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SINGAPORE BOOK OF RECORDS WORLD RECORD


BUSINESS WORLD First Islamic Bank


Islamic Bank of Asia (IB Asia) was launched in May 2007 with DBS Bank holding 60 percent and the rest by 22 investors from prominent families and industrial groups from the Gulf countries. Islamic fi nance bans the charging of interest and investing in fi rms linked to tobacco, alcohol and gambling.


First Public-Listed Islamic REIT


In Aug 2008, Cambridge Industrial Trust was transformed into an Shariah-compliant real estate investment trust. CIT was constituted in 2006 and was the fi rst independent industrial REIT to be listed on SGX. After the conversion, the usage of the properties by CIT’s new ten- ants must be fully Shariah-compliant.


Clearing System First Nationwide Cheque


The Cheque Truncation System (CTS), launched on 12 Jul 2003, allows cheque images and data to be electronically captured and transmitted among all banks and the clearing house. Singapore’s CTS is the world’s fi rst such image-based, nationwide end-to-end system.


First Mobile Bank


In 1958, OCBC was the fi rst in Singapore to provide mobile banking services, with a con- verted banking van to bring banking services to sub-urban and outlying areas.


Exhibitions Asia’s Top Convention City


Only Insurance Cooperative In Singapore


NTUC Income is the only insurance cooperative in Singapore. It was started on 21 Mar 1970 with S$1.2 million from the union workers’ funds. In 1995, it was the fi rst local insurance company to launch a website.


First Stockbroking Company


Fraser & Co was founded in 1873 by a Scot, John Fraser, whose businesses in Singapore and Malaya included sharebroking, printing and publishing, carbonated-drinks production and sawmill. Before the establishment of a stock exchange, trading in the shares of plantation and mining companies was domi- nated Fraser & Co at Collyer Quay. In 2007, the Company was restructured and renamed AmFraser Securities Pte Ltd.


First Stock Exchange


Instituted in 1930, the private Singapore Stockbrokers’ Association was the fi rst sanctioned securities trading organisation in Singapore and Malaysia. It was re-registered as the Malayan Stockbrokers’ Association in 1937. However, public trading of shares only commenced in 1960 with the establishment of the Malayan Stock Exchange, later renamed Stock Exchange of Malaysia and Singapore.


First


First SMS-Based Mobile Banking Service


Citibank and M1 introduced Asia’s fi rst SMS- based mobile banking service in 1999.


Largest Insurance Company


Great Eastern is the largest insurance group in Singapore and Malaysia with S$46 billion in assets and 3 million policy holders.


Demutualised And Listed Exchange In Asia-Pacifi c


Singapore Exchange Ltd (SGX) is Asia- Pacifi c’s fi rst demutu- alised and integrated securities and deriva- tives exchange. It was formed in 1999, following the merger of the Stock Exchange of Singapore (SES) and the Singapore International Monetary Ex- change (SIMEX). On 23 Nov 2000, SGX became the fi rst exchange in Asia-Pacifi c to be listed via a public off er and a private placement.


Largest IPO


Singapore Telecommunications went public in Oct 1993, raising S$4.2 billion. It remains Singapore’s largest Initial Public Off ering. The SingTel Group is Asia’s leading communications group, providing a diverse range of communi- cation services and solutions, including fi xed, mobile, data, Internet, info-communications technology, satellite and pay TV.


Largest Listed Company


Singapore Telecommunications is the largest listed company on the Singapore Exchange by market capitalisation. It is also listed on the Australian Securities Exchange as a result of its acquisition of Optus, the second largest communications provider in Australia, in September 2001.


First On-Line Stock Trading


In 1996, Phillip Securities became the fi rst in Singapore to introduce electronic stock trading through POEMS (Phillip On-line Electronic Mart System). With POEMS, clients can access fi nancial information and trade electronically through the internet any time of the day and from anywhere in the world for shares, unit trusts, futures, forex, spot gold and silver.


First Company Listed On OTC Capital


GlobalRoam Group, which provides integrated communications services, was the fi rst company to be quoted on the OTC trading platform in Aug 2006. The company was seeking to raise S$2 million from investors to fund its expansion strategies.


Largest Issuer Of Warrants


Macquarie Securities is the largest issuer in Singapore by both value and volume of warrants traded. Macquarie was responsible for 32 percent of the warrants traded on the Singapore Exchange for the year ending 31 Dec 2007.


Longest Closure Of The Stock Market


The Singapore stock market was closed for an unprecedented three days in 1985, when Pan Electric Industries went into receivership.


Singapore is ranked among the world’s top three cities for meetings, based on the Union of International Associations’ (UIA) International Meetings Statistics 2006. Paris is ranked fi rst and Vienna second. Singapore has maintained its standing as Asia’s Top City for Meetings, a position it has held for the past 23 years. 2006 saw Singapore hosting 298 meet- ings that met UIA’s qualifying criteria.


First Trade Exhibition


Singapore’s fi rst trade show was the Engineer- ing and Trade Exhibition held at Gay World in 1939.


Largest Convention Hosted


The largest convention in Singapore, S2006, was held at Suntec City from 13-20 Sep 2006. About 23,000 delegates from 184 countries attended the International Monetary Fund and World Bank Group meetings. They included 400 fi nance ministers and central bank governors, several heads of state and government leaders, and more than 30 heads of international fi nancial institutions.


Largest Corporate Meeting


Herbalife Asia Pacifi c Extravaganza 2007, held from 18-22 Jul, was the largest corporate meeting that Singapore has ever hosted with close to 16,000 Herbalife delegates from 14 countries in the Asia-Pacifi c congregated here for a series of workshops and meetings.


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