Foreign banks scaling back due to tighter FT control
Commercial buildings stand in the central business district of Singapore (Photo: Brent Lewin/Bloomberg) (22 May) Barclays Plc (BARC) and Credit Suisse Group AG (CSGN) are among banks that have given up Singapore office space as lenders pare ambitions for growth in the Asian financial hub. Global banks vacated about 500,000...
More people commute to work in SG from JB
A view of the causeway bordering Malaysia's southern state of Johor Bahru, background, and Singapore, foreground (Photo: Roslan Rahman/AFP/Getty Images) (4 Jun) Darren Chin gave up a 15-minute train journey to his office in Singapore for a two-hour drive with a stop at passport control. The reason: By commuting from...
Singapore joins China with dangerous debt level
Pedestrians emerge from the basement levels of Ion Orchard mall, jointly owned by CapitaLand Ltd. and Sun Hung Kai Properties Ltd., on Orchard Road in Singapore on Friday, April 11, 2014. (Photo: Charles Pertwee/Bloomberg) (4 Jun) - Singapore companies’ indebtedness has swelled to the most in Asia after China and India as...
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