Financial Services

Friend or foe: Can ledger technology disrupt Singapore's financial services?

Its ability to simplify transactions may remove the need for brokers.

GST hike must be staggered 1% at a time: Deloitte

This will lessen the impact to the lower-income group, according to Deloitte Singapore’s Budget 2018.

Is it high time for Singapore to review its digital commerce income tax?

EY says in its Singapore Budget 2018 wishlist that this will protect its tax revenue base neutrality.

Singapore's promising accountants aged 40 and under

One of them started his own accounting firm at 26 years old.

Chart of the Day: OCBC has the leanest cost structure amongst banks in 2017

Its cost-to-income ratio of 42.3% is lower than those of its peers.

Singapore's largest accounting firms in 2017

2017 saw the need for flexibility and innovation in the accounting profession.

OCBC private banking arm to hire 20 relationship managers in Dubai

It's looking to manage the finances of the wealthy in India and the Middle East.

MAS issues warning against cryptocurrencies

The authority said it can't protect investors that lost money from cryptocurrencies.

EZi Wallet embarks on crusade to be Singapore's cashless choice

It digitises rewards cards, loyalty points programmes, and promo vouchers via a QR code-based system.

Find out which Singapore bank leads in productivity

It has the highest income per employee at $538,805.

MAS enforces new credit cap

Financial institutions can refuse individuals with debts amounting to six times their monthly income.

Three in four Singaporeans unaware of hidden costs in money transfers

Banks charge $30-40 for both upfront fees and exchange rate markup for an overseas transfer of $1,000.

Accelerators to look out for in Singapore

Find out which accelerator offers $120,000 in cash for promising start ups.

Chart of the Day: Firms in the financial sector raised US$17.3b from bonds

It took up 57.9% of the total bond proceeds issued by Singapore borrowers.