• Sat
  • Dec 20, 2014
  • Updated: 3:19pm


Acquisitions no easy way for Singaporean banks to win in Hong Kong, mainland China

Questions have been raised over the price OCBC paid in taking over Wing Hang Bank. Photos: AFP, Bloomberg

Can Singaporean banks win more business in Hong Kong or even in the much bigger mainland market simply through high-cost acquisitions?

Monday, 7 April, 2014, 8:37am

Hong Kong's top ranking for economic freedom feels a good laugh

 Hong Kong is still the regional headquarters of many Fortune 500 firms, but the growth trend looks weak.

Did the Heritage Foundation ever send its experts into the streets of Hong Kong to meet ordinary people and ask them how free the city's economy has become in recent years?

20 Jan 2014 - 9:17am 3 comments

Adultery website unwelcome in Singapore: minister

Ashley Madison CEO Noel Biderman in Hong Kong this August. Photo: May Tse

The Singapore expansion plan of an international dating service promoting adultery has ignited a social media protest and a sharp rebuke on Friday from the city-state’s social affairs minister.

25 Oct 2013 - 5:59pm 1 comment

Hong Kong ideal to host infrastructure bank, says JP Morgan chief

President Xi Jinping. Photo: AFP

The Hong Kong government should grab the opportunity to make the city the home for the new Asian infrastructure investment bank proposed by President Xi Jinping during his trip to Southeast Asia last week, says a top banker and influential political adviser to Beijing.

11 Oct 2013 - 4:40pm 5 comments

UOB eyes deals with Chinese firms after Xi's Asean trip

Christine Ip wants to double UOB's foreign direct investment business between Hong Kong and Southeast Asia, with mainland firms as her primary target. Photo: Felix Wong

United Overseas Bank (UOB), one of Singapore's three biggest banks by assets, is repositioning itself to be the go-to bank for capital-rich state-owned enterprises from mainland China seeking investment opportunities in the Asean region.

7 Oct 2013 - 7:16am

Singapore yards benefit from China shipbuilding woes

China Rongsheng could become the biggest casualty of a local shipbuilding industry hit by a glut of capacity and shrinking orders. Photo: Reuters

Singapore’s Keppel Corp and Sembcorp Marine, the world’s top offshore rig-makers, stand to be among the winners from Beijing’s moves to tighten credit amid a downturn at China’s shipyards.

The two companies have been under mounting pressure from Chinese yards offering generous payment terms, price discounts and help with financing.

18 Jul 2013 - 11:18am

Internet big boys take aim at Singapore’s 'regressive' new rules

The Internet and related industries have become an important sector for Singapore, with revenues last year growing 23 per cent to S$103 billion (HK$622.95 billion). Photo: Reuters

Singapore’s move to tighten regulation of news web sites, already under fire from bloggers and human rights groups, has attracted criticism from an unexpected quarter - large internet firms with a big presence in the city-state who say the new rules will hurt the industry.

8 Jul 2013 - 3:35pm 3 comments

Indonesia starts cloud-seeding to fight smog

Malaysia's capital, Kuala Lumpur (top), covered in smog yesterday; how the same area looked early last week (bottom). Photos: Reuters

Indonesia has begun seeding clouds in an attempt to create rain to put out blazes that have choked Singapore and Malaysia with smog, officials said, while launching investigations into plantation firms suspected of starting the fires.

24 Jun 2013 - 5:31am

Haze over Singapore gets worse

A group of office workers wearing face masks take a picture in Singapore on Thursday. Singapore has demanded action by Indonesia on fires raging in Sumatra. Photo: AFP

Singapore urged people to remain indoors amid unprecedented levels of air pollution on Thursday as a smoky haze wrought by forest fires in neighbouring Indonesia worsened dramatically. Nearby Malaysia closed 200 schools and banned open burning in some areas.

20 Jun 2013 - 5:47pm

Singapore fumes after pollution hits 16-year high

Smoke haze shrouds Marina Bay area in Singapore on Tuesday. Land and forest fires on Indonesia's island of Sumatra frequently create a thick, grey haze during the dry season. Photo: Xinhua

Singaporeans rolled back military training, kept cough-stricken children indoors and considered wearing protective masks to work on Tuesday after a smoky haze triggered by forest fires in neighbouring Indonesia caused air pollution to briefly hit its worst level in nearly 16 years.

18 Jun 2013 - 3:16pm

Smoky haze from Indonesian forest fires chokes Singapore, Malaysia

The smoky view from Singapore's Marina Bay Sands. Photo: Reuters

Singapore urged Indonesia to take "urgent measures" as severe air pollution from forest fires on Sumatra choked the densely populated city state.

Singapore's skyscrapers, including the Marina Bay Sands casino towers, were yesterday shrouded in haze and the acrid smell of burnt wood wafted through the central business district.

18 Jun 2013 - 2:00am

Singapore air worsens as smoke billows in from Indonesia forest fires

Visitors take photos on an observation deck at the Marina Bay Sands Skypark overlooking the haze covered skyline of Singapore. Photo: Reuters

The Pollutant Standards Index reading at noon stood at 105, according to the National Environment Agency (NEA) website. Any reading above 100 is categorised as unhealthy.

17 Jun 2013 - 4:11pm

Singapore official gets jail sentence in sex case

Former top civil servant Peter Lim (left) arrives with his lawyer at the Subordinate courts in Singapore.  LIm received a prison sentence on Thursday. Photo: AFP

A judge sentenced Singapore’s former chief of emergency services to six months in jail on Thursday for accepting an offer of sex from a woman who sought business favours.

Corruption convictions involving senior government officials are rare in this city-state that prides itself on facing very few graft cases compared to some of its Southeast Asian neighbours.

13 Jun 2013 - 5:01pm

Lebanese referees admit agreeing to fix soccer match for sex in Singapore

Gary Low, the lawyer for the three Lebanese referees accused of accepting free sex, left the court yesterday. Photo: AFP

Three Lebanese referees pleaded guilty yesterday to accepting free sex from a gambling-linked global syndicate in return for agreeing to rig a match. A Singaporean district court judge jailed assistant referees Ali Eid, 33, and Abdallah Taleb, 37, for three months.

11 Jun 2013 - 4:27am

Singapore's scale models

Frayn Yong's fragile pencil-lead sculptures, displayed at this year's Open House! art walk at Marina Bay. Photo: heykumo.org

Singaporean artist Frayn Yong's recent work can fit into a few plastic containers, no bigger than a standard document box. It's not that he's a laggard. It's because his works - painstakingly fashioned out of pencil lead - are small and delicate.

9 Jun 2013 - 2:35pm