Financial Services
MAS pilots upgraded RMB funding facility
It will discontinue the current RMB liquidity facility on 23 November.
Aviva Singlife obtains investor demand with $3.5b Tier 2 notes
This follows the pricing of Tier 2 notes at 3.375%.
Daily Briefing: Singapore rolls out COVID-19 insurance for inbound travellers; SG, France join forces to develop tourism startups
And MAS unveils Year of the Ox coins.
Mastercard names Sokin as Singapore principal member
Sokin is floating a subscription-based payment service in Q1 2021.
Singapore's life insurance segment to hit $43.5b in 2024
The industry crashed 13% in weighted new business premiums in H1 2020.
Daily Markets Briefing: STI up 0.36%
CapitaLand led the gains amongst top active stocks with a 2.39% expansion.
Singapore pilots insurance coverage for foreign inbound travellers
The products grant at least $30,000 in coverage for medical treatment.
SingSaver names Henry Sewell as Singapore country manager
He will oversee the growth of SingSaver's financial wellness services.
Singapore, Philippine central banks partner for data connectivity
They hope to boost cross-border data transfer and risk management.
MAS to pilot green loan scheme for corporates
It will push banks to develop accessible green lending frameworks for SMEs.
Chart of the Day: Singapore has high encumbrance limits vs. other APAC markets
A high limit would cut refinancing risks if banks would ease issuance.
Rough road ahead for big three banks after improved Q3
OCBC, DBS, and UOB’s earnings rose in Q3—but 2021 presents a tough test as fiscal, monetary relief gets withdrawn.
DBS boosts branch network with new self-service options
Customers will be able to replace ATM or debit cards outside traditional banking hours.
Western Union floats e-voucher promotion for digital customers
Eligible customers can win Grab e-vouchers.
Piyush Gupta named ‘most visible' CEO in local media
Wilmar's Kuok Khoon Hong was deemed 'most favourable' CEO.
FIs called to review security controls against tech-related risks
They are asked to improve oversight of third-party vendors and review risk profiles.