bloomberg.com Archives - 25 February 2017, Saturday

  • Singapore Said to Consider Giving Traders Their Lunch Break Back

    bloomberg.com 24 Feb '17, 10am

    Singapore stock traders may finally get their lunch break back. Singapore Exchange Ltd. , which runs the city’s equity market, is considering reinstating the midday intermission, according to people familiar with the matter. SGX in 2011 scrapped the break, which lasted from 12:30 p.m....

  • Singapore to Consider Giving Traders Their Lunch Break Back

    bloomberg.com 24 Feb '17, 9am

    Singapore stock traders may finally get their lunch break back. Singapore Exchange Ltd. , which runs the city’s equity market, is considering reinstating the midday intermission, according to people familiar with the matter. SGX in 2011 scrapped the break, which lasted from 12:30 p.m....

  • Even China Can't Kill Bitcoin - Bloomberg View

    bloomberg.com 24 Feb '17, 4am

    Every time a government sets out to abolish something people like, the well-liked thing moves to where it can’t be stopped. This has happened with prohibition, gambling, the war on drugs and digital piracy. Now it's happening in China, where the government has been trying to crack dow...

  • Even China Can't Kill Bitcoin - Bloomberg View

    bloomberg.com 24 Feb '17, 2am

    Every time a government sets out to abolish something people like, the well-liked thing moves to where it can’t be stopped. This has happened with prohibition, gambling, the war on drugs and digital piracy. Now it's happening in China, where the government has been trying to crack dow...

  • Bitcoin Price Sets Record on Trump Policy Uncertainties

    bloomberg.com 24 Feb '17, 1am

    Bitcoin rose to an all-time high as investors looked to hedge against potential global uncertainty related to policies of President Donald Trump and speculated that his administration will relax regulations governing the digital currency. The cryptocurrency rose 3.1 percent to $1,164....

  • Bitcoin Price Sets Record on Trump Policy Uncertainties

    bloomberg.com 24 Feb '17, 1am

    Bitcoin rose to an all-time high as investors looked to hedge against potential global uncertainty related to policies of President Donald Trump and speculated that his administration will relax regulations governing the digital currency. The cryptocurrency rose 3.1 percent to $1,164....

  • Is the Worst Over for Singapore Property Builders?

    bloomberg.com 23 Feb '17, 11pm

    City Developments Executive Chairman Kwek Leng Beng discusses Singapore property market, the luxury market and his outlook for global real estate. He speaks with Haslinda Amin on "Bloomberg Markets: Middle East." (Source: Bloomberg)

  • Your Evening Briefing

    bloomberg.com 23 Feb '17, 9am

    Samsung's heir apparent, Jay Y. Lee, is locked up in prison with a cannibalistic serial killer for a neighbor and no access to a smartphone or computer. But that doesn’t mean he’s given up being the boss. The businessman may technically be confined to his cell for most of the day, but...

  • Your Evening Briefing

    bloomberg.com 23 Feb '17, 9am

    Samsung's heir apparent, Jay Y. Lee, is locked up in prison with a cannibalistic serial killer for a neighbor and no access to a smartphone or computer. But that doesn’t mean he’s given up being the boss. The businessman may technically be confined to his cell for most of the day, but...

  • Worst Not Over for Singapore Property, Billionaire Kwek Says

    bloomberg.com 23 Feb '17, 6am

    The worst isn’t over for Singapore’s property market, after government curbs helped push home prices lower for a third year in 2016, said Kwek Leng Beng, the billionaire chairman of City Developments Ltd. “I do not believe the worst is over although I think the worst has slowed down,”...

  • Worst Not Over for Singapore Property, Billionaire Kwek Says

    bloomberg.com 23 Feb '17, 5am

    The worst isn’t over for Singapore’s property market, after government curbs helped push home prices lower for a third year in 2016, said Kwek Leng Beng, the billionaire chairman of City Developments Ltd. “I do not believe the worst is over although I think the worst has slowed down,”...

  • Worst Not Over for Singapore Property, Billionaire Kwek Says

    bloomberg.com 23 Feb '17, 5am

    The worst isn’t over for Singapore’s property market, after government curbs helped push home prices lower for a third year in 2016, said Kwek Leng Beng, the billionaire chairman of City Developments Ltd. “I do not believe the worst is over although I think the worst has slowed down,”...

  • Singapore Readies New Exotic ETFs to Catch Taiwan, Hong Kong

    bloomberg.com 23 Feb '17, 2am

    Singapore, along with Hong Kong, is seeking to capture a bigger share of an expanding pie through types of funds that have seen success in Japan, Taiwan and Korea. Leveraged ETFs in Taiwan, which started in 2014, now have more than $4.8 billion in assets, according to data compiled by...

  • Singapore Readies New Exotic ETFs to Catch Taiwan, Hong Kong

    bloomberg.com 22 Feb '17, 11pm

    Singapore, along with Hong Kong, is seeking to capture a bigger share of an expanding pie through types of funds that have seen success in Japan, Taiwan and Korea. Leveraged ETFs in Taiwan, which started in 2014, now have more than $4.8 billion in assets, according to data compiled by...

  • Ex-Forex Traders in Singapore Get Jail Time for Cheating Banks

    bloomberg.com 22 Feb '17, 3am

    Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were sentenced to jail terms of as long as 15 weeks for cheating the banks by making false trades. Former HSBC senior dealer Ivan Chng was sentenced to 15 weeks in jail, Singapore High Court Justice See Kee Oon sa...

  • Ex-Forex Traders in Singapore Get Jail Time for Cheating Banks

    bloomberg.com 22 Feb '17, 2am

    Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were sentenced to jail terms of as long as 15 weeks for cheating the banks by making false trades. Former HSBC senior dealer Ivan Chng was sentenced to 15 weeks in jail, Singapore High Court Justice See Kee Oon sa...

  • You Can Bet On Whether the SEC Approves the First Bitcoin ETF

    bloomberg.com 21 Feb '17, 5pm

    It’s a bit metaphysical -- even for a virtual currency. Speculators can bet on whether the Winklevoss Bitcoin Trust (COIN), developed by the venture capitalist twins who were involved in a long-running legal battle over the ownership of Facebook, will be approved as the first exchange...

  • You Can Bet On Whether the SEC Approves the First Bitcoin ETF

    bloomberg.com 21 Feb '17, 2pm

    It’s a bit metaphysical -- even for a virtual currency. Speculators can bet on whether the Winklevoss Bitcoin Trust (COIN), developed by the venture capitalist twins who were involved in a long-running legal battle over the ownership of Facebook, will be approved as the first exchange...

  • Singapore's Home Curbs May Stay for Some Time, Minister Says

    bloomberg.com 21 Feb '17, 9am

    Singapore’s residential property curbs are expected to stay for some time as the city-state’s economy remains stable and demand is still "very resilient," National Development Minister Lawrence Wong said. Singapore home prices fell 3 percent in 2016, with prices declining for the 13th...

  • Singapore's 2017 Budget in Five Charts Shows Growth Challenge

    bloomberg.com 21 Feb '17, 8am

    Singapore’s Finance Minister Heng Swee Keat outlined plans in his budget on Monday to sustain growth above 2 percent in the face of global trade risks and an aging workforce. Here’s a snapshot of the budget in five charts: Revenue Outlook The government announced a mix of tax measures...

  • Singapore Plans Southeast Asia's First Carbon Tax From 2019

    bloomberg.com 21 Feb '17, 6am

    Singapore plans to implement Southeast Asia’s first carbon tax starting in 2019, a move that would raise energy costs in the island nation and require more than 30 big polluters such as power plants to pay the levy. The proposal would charge between S$10 ($7) and S$20 a ton on emissio...

  • Singapore Plans Southeast Asia's First Carbon Tax by 2019

    bloomberg.com 21 Feb '17, 5am

    Singapore plans to implement Southeast Asia’s first carbon tax by 2019, a move that would raise energy costs in the island nation and require more than 30 big polluters such as power plants to pay the levy. The proposal would charge between S$10 ($7) and S$20 a ton on emissions of car...

  • Singapore Studying Tax Measures as Budget Pressures Increase

    bloomberg.com 21 Feb '17, 2am

    Singapore’s government is studying measures to boost revenue, including higher taxes, to help ease pressure on the budget as spending increases. “Medium-term expenditures will continue to rise significantly, be it for infrastructure or for health care reasons,” Lawrence Wong, second m...

  • Singapore's Home Curbs May Stay for Some Time, Minister Says

    bloomberg.com 21 Feb '17, 1am

    Singapore’s residential property curbs are expected to stay for some time as the city-state’s economy remains stable and demand is still "very resilient," National Development Minister Lawrence Wong said. Singapore home prices fell 3 percent in 2016, with prices declining for the 13th...

  • Singapore's Home Curbs May Stay for Some Time, Minister Says

    bloomberg.com 21 Feb '17, 1am

    Singapore’s residential property curbs are expected to stay for some time as the city-state’s economy remains stable and demand is still "very resilient," National Development Minister Lawrence Wong said. Singapore home prices fell 3 percent in 2016, with prices declining for the 13th...

  • Singapore's 2017 Budget in Five Charts Shows Growth Challenge

    bloomberg.com 21 Feb '17, 12am

    Singapore’s Finance Minister Heng Swee Keat outlined plans in his budget on Monday to sustain growth above 2 percent in the face of global trade risks and an aging workforce. Here’s a snapshot of the budget in five charts: Revenue Outlook The government announced a mix of tax measures...

  • Singapore's 2017 Budget in Five Charts Shows Growth Challenge

    bloomberg.com 20 Feb '17, 11pm

    Singapore’s Finance Minister Heng Swee Keat outlined plans in his budget on Monday to sustain growth above 2 percent in the face of global trade risks and an aging workforce. Here’s a snapshot of the budget in five charts: Revenue Outlook The government announced a mix of tax measures...

  • Singapore's 2017 Budget: Economist Takeaways

    bloomberg.com 20 Feb '17, 2pm

    Singapore’s Finance Minister Heng Swee Keat outlined plans in his budget speech on Monday to sustain economic growth in coming years. The government will enhance the rebate on corporate income tax and introduce a personal income tax rebate, help businesses in oil-services industries a...

  • Singapore Takes Targeted Steps in Budget to Help Spur Growth

    bloomberg.com 20 Feb '17, 10am

    Singapore’s Finance Minister Heng Swee Keat outlined a set of targeted measures in his budget speech to help the struggling oil industry and spur construction. The government will bring forward S$700 million ($494 million) worth of infrastructure spending and defer levies on foreign w...

  • Singapore Budget 2017: Winners and Losers

    bloomberg.com 20 Feb '17, 8am

    In a bid to boost growth and productivity amid global economic and geopolitical uncertainties, Singapore Finance Minister Heng Swee Keat announced measures to support infrastructure projects and industries like marine and processes. The 2017 budget comes less than two weeks after a go...