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Daily Dispatches – StanChart CEO on ‘locals-only’ hiring in Singapore

Where the rich bankers work

Where the rich bankers work

Standard Chartered’s CEO says the bank’s growth in Singapore would have been negatively affected if it had taken a ‘locals-only’ approach in hiring, while also acknowledging that the perception that there needs to be a stronger Singaporean core in the financial sector here is “a real issue”.

Another Chinese defector

Chinese biotech firm 3SBio has completed its take-private deal, in a move that analysts say paves the way for a listing in Hong Kong. The firm was listed on the Nasdaq exchange.

Card rejected

China has blocked MasterCard from processing credit card transactions in renminbi, raising concerns about Beijing’s willingness to fully open up the sector after the World Trade Organisation found that it unfairly restricted foreign card companies.

Back to base

China’s powerful stockpiling agency has purchased base metals on the international market for the first time since prices crashed during the global financial crisis, as Beijing takes advantage of the recent price slide .

Aussie rate cut

Australia’s reserve bank may be poised for another rate cut tomorrow following today’s economics news that foretells  a soft outlook for the national economy.

Bank talks

Indonesia says it is waiting for a response from the Monetary Authority of Singapore related to the DBS acquisition of Bank Danamon.

Comments (1)

  1. The SCB CEO speaks lies – go and see and tell me Have they been hiring locals
    The whole place is in pitched black – so do not lie

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