and pricing engine in Singapore

BARCLAYS on Wednesday announced that it will be launching its new foreign exchange (FX) trading and pricing engine in Singapore as part of the London-headquartered bank's push to strengthen its FX presence in the Asia-Pacific.

BT EXCLUSIVE

Razer Fintech, Franklin Templeton create digital wealth management platform for youth

IN A meeting of minds between the old and new, digital bank hopeful Razer Fintech is teaming up with Franklin Templeton, one of the world's largest asset managers, to create a digital wealth management platform targeted at youths and millennials.

StanChart's Judy Hsu to head new global business unit

STANDARD Chartered veteran Judy Hsu will be moved to a global role from Jan 1, 2021. She will take charge of a new consumer, private and business banking (CPBB) business under a slew of changes in the bank's organisation structure.

StanChart's Judy Hsu to head new global unit amid changes in organisation structure

STANDARD Chartered veteran Judy Hsu will be moved to a global role from Jan 1, 2021. She will take charge of a new consumer, private and business banking (CPBB) business under a slew of changes in the bank's organisation structure.

MAS to step up 'supervisory engagement' to ensure banks meet Sora transition timelines

THE Monetary Authority of Singapore (MAS) will be stepping up supervisory engagement to ensure that banks in the Republic are well-prepared to transition from Swap Offer Rate (SOR) - a key interest rate benchmark - to the Singapore Overnight Rate Average (Sora) by the end of 2021, said a top...

MAS to ramp up supervisory engagement with banks to ensure smooth transition to Sora by end-2021

THE Monetary Authority of Singapore (MAS) will be stepping up supervisory engagement to ensure that banks in the Republic are well prepared to transition from Swap Offer Rate (SOR) - a key interest rate benchmark - to the Singapore Overnight Rate Average (Sora) by the end of 2021, said a top...

MAS move on access to SGD, USD for banks 'a pre-emptive measure'

THE latest move by the Monetary Authority of Singapore (MAS) to boost access to Singapore dollar (SGD) and US dollar (USD) funding for banks will give them more flexibility to manage liquidity in times of market stress, strengthening resilience in the sector, said analysts.

MAS introduces new SGD funding facility for banks, boosts access to liquidity

THE Monetary Authority of Singapore (MAS) announced on Thursday that it will be taking steps to boost Singapore dollar (SGD) and US dollar (USD) funding for banks, in efforts to promote more stable funding conditions and to strengthen the sector's resilience.

DBS gets regulatory nod to set up JV securities firm in China

CHINA'S renewed push to open up its financial sector has cracked the door open further for DBS.

DBS gets regulatory nod to set up JV securities company in China

DBS Group has received the green light from the China Securities Regulatory Commission (CSRC) to establish a joint venture (JV) securities company known as DBS Securities (China), in which DBS will have a controlling stake of 51 per cent.

Maybank Singapore to offer 100 traineeships to fresh grads, mid-career workers

MAYBANK Singapore announced on Tuesday its new 12-month traineeship programme that will recruit at least 100 fresh graduates and mid-career candidates, as part of efforts to grow its talent pool.

NEWS ANALYSIS

How will StanChart sink its roots deeper in Singapore?

WHAT does it mean to be "significantly rooted" in Singapore's financial sector?

BT EXCLUSIVE

Bringing home back-office bank jobs won't fix labour tensions: analysts

WITH unemployment set to rise amid Singapore's deepening recession, there have been calls of late to bring home back-office jobs in the banking industry that have been offshored to countries with lower labour costs and abundant manpower.

BT EXCLUSIVE

Fintech Advance.AI riding wave of buy-now pay-later online shopping

LOCAL fintech Advance.AI has seen rising demand from younger shoppers in taking up instalment plans for online retail spending - a service it is selling to retailers now forced by the pandemic-linked measures to digitalise their sales.