Financial Services
DBS, Wilmar ink Singapore's first SORA agribusiness loan
Wilmar has option to enter into a SORA interest rate swap.
DBS, Wilmar ink Singapore's first SORA agribusiness loan
Wilmar has option to enter into a SORA interest rate swap.
OCBC's Bank Data Certification Pathway gains IBF accreditation
Successful programme participants will now be qualified as data analysts.
NETS, Singtel team up to expand digital cross-border payment services
It leverages Singtel’s ConnectPlus Managed Network and AWS’ cloud computing platform.
ERA, LytePay, Rapyd launches business wallet and payment card for real estate agents
The card is set to offer instant commission payouts and other financial benefits.
Seven in 10 businesses to adopt fintech in the next year: report
Mobile payments will be utilised more in the next 12 months.
UOB resumes full operation of bank branches
Customers visiting a branch are required to wear mask and follow safety protocols.
Hong Kong, Singapore wealth management take a snag amidst the pandemic
Lockdowns across the region force wealth managers to stay at home.
Retail loans to shrink 2.5% in 2020
New loan applications have declined as consumers are cautious of falling under debt.
Singapore leads shift from Libor with $500m note sale
The country's central bank is the first Asian government body to do so.
MAS bans two individuals for fraud
Both have also been sentenced to prison.
DBS Private Bank's main portfolio hits 7% YTD gains in July
It is designed to capitalise on long-term, irreversible growth trends.
Over 4 in 10 senior management roles in banks are Singaporeans: MAS
The regulator assures that citizens are well-represented in local senior roles.
OCBC floats new SORA-based home loan
It is available for all loan types such as completed properties and properties under construction.
MAS commits $250m to drive innovation, local talents in fintech
The regulator plans to raise the maximum grant for AIDA project from $1m to $1.5m.
OCBC, Amundi float dollar cost averaging fund in Singapore
It leverages the cost-averaging effect when it allocates assets to equity ETFs.
End of moratoriums to rain carnage on banks' H2 prospects: analyst
Loan moratoriums are set to expire in H2, putting asset and loan quality at risk.
Singapore's life insurance sales sink 13% in H1
Movement restrictions led to a 25% drop in annual premium business.
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