Financial Services

Singapore bank loans grow 3% in December

Singapore bank loans grow 3% in December

Business lending grew to 4.1% even as loans to consumers softened.

Government urged to hike CPF contribution rate for workers above 55 to 37%

It will ensure that older workers are paid the same as their younger colleagues.

Grab clinches $269.16m investment from Thai retail tycoon Central Group

They will partner to enhance Grab's retail and logistics services in Thailand.

OUE Hospitality Trust NPI up 0.08% to $112.8m in 2018

The firm saw stable RevPAR from Crowne Plaza Changi Airport and Mandarin Orchard Singapore.

UOB and Grab kickstart digital partnership

Consumers can now apply for the UOB One Card from the Grab app.

APAC's asset and wealth managers to hit US$29.6t in AUM by 2025

Shanghai is set to rise as an AWM hub along with Singapore and Hong Kong.

Banks grapple with tepid margins in 2019

Net interest margins are set to rise by 3-5bp.

Singapore banks amp up technical hiring to plug digital vacancies

Banks are focusing their digitalisation efforts in the Lion City.

Hong Kong accounting firms are digitising faster than their Singapore counterparts

Only 34.5% of firms use automation apps compared to 81% in Hong Kong.

Here are 10 investment ideas for 2019

Analysts eye investments in equities and properties in China, Europe, and the US.

MAS warns against websites soliciting cryptocurrency investments

They ask for personal and financial details to buy the cryptocurrency.

Singapore's new payments rules aim to put consumers first

The recently announced Payment Services Act by the Singapore government seeks to address the balance between supporting the shift to a cashless...

Nearly a quarter of SMEs still prefer cash and cheques: survey

Firms worry that the shift to cashless payments will be fraught with cyberthreats.

Singapore bank loans grind to a halt at 0.5% in 2019

Total loans and advances fell to 2.8% in November 2018 from October's 3.4%.

DBS unveils loadable QR Ang Bao for Chinese New Year

They will be available from 25 January and can be used until 15 March.

Alipay launched payment solutions to cater to Sentosa's Chinese tourists

The new cashless initiative is a joint collaboration between Alipay, Sentosa and the Singapore Tourism Board.