Singapore is lowering the maximum limit on daily CPF withdrawals from $200,000 to $50,000, starting next month. It's also considering giving police the power to restrict a scam victim's banking ...
Revenue-Based Finance Provider Efficient Capital Labs Secures Series A Funding Co-Led by QED and 645 Ventures
Efficient Capital Labs (ECL), one of the leading revenue-based financing providers that provide non-dilutive capital to B2B SaaS companies in the South Asia-U.S. corridor, has announced fundraising of ...
Major Stake Sales and Purchases in PNB Housing Finance
Asia Opportunities V (Mauritius) sold a 3% stake in PNB Housing Finance for Rs 676 crore, while the Government of Singapore acquired 16 lakh shares for Rs 143.74 crore. This transaction reduced Asia ...
DBS and UOB not worried about competition from digital banks
Traditional banks in Singapore have managed to maintain market share in casa growth despite the presence of pure digital banks.
DBS: CDLHT and FEHT likely top beneficiaries of expected Sept rate cuts
DBS experts said that REITs with over 20% of their loans unhedged will see the most immediate gains, as reported by Singapore Business Review. DBS said CDL Hospitality Trusts (CDLHT) and Far East ...
MHA mulls allowing police to restrict victims’ banking transactions to tackle scams
The restriction will be time-limited, meaning the account will be frozen temporarily. Read more at straitstimes.com.
S’pore banks signal pivot to fee income, fixed-rate loans, cash flow hedges as rate cuts loom
Rising and declining interest rates are both double-edged swords for the local banks. As interest rates rise, banks usually re-price their loans faster than deposits. However, as the rising interest ...
DBS Bank pilots blockchain-based government grants
Singapore’s DBS Bank launched a solution that uses blockchain technology to streamline the disbursement of government grants. DBS Bank announced that in the pilot, it collaborated with Enterprise ...
Singapore’s Temasek to issue 2.7b offshore Chinese yuan bond
SINGAPORE - Singapore's state investment firm Temasek will issue 10-year and 30-year offshore Chinese yuan bonds with a total worth of 2.7 billion yuan ($379 million), according to the latest ...
Singapore stocks dip on Thursday—STI dropped by 0.3%
In the broader market, there were 54 gainers compared to 41 losers, with 23.9 million securities traded, valued at S$30.7 million.
Pilot paves way for Singapore to use blockchain to give out government grants to firms
Grants were made out via blockchain to 27 firms under an Enterprise Singapore scheme. Read more at straitstimes.com.
Pilot paves way for Singapore to use blockchain to give out government grants to firms
Grants were made out via blockchain to 27 firms under an Enterprise Singapore scheme. Read more at straitstimes.com.
DBS Tests Blockchain-Based Government Grant Disbursements
DBS has launched a pilot project for programmable grant disbursements in collaboration with EnterpriseSG and the SFA.
Wang Qiming and Liu Kai: Bankers who Orchestrated Singapore’s Biggest Money-Laundering Scandal
Singapore’s reputation as a global financial hub has been shaken by a monumental money-laundering scandal involving two prominent bankers, Wang Qiming and Liu Kai. This case, which has become the ...
PNB Housing Finance falls 3% after Rs 715.60 crore block deal; Asia Opportunities V likely seller
Shares of PNB Housing Finance fell over 3 percent on August 22 after a block deal worth as much as Rs 715.60 crore took place in the counter, with Asia Opportunities V (Mauritius) being the likely ...
Singapore consumers ranked CIMB as the Best Consumer Bank for Customer Service
CIMB Singapore has been voted top consumer bank for customer service in The Straits Times "Singapore's Best Customer Service Survey 2024/25". This is the second consecutive year that CIMB has been ...