Both cities are hosting their fintech events in the same week, with some industry players saying they will go to both. ( read original story ...)
OCBC raises interest rate on 360 savings account again, adding to banks’ competition for deposits
OCBC Bank will again raise the interest rates on its flagship 360 savings account, in the latest move by a lender here to capture a larger slice of the customer deposits pie. Read more at straitstimes ... ( read original story ...)
Singapore reports 2,612 new COVID-19 cases
SINGAPORE, Oct. 31 (Xinhua) -- Singapore reported 2,612 new cases of COVID-19 on Monday, bringing the total tally to 2,102,372. Of the new cases, 305 were detected through PCR (polymerase chain ... ( read original story ...)
Explainer: Why MAS is trialling a digital Singapore dollar and how you can use it
A new form of digital Singapore dollar which can be programmed and used for specific purposes only will be tested at the Singapore Fintech Festival (SFF) this week. ( read original story ...)
Terra Co-Founder Do Kwon Faces $57M Class-Action Lawsuit in Singapore
The Supreme Court of Singapore will this week hold a hearing on a class-action lawsuit filed against Terraform Labs CEO Do Kwon. ( read original story ...)
Singapore FinTech Festival Kicks Off with Over 850 Expert Speakers and 450 FinTech Exhibitors
The seventh edition of the Singapore FinTech Festival (SFF) kicks off today as an in-person event from 31 October to 4 November. Organised by the Monetary Authority of Singapore (MAS) and Elevandi[1], ... ( read original story ...)
Singapore’s central bank to trial digital currency, mulls use as stepping stone to build tech infrastructure
Even as it readies to trial digital currency, MAS noted that the case for a retail central bank digital currency (CBDC) is 'not compelling for now' Analysts point out that retail CBDCs may not be of ... ( read original story ...)
OCBC to raise flagship OCBC 360 account interest rates up to 7.65%
Oversea-Chinese Banking Corporation (OCBC), on Oct 31, announced that it will raise its interest rates for its flagship OCBC 360 account from Nov 1. The revised rates are said to be at an all-time ... ( read original story ...)
Singapore’s DBS Bank trials use of digital SingDollar with vouchers
DBS Bank, the largest lender in Southeast Asia, has partnered the Singapore government’s Open Government Products (OGP) to pilot purpose-bound money-based vouchers (PBM) using tokenized Singapore ... ( read original story ...)
Singapore Business Outlook Turns More Pessimistic
Business sentiment in Singapore's manufacturing sector is to remain negative in the next six months as demand may be dampened by ... ( read original story ...)
Singapore’s UOB to stop backing new upstream oil and gas projects, sets 2050 net-zero targets for polluting sectors
Singapore’s UOB bank will stop backing new upstream oil & gas projects. It also laid out its 2050 net-zero targets for six polluting sectors. ( read original story ...)
Why Indian startups are setting base in Singapore but Flipkart-owned PhonePe isn’t
The Indian payments service provider PhonePe, which is supported by Flipkart, declared earlier this month that it had finished moving its headquarters from Singapore to India. American grocery giant ... ( read original story ...)
Local deep-tech alliance partners Enterprise Singapore on commercialisation programme
As part of Startup SG Accelerator, SDTA will run a nine-month “venture building” programme targeted at experienced founders. ( read original story ...)
Singapore to trial use of digital Singdollar for government payouts and vouchers
SINGAPORE - Four trial projects will be undertaken this year to assess the use of a digital Singapore dollar by individuals, businesses and the Government to make or receive specific payments. The ... ( read original story ...)
What’s the ‘hottest’ investment country in Southeast Asia?
Its digital economy is expected to grow by 22% to $18b in 2022. Singapore is considered to be the “hottest” investment country in Southeast Asia as its digital economy is expected to grow 22% to $18b ... ( read original story ...)
AustAsia passes HKEX listing hearing for trimmed IPO
Indonesian milk company AustAsia has got permission from the Hong Kong Stock Exchange for its public float, cutting its offering from an initial target of $100m to roughly $50m-$70m due to difficult ... ( read original story ...)