Financial Services

Singapore's Millennials tighten grip on money amidst pandemic
4 Dec 20
About 27% revealed that their borrowing rose in the last month.
Standard Chartered pilots learning hub in Singapore
4 Dec 20
Through the lab, the bank hopes to upskill 8,000 employees by 2022.
AXA Singapore boosts COVID-19 travel insurance coverage
3 Dec 20
Clients will receive benefits such as hospitalisation and quarantine allowance.
Tokio Marine Life Insurance Singapore nabs two awards at SBR Management Excellence Awards
3 Dec 20
The company has provided 24 policyholders with a lump sum financial assistance benefit of $5000.
MAS bans two insurance agents for dishonesty
3 Dec 20
They were formerly with Aviva and Great Eastern Life, respectively.
MOF encourages local organisations to share Budget 2021 insights
3 Dec 20
Interested parties can give suggestions from 3 December to 8 January.
One in three Singaporeans ditch their travel credit cards
3 Dec 20
As much as 551,000 Singaporean card holders may have said goodbye to their cards, says Finder.com.
Banks rerate 17% due to recovery trade: Maybank
2 Dec 20
The recovery trade is driven by news of successful COVID-19 vaccine trials.
StanChart launches SGD sustainable time deposit product
2 Dec 20
Its recent study found ample interest in sustainable investing from affluent Singaporeans.
Fintech CardUp announces new deal with Visa
2 Dec 20
The deal will allow businesses to instantly access credit on international payments.
Daily Briefing: MAS urges households to be prudent in expenses; F&B outlets seeing slow recovery
1 Dec 20
And SG’s Tazapay raises $4.29m led by Sequoia India’s Surge, Saison Capital.
Singapore bank loans down for fifth straight month
1 Dec 20
Demand-supply conditions for loans remains soft going into Q4, says OCBC Treasury Research.
OCBC adopts Equator Principles
1 Dec 20
This strengthens its environment and social (E&S) risk management disclosure.
MSIG Singapore pilots plan for gig workers
1 Dec 20
The policy starts from $6.89 for a weekly basic plan.
MAS to grant non-bank financial institutions access to FAST, PayNow
1 Dec 20
Beginning February 2021, NFI e-wallet users will be able to make real-time transfers to banks.
MAS orders removal of EH-REIT manager
1 Dec 20
The order follows a notice of intention issued on 26 October.
Aviva, Singlife complete merger
1 Dec 20
It is claimed to be the country's largest insurance deal at $3.2b.
HSBC Singapore reopens Jade Centre at Jewel Changi Airport
27 Nov 20
It is the final phase of HSBC's gradual resumption of operations.
American billionaire Ray Dalio to open Singapore family office
27 Nov 20
Asian family offices have surpassed global peers due to Chinese stocks.
GIA Singapore pilots new motor accident report platform
27 Nov 20
It has new features, including contactless authorisation and cashless payment.
DBS disburses record $9m in SE loans, grants
27 Nov 20
It's the bank's largest disbursement of SE loans, grants within a year.
Credit Bureau Asia launches IPO of 30m shares
27 Nov 20
These will value at $0.93 per share.
MAS, IBF roll out measures to boost jobs in finance
27 Nov 20
The regulator will cover up to $1,000 of stipend under their internship programme.
NTUC Income amps up travel insurance offering
26 Nov 20
It will grant COVID-19 coverage for overseas travel.
Validus, YTL PowerSeraya partner for SME financial inclusion initiative
25 Nov 20
SME suppliers can access Validus’ pre-approved financing for up to $500,000.
UOB to issue €1b covered bonds due 2027
25 Nov 20
This is the first euro-covered bond in Singapore in two years.
OCBC pilots increased green finance framework for SMEs
24 Nov 20
SMEs will no longer need to develop frameworks prior to applying.
MAS unveils loan grant to help corporates obtain green financing
24 Nov 20
The grant offers up to $180,000 coverage of expenses.
COVID-19 ‘dragged down' financial wellness: survey
24 Nov 20
Around 31% of respondents had issues paying off their housing loans.
EZ-Link pilots enhanced mobile wallet
24 Nov 20
This is in connection with a brand refresh.
UOB adopts Bloomberg Barclays green bond index
23 Nov 20
It is the first Singaporean bank to do so.
MAS pilots upgraded RMB funding facility
23 Nov 20
It will discontinue the current RMB liquidity facility on 23 November.
Aviva Singlife obtains investor demand with $3.5b Tier 2 notes
20 Nov 20
This follows the pricing of Tier 2 notes at 3.375%.
Daily Briefing: Singapore rolls out COVID-19 insurance for inbound travellers; SG, France join forces to develop tourism startups
19 Nov 20
And MAS unveils Year of the Ox coins.
Mastercard names Sokin as Singapore principal member
19 Nov 20
Sokin is floating a subscription-based payment service in Q1 2021.
Singapore's life insurance segment to hit $43.5b in 2024
19 Nov 20
The industry crashed 13% in weighted new business premiums in H1 2020.
Daily Markets Briefing: STI up 0.36%
18 Nov 20
CapitaLand led the gains amongst top active stocks with a 2.39% expansion.
Singapore pilots insurance coverage for foreign inbound travellers
18 Nov 20
The products grant at least $30,000 in coverage for medical treatment.
SingSaver names Henry Sewell as Singapore country manager
18 Nov 20
He will oversee the growth of SingSaver's financial wellness services.
Singapore, Philippine central banks partner for data connectivity
18 Nov 20
They hope to boost cross-border data transfer and risk management.

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