Financial Services
NETS taps John Yong as a non-executive independent director
Yong began his duties on 19 February.
Lendlease Finance rebounds in H2’23, revenue more than doubles
Total assets climbed 6.4% YoY.
MoneyHero estimates near 60% revenue growth in Singapore
The finance platform has also anticipated a 50% year-over-year increase in Hong Kong.
Ministry of Finance orders six agencies to refund wrongly charged GST
The amount of wrongly charged GST for individuals and non-GST registered entities is estimated to be $1.5m yearly.
Bright Point International Financial enters SGX's derivatives market
SGX now has 70 trading and 30 clearing members.
MOM to retain existing computation method for CPF interest payment
The current method provides members with higher interest.
Investors shift focus to early-stage and AI-focused fintech firms
In 2H23, AI fintech funding in Singapore soared to US$333.13m.
7 in 10 SMEs plan to do more business internationally
Given this, more firms have been using apps for cross-border payments.
41% of Singaporean business leaders skeptical about their financial data: survey
Manual processes and human error are mainly to blame.
Study shows 1 in 2 financially savvy Singaporeans own crypto, bullish on its future
High risk and volatility are some of the top concerns deterring non-crypto users.
Will MAS keep its policy parameters unchanged for the whole year?
Experts estimate the S$NEER to be at +1.5% appreciation gradient, with +/- 2.0% band.
Singapore’s monetary policy likely to normalise in April: analyst
Singapore’s central bank may reduce the S$NEER slope by 50 basis points
MAS keeps policy unchanged in January MPS
The central bank said the current policy settings remain "appropriate."
DBS, OCBC to log higher net profits, muted loan growth for Q4: analyst
DBS may hike its quarterly dividend by 6 cents to return surplus capital.
Gov’t establishes new sustainable finance body
The association will improve standards, solutions, and skills in the finance sector.
IFPAS, Kaplan launch new certification programme for financial practitioners
The programme will take six to 12 months to complete.
Gov’t extends application for the Simplified Insolvency Programme until 2026
The programme helps MSCs facing financial difficulties.
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