Financial Services
AXA Singapore names new Managing Director for Retail and Health
AXA Singapore names new Managing Director for Retail and Health
Julien Callard has undertaken various roles in AXA Group since 2000.
Tokio Marine, Horangi partner for cybersecurity services
A cybersecurity insurance policy will be granted, with possible rebates.
Big three banks' wealth income expanded 18% in FY2019
Wealth made up 31% of OCBC and UOB’s total income.
Singapore banks amongst most vulnerable in SEA to COVID-19 impact
Their exposure to Chinese banks poses a threat.
Government eyes nationwide launch for price comparison app
Price Kaki uses crowdsourced data to compare in-store retail prices and promotions.
OCBC enables instant car loan approvals
It only takes 60 seconds to approve a loan.
Maybank, ING top creditors of embattled trader Agritrade
The Singapore-based commodity trader owes $303.11m (US$218m) to the two banks.
BEYOND partners with OneConnect to create digital banking services
OneConnect is an associate of Ping An Insurance, which has a virtual bank license in Hong Kong.
Investors steer clear of weak corporate bonds as default risks rise
Companies in struggling sectors will likely face refinancing risks in 2020 as investors go for higher-grade corporate bonds.
DBS closes first trade finance deal on TFP worth $4.8m
SMEs can access trade finance solutions from different banks in a single platform.
Daily Briefing: Singapore urges Temasek, GIC to disclose more information; Grab launches accelerator programme in Vietnam
And Circles.Life cuts roles associated with non-priority projects.
Singapore banks' face slower loan growth in H1 2020
The big three banks’ are expecting lower loan growth for FY20F on the back of the outbreak.
Hong Leong Finance's profits slipped 13% to $103m in 2019
Earnings per share fell to $23.09 cents.
DBS launches portfolio advisory tool to manage investments
It generates an assessment of a client’s portfolio in less than five minutes.
UOB Kay Hian's profit slid 7.5% to $69.19m in 2019
Lower trading volumes weighed on growth.
CIMB Singapore announces new measures for coronavirus-hit enterprises
Tourism-related firms are eligible for a $1m loan with a 5% interest rate.
Big 3's Greater China income skyrocketed 175% over 9 years
The big three’s combined annual income for this sector amounted to $6.42b last year.
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