Financial Services
Banks brace for higher risk weighted assets
Banks brace for higher risk weighted assets
RWAs could increase by 25% by 2022 and 80% by 2027.
Ascendas-Singbridge, IMDA and ESG unveil co-innovation lab
It will support at least 30 projects within the next three years.
Daily Briefing: Singapore intensifies efforts to enhance startup ecosystem; Mobile payments firm Fave completes two strategic acquistions
And healthcare provider Alliance Healthcare Group (AHG) Limited seeks $4.5m in its IPO.
Chart of the Day: Banks' fixed deposit rates to maintain sustained easing
FD rates have already started tapering off in April.
SMU ties up with Citi Ventures to offer experiential learning in fintech
The 15-week programme at SMU will launch in January 2020.
Liquid Group partners with JETCO to offer Singapore-Hong Kong cross-border QR payments
Eligible customers can pay for purchases using QR payment apps.
MAS and ABS set up banking conduct committee
It will serve as a platform for banks to self-asses and update industry codes of conduct.
PDPC unveils initiatives to amp up organisation accountability
It has launched its data portability public consultation as well as an updated guide to managing data breaches.
Daily Briefing: Tengah's first batch of Garden District flats to launch in May; Check out how much HSBC's bankers earn
And here’s how marketing firm Shopback plans to contend against Facebook and Google.
Citibank appoints Brendan Carney as Singapore CEO
He was previously the consumer business manager (CBM) for South Korea.
Banks stand strong against bad loan wave in Q1
The formation of new bad loans in Q1 was the lowest in five years.
Singapore bank NIMs up 3bps in Q1
UOB was the only weak link as margins shrunk 5bps.
Asset-based finance platform HPD Lendscape opens Singapore office
This marks its first Southeast Asian foothold.
Temasek's Vertex Ventures raises US$230m in first close of Southeast Asian fund
The fund will back tech startups in the region and India.
UOB to reduce reliance on Singapore
Nearly half or 40% of total group operating profit already comes outside Singapore.
$4.1b of arrears owed to small businesses in 2018
Almost a fifth remain unpaid in 2019.
Singapore's billionaire population down 11.4% in 2018 amidst equities rout
High-net worth wealth also fell 8.8% to US$84b.
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