Financial Services
DBS completes first digital trade financing settlement on Networked Trade Platform
DBS completes first digital trade financing settlement on Networked Trade Platform
The trade relates to a $3.5m letter of credit transaction between Audi Singapore and Premium Automobiles. DBS Bank has successfully completed the...
MAS' monetary policy stance to remain unchanged despite nCov impact
S$NEER is still said to be in line with weaknesses in Singapore’s economy.
UnionBank inks student program with Singapore Management University
SMU students will help participate in banking and fintech projects of UnionBank.
Grab buys robo-advisory startup Bento
It will be rebranded as GrabInvest to offer cash management solutions.
Coronavirus outbreak to drag on Singapore banks' loan growth and earnings
Asset quality could weaken if the outbreak would continue to persist in the coming months.
Tokio Marine Life Insurance floats coronavirus financial aid
Policyholders with in-force individual life policies can obtain a lump sum of $5,000.
Singapore wealth firm GIC buys 30% stake in Myanmar's Yoma Bank
GIC injected $88.7m in a latest funding round along with Norwegian private equity firm Norfund.
ASEAN supply chain shifts a win for Singapore banks
They will be attracted to the banks’ strong balance sheets and access to USD funding.
MoneyExpress, Aleta Planet JV to allow remittance to China in one minute
Recipients may use their UnionPay cards to withdraw money in China.
Asia's first bitcoin asset fund Stack floats in Singapore
The index fund plans to capture $1.01b (US$750m) assets under management within 2020.
Three tips for Singapore businesses to manage international cash flow amidst economic uncertainty
The global economy has slowed significantly over the last 12 months. According to the International Monetary Fund, global growth likely fell from 3.6%...
MAS implements Payment Services Act
Acts on money changing and payment systems have been repealed.
Grab, Razer in talks for Malaysian digital banking licence bid
Up to five licences will be granted to either conventional or Islamic banks.
MAS and Brunei central bank expand areas of cooperation
New areas for collaboration include currency interchangeability and financial sector development.
Grab, Razer in talks for Malaysian digital banking licence bid
Grab, AirAsia, Razer in talks for Malaysian digital banking licence bid.
AXA, Doctor Anywhere launches medical teleconsultation services in Singapore
Insured corporate clients can avail of video consultations through Doctor Anywhere’s app.
AIG, SRX launch insurance policy to replace rent security deposits
AIG Landlord Insurance will cover loss and damages not limited to the amount of the deposit.
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