Financial Services

MAS slams financial advisors' mass firm-hopping

It launched a public consultation for four measures that could address this.

ACRA cuts firms' tax filing length to 6 steps

The new process will potentially benefit 150,000 companies.

soCash puts the heat on ATM machines as Singapore digitises

The fintech start-up aims to turn ordinary stores into cashpoints.

Analysts are bullish on growth amidst Fed interest hikes

They are now expecting four Fed hikes in 2018 after recent policy comments made by the central bank.

CIMB launches cross-border banking between Malaysia and Singapore

Malaysian customers will be able to open Singapore bank accounts.

PayNow to extend into businesses by H2 2018

Companies will be allowed to link their bank accounts to their Unique Entry Numbers and transfer funds to other firms.

Bank loans up 5.4% to $650.62b in January

Business loans led the growth with a 5.6% increase.

Singapore loans grew 8% in 2017 but still lagged behind Hong Kong

A robust economy and optimism in the property market are slowly narrowing the gap.

Payment options for e-commerce businesses in Singapore

Singapore’s e-commerce market is slowly positioning itself as a key player in the country’s retail industry. E-commerce is expected to make up 6.7 per...

UOB discretionary portfolio assets tripled in 2017

It identified client segments that preferred DPM solutions for their investments.

Standard Chartered's Singapore-based operations to merge with local unit

This will triple its assets and add its large banking businesses.

Google unveils e-payment app in Singapore

It merged the app with existing features in Android Pay.

MAS likely to tighten monetary policy: analysts

They were encouraged by Finance Minister Heng Swee Keat’s statement that the budget position for 2018 will remain expansionary.

MAS to limit OTC derivatives trading to bourses

The rules will cover popular derivatives like interest rate swaps.