Category: FINANCE

LONDON: Standard Chartered Plc plans to create two new hubs for its Asian operations in Singapore and Hong Kong to simplify the emerging market lender’s extensive network and reduce costs, people familiar with the plan said. The bank has drawn up plans ... ( read original story ...)

On May 22nd, Thailand’s fifth largest bank by total assets, Ayudhya (Krungsri), in the framework of the successful pilot test, initiated an international remittance transfer from a domestic bank account to a Standard Chartered account in Singapore. ( read original story ...)

In order to make operations simpler, Standard Chartered Plc intends to make two new hubs for its operations in Asia. One hub will be in Singapore while the other will be set up in Hong Kong. Sources said the company hopes to simplify its extensive network ... ( read original story ...)

Bloomberg News reports that the bank has drawn up plans to consolidate as many as 10 Southeast and South Asian countries - potentially including Indonesia and India - under a new Singapore subsidiary as soon as next year, said the people, who asked not to ... ( read original story ...)

Google in Singapore is targeting two broad groups of bank employees: developers with programming backgrounds and digital strategists whose focus is business development. Former Standard Chartered director Guillame Van de Vyver is one of its new hires that ... ( read original story ...)

Pasta Brava is so well-loved by patrons, some have even deemed it one of the best restaurants for true Italian food in Singapore. In its 25 years of ... your kakis be up for the challenge. Download the DBS Lifestyle App on your iPhone or Android Search ... ( read original story ...)

HONG KONG (Reuters) - Oversea-Chinese Banking Corp Ltd (OCBC) plans to set up a wealth management business in China as part of a strategy to double its profit in five years in the country’s so-called Greater Bay Area, its chief executive said. The ... ( read original story ...)

DBS has introduced a new virtual bank recruiter to help its recruiters hire wealth planning managers more efficiently. According to a press statement, Jim, an acronym for “Jobs Intelligence Maestro”, is the brainchild of Singapore start-up Impress.AI ... ( read original story ...)

HSBC has closed a S$500 million five-year asset-backed syndicated facility for Grab, one of the leading O2O mobile platforms in Southeast Asia. The facility has a potential upsize of S$800 million. HSBC acted as sole structuring advisor, mandated lead ... ( read original story ...)

Ride-hailing startup Grab has secured a $370 million five-year asset-backed syndicated facility from HSBC Singapore, said to boost the financing of the homegrown company’s vehicle fleet growth in Singapore. According to a statement by HSBC on Sunday ... ( read original story ...)

Paylah! is a mobile payment solution developed by Development Bank of Singapore (DBS) where transfers are done through a registered mobile number or via QR codes. The app was first introduced as an alternative to internet banking for peer-to-peer transactions. ( read original story ...)

With the inclusion of OCBC and UOB users, more than 11 million cardholders in Singapore will be able to use NETSPay at more than 105,000 acceptance points island-wide. NETSPay users can store up to 10 ATM bank cards on the app, letting them choose between ... ( read original story ...)

SINGAPORE - OCBC Bank and UOB customers can now digitally store their NETS ATM bankcards on the NETSPay mobile app, NETS announced on Monday (June 18). This allows them to make NETS payments through their mobile phones instead of using their physical NETS ... ( read original story ...)