It is designed for medium and large corporations. Citibank Singapore and Visa are launching a cloud-based business-to-business (B2B) platform aimed at addressing complex purchasing requirements for businesses. Dubbed Renepay, the e-procurement platform is ... ( read original story ...)
Banking on boring but safe home mortgages
Last month, a DBS Bank staffer got rather worked up at a tweet which said "UOB has the highest new home loan market share in Singapore, at 31 per cent: CEO". This reporter was contacted and grilled on the matter, such as how UOB made such a claim ... ( read original story ...)
OCBC injects S$600,000 into CSR scheme initiatives
SINGAPORE — OCBC Bank has expanded its corporate social responsibility (CSR) programme #OCBCCares with an additional S$600,000 to support initiatives proposed by its charity partners. The causes range from vulnerable children, youth and families and ... ( read original story ...)
Michelle Wie opens with 66, takes 1-stroke lead at Singapore
SINGAPORE (AP) - Michelle Wie rolled in several clutch putts on Thursday and had six birdies in a 10-hole stretch to take a one-stroke lead after the first round of the HSBC Women's Champions. The 27-year-old Wie, who has struggled with injuries and form ... ( read original story ...)
OCBC rejigs 360 Account again to lure emerging affluent
Read also: Singapore's OCBC Q4 profit slumps to 3-year low on bad debt charges OCBC has also introduced a new rate for what it dubs a "wealth bonus". The new "wealth bonus" refers to an additional interest of 0.6 per cent per year paid to customers who ... ( read original story ...)
Mugabe, 93, flies to Singapore for 'medical review'
Zimbabwean President Robert Mugabe, who celebrated his 93rd birthday last week, flew to Singapore on Wednesday for a "scheduled medical review", his spokesman said. Mugabe appeared frail at his birthday party on Saturday, when he stood for more than an ... ( read original story ...)
DBS CEO says wealth management to account for a fifth of bank's revenue
SINGAPORE DBS Group Holdings Ltd expects to expand its wealth management operations as Asia's wealth grows, accounting for as much as 20 percent of the bank's total income over the next few years, Piyush Gupta, the CEO of Southeast Asia's largest bank by ... ( read original story ...)
NEWSMAKER-DBS CEO says wealth management to account for a fifth of bank's revenue
SINGAPORE, March 2 DBS Group Holdings Ltd expects to expand its wealth management operations as Asia's wealth grows, accounting for as much as 20 percent of the bank's total income over the next few years, Piyush Gupta, the CEO of Southeast Asia's largest ... ( read original story ...)
Newsmaker: DBS CEO says wealth management to account for a fifth of bank
SINGAPORE DBS Group Holdings Ltd expects to expand its wealth management operations as Asia's wealth grows, accounting for as much as 20 percent of the bank's total income over the next few years, Piyush Gupta, the chief executive of Southeast Asia's ... ( read original story ...)
DBS CEO says pain from oil and gas downturn taken in 2016
SINGAPORE (Reuters) - The worst of the pain from the oil and gas downturn was felt by Singapore banks and other lenders in the region in 2016, DBS Group Holdings Ltd Chief Executive Piyush Gupta told a Reuters Newsmaker on Thursday, forecasting an improved ... ( read original story ...)
Mastercard and Singapore’s transport authority test contactless cards while eying mobile payments
in Singapore have teamed up to launch a pilot programme enabling commuters to pay for transit fares using contactless payment cards through an account-based ticketing (ABT) system, reports Paybefore (Banking Technology‘s sister publication). Although ... ( read original story ...)
ERA owners exploring IPO for Singapore's biggest property agency
Northstar Group said it is in the early stage of exploring an initial public offering of Singapore's biggest real estate agency ERA Realty Network, which has turned out to be one of its top-performing investments thus far. But the Singapore-headquartered ... ( read original story ...)
Fitch Rates DBS Bank's Callable Range Accrual Notes 'AA-emr'
(The following statement was released by the rating agency) SINGAPORE, March 01 (Fitch) Fitch Ratings has assigned DBS Bank Ltd.'s (AA-/Stable) USD20m 15-year callable range accrual notes due 13 March 2032 (ISIN: XS1567334666) a rating of 'AA-emr'. ( read original story ...)
Singapore Bourse May Inch Lower Again On Wednesday
(RTTNews.com) - The Singapore stock market has finished lower in three consecutive trading days, dropping almost 45 points or 1.4 percent in that span. The Straits Times Index now rests just beneath the 3,100-point plateau and the market is looking at ... ( read original story ...)
Huge Changes Coming to Singapore Airlines KrisFlyer Effective March 23
American Express, Citibank, Chase, and other banks are advertising partners ... and cash back (and currencies that can be converted into the same). Singapore Airlines KrisFlyer is one of the most valuable frequent flyer programs in the world. ( read original story ...)
What does it mean to declare bankruptcy in Singapore?
The easy availability of credit in Singapore often puts individuals in a situation where they are unable to repay their debts on time. In most instances, the delay is remedied soon enough. You may have to pay late fees or overdue interest along with the ... ( read original story ...)