Financial Services
Eight in 10 Singaporeans are supporting their parents financially: HSBC
Eight in 10 Singaporeans are supporting their parents financially: HSBC
This is higher than the global average of six in 10 workers.
SMEs consider switch to digital banks: Visa survey
Unsatisfactory terms on traditional banking corporate products is one reason many businesses are weighing up their options.
ICBC Singapore, UnionPay pilot dual currency SGD/RMB debit card
The new product allows for dual currency payments without conversion fees.
Razer Fintech, FWD Singapore launch Visa prepaid card solution
FWD is offering $100,000 complimentary coverage to the first 1,337 to qualify for a Razer Premium Card.
Steering committee unveils timeline to cease SOR-linked issuance
All lenders, borrowers are to cease issuance of SOR-linked products by end April 2021.
P2P lender SeedIn rebrands as BRDGE
This follows BRDGE’s recent memorandum of understanding signing with V3 Fintech.
UOB value chain financing doubles in H1
Sub-contractors, suppliers seek extra financing to ease cash flow pressures.
Goldman Sachs' $165.6m payment not a fine: authorities
It was made in response to a conditional warning by the CAD.
ST Engg, Montran Corp inks MOU for digtialisation of APAC payments' systems
They will also establish a centre of excellence in Singapore.
MOF grants $810m in WSP to 470,000 lower-income Singaporean workers
Remaining $1,500 in WSP to be given out in October; additional 70,000 workers will receive $3,000.
MAS bans ex-BSI Bank rep over $6.79m ‘secret profits' from 1MDB
Swampillai also made deliberate misrepresentations to 1MDB’s auditors.
Goldman Sachs to pay US$122 over 1MDB scandal
They will also pay US$2.3 billion to the US government.
Most Singaporeans to immediately divest equities in market downturn
But they may have lost up to 18% of gains by jumping the gun.
DBS pilots online tracker for cross-border corporate collections
Clients in Singapore and Hong Kong will be the first to try the service.
Sabana REIT not negligent in duties: trustee
HSBC Institutional Trust Services rejects claim in a statement.
OCBC extends first SORA-based loan to energy sector
The $100m loan was made to a Sembcorp subsidiary.
IBF hailed as Jobs Development Partner for finance sector
IBF, MAS will conduct surveys on potential hiring, losses within the sector.
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