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Singapore Business Review 10/07/2020 03:08
Uploaded By:. Paul Howell. Submitted By:. Staff Reporter. Case Study:. No. It has a combined AUM of $75b. Temasek has established Sevoria Holdings, an asset management group with a combined AUM of $75b. In an announcement on their website, Temasek said that Sevoria will serve as the operational holding company for four of its existing asset management companies it owns or is affiliated to: Azalea Investment Management, Fullerton Fund Management Company, InnoVen Capital and Seatown Holdings International.
Singapore Business Review 10/07/2020 02:51
Uploaded By:. Paul Howell. Submitted By:. Staff Reporter. Case Study:. No. This includes Facebook’s first data center in Asia. Sunseap has signed an agreement with Facebook to supply its first custom-built data center in Asia with renewable energy as well as all of its operations in Singapore. The agreement will reduce Facebook’s greenhouse gas emissions by 75%, a press release said. The energy will come from Sunseap’s solar projects located on the rooftops of 1,200 public housing residential blocks and 49 government buildings with an estimated 100MWp of solar capacity when completed next year.
Singapore Business Review 10/07/2020 02:49
Uploaded By:. Paul Howell. Submitted By:. Staff Reporter. Case Study:. No. Almost 2,200 employers are under review. The police are investigating four employers for allegedly abusing the Jobs Support Scheme. This came after the Inland Revenue Authority of Singapore conducted a review of the JSS. At least 444 employers have also been denied either full or partial JSS payouts after investigations revealed some employers have abused the program.
Singapore Business Review 10/07/2020 02:49
Uploaded By:. Paul Howell. Submitted By:. Staff Reporter. Case Study:. No. Individuals can choose to make reduced instalment payments for up to nine months. The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS) and the Finance Houses Association of Singapore (FHAS), announced an extension of support measures to help individuals and small and medium-sized enterprises (SMEs) facing payment difficulties in transitioning gradually to full loan repayments.
Singapore Business Review 10/07/2020 02:44
Uploaded By:. Paul Howell. Submitted By:. Staff Reporter. Case Study:. No. All sectors, excluding construction, saw a decline with trailing payments. Singapore’s payment performance fell further in Q3, even with some slight improvements across certain sectors. According to Singapore Commercial Credit Bureau, prompt payment accounted for less than two-fifths of total payment transactions while slow payment accounted for more than two-fifths of total payment transactions.
Singapore Business Review 10/06/2020 23:41
Uploaded By:. Paul Howell. Submitted By:. Staff Reporter. Case Study:. No. The global sustainability plan aims to build, enable, and accelerate. CapitaLand has launched its first Sustainability Master Plan that caters to the company’s sustainability targets, strategies and plans for the next decade till 2030. The plan focuses on three key themes to drive the company’s sustainability efforts in the environment, social and governance (ESG) pillars. The group said that it is the first real estate company in Singapore to set a public sustainable finance target.
Singapore Business Review 10/02/2020 02:31
Uploaded By:. Alyssa Divina. Submitted By:. Staff Reporter. Case Study:. No. Members up to age 60 will be covered for a $70,000 sum. The Central Provident Fund Board (CPF) has chosen Great Eastern as the insurer for Dependants’ Protection Scheme (DPS) for members over the next five years, a statement read. In the newly enhanced scheme starting April 2021, DPS members up to age 60 will be covered for a sum assured of $70,000, whilst those above age 60 to 65 years old will be covered for a sum assured of $55,000.
Singapore Business Review 09/30/2020 05:54
Uploaded By:. Alyssa Divina. Submitted By:. Staff Reporter. Case Study:. No. All customer funds shall be returned by 14 October. The Monetary Authority of Singapore (MAS) has ordered Wirecard entities to stop their payment services in the country and return all customers’ funds by 14 October. Wirecard Singapore has informed the regulator that it could no longer continue providing payment processing services to a significant number of merchants.
Singapore Business Review 09/29/2020 04:25
Uploaded By:. Nathanielle Punay. Submitted By:. Staff Reporter. Case Study:. No. SMEs can expect a more "seamless’’ cross-border trade. A new joint initiative between OneConnect Financial Technology and the Infocomm Media Development Authority (IMDA) has created a digital platform that will facilitate a better cross-border trade for small and medium enterprises (SMEs), says MND senior minister Sim Ann. OneSME helps ensure companies and products are validated by utilizing trusted sources such as government registries.
Singapore Business Review 09/29/2020 04:16
Uploaded By:. Nathanielle Punay. Submitted By:. Staff Reporter. Case Study:. No. Sunseap Group hopes to provide a game-changer in EV adoption. Sunseap Group has set up its green mobility business called Charge+, with plans to install 10,000 charging points across Singapore, in hopes to be a game-changer in catalysing EV adoption in the country. The clean energy company said in a press release that its investment will support Singapore’s goal of phasing out internal combustion engine vehicles for full clean energy vehicles by 2040.
Singapore Business Review 09/29/2020 04:01
Uploaded By:. Alyssa Divina. Submitted By:. Staff Reporter. Case Study:. No. It will be issued under their US$25b global medium-term note programme. Temasek Financial (I) Limited (TFin-I), a wholly-owned subsidiary by Temasek Holdings, intends to launch a three-tranche offering comprising a 10-year T2030-USD, a 30.5 T2051-USD, and a 50-year T2070-USD Temasek Bond on 29 September. TFin-I will issue the new bonds under their $193.76b (US$25b) guaranteed global medium-term note programme, to be unconditionally and irrevocably guaranteed by Temasek.
Singapore Business Review 09/29/2020 03:59
Uploaded By:. Nathanielle Punay. Submitted By:. Staff Reporter. Case Study:. No. The ongoing pandemic situation has slowed economic activity. The business sentiments of Singapore’s small and medium enterprises (SMEs) for the next six months dropped to a historic low amidst ongoing market uncertainty, according to an SME business index. The SBF-Experian SME Index for Q4 2020 to Q1 2021F registered an overall reading of 46.3, its lowest figure since the index’s establishment in 2009, according to a joint release by the Singapore Business Federation (SBF) and Experian.
Singapore Business Review 09/22/2020 22:47
Uploaded By:. Frances Gagua. Submitted By:. Frances Gagua. Case Study:. No. The fund has acquired a 70% stake in a school property at Chengdu, China. Keppel Capital, through its subsidiary Keppel Capital Alternative Asset, has raised more than half of its target commitments for its approximately $683.3m (US$500m) Keppel Education Asset Fund, the company said in a local bourse filing. The fund intends to partner with established school operators to invest in private education-related real estate in the Asia Pacific region.
Singapore Business Review 09/22/2020 22:43
Uploaded By:. Frances Gagua. Submitted By:. Staff Reporter. Case Study:. No. An appropriate action will be taken based on its own review. The Monetary Authority of Singapore (MAS) is "closely studying" reports that Singapore banks had informed US regulators of dubious transactions, reports Reuters. "MAS is aware that Singapore banks were mentioned in media reports on suspicious transaction reports filed with FinCEN," the central bank said. "Although suspicious transaction reports in and of themselves do not imply that the transactions are illicit, MAS takes such reports very seriously."
Singapore Business Review 09/22/2020 10:31
Uploaded By:. Frances Gagua. Submitted By:. Staff Reporter. Case Study:. No. IBM is also working with Standard Chartered, Tribe Accelerator for job placements. SkillsFuture Singapore (SSG) and computer hardware company IBM have unveiled the "i.am-vitalize", a skills programme on AI and cybersecurity for mid-career professionals, SSG said in a press release. IBM is also working with corporations such as Tribe Accelerator and Standard Chartered Bank to facilitate job placement opportunities to qualified candidates.
Singapore Business Review 09/22/2020 03:04
Uploaded By:. Alyssa Divina. Submitted By:. Staff Reporter. Case Study:. No. Both parties will help SMEs seize opportunities in the digital economy. The Singapore Business Federation (SBF) and Infocomm Media Development Authority (IMDA) have officially renewed a memorandum of intent (MOI) that reaffirms both parties’ commitment to drive digital transformation of Singapore businesses, a statement read. Both parties will also promote the adoption of digital technologies and position them to seize opportunities in the digital economy over the next three years.
Singapore Business Review 09/22/2020 02:17
Uploaded By:. Alyssa Divina. Submitted By:. Staff Reporter. Case Study:. No. Clients can customise budgets and be notified if expenses get close to limit. Standard Chartered Singapore has launched a new personal financial management tool on its mobile and online banking platforms, a statement read. With the new SC Money Manager, clients will be allowed to oversee, track and manage their finances at their fingertips.

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