With an initial deposit of $5,000 and above, the interest paid per annum is 0.3 per cent for a tenure of 12 months.. Read more at straitstimes.com. ( read original story ...)
UOB reopens Singapore’s covered bond market
In the first such issue from Singapore since 2018, UOB has brought a covered bond that is not only the city-state’s largest ever, it is also its first with a negative yield. ( read original story ...)
DBS makes over $800 million in loans to micro enterprises in digital banking push
The move is part of a broader plan to enhance its digital banking services amid greater competition.. Read more at straitstimes.com. ( read original story ...)
Single platform to view all bank accounts, investments
Singaporeans with more than one bank account will soon be able to view all their funds and investments in one place online instead of having to visit each bank or its website. They can consent to ... ( read original story ...)
Singapore banks unveil tougher commodity finance standards after fraud scandals
Singapore’s banks have finalised a code of best practice for the provision of trade finance to the commodities sector, after a string of fraud scandals left lenders with significant financial losses. ( read original story ...)
Seamless banking for Singaporeans on single platform
Singaporeans with more than one bank account will soon be able to view all their funds and investments in one place online, instead of having to visit each bank or its website. ( read original story ...)
Singaporeans can soon view their bank accounts and investments on a single platform
Singaporeans with more than one bank account will soon be able to view all their funds and investments in one place online, instead of having to visit each bank or its website.. Read more at ... ( read original story ...)
Thailand is set to dominate Southeast Asia’s IPO market in 2020, says Deloitte
Thailand’s IPOs have contributed more than 60% of the $6.44 billion in total funds raised across Southeast Asia as of Nov. 15, Deloitte data showed. ( read original story ...)
Today In Payments: Singapore Non-Banks Access Real-Time Payments; Airbnb, DoorDash Seek Higher IPO Valuations
In today's top news, Singapore's non-bank lenders will soon have access to PayNow and FAST, and Airbnb and DoorDash are seeking higher-than-expected IPOs. ( read original story ...)
DoorDash aims to double valuation in much-awaited IPO
DoorDash Inc said on Monday it is aiming to raise up to $2.8 billion in an initial public offering (IPO), which could double the value of the U.S. food delivery startup and be one of 2020’s largest ... ( read original story ...)
Singapore non-bank firms can use real-time payments systems – MAS
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 ...)
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 ...)