Financial Services
More than 300 Chinese firms seeking billions of loans to combat nCov
More than 300 Chinese firms seeking billions of loans to combat nCov
Xiaomi is seeking $716m (CNY5b) to develop and sell medical equipment.
UOB shuts China outlets over nCov
A small number of staff will remain in Shanghai and Beijing for customer service.
Consumer goods firm Tolaram plans digital banking debut in Africa
Its services will be akin to a traditional bank.
Over half of Singaporeans want digital banks to offer non-financial features
But they would still keep traditional banks as their primary bank.
MAS urges financial institutions to bolster measures amidst nCov outbreak
Internal controls and demands for financial services should be managed.
Great Eastern launches fitness calculator FitAge
It can be used to measure one’s fitness against their own biological age.
Singapore, US to support financial data cross-border transfer
It will be allowed as long as financial regulators have access to data.
Individual health insurance business premiums hit $465.7m in Q4 2019
IPs and IP rider premiums comprised $419.7m of the amount.
Life insurance employment up 6% in 2019
Expertise in digitalisation transformation remains highly sought after.
Life insurance business premiums up 0.4% to $4.3b in Q4 2019
Total sum assured for new businesses grew 7% YoY to $149.5b.
DBS completes first digital trade financing settlement on Networked Trade Platform
The trade relates to a $3.5m letter of credit transaction between Audi Singapore and Premium Automobiles. DBS Bank has successfully completed the...
MAS' monetary policy stance to remain unchanged despite nCov impact
S$NEER is still said to be in line with weaknesses in Singapore’s economy.
UnionBank inks student program with Singapore Management University
SMU students will help participate in banking and fintech projects of UnionBank.
Grab buys robo-advisory startup Bento
It will be rebranded as GrabInvest to offer cash management solutions.
Coronavirus outbreak to drag on Singapore banks' loan growth and earnings
Asset quality could weaken if the outbreak would continue to persist in the coming months.
Tokio Marine Life Insurance floats coronavirus financial aid
Policyholders with in-force individual life policies can obtain a lump sum of $5,000.
Singapore wealth firm GIC buys 30% stake in Myanmar's Yoma Bank
GIC injected $88.7m in a latest funding round along with Norwegian private equity firm Norfund.
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