Only institutions licensed as “major payment institutions” under the Payment Services Act will be eligible, the Monetary Authority of Singapore said today (November 30). They could be given access to ... ( read original story ...)
Singapore to open payment rails for NFIs like GrabPay, Razer Fintech, Singtel Dash
The framework will allow major payment institutions to connect directly to PayNow, Singapore’s national fund transfer service. ( read original story ...)
Non-Banks In Singapore To Get Access To Real-Time Payment Rails
Non-bank lenders in Singapore will soon be granted access to the country's digital payments platforms PayNow and FAST. ( read original story ...)
Singapore PM appears in court over case tied to founding family feud
Singapore’s prime minister has appeared in court, marking the latest step of a rare public fight between members of the city-state’s founding family over the legacy of Lee Kuan Yew. Lee Hsien Loong, ... ( read original story ...)
Baby In Singapore Born With COVID-19 Antibodies
A baby in Singapore was born with COVID-19 antibodies months after his mother fell ill with the virus. The pregnancy journey of a family in Singapore was not an easy one. Celine N ... ( read original story ...)
Ant IPO Has Slim Chance of Getting Done Next Year
The chances that Jack Ma’s Ant Group Co. will be able to revive its massive stock listing next year are looking increasingly slim as China overhauls rules governing the fintech industry, according to ... ( read original story ...)
The Best Christmas Log Cake Promotions in Singapore (2020)
Christmas log cakes aren't cheap, especially if you buy the really nice, glossy ones from hotels. For example, the Yule logs pictured here, from Mandarin Orchard, cost about $80 per 1kg log cake. Of ... ( read original story ...)
UOB secures more than S$3 billion of foreign direct investment into Vietnam in alliance with its Foreign Investment Agency
UOB is stepping up its efforts to help companies seize opportunities in the region's fastest-growing economy, Vietnam [1], after securing more than S$3 billion of foreign direct investment (FDI) into ... ( read original story ...)
Singapore’s DBS says has completed takeover of Lakshmi Vilas Bank
Singapore's DBS Group DBSM.SI said on Monday it had completed its takeover of distressed Lakshmi Vilas Bank, helping it shift from a largely digital presence in India to having hundreds of branches. ( read original story ...)
Singapore’s DBS completes LVB takeover, big boost to India operations
It is a major step forward for DBS Bank India, which will now take over all the branches of LVB — a move that will help it to expand its footprint in India. Earlier, DBS Bank India mostly had a ... ( read original story ...)
Singapore Studies COVID-19 Pregnancy Puzzle After Baby Born With Antibodies
Doctors are studying the impact of COVID-19 on pregnant women and their unborn babies in Singapore, where an infant delivered by an infected mother earlier this month had antibodies against the virus ... ( read original story ...)
More expats from Hong Kong turning to Singapore property market
Of the total sales registered in the first nine months of 2020, 260 units were snapped up by foreigners. Buyers from China or Hong Kong accounted for 75% of foreign buyers. ( read original story ...)
LVB customers to get same deposit rates till further notice, says DBS
All Lakshmi Vilas Bank customers will continue to get interest rates on savings bank accounts and fixed deposits as offered by the erstwhile LVB till further notice, DBS said in a ... ( read original story ...)
Singapore gives non-banks access to e-payment platforms
Monetary Authority of Singapore will allow eligible non-bank financial institutions to have direct access to PayNow and FAST, enabling e-wallet users to make funds transfers between bank accounts and ... ( read original story ...)
JPMorgan Doubling Singapore Private Bankers for Rich Chinese
JPMorgan Chase & Co. plans to double the number of private bankers serving Chinese clients from Singapore over the next two years, signaling its ambition to tap growth from Asia’s second-largest ... ( read original story ...)
Singapore experts studying effect of COVID on unborn babies
Doctors are studying the impact of COVID-19 on unborn babies in Singapore, where an infant delivered by an infected mother earlier this month had antibodies against the virus but did not carry the ... ( read original story ...)