Financial Services

Gov't establishes framework to push for high quality green bonds

A committee will oversee the Singapore Green Bond Framework.

OCBC US$750m Tier 2 notes priced at 4.602%

Proceeds will be used for general corporate purposes.

Yangzijiang Financial Holding puts up $200m share buy-back programme

It will increase shareholders’ value and improve return on equity.

SG-based Capital C Corporation bags $74min fresh funds

The firm was founded by brothers Jeames Cheow and JJohn Cheow in 2011.

'Sandwich gen' has knowledge gaps in intergenerational wealth transfer

They also do not have enough knowledge of succession planning.

Temasek launches investment firm to quicken global decarbonisation

GenZero will focus on decarbonisation solutions to deploy long-term capital.

Chart of the day: About 6 in 10 investors are unsatisfied with their wealth firms

Singapore ranks seventh in overall investor satisfaction amongst eight Asian markets.

OCBC Bank priced $500m perpetual capital securities

It is under its US$30b global medium-term note program.

HSBC names new Singapore head of business banking

Alan Ng will head HSBC’s division supporting small and medium-sized businesses.

OCBC Bank designates new human resources head

Lee Hwee Boon will assume her new post on 24 June.

MatchMove buys SG-based startup Shopmatic for $275.14m

The deal is a first in a series of planned acquisitions.

Hong Leong Finance to launch all-in-one payment app HLF FASTPAY

The e-wallet comes with a virtual Visa Prepaid Card.

Tech-focused talents tops demand in Singapore’s financial sector

More than 3,000 tech-focused jobs are expected in 2022.

MAS committee lists 3 recommendations on adjustment spreads for Legacy SOR contracts 

The recommendation covers SOR contras that remain outstanding after 31 December 2024.

MAS task force opens public consultation on 2nd Green and Transition Taxonomy 

The second version details criteria and thresholds for three sectors.

Temasek-backed Fullerton Fund Management to start tokenising funds in ADDX

ADDX investors can access the fund at a minimum size of $13,892 ($US10,000).