Citi puts bigger bet on Singapore with family offices as ace in hand

CITI'S private banking business is looking to leverage Singapore's strategy in wooing more global family offices, with the city-state seen to have a "real lead" over the rest of the region, said Peter Charrington, global head of Citi Private Bank.

Singapore retail sales dive in June, marking 5th straight month of decline

RETAIL takings plunged in June compared to a year ago on the back of poor motor vehicle sales, resulting in a fifth straight month of decline.

STARTUPS

LiquidX partners DBS; ramping up expansion plans in Singapore

NEW York-headquartered trade finance marketplace LiquidX has managed to get DBS, South-east Asia's largest lender, onboard its network - the first bank here in Singapore to do so.

BANK EARNINGS

UOB banking on going digital in Asean with TMRW; Q2 profit is up 8%

UOB is likely to launch its next digital bank in Vietnam or Indonesia within the next few months, following the opening in Thailand earlier this February of its mobile-only bank targeted at Millennials.

SINGAPORE ECONOMY

Sentiment tanks, services firms less upbeat in H2: surveys

BUSINESS sentiment for the second half of 2019 sank among manufacturers and services firms in Singapore on the back of global trade tensions, according to two surveys released on Wednesday.

DBS confident in fending off digital challengers

DBS is "relatively confident" about taking on digital bank challengers, as it is fairly advanced in terms of its digital capabilities and solutions on the back of its headstart, said CEO Piyush Gupta at its second quarter results briefing on Monday.

Asean the “real prize” for Singapore’s upcoming digital banks: Maybank Kim Eng

THE “real prize” for Singapore’s upcoming five challenger digital banks is the Asean market, where half of the population is underbanked and incumbent banks are still catching up, according to a recent report by Maybank Kim Eng.

Banks still see silver lining in trade financing

ON THE surface, it might seem like a logical conclusion to make that trade financing volumes are shrinking in line with the global slowdown on the back of the US-China trade conflict.

MAS CDO switches to new role of special adviser in AI

THE Monetary Authority of Singapore (MAS) confirmed on Friday that David Hardoon has relinquished his role as chief data officer (CDO) to take on the newly-created role in MAS of special adviser (artificial intelligence) with effect from July 18.

BT EXCLUSIVE

MAS chief data officer David Hardoon moves to newly-created role of special advisor for AI

THE Monetary Authority of Singapore (MAS) confirmed on Friday that David Hardoon has relinquished his role as chief data officer (CDO) to take on the newly-created role in MAS of special advisor (artificial intelligence) with effect from July 18.

FINANCIAL WELLNESS INDEX

Most working adults not financially ready for retirement

THE majority of working adults in Singapore are financially unprepared for retirement, with one in three saying that they do not invest and see investing as a form of gambling.

1 in 3 Singaporeans do not invest, most financially unprepared for retirement: OCBC survey

ABOUT one-third of Singaporeans do not invest and see investing as a form of gambling, even as the majority of respondents were found to be financially unprepared for retirement.

COMMENTARY

Positive moves to tackle shortage of Singapore MNCs

GETTING local companies to venture overseas to build the "external wing" of the Singapore economy is nothing new. But ever since internationalisation was proposed as an economic strategy back in 1993, just how many globally competitive companies have made a name for themselves worldwide, if we...

CUBICLE FILES

Why spotting "hidden influencers" at work matters

WHEN one thinks of influencers these days, it is usually in a less-than-flattering light. Often dismissed as jobless millennials out to fleece corporations and hoodwink the public, the term "influencer" is now synonymous with "freeloader".

GROWING SMEs

Scale-up SG to groom promising local firms to be world powerhouses

A NEW initiative to turbo-charge the growth of promising local enterprises to become international names was launched on Wednesday, as part of the government's efforts to grow more companies that can compete on the world stage.

Scale-up SG to groom promising Singapore firms to be world powerhouses

SOME 25 promising local companies will be groomed to become future global powerhouses, as Enterprise Singapore launched its inaugural run of the Scale-up SG programme on Wednesday.

SINGAPORE ECONOMY

Way forward is to grow external wing to beat constraints: Chan Chun Sing

IN the next lap of Singapore's economic development, local companies will see the world as their hinterland, instead of being constrained by geographical size or location, said Minister for Trade and Industry (MTI) Chan Chun Sing in Parliament on Monday.

Singapore Parliament

Trade war, major export markets to determine Singapore's economic outlook: Chan Chun Sing

THE outlook for the Singapore economy will be determined by developments in the US-China trade conflict, as well as how the city-state’s major export markets perform, said Trade and Industry Minister Chan Chun Sing in Parliament on Monday.

Singapore companies look to Asean to pick up slack from trade war: HSBC

THE United States-China trade conflict has dominated discourse for a year now, but Singapore businesses are not letting it get in the way of their future plans, even as the global growth outlook appears increasingly gloomy.

TOWKAYS

Hunger for growth

Chope founder and CEO Arrif Ziaudeen is ready if you’re thinking of stealing his lunch.

BUDDING ENTREPRENEURS

At your service

Poon Da Qian, founder and CEO of startup Butler in Suits, shares why he decided to create a housekeeping, hospitality and real estate management service company in Singapore.

BT EXCLUSIVE

Forecasting recession and recovery is a mix of science, art and timing

MORE economists are now saying that Singapore could enter a downturn next year, as the simmering US-China trade war threatens to bubble over and affect the rest of the world.

CUBICLE FILES

Office redesigns show you what your culture really is like

OFFICE redesigns can really be a litmus test of the kind of relationship management has with employees.

SINGAPORE ECONOMY

Electronics exports hit 10-year low, heralding further pain ahead

SINGAPORE'S electronics exports in May posted their sharpest contraction since 2009, dragged down by the US-China trade conflict, the fading of the semiconductor cycle and weakening external demand.

Singapore NODX extends decline in May; posts worst showing in more than 3 years

SINGAPORE’S non-oil domestic exports (NODX) slumped by 15.9 per cent in May, as uncertainty from global trade tensions, the fading of the electronics cycle, and a high base from a year ago continue to bite.