Singapore business news in brief

OVERSEA-Chinese Banking Corp (OCBC) has launched an online trading account for smaller investors, namely Equity Investment Account, charging a brokerage fee of S$20 per trade for trades up to S$10,000 in value. 

Currently, the bank charges S$30 for every broker-assisted trade, S$20 for every online trade and 0.2% of the value of trades above S$100,000. – AFX 

HOTELS have projected business to decline by 60%–80% in the second quarter of the year compared with a year ago following the outbreak of the Severe Acute Respiratory Syndrome, a Straits Times report said citing a Singapore Tourism Board spokesman. 

The Singapore Hotel Association said 32 major hotels had recorded losses of more than S$20mil in three weeks and some have made the decision to cut pay by as much as 25% from May. – AFX 

Another perspective from The Straits Times, a partner of Asia News Network. 

For more foreign business news click here

 

 

Currently, the bank charges S$30 for every broker-assisted trade, S$20 for every online trade and 0.2% of the value of trades above S$100,000. – AFX