Financial Services
UOB unveils Hanoi branch
UOB unveils Hanoi branch
The move comes after the incorporation of UOB Vietnam as a foreign-owned subsidiary bank.
Big banks hit average dividend yield of 4.5% in H1
DBS led the pack with a dividend yield of 4.9%.
Wirecard partners with OYO to bolster booking services
Services include online payments for booking hotels and homes.
Could bonds buoy Singapore from rising sea levels?
Government bonds could fund its $100b effort to mitigate the effects of climate change.
OCBC in talks with Singtel for virtual bank license: report
The bank may take a minority stake in the joint venture.
DBS plans foray into India's credit card space: report
The bank aims to launch credit card services by Q3 2020.
Singapore banks ace environment sustainability survey
Only four ASEAN banks met targets.
Daily Briefing: Singapore banks on private sector to plug SEA infra gap; Coworking space for healthtech startups launched
And Freepoint Commodities will begin supplying very low-sulfur fuel oil to Singapore in Q4.
Fintech employers eye upsizing staff in next 12 months: survey
Over 1 in 5 employers expects their workforce to double after 36 months.
Chart of the Day: Singapore bank NIMs hit 1.84% in H1
Margins widened in tandem with rising interest rates.
Fintech funding nearly quadrupled to US$453m in first six months of 2019
The number of deals surged 55% to 48.
Why new insurers are growing rapidly in Singapore despite low-cost offerings
The market share of FWD and Budget Direct, which both entered the market in 2016, have grown 2,704% and 7,400% respectively.
Chart of the Day: Banks brace for mounting asset risks
New NPL formation rose for all three banks in Q2 due to large overseas exposures.
Daily Briefing: Blockchain firm StakeWith.Us raises $825,000 in seed round; Standard Chartered poaches Deutsche Bank exec
And online marketplace Zowedo raises $270,000 in a new funding round.
Maybank Singapore's strategy to drive wealth management costs down
The bank is enhancing its digital capabilities beyond portfolio reviews to support a growing number of online transactions.
Fintech firm ayondo asks for more time to produce Q2 and Q3 results
The firm cited the departure of its financial team and senior officers after the sale of Ayondo Markets.
Banks face risk of rising credit costs as bad assets mount
Net new NPA formation for all three banks rose in Q2, higher than FY18 quarterly averages.