Financial Services

Chart of the Day: Overseas credit searches by Singapore firms up 2.05% in 2018

ASEAN accounted for the highest proportion of credit checks at 27.7%.

NTUC Income and ZhongAn tie up to develop digital insurance products

They aim to roll out a lifestyle insurance product for the tourism sector by Q2.

Singapore fintech Validus Capital expands to Indonesia

It aims to plug SME funding gap through its domestic business entity, Batumbu.

EZ-Link ties up with Malaysia's Touch n' Go for cross border Combi Card

It will allow users to pay for Singapore ERP fares and Malaysian highway tolls.

MAS bans reps from HSBC, UOB, and NTUC Income over fraud

Their cases involved deception, sales of fake products, and forgery.

Chart of the Day: What are the top targeted M&A deals in Q1?

CapitaLand's US$7.9b acquisition of Ascendas is the largest M&A so far in SEA.

Hyflux troubles trickle down as nearly $4b corporate bonds mature by end-2019

Hyflux's distress may just be the beginning of a series of default risk situations.

UOB prices US$600m notes at 3.75%

These will be rolled out by 15 April.

Singapore banks lead STI gains with 6.1% rally in April YTD

Their average 2019 YTD total return stands at 8.6%.

Chart of the Day: Which sector dominated Singapore's bond market in Q1?

This sector raised US$2.6b from the debt capital markets.

Singapore equity proceeds skyrocket 145.8% to US$2.3b in Q1

Follow-on offerings, which soared 579.2% offset weakening IPO proceeds.

OCBC CEO Samuel N. Tsien's salary up 10.42% to $10.70m in 2018

The bank’s full-year profits rose 11% YoY to $4.49b.

Singapore inks fintech innovation deal with Cambodia

Both countries will share information on emerging market trends and financial regulatory issues.