Financial Services
MAS establishes $86.31b USD facility for banks
It aims to support more stable USD funding conditions in Singapore.
MAS establishes $86.31b USD facility for banks
It aims to support more stable USD funding conditions in Singapore.
DBS floats digital relief solutions for COVID-hit F&B businesses
Businesses will be able to establish an online presence within three business days.
General insurance sector posts $28m in underwriting loss for 2019
The top five segments accounted for a combined $43.4m underwriting loss.
MAS asks financial firms to ensure COVID-19 distancing measures
Online platforms and employee distancing should be implemented.
MAS may reduce S$NEER policy band to neutral: analyst
Re-centering the band remains unlikely for now.
Credit searches by local firms down 24.06% in 2019
This is the first contraction seen following seven consecutive years of growth.
DBS Group names two independent board directors
CapitaLand’s Anthony Lim and pharma director Punita Lal will join DBS on 1 April.
Investment banking fee revenue down 58.7% to $134m in Q1
Advisory fees for M&A deals plunged 80.4% YoY to $16.04m.
Daily Briefing: MAS launches $86.6b swap facility with US Fed; Singapore, New Zealand to maintain open supply chains amidst virus outbreak
And Scoot has temporarily suspended flights to 49 destinations.
MAS fines accounting firm for anti-money laundering lapses
The firm failed to vet transactions at risk for money laundering and terrorism financing.
MAS bans six individuals for fraud
Four former insurance agents and two bank employees were charged.
Fintech startup MatchMove applies for digital bank license
It partnered with lender Singapura Finance and other fintechs for its bid.
Insurtech Gigacover powers caregiving app Homage's benefits programme
Members will gain access to 500 clinics in Singapore through Gigacover’s mobile app.
Revolut brings Apple Pay to Singapore
Users can add their cards to Apple Pay using the Revolut app.
OCBC's growth dampened as US Fed cuts rate
NIM forecast has been slashed to 1.68% as NPL ratio could rise to 1.9%.
Genie Financial Services to grant auto loans to COVID-hit SMEs
Loans are offered up to $50,000 per firm.
DBS extends enrollment deadline for COVID-19 relief insurance
The policy recorded more than 52,000 sign-ups in a day during its peak.
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