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World Bank’s IFC names Nicolas Marquier as new country manager for Singapore

THE International Finance Corporation (IFC), a member of the World Bank Group, on Monday appointed Nicolas Marquier as its next country manager for Singapore. by : Fiona Lam Source link

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Maybank aims to diversify income streams, Companies & Markets

AS dark clouds continue to loom over the global economy, Maybank Singapore aims to double its non-lending income contribution from its retail small and medium-sized enterprise (RSME) segment in the next three years, in an…

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Fintech founder Joe Cho ‘under police probe in South Korea’, Garage

Fintech founder Joe Cho ‘under police probe in South Korea’, Garage

Singapore THE founder of fintech firm Marvelstone Group – which was once based in Singapore – is now under investigation by police in his home country of South Korea over allegations of financial crimes, said…

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Bank lending dips in July, weighed down by fall in business loans, Banking & Finance

Bank lending dips in July, weighed down by fall in business loans, Banking & Finance

Singapore A DROP in business loans was the main drag to total bank lending in July, even as housing loans continued to slide for the seventh straight month. Bank lending in Singapore dipped 0.9 per…

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End of Libor will see replacement of SOR benchmark, Banking & Finance

End of Libor will see replacement of SOR benchmark, Banking & Finance

Singapore SINGAPORE will transition from the use of the Sing-dollar Swap Offer Rate (SOR) to the Singapore Overnight Rate Average (SORA) over the next two years, as the scandal-tainted Libor is due to meet its…

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Haidilao founder knocks Far East siblings off the top of Forbes Singapore Rich List, Banking & Finance

Haidilao founder knocks Far East siblings off the top of Forbes Singapore Rich List, Banking & Finance

Thu, Aug 29, 2019 – 10:31 AM CONSUMERS’ love for hot pot has propelled Haidilao founder Zhang Yong to the top of the 2019 Forbes Singapore Rich List, with a net worth of US$13.8 billion.…

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RBC Wealth Management hires director for Singapore office, Banking & Finance

RBC Wealth Management hires director for Singapore office, Banking & Finance

Singapore RBC Wealth Management has appointed Andrew White as director, private banking, for its Singapore office. Mr White’s remit will primarily focus on the business’s Asia’s Global Families client segment, the wealth management firm said…

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StanChart names new Singapore head of retail banking, Companies & Markets

StanChart names new Singapore head of retail banking, Companies & Markets

Singapore STANDARD Chartered Bank has appointed Dwaipayan Sadhu as its head of retail banking in Singapore, effective Sept 1, 2019. Based in Singapore, Mr Sadhu will report to Patrick Lee, chief executive officer (CEO) of the…

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Hotpot king pips Far East brothers to head Forbes Singapore’s richest list, Banking & Finance

Hotpot king pips Far East brothers to head Forbes Singapore’s richest list, Banking & Finance

Singapore HOTPOT king and Haidilao founder Zhang Yong has displaced real estate tycoons Robert and Philip Ng of Far East Organization as Singapore’s richest man – topping the 2019 Forbes Singapore Rich List with a…

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Investors back in Singapore bond market with a vengeance, Banking & Finance

Investors back in Singapore bond market with a vengeance, Banking & Finance

Singapore SINGAPORE bond investors have rushed back into the market on fears that yields could fall further. Singapore dollar bond issuance this month hit S$2.3 billion from five deals, almost double the S$1.25 billion sold…

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