Financial Services
Singapore banks lead STI gains with 6.1% rally in April YTD
Singapore banks lead STI gains with 6.1% rally in April YTD
Their average 2019 YTD total return stands at 8.6%.
Daily Briefing: OUE Commercial REIT in merger talks with OUE Hospitality Trust; National Archives of Singapore reopens after 18-month revamp
And here’s how much banks are willing to pay to lure data scientists.
Chart of the Day: Which sector dominated Singapore's bond market in Q1?
This sector raised US$2.6b from the debt capital markets.
Singapore equity proceeds skyrocket 145.8% to US$2.3b in Q1
Follow-on offerings, which soared 579.2% offset weakening IPO proceeds.
Mitsui Sumitomo Insurance sets up digital hub in Singapore
It is located on SGX Centre 2.
OCBC CEO Samuel N. Tsien's salary up 10.42% to $10.70m in 2018
The bank’s full-year profits rose 11% YoY to $4.49b.
Singapore inks fintech innovation deal with Cambodia
Both countries will share information on emerging market trends and financial regulatory issues.
Nomura slashes eight of nine equity research jobs in Singapore
It has been grappling with overseas and domestic losses for four straight quarters.
Daily Briefing: Malaysia asks for six-month extension to clarify stance on RTS project; Validus Capital and Lighthouse Canton reopen trade finance fund
And Singapore-based F&B startup Waitrr partners with Nest Tech to boost its international expansion.
UOB CEO Wee Ee Cheong's salary rose 12.58% to $10.56m in 2018
The bank’s full-year profits rose 18% thanks to loan, card, trade, and fund management fees.
1 in 2 fares will be paid through contactless modes by 2024: UOB
LTA's SimplyGo contactless payment system will launch on 4 April.
Changi Airport Group to launch integrated QR payment apps
The integrated payment platform will allow retailers to accept e-wallets such as GrabPay, Liquid Pay, Singtel Dash, and PayNow.
Bank of Singapore unveils European wealth subsidiary
The private bank opened branches in London and Luxembourg.
ING closes first ASEAN green loan for 50MW rooftop solar projects
The bank is acting as the sole mandated lead arranger for the $50m loan.
This online lending startup offers personal loans up to $50,000
Credit Culture offers personalised and instant loan terms from its proprietary credit-scoring engine.
Regional gains boost Singapore bank loans amidst weakening domestic demand
Regional loan growth of 0.3% outpaced domestic loan expansion of 0.2%.
Can Grab plug Singapore SMEs' funding crunch?
The on-demand platform is aiming to be the preferred financial partner of Southeast Asia's micro-entrepreneurs and small businesses.