Financial Services
DBS prices first SORA-based floating rate notes
The notes have a notional amount of $20m (US$14m).
Visa and BRI join in fintech startup Nium's latest funding round
The startup aims to focus on product development and acquisitions.
Great Eastern's net profit crashed 90% to $33.9m in Q1
Total weighted sales rose due to growth momentum in Singapore and Malaysia.
UOB's net profit down 19% to $855m in Q1
Total impairment charges skyrocketed 96% to $286m.
Big three banks' impaired loans ratio to rise to 2.5% in 2021
The pandemic’s full brunt won’t set in until later in 2020.
UOB extends $4b in loans to mid-sized enterprises
The bank also tapped MAS SGD Facility to help clients access funds at lower interest rates.
Insurance regulators extend COVID-19 coverage to CCF, CRF patients
Patients may claim hospital cash benefits for a maximum of 14 days.
ARA, JL family office acquire majority stake in crowdfunding platform
This marks ARA’s foray into the fintech scene.
Keppel appoints Evercore Asia as financial adviser
This is despite the pre-conditions not being met as of now.
SGX, AMTD partner to enhance connectivity between financial markets
The collaboration aims to support entrepreneurs through its initiatives.
MAS extends scope of loan deferments
Starting 6 May, individuals with specific loans may apply to defer repayments until 31 December.
Majority of Singaporeans opt for contactless payments: survey
The coronavirus brought concerns about cash usage in the Lion City.
DBS unveils customised digital financial planning tool
It is integrated into the DBS/POSB internet banking app.
DBS announces new lead independent director
Former director Ho Tian Yee has been re-designated as non-executive director.
IBF, WSG launch immersion programme
This would help professionals start a technology career in the financial sector.
DBS Group's profits plummet 29% to $1.165b in Q1
The allocated $700m for COVID-19 risks prompted an increase in general allowance.
6 in 10 Singaporeans prefer online processing for insurance
More than half want faster claim processes and add-on healthcare offerings.
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