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Tag: banking

Posted on 03/11/2022

Standard Chartered to tokenise trade finance in Singapore digital asset pilot

Standard Chartered is launching a trade finance tokenisation pilot as part of a Monetary Authority of Singapore (MAS) initiative that is exploring the economic potential and value-adding use cases of ...

Posted on 03/11/2022

Singapore: DBS Tests FX Trading, Government Securities Using Blockchain

DBS, a Singapore-based financial institution that operates across Asia, has announced that it has utilized permissioned DeFi liquidity pools on a public ...

Posted on 02/11/2022

Manali Petrochemicals to invest $35 million in Singapore subsidiary

Manali Petrochemicals Limited (MPL) on Wednesday said its Board has approved an additional investment of up to $35 million in its wholly-owned subsidiary AMCHEM Speciality Chemicals Private Limited, ...

Posted on 02/11/2022

Singapore’s factory activity contracts for second straight month

SINGAPORE - October’s factory activity contracted for the second consecutive month while the electronics sector pulled back for the third straight month, suggesting a continued deterioration in ...

Posted on 02/11/2022

No IPO But Online Giant Shein To Open Tokyo Store This Month

Earlier this year the company expanded its Singapore office after making a Singapore firm its de facto holding company, amid a flurry of filings by the online fast-fashion retailer, plus reports that ...

Posted on 02/11/2022

Singapore’s Central Bank Experiments with DeFi to Transform Capital and Bond Markets

The pilot, the first of its kind, was completed under MAS’ Project Guardian initiative that explores potential DeFi applications in wholesale funding markets. Under the pilot, three global banks, ...

Posted on 02/11/2022

Consolidated view of insurance policies now available on Singapore Financial Data Exchange

Users of the Singapore Financial Data Exchange (SGFinDex) will now be able to see at a glance all their insurance policies from different insurers.

Posted on 02/11/2022

Consolidated view of insurance policies now available on SGFinDex

Users of the Singapore Financial Data Exchange (SGFinDex) will now be able to see at a glance all their insurance policies from different insurers.

Posted on 02/11/2022

Singapore’s UOB completes deal for Citi’s Malaysia, Thailand retail banking ops

Citigroup said on Tuesday it had completed the sale of its Malaysia and Thailand retail banking businesses to Singapore's United Overseas Bank (UOB) in a transaction expected to result in a regulatory ...

Posted on 02/11/2022

Singapore’s Wong stresses ‘responsible’ fintech as crypto stance diverges from Hong Kong’s

The PM-in-waiting said there should be 'no doubt' that the city state was 'fully' embracing emerging technologies such as Web3 and distributed ledgers But a healthy level of 'constructive paranoia' ...

Posted on 02/11/2022

UOB completes buying Citi’s M’sia consumer banking ops

Announcing the completion of its Malaysia and Thailand acquisitions, United Overseas Bank Ltd (UOB) said it is working towards a smooth transition of Citigroup’s consumer banking units with a plan for ...

Posted on 02/11/2022

Singapore’s red-hot property prices ‘under control’ amid record US$317 billion of inflows, says central bank chief

Singapore’s central bank chief says its capital and financial markets can handle the record inflows – much of it from North Asia, including China. ‘There’s so much money coming in, you can choose’.

Posted on 02/11/2022

Stock Market LIVE Updates: SGX Nifty futures indicate muted start ahead on Dalal Street

Indian equity benchmarks BSE Sensex and NSE Nifty50 are expected to open on a muted note on Wednesday amid weak global cues, halting a four-session-long winning run. Singapore Exchange Nifty futures, ...

Posted on 02/11/2022

Stock Market Live Updates: SGX Nifty signals a negative start; Asian shares trade mixed

Nifty futures on the Singapore Exchange traded 23.5 points, or 0.13 per cent, lower at 18,231.50, signaling that Dalal Street was headed for a negative start on Wednesday. Headline equity index Nifty ...

Posted on 02/11/2022

SGX Nifty sheds 18 pts. Fed outcome, Q2 results, Fusion Micro IPO & more

Nifty futures on the Singapore Exchange quoted 18 points, or 0.10 per cent, lower at 18.237, hinting at a muted start for the domestic market on Wednesday.

Posted on 02/11/2022

Share Market LIVE: Nifty, Sensex may open flat amid mixed cues, Fusion Micro Finance IPO opens; Fed meet eyed

Fusion Micro Finance IPO will open for bidding today (2 November), and the closing date would be 4 November. The price band for the public issue has been fixed at Rs 350-368 per share. The face value ...

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