Temasek picks 5% in AU Small Finance for Rs 1,000 cr

AU Small Finance Bank, today said Singapore-government owned investment firm, Temasek, has picked up 5 percent stake in the bank for Rs 1,000 crore. The company said this transaction would be one of largest primary capital infusions in the bank. ( read original story ...)

Time to beat Singapore, says Guan Eng

CYBERJAYA, June 19 — It was time Malaysia beat Singapore at its own game and gave the island nation healthy economic competition, Finance Minister Lim Guan Eng said today. Speaking to entrepreneurs at the launch of the Malaysian Global Innovation and ... ( read original story ...)

OCBC, UOB join NETSPay mobile app

SINGAPORE • OCBC Bank and United Overseas Bank (UOB) customers can now digitally store their Nets ATM bank cards on the NETSPay mobile app, Nets announced yesterday. This allows them to make Nets payments through their mobile phones instead of using ... ( read original story ...)

OCBC and UOB tap NETS for mobile and online payments

According to a report, there are about 60,000 NETS QR acceptance points available for mobile payments. “Mobile payments are gaining steam in Singapore, with increasing levels of awareness and the government’s push for a cashless society,” OCBC Bank ... ( read original story ...)

Singtel Launches Singapore’s ‘First’ Mobile Leasing Plans

Singtel has launched what it claims is Singapore’s first mobile leasing plans that will allow its SIM Only customers to rent out the latest Apple and Samsung phones for a monthly fee instead of purchasing them upfront. Customers on SIM Only plans can ... ( read original story ...)

Could the Johor rail link push Woodlands property prices down?

Meanwhile, commercial property investors might also smell an opportunity here. 3. Private residential development in Woodlands The area to the north-west of the upcoming Singapore RTS terminus has also been demarcated for housing. This is part of a larger ... ( read original story ...)

Man fined S$3,500 for importing a live tortoise

The animal is a protected species under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) and a permit is required for any import, export and re-export of CITES-listed species in Singapore. The live tortoise ... ( read original story ...)

Singapore Set to Cut Cash, Cheques on Path to Digital Economy

(Bloomberg) -- Singapore sets targets to reduce cash and cheque usage as it prepares to allow companies to use its digital payments service in a move towards digital economy. Cheque will no longer be in use by 2025 while cash withdrawals from automatic ... ( read original story ...)