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SINGAPORE (Bloomberg): Singapore has laid its first charges in the Wirecard scandal, accusing a director of Citadelle Corporate Services of falsifying accounts.
SINGAPORE: Two of Singapore’s largest banks laid out the damage to their balance sheets caused by the pandemic, reporting the second straight quarterly plunge in profits and another surge in bad-debt provisions.
SINGAPORE: The Monetary Authority of Singapore (MAS) said it plans to revise rules governing foreign banks with a substantial local presence that may allow them to open digital-only banking subsidiaries.
SINGAPORE: Singapore’s central bank has asked locally incorporated lenders to cap their 2020 dividends at 60% of last year’s levels, to ensure a sufficient flow of loans as they confront the downturn triggered by the pandemic.
HONG KONG: Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted investment loss of HK$10.6 billion ($1.37 billion) in the first half of 2020, the Hong Kong Monetary Authority (HKMA) said on Friday.
POLICY makers in the U.S. will resume contentious talks this week on another round of stimulus that could prove critical to the still-fragile recovery of the world’s largest economy.
SINGAPORE, July 17 (The Straits Times/ANN) - A low year-ago base and strong performance of the electronics sector pushed up Singapore non-oil domestic exports (Nodx) in June, putting them back on track of recession-defying growth.
SINGAPORE (The Straits Times/ANN): A low year-ago base and strong performance of the electronics sector pushed up Singapore non-oil domestic exports (Nodx) in June, putting them back on track of recession-defying growth.