Financial Services
Which Singapore bank enjoys the highest corporate customer satisfaction?
Which Singapore bank enjoys the highest corporate customer satisfaction?
A homegrown bank pulled ahead of global rivals like Standard Chartered.
UOB teams up with fashion e-commerce platform Zilingo
Zilingo merchants and manufacturers can directly access UOB's banking solutions.
Over $1b worth of MediSave top-ups and GST vouchers await 1.7 million Singaporeans
The benefits will be received from July to November.
AXA Insurance launches issuance investment-linked plan
Customers can choose a mortgage insurance premium running from 10-30 years.
SPH, NTUC Income and MetLife's LumenLab tap on blockchain to automate insurance claims
The pilot trial will launch in June and target 1,000 random policyholders.
OCBC lags rivals in coverage for soured assets
Non-performing assets coverage was at 78% as at Q1 2019.
Daily Briefing: Razer to roll out Visa-issued prepaid cards; Sky Everton condo sold 40% of units in weekend launch
And higher fines for parking violators will kick into effect in July.
CIMB Niaga and Liquid Group to launch cross-border QR payments between Singapore and Indonesia
Indonesian travellers will soon be able to use local payment apps at Changi airport.
UOB and CapBridge to offer Asian firms access to private capital
CapBridge’s investment syndication platform will match UOB clients with anchor and accredited co-investors.
Will virtual banks threaten Singapore's big three?
Newcomers still have to create significantly large funding and capital bases to contend with incumbents.
Life insurance premiums to grow 5% in 2020
It will benefit from sustained demand for annual premium products.
Daily Briefing: Temasek unit mulls offering equity-type products for retail investors; Pavilion Energy subsidiary to buy Spanish energy firm for $176.4m
And over 75,000 e-scooters registered ahead of 30 June deadline.
One in 10 firms forecast 0-5% revenue declines in 2019
Only 37% of businesses expect moderate growth between 5-15%.
Singapore investment banking fees down 15.9% to US$366.3m
Advisory fees for M&A deals shrank 49% to US$76m.
Singapore's total M&A value up 64.3% to US$59.4b in H1
Blackstone’s US$18.7b acquisition of GLP, the largest deal with Singaporean involvement to date, boosted the total.
Daily Briefing: Singapore banks trail behind Malaysia in female board representation; Temasek joins US$75m funding of US biotech startup
And The Esplanade is seeking to raise $9m to build its $30m waterfront theatre.
GOJEK adds DBS PayLah! to payment options
The move aims to encourage users to adopt digital payments.
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