China’s move to halt Ant Group Co.’s massive stock debut could reduce the fintech giant’s value by as much as $140 billion, according to analysts’ revised estimates. ( read original story ...)
KL-Singapore HSR: Malaysia intends to continue with project given the ‘positive multiplier effect’ on economy, says finance minister
The Malaysian government intends to proceed with the Kuala Lumpur-Singapore High-Speed Rail (HSR) project as it is able to "generate ... ( read original story ...)
Investors March Back Into China Bets After Ant IPO Halt, U.S. Vote
The shock suspension of Ant Group's massive share offering and a possible Joe Biden U.S. presidency have become fresh tailwinds for China's stock market, as investors rush to snap up a piece of an ... ( read original story ...)
StanChart recognised for strong D&I commitment
Standard Chartered Bank Singapore was awarded the EDGE certification for its ongoing commitment to advancing gender equality. The bank is the first institution in the city-state to achieve the ... ( read original story ...)
Singapore: High street looks under pressure – UOB
Barnabas Gan, Economist at UOB Group, reviewed the recent results from retail sales in Singapore. Key Quotes “Singapore retail sales plummeted 10.8% y/y (-4.5% m/m sa) in Septem ... ( read original story ...)
Green finance among options Singapore needs to adopt to achieve climate and economic goals
To ensure economic growth and fight climate change at the same time, Singapore needs to leverage green finance and mobilise capital for low-carbon investments, said Minister of State for ... ( read original story ...)
Ant Group to push ahead still with S’pore digital bank licence application after IPO scrapped
MAS will issue up to two digital full bank licences and three digital wholesale bank licences.. Read more at straitstimes.com. ( read original story ...)
Singapore banks’ Q3 profit beat expectations
SINGAPORE: DBS and OCBC saw a fall in third-quarter net profit as they set aside more allowances against potential bad loans amid the coronavirus pandemic, joining United Overseas Bank which reported ... ( read original story ...)
Green finance seen as key in S’pore’s climate change fight
To ensure economic growth and fight climate change at the same time, Singapore needs to leverage green finance and mobilise capital for low-carbon investments, said Minister of State for ... ( read original story ...)
OCBC Centre and Tampines restaurant visited by infectious Covid-19 patients
OCBC Centre in Raffles Place and a restaurant in Tampines were visited by coronavirus patients while they were infectious, said the Ministry of Health on Thursday (Nov 5).. Read more at ... ( read original story ...)
How billionaire Jack Ma fell to earth and took Ant’s mega IPO with him
Tell that to Jack Ma. Corporate China’s shiniest star was just days away from seeing his Ant Group list on the stock market in a record $37 billion deal, when he chose to launch a blistering public ... ( read original story ...)
Singapore banks fail to soar despite economic reopening
UOB on Wednesday turned in the weakest results among the three Singapore lenders, with its net profit for July to September at SG$668 million -- a 40% decline on-year. It noted small signs of ... ( read original story ...)
Singapore lender UOB’s Q3 profit skids 40% as loan loss provisions rise
United Overseas Bank Ltd UOBH.SI reported a 40% drop in quarterly profit on Wednesday as Singapore's third-largest-listed lender bulked up loan loss provisions in pandemic-hit markets and its net ... ( read original story ...)
UOB profit slides 40% on higher bad loan provisions
United Overseas Bank (UOB) posted a 40 per cent drop in third-quarter net profit to $668 million, from $1.12 billion a year earlier, as it built up on allowances for potential bad loans amid the Covid ... ( read original story ...)
Singapore Re-Opening Plan Ditches Quarantine for Tests, Ratios
(Bloomberg) -- Singapore is using a plan involving ratios and testing to open its borders to as many international visitors as possible based on their home country of risk, Minister for Trade and ... ( read original story ...)
Singapore’s Financial Services Sector Is on the Brink of Disruption following COVID-19 Outbreak, According to Fintech Industry Professional
Singapore's financial services sector is on the brink of disruption, according to Singapore Fintech Association President. ( read original story ...)