Foreign visitors will be allowed to buy inbound travel insurance coverage for COVID-related costs incurred in Singapore, the Changi Airport Group (CAG) and the Singapore Tourism Board (STB) announced. ( read original story ...)
Singapore, Philippine central banks partner for data connectivity
They hope to boost cross-border data transfer and risk management. The Monetary Authority of Singapore (MAS) and the Bangko Sentral ng Pilipinas (BSP) have released a joint statement of intent to ... ( read original story ...)
Singapore based Fintech 360F and Zurich Middle East Introduce Solution for Digitizing Entire Financial Process
Singapore based Fintech firm 360F and Zurich Middle East introduce solution for digitizing entire financial process. ( read original story ...)
How RBI moved quickly to save Lakshmi Vilas Bank, and why it chose Singapore’s DBS for merger
The top three foreign banks in India — Citibank, Standard Chartered and HSBC — have not ... DBS was set up by the government of Singapore, and it is controlled through Temasek Holdings — Singapore’s ... ( read original story ...)
Credit Bureau Asia files for SGX IPO
SINGAPORE (THE BUSINESS TIMES) - Credit Bureau Asia (CBA), a credit and risk information solutions provider, has lodged a preliminary prospectus for a mainboard listing on the Singapore Exchange (SGX) ... ( read original story ...)
Lakshmi Vilas Bank: India is getting a bank rescue right this time
The moth-eaten LVB will cease to exist, its equity completely wiped out.Only its deposits will appear on the books of the India unit of DBS Group Holdings Ltd, Singapore’s biggest bank ... ( read original story ...)
Challenges before DBS in Lakshmi Vilas Bank merger
The merger of Lakshmi Vilas Bank, an old private sector bank from India, with a foreign bank like Singapore-based DBS Bank is expected to bring its own set of challenges Bank mergers in India have got ... ( read original story ...)
Singapore’s Sea Tumbles as E-Commerce Shows Signs of Slowdown
The Singapore-based company’s revenue doubled to $1.2 billion for the quarter and it boosted annual forecasts for two key businesses. But net losses also doubled to $419.9 million and ... ( read original story ...)
Lakshmi Vilas Bank to merge with DBS
DBS Bank India (DBIL) is a subsidiary of the Singapore-based DBS Bank Ltd (DBS). This is the first instance in recent times where the RBI is merging a private sector lender with a foreign bank. It ... ( read original story ...)
UPDATE 2-India set to hand troubled Lakshmi Vilas Bank to Singapore’s DBS
Lakshmi Vilas Bank is set to be folded into the Indian unit of Singapore's DBS under a plan proposed by the Reserve Bank of India (RBI), which took over LVB on Tuesday due to a "serious deterioration" ... ( read original story ...)
UOB Optimism Index: Singapore’s Millennials the most optimistic on Covid-19 Recovery
As people manage with the financial, social and health implications of Covid-19, Millennials have emerged as the most optimistic age group in Singapore when it comes to overcoming current challenges, ... ( read original story ...)
DataRobot raises $270M at a $2.7B valuation, eyes possible IPO
DataRobot, the Boston-based enterprise AI company that hit unicorn status last September after a $207 million Series E round, has brought in another massive fundraise: $270 million in what the startup ... ( read original story ...)
UPDATE 1-India to fold Lakshmi Vilas into local arm of Singapore’s DBS
The Reserve Bank of India on Tuesday proposed folding Lakshmi Vilas Bank into the local unit of Singapore's DBS, shortly after taking control of the Indian lender due to a "serious deterioration" in ... ( read original story ...)
Singapore’s commercial market touted APAC’s worst performer in Q3: study
Deal value was 86% lower than last year. Sales activity for commercial real estate in Singapore contracted the fastest across all major APAC markets in Q3, with the number of deals plunging 74% YoY ... ( read original story ...)
DBS Bank to roll out voluntary job-sharing scheme where 2 employees share one full-time role
SINGAPORE - South-east Asia's largest bank, DBS, will introduce a formal job-sharing scheme to support employees who need more flexible work arrangements, among other initiatives aimed at transforming ... ( read original story ...)
DBS to allow employees to work remotely for up to 40% of time
The company’s Future of Work task force found that more than four in five of its 29,000 staff were able to work seamlessly remotely.The bank will also introduce a formal job-sharing scheme to give gre ... ( read original story ...)