Financial Services

WMI and PBIG partners to fortify Singapore’s Philanthropy Hub

The partnership is supported by the Monetary Authority of Singapore (MAS).

AllianzGI launches platform for mainstream access to ESG data

The proprietary sustainability data platform will be released first to AllianzGI investment professionals.

What to expect from MAS’ April policy statement

UOB expects MAS  to release its statement around 10-14 April.

Chart of the Day: Worryingly, almost 8 in 10 fund managers still use fax

The report showed that 10% of fund managers’ businesses are fully manual.

UOB arranges NUS’ $340m 10-year green bond

It has a coupon rate of 3.268% and will be issued on 31 March 2023.

BIS’ Project Nexus prototype links Singapore, Malaysia, and Eurosystem payment systems

This project is a multilateral network connecting multiple domestic instant payment systems.

Singapore reaffirms creditor hierarchy following Credit Suisse AT1 wipeout

Equity holders will absorb losses before AT1 and Tier 2 bondholders, MAS said.

Chart of the Day: 10% of fund managers' businesses are still unautomated

Asset servicers are less likely to be manual than investment managers.

OCBC opens Wuhan branch

OCBC Wing Hang Bank (China) now has 19 branches across 14 cities.

Can CPF nominations be revoked upon divorce? MOM responds

CPF nominations work like wills and CPF members may still provide for ex-spouse.

Pending tax incentive applications from single-family offices hit 200

Applicants are required to open and maintain an account with a MAS-licensed bank.

Singapore tops cities with most crypto layoffs

Over 3,000 workers in the industry got laid off in a year.

3 factors weighing on credit appetite in Singapore

Systemwide gross loans for commercial banks have declined for three consecutive months.