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UBS slashing nearly two dozen jobs in Asia to cut costs
Fri, Dec 16, 2016
UBS Group AG is cutting nearly two dozen jobs in its Asian investment banking business, mainly in Hong Kong and Singapore, as part of a push to slash costs, people with direct knowledge of the matter said.
Govt expects high FDI inflow momentum to continue in 2017
Fri, Dec 16, 2016
Pinning hopes on a slew of foreign direct investment (FDI) reforms unveiled by the government in 2016, the government expects that the momentum of high FDI inflows will continue in the new year. FDI inflows in January-September jumped 21% to $32.18 billion.
Indians invests nearly Rs 13,306 crore in Dubai's realty in H1 of 2016
Tue, Nov 29, 2016
Indians have invested Rs 13,305.5 crore ($2 billion) in Dubai's real estate market in the first half (H1) of this year, said the Goverment of Dubai's Land Department in its recently released data.
Australian banks admit to Malaysian ringgit cartel
Fri, Nov 25, 2016
Australian banks ANZ and Macquarie on Friday agreed to pay Australian dollar 15 million (nearly US $11 million) in fines for trying to manipulate the benchmark rate of the Malaysian ringgit.
Singapore tests blockchain digital currency system for banks
Wed, Nov 16, 2016
Singapore will launch a new electronic payment system using blockchain, the technology behind the cryptocurrency Bitcoin, the city-state`s central bank chief said Wednesday.
Dutch pension fund APG, Xander to invest $450 million in Indian retail
Fri, Nov 04, 2016
Dutch pension fund APG Asset Management and investment firm The Xander Group, backed by the Rothschild family, are co-investing $450 million (nearly Rs 2,993.74 crore) in retail assets in India, boosting their combined investments in the Indian real estate market.
Singapore's DBS extends Asia private banking push with ANZ assets purchase
Mon, Oct 31, 2016
DBS Group plans to buy Australia and New Zealand Banking Group`s wealth and retail businesses in five Asian markets - part of a big private banking push for the Singapore lender and the first significant retreat from Asia for ANZ.
Nitin Gadkari urges private ports to cater to cruise tourism
Sun, Oct 30, 2016
Union shipping minister Nitin Gadkari on Saturday urged private port operators to create necessary arrangements for catering to passengers, pointing out to the prospects of cruise tourism in the country.
Bank of America set to cut about 2 dozen investment banking jobs in Asia
Mon, Sep 26, 2016
Bank of America is set to cut about two dozen investment banking (IB) jobs in Asia, including some top dealmakers starting this week, according to people familiar with the matter.
Indian cyber security body opens first global chapter
Sat, Sep 24, 2016
The DSCI Singapore chapter will help build linkages with various stakeholders in the government, industry and academia and establish channels of collaboration on policy deliberation, industry development and capacity building on security privacy and cyber crime investigation, among others.
Goldman Sachs cutting nearly 30% of Asia investment banking jobs
Fri, Sep 23, 2016
Goldman Sachs is cutting almost 30% of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters.
ICICI Prudential Life IPO to raise nearly $244 million from anchor investors
Sat, Sep 17, 2016
ICICI Prudential Life Insurance Co, which is due to launch on Monday India's biggest initial public offering (IPO) of shares in six years, is raising Rs 1,635 crore ($243.7 million) by selling shares to 38 anchor investors as part of the IPO.
Tata Power's Singapore arm completes 50% stake sale in OTP Geothermal
Wed, Aug 17, 2016
Tata Power's Singapore subsidiary Tata Power International has completed its 50% stake sale in OTP Geothermal to KS Orka Renewables.
Singapore exports down worse-than-expected in July
Wed, Aug 17, 2016
Singapore exports fell more than expected in July from the previous year on softer US and Chinese demand, the government said Wednesday, giving further credence to an economic slowdown this year.
Singapore cuts 2016 forecast as world economy slows
Thu, Aug 11, 2016
"In line with weaker global growth outlook, and barring the full materialisation of downside risks, the 2016 growth forecast for the Singapore economy is narrowed to 1.0 to 2.0 per cent, from 1.0 to 3.0 per cent," the ministry said.
Besides gold medals and glory, the money athletes will make at the finish line
Wed, Aug 10, 2016
Athletes receive massive incentives for winning medals during the Olympics, apart from this the bonuses on offer make the games more lucrative.
GST regime likely to have minimum impact on CPI inflation: SBI
Fri, Aug 05, 2016
The implementation of the GST Bill in the country is likely to have a minimal impact on the Consumer Price Index-based (CPI) inflation, the State Bank of India (SBI) said in its latest research report.
GST: Tax rates that other countries charge
Wed, Aug 03, 2016
The Goods and Service Tax (GST) Consitutional Amendment was finally passed after 16 years as the Rajya Sabha voted in favour of it on Wednesday. The bill was unanimously passed by the members of the house.
ST Telemedia to buy 74% stake in Tata Communications' data centre business
Thu, May 19, 2016
Commenting on the acquisition, ST Telemedia's Executive Director Sio Tat Hiang said, "The latest addition of India to the STT GDC network will be a major impetus to advance the company’s ambition to be a significant global data centre service provider."
Tax treaty with Singapore is being amended, says Arun Jaitley
Mon, May 16, 2016
Jaitley said, "The negotiation for revising tax treaty with Singapore is going on. I cannot give a time frame for when it will be completed."