SMALL and medium-sized enterprises (SMEs) can now get access to up to S$300,000 of working capital through DBS’ new artificial intelligence (AI) driven solution, which was launched on Tuesday (Oct 18) ... ( read original story ...)
Elderly woman in dispute with DBS over $100k in losses for terminating insurance policy early
Dispute centres on whether she was naive housewife tricked into making unwise investments or if it is a case of buyer’s remorse. Read more at straitstimes.com. ( read original story ...)
DBS offers SMEs up to S$300,000 financing with DBS Quick Finance
Customers can choose between an overdraft or a loan. DBS has launched DBS Quick Finance, an AI-driven working capital solution to extend working capital and cashflow support. The bank will reach out ... ( read original story ...)
Sanctioned Myanmar tycoons find shelter in Singapore
Frangipani plants and coconut trees front the three-story villa on Sentosa Island where Myanmar tycoon Tay Za stays when he’s in Singapore. It’s one of two houses his family owns in a development ... ( read original story ...)
India emerging as key investment destination for Singapore
India has been identified as a key investment destination by Singapore and its official investment arm – Enterprise Singapore encouraging local companies to invest in India. EnterpriseSG is a ... ( read original story ...)
Stock Market Live Updates: SGX Nifty signals a positive start; Asian shares trade higher
Oil prices steadied in early Asian trade on Tuesday as a weaker U.S. dollar lent support, although rising shale production and fears that stubbornly high inflation could lead the world economy into a ... ( read original story ...)
Singapore Private Banking industry takes the lead in developing industry guidelines on sustainable private banking and wealth management practices
Sustainability Taskforce, in consultation with the Institute of Banking and Finance Singapore (IBF) and the Monetary Authority of Singapore (MAS), has developed a common industry training benchmark to ... ( read original story ...)
Singapore digital wealth platform Endowus acquires Hong Kong wealth manager Carret Private
The merged group, with combined client assets of US$4 billion, will officially launch operations in Hong Kong by the end of the year. ( read original story ...)
Singapore: MAS tightens its monetary conditions – UOB
Head of Research at UOB Group Suan Teck Kin, CFA, and Senior FX Strategist Peter Chia review the latest decision by the MAS. Key Takeaways “The Monetary Authority of Singapore ( ... ( read original story ...)
Abu Dhabi’s Injazat signs initial pact with Singapore’s trade tech body
Injazat, a technology company that is part of Abu Dhabi’s G42, has signed a preliminary agreement with Singapore’s tech trade association SGTech to collaborate on technology sharing and forging new ... ( read original story ...)
UOB raises fixed deposit rates, nearing Nov 1998 peak of 3.11%
In a statement on Oct 3, UOB claims these are the highest rates among the three local banks. To enjoy UOB’s promotional rates, customers must deposit fresh funds of at least $20,000. For its more ... ( read original story ...)
Lee exits from Standard Chartered
Valerie Lee, head of debt syndicate for Asean and south Asia at Standard Chartered, has left the lender, GlobalCapital Asia understands. Her last day with the bank was on1. Singapore-based Lee is ... ( read original story ...)
DBS joins LCH’s SwapClear service in Singapore
By joining SwapClear as a direct member, DBS will be able to post Singapore government bonds as collateral, marking the first time a global offshore clearing house has accepted this asset class as ... ( read original story ...)
Singapore-based insurtech company secures Series B investment led by Tokio Marine
Singapore-based insurtech company, bolttech, says it has secured its Series B investment on Oct 17. The round was led by Tokio Marine, which invested US$50 million ($71.3 million) in the round. The ... ( read original story ...)
Stock Market LIVE updates: Nifty and Sensex likely to make a gap-down start today amid negative global cues
Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to make a gap-down start on Monday tracking weak global cues across global markets. Singapore Exchange Nifty futures, an early indicator ... ( read original story ...)
Singapore unveils industry guidelines for sustainable private banking
The industry group sustainability taskforce has also developed a training benchmark. The Association of Banks in Singapore (ABS) has launched the ABS Sustainable Private Banking and Wealth Management ... ( read original story ...)