UnionPay, mainland China's dominant bank card clearing service provider, said in a statement on Monday that Huawei Pay would work with a large number of merchants, including supermarket group NTUC ... ( read original story ...)
Singapore stock watch: ST Engineering, Keppel Infra Trust, Jardine C&C, Centurion, Keong Hong
The following companies saw new developments that may affect trading of their securities on Tuesday (April 21): Singapore Technologies Engineering (ST Engineering): The group's aerospace and ... ( read original story ...)
Singapore Police Probe Hin Leong After $800 Million Oil Losses
The troubles facing Singaporean oil trading firm Hin Leong deepened as the city-state’s police have started investigating the company.The probe, which the Singapore Police Force confirmed by email, is ... ( read original story ...)
Facebook, three Indonesian firms in early talks for mobile payment approval-regulator
Three Indonesian digital fintech firms are working with Facebook Inc to apply for regulatory approval to launch mobile payments in the country, an official at the financial regulator said. The plan, ... ( read original story ...)
Singapore warns political parties of cybersecurity threats and election interference
Singapore must look beyond online falsehood laws as elections loom Country's government is missing the point with its use of correction directives, when it should be looking more closely at how the ... ( read original story ...)
Former Singapore Billionaire Lim’s Oil Giant Files For Bankruptcy
Hin Leong Trading (HLT), one of Singapore's largest independent oil traders, said that it failed to declare "about $800 million in futures losses over the years,” Reuters reported, citing a court ... ( read original story ...)
Oil, Singapore, Nova Scotia: Your Monday Evening Briefing
Good evening. Here’s the latest. 1. Something bizarre happened in the markets today: The price of a barrel of oil went negative. That has never happened before, and it was a sharp turnaround from ... ( read original story ...)
16 new phones coming out in 2020: iPhone 12, Galaxy Fold 2 and more
Despite changes to the smartphone supply chain, we still expect to see these phone releases in the coming months. ( read original story ...)
DBS’s Gupta pans banks’ dividend cuts, sees Covid-19 as threat to all
Piyush Gupta, head of Singapore’s DBS Bank, tells Euromoney that scrapping dividends now is a mistake, discusses the mental stress of working from home, and says a multi-year recovery will hit banks ... ( read original story ...)
Singapore reports a record 1,426 new cases, total past 8,000
Singapore reported a record 1,426 new coronavirus cases on Monday, mostly among foreign workers, pushing its total number of confirmed infections to 8,014. The tiny city-state now has the highest ... ( read original story ...)
Asia Today: India, Singapore see record numbers of new cases
India and Singapore announced their biggest single-day spikes in new coronavirus cases on Monday, as the crisis intensifies in parts of Asia. India's spike came after the government eased one of the ... ( read original story ...)
ABN Amro Files Claims Against Singapore’s Troubled Oil Firm
ABN Amro Bank NV has become the latest lender to make a claim against a Singapore oil trading giant that filed for protection from creditors amid a plunge in oil prices. ( read original story ...)
Coronavirus: Local banks committed to interest rate between 2% and 3% for SME lending with new MAS facility
Over at United Overseas Bank (UOB),the head of group business banking Lawrence Loh noted that the value of loans provided to businesses with turnover of less than $20 million increased by 3.5 times ... ( read original story ...)
Singapore Seemed to Have Coronavirus Under Control, Until Cases Doubled
The spread suggests that it is unrealistic for the United States, Europe and the rest of the world to return to the way they were anytime soon, even if viral curves appear to flatten. ( read original story ...)
Coronavirus gives 60% boost to mobile streaming in South-East Asia
Online video weekly minutes on mobile devices leaped by 60% in aggregate across in Southeast Asia, as the coronavirus pandemic sparked lockdowns and stay at home orders. According to a survey ... ( read original story ...)
Chinese holographic AR firm WiMi IPOs, sees real profit in virtual future
The coronavirus lockdown turned WiMi’s IPO roadshow into an all-digital affair – although that may have done ... it turned out to be something of a damp squib for the founders of a company whose early ... ( read original story ...)