Financial Services
Appeal Court rules out breach of trust claims against crypto platform Quoine
Appeal Court rules out breach of trust claims against crypto platform Quoine
It reversed erroneous trades that it made in a trading software in 2017.
7 in 10 asset managers cancel plans amidst COVID-19 outbreak
Nearly two-thirds have also suspended travel to other parts of the world.
China Taiping Singapore floats new financial aid against COVID-19
A recovery bonus of $1,000 will be given.
Daily Briefing: UOB hiked pay by 8% per employee; Dream Cruises halts Genting Dream operations
And HDB is set to offer two-room BTO flats in May and August.
Grab raises $1.19b from MUFG, Japanese IT firm TIS
The money will fund the app’s expansion into financial services.
MAS warns of fake calls impersonating staff
It stressed that it would never ask the public for personal or bank information.
SGX launches methanol futures and swap contracts
S&P Global Platts daily price checks will be used as their benchmark.
Daily Briefing: Lawyer involved in AlliedTech's missing $33m gets 12 more charges; The M sold 70% of units over weekend launch
And brand-conscious investment bankers are aiming for big banks’ back-office roles.
DBS converts $758m bank guarantee facility into green facility
Wind turbine maker Siemens Gamesa will issue green guarantees under the facility.
Singapore's fintech investments hit $1.21b in 2019
It is now the fifth biggest fintech market in APAC.
HSBC Singapore to give cash management advice to COVID-hit firms
They will also assist clients who need to expedite their manual payment handling.
Gigacover extends COVID-19 coverage to freelancers, GoJek drivers
Income protection policies will cover stay home notices and leaves of absence.
DBS Group prices $1.4b issue at 3.3%
The deal is said to bear the lowest coupon for any AT1 USD deal in the world.
CIMB Singapore launches virtual account for businesses
It digitises companies’ cash flow.
UOB's net profits up 8% to $4.32b in FY2019
A final dividend of $0.55 and a special dividend of $0.20 was as recommended.
DBS to give abridged Q1, Q3 financial disclosures
These updates will supplement the half-year and full-year reports.
UOB to launch digital bank in Indonesia
TMRW is on track to be marginal profit positive in five years.
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