Financial Services
Daily Briefing: Singapore banks on private sector to plug SEA infra gap; Coworking space for healthtech startups launched
Daily Briefing: Singapore banks on private sector to plug SEA infra gap; Coworking space for healthtech startups launched
And Freepoint Commodities will begin supplying very low-sulfur fuel oil to Singapore in Q4.
Fintech employers eye upsizing staff in next 12 months: survey
Over 1 in 5 employers expects their workforce to double after 36 months.
Chart of the Day: Singapore bank NIMs hit 1.84% in H1
Margins widened in tandem with rising interest rates.
Fintech funding nearly quadrupled to US$453m in first six months of 2019
The number of deals surged 55% to 48.
Why new insurers are growing rapidly in Singapore despite low-cost offerings
The market share of FWD and Budget Direct, which both entered the market in 2016, have grown 2,704% and 7,400% respectively.
Chart of the Day: Banks brace for mounting asset risks
New NPL formation rose for all three banks in Q2 due to large overseas exposures.
Daily Briefing: Blockchain firm StakeWith.Us raises $825,000 in seed round; Standard Chartered poaches Deutsche Bank exec
And online marketplace Zowedo raises $270,000 in a new funding round.
Maybank Singapore's strategy to drive wealth management costs down
The bank is enhancing its digital capabilities beyond portfolio reviews to support a growing number of online transactions.
Fintech firm ayondo asks for more time to produce Q2 and Q3 results
The firm cited the departure of its financial team and senior officers after the sale of Ayondo Markets.
Banks face risk of rising credit costs as bad assets mount
Net new NPA formation for all three banks rose in Q2, higher than FY18 quarterly averages.
Tech upstarts woo locals as retail banking customer satisfaction falls
65% are interested in opening digital bank accounts, up from 52% in the previous year.
HSBC Singapore rolls out mortgage for Australian homes
It will initially be available to properties in Sydney, Melbourne, Brisbane, Perth, and Adelaide.
New business premiums in life insurance down 2% to $1.97b in H1
The decline in single premium policies dragged half-year figures.
Chart of the Day: Life insurance industry workforce hits 8,282 in H1
The number of tied representatives also fell to 15,117.
MAS and SGX RegCo launch trade surveillance practices guide
It encourages proper recordkeeping and periodic quality assurance reviews on compliance reports.
MAS launches consultation paper on controls against market abuse
It proposes to tighten requirements for ultimate beneficial owners, amongst others.
ABS revamps cloud outsourcing guide for banks
One revision guides the categorisation of material and non-material cloud outsourcing contracts.
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Commentary
Digital identity in the age of AI: Singapore’s strategic advantage
Why Singapore-based firms still underestimate the human side of doing business in North Asia
Singapore's hiring slowdown: A call for data-driven resilience
When it comes to AI, there is no such thing as too many chefs
The agility trap: Why most Singaporean businesses are structured for stability, not speed
Building a Southern Malaysia supply chain ecosystem for Singapore’s advanced manufacturing
Failed talks, rising costs: Why Singapore still feels the shock of Middle East tensions
How Singapore consumer brands can build strong supply chains amidst rising input costs
Singapore’s AI ambitions will rise or fall on infrastructure
Why a clear digital roadmap is essential for business success