HOCK LOCK SIEW

YuuZoo: A ghost trapped in suspension

AFTER almost a year of ongoing investigation by the Commercial Affairs Department (CAD), YuuZoo Networks Group Corp has thrown in the towel in Singapore and ceased operations here.

SGX eyes multi-asset, multi-purpose, borderless future: CEO

WHILE securities trading will remain an important facet of Singapore's capital market, the future success of Singapore Exchange (SGX) hinges on the exchange being multi-asset, multi-purpose and borderless, its chief executive officer, Loh Boon Chye, said. ...
BT EXCLUSIVE

YuuZoo quits office with unsettled rents; CEO resigns over unpaid salary

MORE trouble appears to be brewing at YuuZoo Networks Group Corp (formerly YuuZoo Corporation) as the social media company vacates its flagship office at the iconic 20 Science Park Road, Teletech Park, in Singapore without settling its rent.

HKEx's China stock futures to pose competition for SGX

AS international fund interest in China is expected to climb, the battle to offer global investors hedging tools to manage their risk and exposure to Asia's largest equity market has gone up another notch. ...

Baltic Exchange new Asia head eyes stronger regional presence

MORE than two years since Singapore Exchange (SGX) sealed its £87 million (S$156) purchase of Baltic Exchange, one of London's oldest establishments, the latter is poised for a stronger presence in Asia...
BT EXCLUSIVE

Shareholder e-voting on agenda as Singapore trials blockchain-based system

INVESTORS who are unable to attend shareholder meetings may soon be able to do so when a game-changing electronic voting system goes live nationwide following a trial that is taking place now.
HOCK LOCK SIEW

Will DBS be third time lucky in transforming its retail equities strategy?

LAST month, DBS Bank unveiled plans to transfer its retail equity trading under its brokerage arm, DBS Vickers, to the bank by year end, triggering a public outpour of support for its remisiers, including that from remisiers of rival houses.

Rivals out in force to woo remisiers on news of DBS Vickers' revamp

BARELY a day after The Business Times (BT) reported that DBS would transfer its retail equity trading under DBS Vickers to the bank by year-end, four leading brokerages in Singapore jumped into action and placed recruitment notices to woo these affected remisiers into joining their teams.

DBS to merge retail equities trading into bank by year-end

DBS, Southeast Asia's largest bank by market value, will transfer its retail equity trading under DBS Vickers to the bank by the end of the year, leaving the securities and derivatives arm to focus on its institutional clients...
SINGAPORE BUDGET 2019

Reits sector gets big boost from lifting of sunset clause on tax exemption

FOR Singaporeans investing in real estate investment trusts (Reits), Finance Minister Heng Swee Keat's removal of the sunset clause for tax exemption on Singapore-listed Reits (S-Reits) and Reits Exchange-Traded Funds (Reits ETFs) distributions is undoubtedly welcome news...
BT EXCLUSIVE

DBS group plans major revamp of DBS Vickers

DBS BANK is revamping its retail stock-brokerage operations and exploring alternative models to its current broking arm DBS Vickers - with a view to providing customers with more holistic services.

Singapore Budget 2019: FY2019 budget position expansionary, with basic deficit of S$7.1b

SINGAPORE'S 2019 Budget position remains expansionary, with a basic deficit of S$7.1 billion, Finance Minister Heng Swee Keat said in Parliament on Monday. ...

Singapore Budget 2019: Singapore to tighten GST import relief, alcohol duty-free concession

SINGAPORE will tighten the goods and services (GST) import relief and the alcohol duty-free concession for travellers, Finance Minister Heng Swee Keat said in Parliament on Monday. 

Singapore Budget 2019: CPF top-up of up to S$1,000 for eligible Singaporeans aged 50 to 64 in 2019

ELIGIBLE Singaporeans aged 50 to 64 years old in 2019, who have less than S$60,000 of retirement savings in their CPF accounts, will get a CPF top-up of up to S$1,000 in their CPF accounts.

Singapore Budget 2019: S$200m for Bicentennial Community Fund, S$1.1b for Bicentennial Bonus

SINGAPORE will set aside S$200 million for a Bicentennial Community Fund, and introduce a S$1.1 billion Bicentennial Bonus, in the spirit of giving back to society as the Lion City commemorates the Singapore Bicentennial.

Singapore Budget 2019: S$20/mth more for Singapore Allowance and monthly pension ceilings

TO help government pensioners who draw lower pensions, the Singapore government will increase the Singapore Allowance and monthly pension ceilings by S$20 a month each to S$320 and S$1,250 respectively. 

Singapore Budget 2019: MediSave top-up of S$100/yr for next 5 years for Singaporeans aged 50 and above in 2019

TO help Singaporeans who are younger than the Merdeka Generation with their future healthcare expenses, the government will provide a MediSave top-up of S$100 a year, for the next five years, for Singaporeans who are aged 50 and above this year and who do not receive the Merdeka Generation Package...

Singapore Budget 2019: Singapore to set aside another S$3.1b for Long-Term Care Support Fund

SINGAPORE will set aside another S$3.1 billion into a new Long-Term Care Support Fund, Finance Minister Heng Swee Keat said in Parliament on Monday. 

Singapore Budget 2019: Singapore expects to pay out more than S$200m a year in Community Health Assist Scheme subsidies

SINGAPORE expects to pay out more than S$200 million a year in Community Health Assist Scheme (CHAS) subsidies, Finance Minister Heng Swee Keat said in Parliament on Monday. 

Singapore Budget 2019: Singapore to spend S$4.6b over next 3 years on economic transformation and jobs

SINGAPORE expects to spend S$4.6 billion over the next three years on the new and enhanced economic capability measures in Budget 2019 and to support Singaporean workers. 

Singapore Budget 2019: Building Singapore as a Global-Asia node of technology, innovation and enterprise

SINGAPORE will press on with industry transformation and build its position as a Global-Asia node of technology, innovation and enterprise, to open up new opportunities as technologies advance and converge.

Singapore Budget 2019: Singapore to cut services sector dependency ratio ceiling, defer foreign worker levy rates for shipyard and process sectors

SINGAPORE will reduce the services sector Dependency Ratio Ceiling (DRC) in two steps, from 40 per cent to 38 per cent on Jan 1, 2020, and to 35 per cent on Jan 1, 2021, Finance Minister Heng Swee Keat said in Parliament on Monday. 

Singapore Budget 2019: Singapore to launch new Professional Conversion Programmes for new growth areas

SINGAPORE will launch new Professional Conversion Programmes (PCPs) relating to blockchain, embedded software and prefabrication to prepare Singaporeans to move into new growth areas, Finance Minister Heng Swee Keat said in Parliament on Monday. 

Singapore Budget 2019: Singapore sees over 220 venture capital deals, worth US$4.2b, a year

SINGAPORE'S start-up eco-system is flourishing, boasting of more than 220 venture capital deals per year, worth close to US$4.2 billion, Finance Minister Heng Swee Keat said in Parliament...

Singapore Budget 2019: Productivity grew 3.6% a year in the past 3 years

PRODUCTIVITY, as measured by real value-added per actual hour worked, grew by 3.6 per cent per year in the past three years, higher than the 1.6 per cent per annum growth recorded in the preceding three years, from 2012 to 2015.