Financial Services
UOB prices $860m unsecured notes due 2028
The issue date of the notes is on 8 August 2024.
Revolut unveils money management platform in Singapore
Businesses can hold over 25 currencies and access over 150 more.
Capitaland Ascott Trust secures $165m OCBC 1.5°C loan
It is the first lodging trust to secure such a facility.
MAS increases gold reserves by 4 tonnes in Q2
It was the sole central bank to register a gold reserve increase in the quarter.
MAS rebukes registered fund manager for non-compliance to licensing rules
A two-year prohibition order was also issued to its executive director for failure to ensure the company’s compliance.
Which S-REITs will benefit from MAS's reduced interest coverage ratio?
MAS proposed a 1.5x minimum ICR for all REITs.
Singapore banks’ net interest margin are past their peaks: S&P
NIMs seen falling by 10 basis points each year over the 2024-2026 period.
MAS ramps up support for AI, quantum push in financial sector
The central bank commits $100 million under FSTI 3.0.
Fintech startup PEXX bags $4.5m in new funding round
It will use the funding for expansion and platform development.
Singaporeans abandon bank applications with long processes: report
One in three will abandon a bank application after 10 minutes.
Natalia Goh is new CEO of Sea’s digital bank
She succeeds Zheng Yudong, who is transitioning to an advisory role.
Fintech firm Partior raises US$60m in Series B round
The firm was incorporated in 2021 with Temasek, DBS and JP Morgan.
Fave Singapore wins major payment institution license from MAS
The firm has over US$1b in transactions across Southeast Asia and India.
Majority of Singapore residents send remittances at least once a year: report
Digital apps were the preferred method of sending money, exceeding global average.
Ex-fund manager jailed for defrauding investors
His actions led investors to suffer US$342,500 in losses, says MAS.
OxPay Financial extends deadline for PT Diners Indonesia investment deal
OxPay is looking to invest $1.5m for a 45% stake in PT Diners.
Read Here
Advertise
Sign Up
Commentary
The future of cross-border commerce isn’t faster shipping – it’s better discovery
Delaying AI investment could become construction's most expensive decision
Can Johor-Singapore SEZ build ASEAN’s shared AI manufacturing ecosystem?
Machine-speed AI mistakes are Singapore’s next governance test
Banks need to rethink identity governance for AI agents
As Singapore broadens retail investing, who moves before the news?
Can controlled sandboxes prepare Singapore organisations for production AI?
What the latest sanctions regimes mean for Singapore businesses
Singapore’s tourism economy depends on security infrastructure most never see
Where does value creation really happen?