Singapore extends loans to troubled oil-linked companies

They can now borrow for up to $5m. The Ministry of Trade and Industry announced the enhancement to IE Singapore’s Internationalisation Finance Scheme (IFS) and the reintroduction of SPRING’s Bridging Loan (BL) for companies in the Marine and Offshore ... ( read original story ...)

Singapore’s first fintech festival

co-hosted the event with the Association of Banks in Singapore (ABS). It featured sponsors such as Citibank, UOB, MasterCard and Deloitte. The key programmes of the event included the Innovation Lab Crawl, RegTech Forum, FinTech Hackcelerator ... ( read original story ...)

Singapore's auto sales could contract from 2017

Hitting a 137,597-unit peak level seen a decade ago now unlikely. Total vehicle sales in Singapore will begin a period of decline from 2017 to 2020 on the cyclical nature of the market, which is driven by age limits on vehicles and the Certificate of ... ( read original story ...)

Singapore and UOB to boost trade for Singapore companies

The International Enterprise (IE) Singapore and the United Overseas Bank (UOB) signed a Memorandum of Understanding to help more Singapore companies in cross-border trade and internationalization. This collaboration taps the rising potential of ASEAN ... ( read original story ...)

Singapore tops Asian digital transformation index

The EIU’s ‘Connecting Capabilities’ report shows Singapore is leading the way in Asian Digital Transformation Index. It notes that the city-state’s strong performance is primarily due to its well-developed digital infrastructure, as well as a ... ( read original story ...)

Singapore inflation down 0.1% in October

Smaller drag from oil-related items offset lower food and services inflation. Singapore inflation has fallen 0.1% in October, compared to the 0.2% fall in September. This came as a smaller drag from the cost of oil-related items more than offset lower food ... ( read original story ...)

OCBC establishes US$10b global covered bond programme

OVERSEA-CHINESE Banking Corporation (OCBC) has established a US$10 billion global covered bond programme that will be available to certain non-US investors outside of the US. This programme, announced in a filing to the Singapore Exchange on Wednesday ... ( read original story ...)