SINGAPORE (Reuters) - Singapore is grappling with a controversy that refuses to go away, a month after rainwater flooded a tunnel of its mass rapid transit (MRT) service, leading to the partial suspension of train runs at weekends. A rare public apology by ... ( read original story ...)
MUFG seeks 40 pct of Indonesia’s Bank Danamon in SEAsia push -sources
TOKYO/SINGAPORE, Nov 9 (Reuters) - The core unit of Mitsubishi UFJ Financial Group (MUFG) is looking to buy a 40 percent stake in Bank Danamon Indonesia for around 200 billion yen ($1.75 billion), a person with direct knowledge of the talks told Reuters on ... ( read original story ...)
Japan’s MUFG seeks US$1.8b Bank Danamon stake in SE Asia push, sources say
MUFG, through its core unit Bank of Tokyo-Mitsubishi UFJ, intends to buy Danamon shares from Singapore state investor Temasek Holdings, a major shareholder, said two sources, who declined to be named as the talks were not public. Faced with sluggish growth ... ( read original story ...)
OCBC selling health insurance plan via its mobile, Internet banking channels
SINGAPORE - OCBC Bank on Thursday (Nov 9) said it is offering a new way of buying health insurance through digital channels. It has rolled out a product called Early Cancer Care, the first health insurance product sold through OCBC's mobile and Internet ... ( read original story ...)
MUFG seeking to buy 40 percent of Indonesia’s Bank Danamon from Temasek – sources
TOKYO/SINGAPORE (Reuters) - The core unit of Mitsubishi UFJ Financial Group (MUFG) (8306.T) is looking to buy a 40 percent stake in Bank Danamon Indonesia (BDMN.JK) for around 200 billion yen (1.34 billion pounds), a person familiar with the matter told ... ( read original story ...)
Japan’s MUFG seeks $1.8 billion Bank Danamon stake in SE Asia push: sources
TOKYO/SINGAPORE (Reuters) - Mitsubishi UFJ Financial Group (MUFG) is in talks to buy a 40 percent stake in Bank Danamon Indonesia for around 200 billion yen ($1.75 billion), a person with direct knowledge of the talks told Reuters on Thursday. MUFG ... ( read original story ...)
MUFG seeks to buy 40% of Bank Danamon from Temasek
TOKYO/SINGAPORE: The core unit of Mitsubishi UFJ Financial Group (MUFG) is looking to buy a 40% stake in Bank Danamon Indonesia for around 200 billion yen (58 billion baht), a person familiar with the matter told Reuters on Thursday. Bank of Tokyo ... ( read original story ...)
Tesco harnesses the power of the iPhone X’s Face ID for mobile banking
Tesco Bank isn’t the only financial services company to harness the power of Face ID. OCBC Bank in Singapore has launched OneLook, which uses facial recognition technology to enable payments and view account information through the bank’s app. ( read original story ...)
Former bank officer charged with forging tax documents to get $7.7m in housing loans for clients
SINGAPORE - He allegedly forged income tax documents to make the bank believe that his clients were earning a higher annual income or had enough cash to qualify for housing loans. On Thursday (Nov 9), former bank officer Paul Liew Ziguang, 30, was charged ... ( read original story ...)
Singapore healthcare providers must soon contribute to national electronic records
Singapore will introduce a new bill mandating all healthcare providers in the country to contribute to the national electronic health record system (NEHR). Launched in 2011, the system was developed to create a central database from which clinical summary ... ( read original story ...)
Another Singapore Chili Crab Restaurant Is Going Public
Singapore seafood hawkers have been competing for decades in the city-state’s notoriously cutthroat culinary scene. Now they’re vying for the favor of stock market investors. Investors are already lining up for No Signboard’s offering. Local ... ( read original story ...)
Singapore Stocks May Extend Winning Streak
(RTTNews.com) - The Singapore stock market has finished higher in back-to-back trading days, advancing almost 40 points or 1.2 percent along the way. The Straits Times Index now rests just above the 3,420-point plateau and it may add to its winnings on ... ( read original story ...)
Singapore’s Restalyst develops new method to improve liver cancer diagnosis
SINGAPORE, Nov. 9, 2017 /PRNewswire/ -- Singapore biomedical firm Restalyst has developed a new algorithm to detect liver cancer more accurately, improving the sensitivity to 90%. The new methodology looks at three factors: membrane bound protein ERBB3 ... ( read original story ...)
Singapore’s DBS ‘cleans’ its oil and gas loan book
SINGAPORE DBS Group Holdings has "cleaned" its oil and gas loan book and expects no more provisions, Chief Executive Piyush Gupta said on Nov. 6, noting that the bank reported a 25% decline in July-September net profit from a year ago. "We have been ... ( read original story ...)
Luxury first-class suites coming to Singapore Airlines A380s
Luxury suites are coming to Singapore Airlines’ fleet of A380s. Starting in December, the carrier will offer passengers the option of flying in six suites configured on the plane’s upper deck. “Intimate privacy” is how the the airline describes the ... ( read original story ...)
Singapore’s central bank chief thinks of fintech as “another hype”
Singapore’s central bank chief Ravi Menon warned against the wave of technology that’s is currently disrupting the financial services industry, calling such “another hype” in which he does not fully believe. He said in an interview with Bloomberg ... ( read original story ...)