Financial Services
Grab co-founder Tan Hooi Ling to step down from operating roles
Grab co-founder Tan Hooi Ling to step down from operating roles
She will be transitioning into an advisory role.
Chart of the Day: Credit card balance to hit $13.7b in 2023
Singapore has 62,000 POS terminals per 1 million individuals.
OxPay CFO under investigation by Commercial Affairs Dep't
The investigation is in no way related to OxPay or the group.
Singapore banks deliver strong earnings growth in Q1
OCBC outperformed with a net interest margin expansion of 75bp YoY.
Central Bank unveils the Lee Kuan Yew centenary coin
Singaporeans can obtain the commemorative coin starting September 2023.
Singapore’s AUM grew by $470b mostly due to institutional investors: MAS
The growth makes up around 20% of the increase in total AUM from 2017 to 2021.
Authorized and recognized unit trusts post net inflows of $897.58m in Q1
For now, Morningstar sees global slowdown impact has yet to come to fruition.
SG records 959 bankruptcy filings in Q123
The figure is higher than the application received in Q122.
MAS proposes digital platform to help banks easily detect financial crime
It will detect customers who exhibit multiple “red flags” linked to financial crime.
Pilon works to address gaps in businesses’ cash flow
Imagine a platform that enables immediate payment for suppliers and extended terms for buyers.
Standard Chartered leads MISC’s US$527m sustainable loan facility
It has a term of 11-years.
Crypto exchange Luno exits Singapore
Luno has also withdrawn its license application with the Monetary Authority of Singapore.
Has MAS' tightening cycle finally come to an end?
The central bank kept its policy unchanged in April, for the first time since October 2021.
StanChart’s VC arm invests in fintech platform BetterTradeOff
The platform will use the investment to boost its digital wealth advisory capabilities.
Another tightening or status quo? What to expect from MAS’ April MPC meeting
Some experts predict a further increase in the slope to 2.0%.
3 in 4 Singaporeans send or receive money via digital apps: study
Singapore’s remittance market will exceed US$12b in transaction volume by 2030.
Chart of the Day: Gen Zs optimistic but cautious about crypto
More than two in 10 said they want to take a wait-and-see approach.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape