The three largest Singapore-listed banks are expected to report another quarter of lackluster financial results due to the coronavirus pandemic and ultra-low interest rates globally. ( read original story ...)
PREVIEW-Singapore banks’ results to reflect double whammy of low rates, weak growth
Singapore banks are likely to report their average net interest margins fell the most quarter-on-quarter in 18 years as interest rates weakened, while profits on the year are seen taking a hit from ... ( read original story ...)
DBS supports IRAS in digital payment implementation
As part of the nation’s drive to adopt digital contact-free payments, DBS Bank has been collaborating with government agencies such as the Inland Revenue Authority of Singapore (IRAS) to integrate ... ( read original story ...)
GIC bets more on Bandhan Bank as Temasek joins in
Singapore sovereign wealth fund GIC Pte Ltd has increased its stake in Bandhan Bank while its sister concern Temasek Holdings has also picked up a stake in the private-sector lender. Chandrashekhar ... ( read original story ...)
Singapore to set up Asian digital finance research institute by end-2020
SINGAPORE - A new research institute will be set up by the end of the year to drive education, research and entrepreneurship in digital finance in the region. The institute, called the Asian Institute ... ( read original story ...)
Singapore sets up research institute to boost fintech capabilities
The new Asian Institute of Digital Finance (AIDF) will be jointly established by industry regulator Monetary Authority of Singapore (MAS), National Research Foundation (NRF), and National University ... ( read original story ...)
Iras offers PayNow QR as payment option on myTax portal
SINGAPORE (THE BUSINESS TIMES ... mobile apps from participating PayNow banks and complete the payment in real time. These banks are DBS, POSB, Bank of China, HSBC, Maybank, Citi, ICBC, OCBC Bank, ... ( read original story ...)
Singapore startup seeks to give solar power a competitive edge
A Singapore startup is seeking to connect potential buyers and sellers of solar power directly. Electrify Pte Ltd’s platform lets owners of homes and businesses bid and offer rates for specific ... ( read original story ...)
Singapore banks’ results to reflect double whammy of low rates, weak growth
Singapore banks are likely to report their average net interest margins fell the most quarter-on-quarter in 18 years as interest rates weakened, while profits on the year are seen taking a hit from ... ( read original story ...)
MAS to boost scheme for foreign banks with deep roots here
The Monetary Authority of Singapore (MAS) will enhance a scheme such that foreign banks with a deep presence in Singapore could one day be allowed to open digital-only banks as a separate unit with ... ( read original story ...)
Singapore FinTech Festival x SWITCH 2020 to feature week long event
Singapore FinTech Festival x SWITCH 2020 to Feature Digital and Physical Experiences Over Week-Long Event The Monetary Authority of Singapore (MAS) and Enterprise Singapore announced that the Singapor ... ( read original story ...)
DBS collaboration with CPF to bolster Singaporeans’ retirement plans
DBS collaboration with CPF to bolster Singaporeans' retirement plans and financial resilience amid tough times DBS launches new solutions will include retirement tool in NAV Planner and a retirement p ... ( read original story ...)
UOB launches digital bank TMRW in Indonesia
SINGAPORE (THE BUSINESS TIMES) - United Overseas Bank (UOB) on Monday (Aug 3) launched its digital bank TMRW in Indonesia.. Read more at straitstimes.com. ( read original story ...)
Singtel chairman Simon Israel steps down after 9 years
Simon Israel has stepped down as chairman of Singapore Telecommunications (Singtel) after nine years in the role.. Read more at straitstimes.com. ( read original story ...)
Singapore stock watch: Keppel, SGX, SIA, DBS, OCBC, UOB
The following companies saw new developments that may affect trading of their securities on Monday (Aug 3):. Read more at straitstimes.com. ( read original story ...)
StanChart named Singapore’s first significantly rooted foreign bank as MAS enhances scheme
SINGAPORE - The Monetary Authority of Singapore (MAS) on Monday (Aug 3) named Standard Chartered Bank (Singapore) the first Significantly Rooted Foreign Bank (SRFB) here, allowing it to operate up to ... ( read original story ...)