Financial Services
Credit card dominance in Singapore to wane by 2027 with digital wallet rise
Credit card dominance in Singapore to wane by 2027 with digital wallet rise
Digital wallets will dominate 50% of online transactions and credit card spending will fall to 32% in three years.
Pay transparency driven by regulation and peer practices in Singapore
Five in 10 firms conduct pay equity analysis.
DBS, UOB, and OCBC lead SG stocks with a $500m net institutional inflow
The trio averaged 15.6% total returns from 1 January to 23 May.
MAS bans three ex-insurance agents for providing false information
The prohibition orders took effect 24 May.
Fintech start-up accelerates loan approval process for financial inclusion
Smile API CEO Jerome Eger is committed not just to speed, but secured access to employment data.
MAS and PBC to cooperate on green and transition finance initiatives
The initiatives cover taxonomies, green finance flows, and decarbonisation.
MAS imposes 5-year prohibition order on former DBS representative
He also received a one-week imprisonment sentence.
Deloitte Singapore raises entry-level auditor salaries
First-year hires under the firm’s career programme can earn $4,500 monthly
KPMG to invest $100m in talent initiatives and tech advancements
Of the total investment, $30m will go to salary adjustments.
Wilmar secures US$100m ESG-linked loan from Maybank
Maybank will lower the interest rates in tiers as Wilmar meets ESG goals.
Singapore and UK strengthen collaboration in sustainable finance
The countries vowed to bolster financing for net zero agenda.
LIST: Most valuable Singaporean brands of 2024
The top company has a brand value of US$11b.
MAS penalises Swiss-Asia Financial for serious AML failures
The imposed composition penalty is worth $2.5m.
Teo Ser Luck re-elected as ISCA president
Apart from Teo, ISCA also re-elected three council members.
iFAST Corp net profit leaps nearly five times over in Q1
The increase in earnings was driven by contributions from its ePension division, and improvements in its wealth management business.
Fullerton Fund Mgmt, UNDP working on sustainable management framework
This aims to guide private equity investors in integrating sustainability into their strategies.
DBS, OCBC to see net profits dip, loan growth soften in Q1
“Softer NIM but resilient asset quality.”
Two of the largest banks in Singapore are expected to report a year-on-year (yoy) drop in net profits for...
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape