Financial Services
WMI and PBIG partners to fortify Singapore’s Philanthropy Hub
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: Majority of fund managers look to use AI to reduce manual process
Other fund managers seek to use DLT-related tools.
How will MAS tighten monetary policy in April 2023? Analysts explain
The central bank aims to subdue the price pressures.
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.
SG snatches crown as top financial centre in APAC
It took over Hong Kong by one point.
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.
MAS: banking system sound amidst US bank failures
MAS said that its local banks have “insignificant exposures” to the failed banks.
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