International Finance

Tag : Singapore

Economy

China’s investment in Indonesia up from $600 million to $1.6 billion

Boost for President Joko Widodo’s ambitious program to build infrastructure IFM Correspondent November 1, 2016: Many countries are racing to invest in Indonesia, South East Asia’s biggest economy. Last week, Finance Minister Sri Mulyani Indrawati said the economy will probably expand 5 percent this year, making Indonesia an attractive investment destination. According to reports from...
Uncategorized

Singapore’s economy to stay sluggish in 2017

Growth in 2017 expected to be only slightly higher than this year, just above 2% IFM Correspondent October 31, 2016: Singapore’s central bank, the Monetary Authority of Singapore (MAS), said that the country’s small, trade-dependent economy is going through a cyclical downturn that has lasted longer than expected and is not expected to pick up...
Banking

Swiss bank loses Singapore banking licence

But Falcon Private Bank welcomes end of 1MDB investigation that caused a political scandal in Malaysia October 11, 2016: Falcon Private Bank, a Swiss private banking boutique with 50 years of expertise in wealth management, has lost its banking licence in Singapore as a fall-out of the 1MDB case. The Swiss Financial Market Supervisory Authority...
Fintech

VocaLink to make a push in Asia Pacific

International Finance Desk
Appoints Don Chow to lead Business Development in the region September 13, 2016: VocaLink, the global payment partner to banks, corporates and governments, has announced that Don Chow has joined the firm as Senior Vice-President, Asia Pacific. Based in Singapore, Don will be responsible for business development throughout Asia Pacific, working across the full range...
Business Leaders

Green buildings: Paris achieves top rank

Singapore and London are ranked second and third, respectively IFM Correspondent July 8, 2016: Paris has taken the numero uno rank in the Top 10 global cities for green buildings, according to a recent white paper published by Solidiance, a management consultancy firm in Asia. It is followed by Singapore and London. The methodology used...
Business Leaders

Turner & Townsend relocates two senior leaders to Singapore

Move to boost Asia business July 5, 2016: Independent professional services company Turner & Townsend has relocated its global head of major programmes to Singapore and appointed a new managing director for South East Asia to further strengthen business in the region. Ashley Prail, who has led the consultancy’s major programmes across the world for...
Business Leaders

‘Lazada and Alibaba partnership will bring significant synergies’

Giovanni Puglisi Interview with Riccardo Basile, Chief Commercial Officer of Lazada Group June 6, 2016: Lazada is Southeast Asia’s undisputed retail giant. However, data by Rocket Internet, the Germany-based company behind Lazada, reveals that despite strong revenues, the e-commerce giant has struggled to generate profit. The company’s latest financial results show €275 million in revenue...
Banking

LCP brings in former FTSE chairman as property fund director

Richard Crowder has experience in growing securities, banking, investment and advisory May 6, 2016: As part of its continued commitment to the highest levels of regulatory oversight, leading Central London property fund and asset management specialist, London Central Portfolio (LCP), is delighted to announce the appointment of Richard Crowder, an experienced FTSE 250 Chairman, as a...
Economy

Will AEC be a force to reckon with?

The 10-nation group wants to make its presence felt globally Suparna Goswami Bhattacharya February 24, 2016: This year, Southeast Asian countries finally embarked on a new journey — the formation ASEAN Economic Committee (AEC). It has been in the works for years now and hence it is not surprising that expectations ran high when the...