Financial Services
Prudential Singapore commits $1.5m COVID relief package
Affected SME clients can defer their premium payments for up to three months.
Standard Chartered names new digital channels and client data analytics head
Kahina van Dyke will join the bank’s CCIB division in Singapore.
Great Eastern's profit climbed 36% to $1b in FY2019
Profit from its shareholders’ fund surged 266% to $277m from higher valuation.
DBS, Chubb Insurance partner for COVID-19 cash policy
It will provide daily cash benefits and lump sum payout for ICU confinement.
High-yield non-financial Asian firms' default rate to rise 2.4% in 2020
China has been seeing an increased tolerance of defaults.
Standard Chartered opens international banking and priority private centre in Singapore
It caters to clients with a minimum AUM of $1.5m.
NTUC Income widens COVID-19 coverage to low-income households
The IFMIS provides a cash payout of $200 per day of hospitalisation.
Manulife Singapore commits $1m for enhanced COVID-19 coverage
A customer diagnosed with the virus will receive a one-time cash benefit of $1,500.
Great Eastern to supplement customers' insurance amidst COVID-19
Those that are hospitalised will receive a cash benefit of $200 per day up to 60 days.
Banks to record anaemic loan growth of 1.5% in 2020
The COVID-19 and the expected monetary easing will weigh on banks.
OCBC offers support measures to customers
It will provide a moratorium on principal repayment for loans.
Bank of Singapore hires Celine Le Cotonnec as chief data officer
She will spearhead the bank’s data strategy and innovation efforts.
China Life Singapore to allot up to $88,600 for nCov support
A policyholder will receive a lump sum payment of $800 (US$577) if diagnosed.
Standard Chartered co-launches digital payments firm
The new firm will manage transactions across multiple payments types.
DBS Group's profits up 14% to $6.39b in 2019
A 17% growth in fee income boosted total income in Q4.
Insurance firms tap into big data for new products
Total assets of the 50 largest insurers went down 6.47% to $217b in 2019.
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