BT EXCLUSIVE

Singapore eyes faster, cheaper forex trading ecosystem

TRADING in Singapore's US$517-billion-a-day foreign exchange (FX) market is about to get even faster, cheaper and a whole lot more efficient. ...

Spark Systems wants Singapore hardwired for FX

SPARK Systems is a potential game changer in the foreign exchange (FX) space in Singapore.
NEWS ANALYSIS

StarHub CEO is departing at pivotal time for telco

THE sudden departure of a chief executive officer (CEO) without a successor in place can be worrisome. Outgoing executives often cite "pursuit of own interests" as a neutral reason to explain their departure, but this belies the real concerns over the future of the company and the...

Grooming champions of tomorrow

GETTING an interview with David Chiem, the founder of MindChamps, was not easy. The 47-year-old has been busy travelling and securing deals to expand his pedagogy empire which he started building in 2008.

Temasek-linked DBS sold 900,000 StarHub shares for S$2.45m on Nov 13

DBS Group Holdings sold 900,000 shares of StarHub, Singapore's second-largest telco after SingTel, for about S$2.45 million on Nov 13, according to a filing with the Singapore Exchange...
HOCK LOCK SIEW

It's smelling like S-chip trouble at ETC

"DEJA vu all over again." The classic remark by Yogi Berra, one of the best catchers in major league history, seems particularly apt when describing what is plaguing Emerging Towns & Cities Singapore (ETC)...

MindChamps offers 30.4m shares at S$0.83 each in Singapore IPO to fund expansion plans

MINDCHAMPS Preschool, Singapore's biggest provider of premium preschools by market share, is aiming to raise S$49.3 million in gross proceeds from its mainboard listing on the Singapore Exchange to fund expansion plans...

MindChamps registers IPO at S$0.83 per share to value company at S$200m

MINDCHAMPS Preschool, Singapore's largest provider of premium preschools by market share, on Friday offered 30.4 million shares at $0.83 each for an initial public offering that values the company at S$200.5 million...

Property developer ETC uncovers unauthorised withdrawals in China

IT was a union that gave Emerging Towns & Cities Singapore (ETC) a lifeline for a fresh start. But after two years, the marriage is beginning to break down, mired in broken trust and conspiracy.

Charles Schwab entry in S'pore heralds new era for investors

A NEW era of investing revolution is taking place in Singapore, with discount brokerage powerhouse Charles Schwab opening an office in the city-state, rattling not just stock brokerages but private banks with its promise of "no trade-offs for investors between quality advice, price and...

Charles Schwab opens Singapore office

BROKERAGE powerhouse and New York-listed Charles Schwab announced on Wednesday the launch of its Singapore office aimed at providing Singapore and Asian investors greater access to the US market, which has been hindered by high transaction fees and unfamiliarity.

What makes a director independent? Issue still hotly debated

FIVE years have passed since Singapore's corporate governance code set out the guidelines for a strong and independent element on a company's board, but it remains a hotly-debated and emotive topic. ...

Cybersecurity critical concern of Singapore companies but not ranked high in board focus: survey

WHILE cybersecurity is a major concern at nine out of 10 boards in Singapore, it is not part of strategic discussions at board level.
HOCK LOCK SIEW

S'pore corporates need more innovative boards

EVERY now and then, corporates would make the sort of announcement familiar to all investors - a new chairman or director has been appointed, replacing a retiring one.

UBP looking at needs instead of just numbers

A YEAR and a half after its acquisition of the international private banking business of centuries-old UK bank Coutts, Union Bancaire Privée (UBP) wants to move beyond the volume game and focus on its time-proven wealth advisory solutions.
COMMENTARY

Many roads ahead for Spore's insurance industry

LIM Hng Kiang, Deputy Chairman of the Monetary Authority of Singapore (MAS), unveiled on Wednesday plans aimed at plugging Singapore's timeworn insurance sector into emerging regional and global trends...
TOPLINE

FJB sews up new look for profitability

FJ Benjamin Group (FJB) CEO Nash Benjamin kicked off this interview arranged to garner deeper insights into the luxury retailer's future plans, with a song...

Citi Private Banking appoints Steven Lo as successor to retiring Asia head

CITI Private Bank has appointed Steven Lo as its new Asia head, succeeding Bassam Salem when he retires in February next year.

Citi Private Bank's Asia-Pac CEO to retire in Feb 2018

Citi Private Bank's Asia chief executive officer, Bassam Salem, will step down effective February 2018 after six years at the helm, sources close to the bank told The Business Times on Thursday...

Liechtenstein's VP Bank ready to make acquisitions in Asia

ARMED with a healthy balance sheet and three supportive strategic shareholders, Liechtenstein private bank, VP Bank Group, is prepared to make acquisitions in Asia to accelerate growth.

World travel body expects S'pore tourism revenue to hit US$18b by 2027

SPENDING on travel and tourism in Singapore over the past decade has grown at an average rate of 7.3 per cent to double to US$12.4 billion in 2016 - and the figure is poised to rally further in the next 10 years if the government succeeds in getting visitors to part with their money.

Singapore tourism doubled in 10 years, supports 164,000 jobs: WTTC

SINGAPORE'S tourism has doubled in the past 10 years to US$12.4 billion in 2016 and supports 164,000 jobs, according to latest release by the World Travel & Tourism Council (WTTC). ...

FJB's senior management takes 70% pay cut, seeks S$39m cash call

IN a move that reflects the tough times facing retailers here, the senior management of one of Singapore's prominent luxury fashion retailers, FJ Benjamin (FJB), has taken a further 40 per cent pay cut on top of an earlier 30 per cent to speed up its recovery...

F J Benjamin plans rights cum warrant issue to raise up to S$39m; narrows Q1 losses

FASHION retailer F J Benjamin Holdings (FJB) announced on Monday a rights cum warrants issue to raise up to S$39 million.

MAS keeps neutral stance, softens guidance

GUIDED by inflation that was largely kept in check even as the economy grew at the fastest pace in more than three years in the third quarter, the Monetary Authority of Singapore (MAS) is keeping its neutral stance on its exchange rate-based policy.