Financial Services
Withering wealth? 15% of the mass affluent plan to increase their borrowing
Withering wealth? 15% of the mass affluent plan to increase their borrowing
Two in five affluent Singaporeans also said they intend to reduce spending this year.
Chart of the day: Singapore’s rich are getting poorer
More than 2 in 5 Singaporean rich have had their income decreased in 2021.
More funds from IPOs seen in H2 as firms face economic woes: Deloitte
Nine IPOs posted $572m in proceeds, raising the total IPO market to $790m.
AIA Singapore goes on hiring spree for financial associate consultants
The firm opened 500 positions along with the launch of its Financial Associate Scheme.
B2B bad debt level increases to 9%
Agri-food had the highest average of write-offs across industries in Singapore.
Woman faces charges for unlicensed fund management business
If convicted, she will be fined up to $150,000 or detained for up to three years.
UOB prices $400m perpetual capital securities
It will be issued under a $41.5b (US$30b) global medium term note programme.
Mergers, IPOs plunge in first half of 2022
The value of the seven IPOs in Singapore so far is 90% lower than last year's.
Alternative lending startup Helicap bags $6.94m in new funding round
The round was led by Temasek-backed Tikehau Capital.
SC-STS welcomes LCH’s clearing extension for OTC SORA derivatives
The central clearing was extended from 21 years to 31 years.
MAS unveils AI tool to help financial institutions curb greenwashing
The AI utility is part of the National Artificial Intelligence Programme in Finance.
SGX RegCo, ACRA form advisory committee on sustainability reporting
The committee comprises 13 members.
MAS conducts cyber crisis management exercise with French central bank
The exercise evaluated the effectiveness of cyber crisis coordination.
Chart of the Day: Which is the common type of investment for young people
Young people mostly invest their money in shares.
Singapore’s $35b green bond sale lifts sustainable financing capabilities
The taxonomy initiative will reduce the cases of greenwashing.
2 new DWBs offer ‘incremental income’ to SGX-listed Credit Bureau
Digital wholesale banking businesses raise the count of bureau members to 36.
Chart of the day: Singaporeans to spend more on travel in the next 12 months
Most Singaporeans want to fly abroad more than just go somewhere local.
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