Financial Services
Carousell launches e-payment system CarouPay
Carousell launches e-payment system CarouPay
It is the first financial service launched in collaboration with DBS.
7-Eleven partners with soCash for cardless withdrawals
With 7-Eleven on board, soCash's service is now available at more than 1,000 locations in Singapore.
OCBC eyes doubling profit to $1b from China's Greater Bay Area
It will invest $200m in the area within the next five years.
Chart of the Day: Singapore overseas deals up 24.5% to US$12.4b YTD
Germany emerged as the most targeted nation for overseas deals.
Daily Briefing: OCBC to set up Chinese wealth management arm; Sheng Shiong to revamp old stores
And Don Quijote is planning to beef up its Singapore presence.
OCBC and UOB tap NETS for mobile and online payments
Purchases will directly be debited to the user's bank account through NETSPay.
GIC and Sequoia China invest $54.04m in Korean app maker
The deal is GIC’s first investment for a Korean startup as well as Sequoia China’s first venture in a Korean company.
Daily Briefing: Singapore asset managers drop some Malaysian bonds over 1MDB scandal; NSE tries to lure investors after SGX fallout
And Google’s new hire highlights its hiring raid on Singapore banks.
SGD bond markets down 41.9% to $7.5b YTD
LTA’s $1.2b bond offering is 2018’s largest so far.
Bond offerings rose 0.7% to US$14.4b YTD
Proceeds declined by 18.6% to US$6.5b as the end of Q2 approaches.
Daily Briefing: Singapore trails behind Hong Kong in offshore wealth management; Sea prices $500m convertible note
And following Amber45's strong sales, UOL is launching another condo that could go for $1,400 psf.
Singapore IPOs lag Asian peers as homegrown companies rush to list abroad
Cross-border listings ballooned 300% in volume compared to domestic flotations which surged 64%.
DBS rolls out virtual bank recruiter
‘Jim’ can save up to 40 hours monthly otherwise spent on manual processing.
Insurer FWD ties up with DBS for electronic claims payment via PayNow
Customers can receive payments just by providing their PayNow registered mobile number.
Bank stocks dipped from all-time high amidst May-June lull
Singapore bank stocks have declined to 7% YTD ever since they gained 9% during their all-time high this year.
Asia beats Europe and America in private banking gains in 2017
Assets under management grew 15.2% which is almost double Europe’s 7.5%.
Singapore and Hong Kong are leading Asia's asset management charge
Their combined assets under management (AUM) hit US$91.5b in 2017.
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