Financial Services
Chart of the day: One in eight S’poreans to cut back on insurance as costs rises
This is below the APAC average of 14%.
Chart of the day: One in eight S’poreans to cut back on insurance as costs rises
This is below the APAC average of 14%.
Chart of the day: New business premiums of life and health drops 8.2% YoY in June
New business premiums totalled $63.4b in June this year.
Singaporean's use of credit cards for cross-border shopping declines by 11%
It is still, however, the most used payment method when shopping outside SG.
Hg Exchange appoints new chairman
Lawrence Wong will be the Chairman of the Board, starting 1 August.
Singapore life insurance contracts by 1.9% YoY in H1 2022
New business premiums hit $2.63b.
Investor performance for semiconductor giants ‘strong’ in July
Investors are also seeing an opportunity in Taiwan Semiconductor Manufacturing Company.
Massive NIM expansion backs increase of DPS in 2023: analyst
DBS, OCBC, and UOB posted expansion in the second quarter (Q2) of 2022.
Singapore FinTech Festival makes in-person return in November
The event will include a physical exhibition of 500 leading firms in Fintech.
Singapore priced $2.4b inaugural sovereign green bond at 3.04%
The remaining $50m of the bond will be offered to investors.
MAS to roll out Singapore’s first sovereign green bond
It will be denominated in Singapore dollars with a tenor of either 30 or 50 years.
Crash ahead? Residential sales to take a hit from banks’ increased fixed-rate home loans
Home loan rates now range from 2.75% p.a. to 3.08% p.a.
MAS and Google Cloud launch Point Carbon Zero Programme
The programme aims to jumpstart climate fintech solutions in Asia.
DBS issues $107m (HKD210m) 3.47% notes due in 2024
The notes will be listed in the bonds market on 26 July.
DBS vs OCBC: Which bank will post a higher net profit in Q2?
According to UOB Kay Hian, both banks' net profits will decrease.
MAS vows to strengthen crypto regulation on consumer protection
The authority said reviews and public consultations are already underway.
MAS records $7.4b loss in FY21/22
Lower investment gain was among the factors that led to the loss.
SG emerges as top Southeast Asian destination for start-up investment
The Lion City is home to 12 unicorns and over 9,300 startups.
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