Financial Services
UOB prices $860m unsecured notes due 2028
The issue date of the notes is on 8 August 2024.
Revolut unveils money management platform in Singapore
Businesses can hold over 25 currencies and access over 150 more.
Capitaland Ascott Trust secures $165m OCBC 1.5°C loan
It is the first lodging trust to secure such a facility.
MAS increases gold reserves by 4 tonnes in Q2
It was the sole central bank to register a gold reserve increase in the quarter.
MAS rebukes registered fund manager for non-compliance to licensing rules
A two-year prohibition order was also issued to its executive director for failure to ensure the company’s compliance.
Which S-REITs will benefit from MAS's reduced interest coverage ratio?
MAS proposed a 1.5x minimum ICR for all REITs.
Singapore banks’ net interest margin are past their peaks: S&P
NIMs seen falling by 10 basis points each year over the 2024-2026 period.
MAS ramps up support for AI, quantum push in financial sector
The central bank commits $100 million under FSTI 3.0.
Fintech startup PEXX bags $4.5m in new funding round
It will use the funding for expansion and platform development.
Singaporeans abandon bank applications with long processes: report
One in three will abandon a bank application after 10 minutes.
Natalia Goh is new CEO of Sea’s digital bank
She succeeds Zheng Yudong, who is transitioning to an advisory role.
Fintech firm Partior raises US$60m in Series B round
The firm was incorporated in 2021 with Temasek, DBS and JP Morgan.
Fave Singapore wins major payment institution license from MAS
The firm has over US$1b in transactions across Southeast Asia and India.
Majority of Singapore residents send remittances at least once a year: report
Digital apps were the preferred method of sending money, exceeding global average.
Ex-fund manager jailed for defrauding investors
His actions led investors to suffer US$342,500 in losses, says MAS.
OxPay Financial extends deadline for PT Diners Indonesia investment deal
OxPay is looking to invest $1.5m for a 45% stake in PT Diners.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape