Financial Services
OCBC boosts Johor-Singapore SEZ with $3.3b in financing
OCBC boosts Johor-Singapore SEZ with $3.3b in financing
The group expects to provide at least another $904m (RM3b) by the end of 2025.
Travel reward platform HeyMax eyes Japan, Hong Kong
The Asia-Pacific region is the fastest-growing travel market, with annual growth of 10%.
Trust Bank unveils new Trust+ card
Customers with $100,000 in their savings accounts will earn a higher interest rate on deposits.
Seedflex facilitates loans based on sales
Higher revenue means faster repayment terms.
MoneyHero Group narrows net loss to $3m in Q1
It was supported by lower operating costs and non-operating expenses.
Singapore firms tighten credit terms as delays persist in 2024: report
However, the average credit period shortened slightly to 53 days, a sign of increasing financial caution.
Gov’t seeks feedback on proposed amendments to the debt repayment scheme
The law is looking to criminalise firms exploiting the scheme.
Singaporeans most confused by financial jargon: report
Singaporeans searched for the meaning of "equity" an average of 2,170 times per month.
S’poreans favour ethical AI use in financial advising: report
Nearly 3 in 4 agree that financial advisors should be allowed to use AI.
DBS and UOB fund $530m data centre campus in Indonesia
Three data centres will be developed in the Nongsa Digital Park (NDP) in Batam.
CPFIS funds gain 6.17% YoY despite mixed Q1
As of end-March 2025, the CPFIS covered a total of 232 funds.
CIMB Singapore and Wing Bank sign MoU to boost cross-border finance
The partnership aims to enhance financial connectivity within ASEAN.
MAS’ advisory committee to review governance code
The review aims to enhance the transparency and market appeal of listed companies.
Maybank net profit up 4% to $803m in Q1
Net operating income also increased 1.8% to $2.39b.
Public trust in Singapore banks remains strong at 72% in 2024
The sector earned an Edelman Net Trust Score of 68, slightly down from 70 in 2022.
Digital wallets lead 39% of e-commerce transactions in 2024
The report projects that Singapore’s e-commerce market will reach $37.5b by 2030.
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