Financial Services

Chart of the Day: M&A targeting Singapore companies plunged to 5-year low at US$4.3b
25 Jun 18
Alibaba's purchase of shares in Lazada boosted it by US$2b.
PayNow to include faster corporate cash transfers
21 Jun 18
The scheme will be a part of the Singapore Quick Response Code which utilises mobile banking apps.
China's looser rules on foreign investors to ease foreign bank entry
21 Jun 18
It will allow easier entry for insurance-related businesses.
Singapore to be cheque-free by 2025
21 Jun 18
The government wants to reduce cash and increase e-payments.
Daily Briefing: Lack of new condo launches in May disappoints market; Temasek mulling US$1.32b investment in UK school operator
21 Jun 18
And here's what may buoy Raffles from its protracted stock decline.
UOB asset management arm launches alternative investment fund for retail investors
20 Jun 18
Minimum investment starts at $1,000.
Carousell launches e-payment system CarouPay
20 Jun 18
It is the first financial service launched in collaboration with DBS.
7-Eleven partners with soCash for cardless withdrawals
19 Jun 18
With 7-Eleven on board, soCash's service is now available at more than 1,000 locations in Singapore.
OCBC eyes doubling profit to $1b from China's Greater Bay Area
19 Jun 18
It will invest $200m in the area within the next five years.
Chart of the Day: Singapore overseas deals up 24.5% to US$12.4b YTD
19 Jun 18
Germany emerged as the most targeted nation for overseas deals.
Daily Briefing: OCBC to set up Chinese wealth management arm; Sheng Shiong to revamp old stores
19 Jun 18
And Don Quijote is planning to beef up its Singapore presence.
OCBC and UOB tap NETS for mobile and online payments
18 Jun 18
Purchases will directly be debited to the user's bank account through NETSPay.
GIC and Sequoia China invest $54.04m in Korean app maker
18 Jun 18
The deal is GIC’s first investment for a Korean startup as well as Sequoia China’s first venture in a Korean company.
Daily Briefing: Singapore asset managers drop some Malaysian bonds over 1MDB scandal; NSE tries to lure investors after SGX fallout
18 Jun 18
And Google’s new hire highlights its hiring raid on Singapore banks.
SGD bond markets down 41.9% to $7.5b YTD
15 Jun 18
LTA’s $1.2b bond offering is 2018’s largest so far.
Bond offerings rose 0.7% to US$14.4b YTD
15 Jun 18
Proceeds declined by 18.6% to US$6.5b as the end of Q2 approaches.
Daily Briefing: Singapore trails behind Hong Kong in offshore wealth management; Sea prices $500m convertible note
15 Jun 18
And following Amber45's strong sales, UOL is launching another condo that could go for $1,400 psf.
Singapore IPOs lag Asian peers as homegrown companies rush to list abroad
14 Jun 18
Cross-border listings ballooned 300% in volume compared to domestic flotations which surged 64%.
DBS rolls out virtual bank recruiter
14 Jun 18
‘Jim’ can save up to 40 hours monthly otherwise spent on manual processing.
Insurer FWD ties up with DBS for electronic claims payment via PayNow
14 Jun 18
Customers can receive payments just by providing their PayNow registered mobile number.
Bank stocks dipped from all-time high amidst May-June lull
13 Jun 18
Singapore bank stocks have declined to 7% YTD ever since they gained 9% during their all-time high this year.
Asia beats Europe and America in private banking gains in 2017
13 Jun 18
Assets under management grew 15.2% which is almost double Europe’s 7.5%.
Singapore and Hong Kong are leading Asia's asset management charge
13 Jun 18
Their combined assets under management (AUM) hit US$91.5b in 2017.
US bond yields are going up, and here's what it means for Singapore
12 Jun 18
The yield for 10-year Singapore government bonds also jumped 58 bps YTD to 2.58%.
Japan and Hong Kong investors eye alternatives to DBS stock
11 Jun 18
Some are concerned about the bank’s “relatively high” valuations.
Asian investment banking fees plunge to four year low after hitting $4.62b in May
8 Jun 18
However, robust deal-making activity may buoy the sector from its slump.
GIC and Temasek join Ant Financial's US$14b Series C funding
8 Jun 18
This will fund its globalisation plan and talent investment in emerging markets.
OCBC loans Wilmar US$200m with sustainability-based interest rate
8 Jun 18
The interest will be lowered in tiers if the sustainability target is met.
Can Grab Ventures address Singapore's worsening funding gap?
7 Jun 18
There are only a handful of funds focusing on providing Series B funding.
OCBC-Starhub alliance eyes merging loyalty programmes from 10 sectors
7 Jun 18
This will allow consumers to exchange, consolidate, and redeem loyalty reward points and air miles.
Daily Briefing: WeWork eyes more flex work spaces in Singapore; Singapore to benefit from buyout fever in SEA
7 Jun 18
And here's a crypto exchange that is putting everything on the blockchain.
Daily Briefing: Standard Chartered eyes merging 10 country operations in Singapore; Cancelled Singapore-Malaysia rail link to boost airline firms
5 Jun 18
And here’s how Singapore subways could get a boost from F1 technology.
Singapore develops facilities to lure investment into Asian infrastructure
5 Jun 18
It’s developing a pool of project finance loans into a collateralised loan obligation.
OCBC debuts all-digital account application
5 Jun 18
There will be no need to provide documents as it can easily link to MyInfo.
Indian banks hammered by rising credit costs amidst portfolio cleanup
5 Jun 18
Credit costs rose from 2.5% to 4.3% of loans on average at state banks.
Chart of the Day: Singapore money supply jumped 5.3% in April
5 Jun 18
It grew thanks to higher net foreign position and private credit.
Two divestments to lift OCBC's earnings in 2018
5 Jun 18
It is finalising the sale of Great Eastern Life Malaysia and Hong Kong Life Insurance.
Singapore crypto startup gets $16.46b for blockchain tech
3 Jun 18
The platform FUSION allows companies to tap into a global network and interact with other cryptocurrencies....
Chinese banks thrive on mobile payments as millennials drive cashless push
1 Jun 18
Lenders handled a whopping $11.1t in mobile payments in the first quarter alone.
Asia's private banking scene heats up as European players enter fray
1 Jun 18
European private banks are heavily investing in Asian footholds.

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