Financial Services
Maybank, ING top creditors of embattled trader Agritrade
Maybank, ING top creditors of embattled trader Agritrade
The Singapore-based commodity trader owes $303.11m (US$218m) to the two banks.
BEYOND partners with OneConnect to create digital banking services
OneConnect is an associate of Ping An Insurance, which has a virtual bank license in Hong Kong.
Investors steer clear of weak corporate bonds as default risks rise
Companies in struggling sectors will likely face refinancing risks in 2020 as investors go for higher-grade corporate bonds.
DBS closes first trade finance deal on TFP worth $4.8m
SMEs can access trade finance solutions from different banks in a single platform.
Daily Briefing: Singapore urges Temasek, GIC to disclose more information; Grab launches accelerator programme in Vietnam
And Circles.Life cuts roles associated with non-priority projects.
Singapore banks' face slower loan growth in H1 2020
The big three banks’ are expecting lower loan growth for FY20F on the back of the outbreak.
Hong Leong Finance's profits slipped 13% to $103m in 2019
Earnings per share fell to $23.09 cents.
DBS launches portfolio advisory tool to manage investments
It generates an assessment of a client’s portfolio in less than five minutes.
UOB Kay Hian's profit slid 7.5% to $69.19m in 2019
Lower trading volumes weighed on growth.
CIMB Singapore announces new measures for coronavirus-hit enterprises
Tourism-related firms are eligible for a $1m loan with a 5% interest rate.
Big 3's Greater China income skyrocketed 175% over 9 years
The big three’s combined annual income for this sector amounted to $6.42b last year.
Appeal Court rules out breach of trust claims against crypto platform Quoine
It reversed erroneous trades that it made in a trading software in 2017.
7 in 10 asset managers cancel plans amidst COVID-19 outbreak
Nearly two-thirds have also suspended travel to other parts of the world.
China Taiping Singapore floats new financial aid against COVID-19
A recovery bonus of $1,000 will be given.
Daily Briefing: UOB hiked pay by 8% per employee; Dream Cruises halts Genting Dream operations
And HDB is set to offer two-room BTO flats in May and August.
Grab raises $1.19b from MUFG, Japanese IT firm TIS
The money will fund the app’s expansion into financial services.
MAS warns of fake calls impersonating staff
It stressed that it would never ask the public for personal or bank information.
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