Kakao Pay Corp., South Korea’s largest online payment service, lowered its targeted initial public offering to $1.3 billion at the behest of Korean regulators concerned about soaring tech valuations. ( read original story ...)
ANZ, Citi, HSBC and Standard Chartered in the running for MAS digital currency prize
Global banks ANZ, Citibank, HSBC and Standard Chartered are among the 15 finalists selected by the Monetary Authority of Singapore for a competition aimed at overcoming problems in the development of ... ( read original story ...)
Meaningful recovery for hospitality sector likely in 2022: OCBC
OCBC Investment Research expects hospitality REITs to post stronger second-half results. Despite a mixed back of results from top hospitality REITs in the first half of the year, OCBC Investment ... ( read original story ...)
China fintech Linklogis, Standard Chartered in supply chain funding joint venture
Chinese financial technology firm Linklogis and Standard Chartered Bank have formed a joint venture to link institutional investors looking to invest in an alternatives asset class with supply chain ... ( read original story ...)
Standard Chartered and Linklogis launch new finance platform
Disrupting today’s trade finance model Headquartered in Singapore, Olea will be led by SC Ventures' Amelia Ng, with Linklogis' Letitia Chau as deputy CEO. “By marrying Standard Chartered’s ... ( read original story ...)
Scammer ‘boyfriend’ tells woman to transfer S$10K; stopped by OCBC staff
Despite trying three times to transfer money to her “boyfriend,” a woman was denied her request by OCBC staff, thus saving her from a scam. ( read original story ...)
Standard Chartered rolls out its new Olea platform, based on blockchain technology
Copper.co has integrated Elrond's internet-scale blockchain protocol to provide custody services for assets issued on the Elrond blockchain as well as the Elrond token, EGLD. ( read original story ...)
Over 40 brands and 370 selections to choose from at the Largest Online Mooncake Festival hosted by Oddle
Be spoilt for choice with over 40 brands and 370 selections to choose from at the Largest Online Mooncake Festival hosted by Oddle Eats including Pan Pacific, Peony Jade, Goodwood Park and more! This ... ( read original story ...)
Regulation is the ‘first priority’ for Singapore-based digital asset exchange ZipMex: CEO
Marcus Lim, Founder and CEO of ZipMex explains how the company is differentiating itself apart by "being regulated in multiple jurisdictions", and discusses its long-term business strategy. ( read original story ...)
Singapore’s MM2 Asia Agrees Loss-Making Sale of Cathay Cinema Chain
Singaporean entertainment mini-conglomerate mm2 Asia has finalized terms for the sale of Cathay Cineplexes, the country’s third largest cinema chain. The cinema exhibition sector has been badly hurt ... ( read original story ...)
SoftBank-backed ride-hailing firm Ola plans to raise $1 billion in India IPO
Indian ride-sharing firm Ola is planning to raise up to $1 billion through an initial public offering, a source familiar with the situation told CNBC. ( read original story ...)
Singapore Ponders CBDC Release with Shortlist of Companies
The 15 finalists that are chosen will help Singapore build and release a retail central bank digital currency (CBDC). ( read original story ...)
July bank lending up 12% in fastest growth on record: MAS data
Bank lending in Singapore posted the fastest monthly growth on record in July, lifted by unusually strong demand across several business segments and unsecured personal loans.. Read more at ... ( read original story ...)
Covid threatens Singapore’s business hub crown
The Schneuwly's predicament shines a light on the difficult position Singapore's government finds itself in. Its economy has traditionally relied on the many foreigners who live and work in the ... ( read original story ...)
NETS Appoints UOB’s Head of Group Tech and Operations as New Chairman
NETS appointed Susan Hwee, UOB’s Head of Group Technology and Operations as its new Chairman from 1 September 2021 onwards. ( read original story ...)
Stock Market Today: SGX Nifty edges 20 pts lower; Asian markets off to weak start; China’s PMI readings disappoints
China's factory activity expanded at a slower pace in August, as coronavirus-related restrictions and high raw material prices pressure businesses in the world's second-largest economy. The official ... ( read original story ...)