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Tag: banking

Posted on 01/08/2023

Global and Singapore fintech funding reduced, alongside dip in late stage funding, given rising interest rates and economic headwinds

Within the crypto space globally, Singapore has gained prominence among investors and startups as a strong forerunner. This comes as the nation has in place regulations such as the Payment Services ...

Posted on 01/08/2023

Insurance veteran to run for Singapore’s presidential seat

He became CEO of Income Insurance (formerly NTUC Income) up until 2007. Finance and insurance veteran, Tan Kin Lian, announced in a social media post his application for a certificate of eligibility ...

Posted on 01/08/2023

OCBC customers can use banking app to pay via UnionPay QR code in Thailand, M’sia, China & other markets from Aug. 4

OCBC customers will be able to use their OCBC Digital app to easily pay UnionPay QR-enabled merchants in 47 markets, including Singapore, starting Aug. 4, 2023.

Posted on 01/08/2023

OCBC launches UnionPay QR feature for cross-border payments

OCBC Digital banking app users will be able to make cross-border retail payments in 47 markets, using a new UnionPay QR feature that is slated to launch on Aug 4. Read more at The Business Times.

Posted on 01/08/2023

Oriana Power IPO: Find GMP, price band, subscription, key investors and other details here

The company will deploy the proceeds towards meeting its working capital requirements, investment in subsidiaries, capital expenditure ...

Posted on 01/08/2023

Singapore PM Lee Hsien Loong to address political scandals in Parliament on Wednesday (Aug 2)

Singapore’s Prime Minister Lee Hsien Loong will address the ongoing graft investigation involving Transport Minister S. Iswaran and property billionaire Ong Beng Seng in parliament on Wednesday (Aug 2 ...

Posted on 01/08/2023

OCBC collaborates with UnionPay QR to expand cross-border payment options

This scan-and-pay feature is the result of an agreement signed between OCBC and UnionPay International (UPI) in April 2023, and is the latest cross-border payment collaboration for OCBC.

Posted on 01/08/2023

Singapore’s GIC sets sights on Vietnam, India, and Indonesia

Singapore's sovereign wealth fund, GIC, is shifting its investment strategy to focus more on emerging markets like India, Indonesia, and Vietnam.

Posted on 01/08/2023

DBS shares its secret to becoming AI-fuelled

The bank currently has more than 300 AI and machine learning use cases, which helped with revenue uplift and cost avoidance.

Posted on 01/08/2023

Depreciating RMB ‘throwing salt’ on CapitaLand China Trust’s ‘recovering wounds’, 1HFY2023 DPU down 8.8% y-o-y: DBS

Divestment will continue to feature strongly within CLCT’s retail segment among older non-core retail assets, say DBS’s analysts.

Posted on 01/08/2023

Switzerland and Singapore deepen partnership to chart fintech’s future

WHEN regular trade between Singapore and Switzerland kicked off in the 1830s, it was not clocks and watches but Swiss-made sarongs – brightly-coloured woven and printed textiles – that were the main ...

Posted on 01/08/2023

World Leaders to Descend on Singapore for the 10th Milken Institute Asia Summit, Celebrating a Decade of Progress, Action, and Impact

Milken Institute Asia Summit, taking place from September 13 – 15, will convene regional and global leaders to discuss a wide range of issues and challenges shaping the Asia Pacific region, including ...

Posted on 01/08/2023

Tech firms still the second largest driver of office demand in Singapore

This sector accounted for a fifth of new leases in H1. According to Cushman and Wakefield, financial and professional services firms in Singapore have partially offset a slowdown in tech office demand ...

Posted on 01/08/2023

Banks to charge for use of Singdollar cheques by Nov 1, to stop taking corporate cheques by end-2025

DBS, OCBC, UOB, Citibank, Maybank, Standard Chartered and HSBC – will start charging for the use of Singapore dollar-denominated cheques by Nov 1. Read more at The Business Times.

Posted on 01/08/2023

More businesses in Singapore going cashless despite resistance

SINGAPORE: Cash piling up seems like the ideal outcome for any business, but restaurateur Guy Wachs found the process of collecting, counting and banking all those notes and coins so time-consuming ...

Posted on 01/08/2023

Singapore Bourse May Be Stuck In Neutral On Tuesday

The Singapore stock market has moved higher in five straight sessions, gathering more than 100 points or 3.2 percent along the way.

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