(Aug 8): Singapore-based OCBC, via OCBC Bank (Malaysia) and Lion-OCBC Capital Asia Fund I (LOCAF I), has invested about RM60 million ($19.7 million) in YYC Holdings Sdn Bhd (YYC Group), a homegrown ... ( read original story ...)
Standard Chartered Complete Blockchain Trial with Thailand’s Oil Giant Using Voltron
This pilot involved the shipment of an oil product from Thailand to Singapore. Standard Chartered was able to digitise and simplify the end to end exchange of information between all parties in the ... ( read original story ...)
Underserved remittance service in Singapore gets boost from pilot using blockchain-enabled tokenised currency
(Aug 5): In June, the Monetary Authority Singapore announced that it would be issuing two full digital bank licences and three digital wholesale bank licences to players of non-bank parentage. But ... ( read original story ...)
Mooncake Festival 2019 — Best Credit Card Promotions for Mooncake Discounts
Here are the mooncake discounts for Citibank, UOB, DBS/POSB and OCBC. There are some 20 to 30+ promotions for each, so feel free to scroll (within each table) for all the discounts. Out of the 5 most ... ( read original story ...)
Singapore Retail Banking Survey: 65% of Singapore Customers Interested in Digital Banking
According to a recent survey, in Singapore digital banking has some pent up demand. JD Power has published a brief retail banking satisfaction study and, according to their numbers, 65% of consumers ... ( read original story ...)
Google and UOB launch training programme to help SMEs grow
“The businesses in Singapore are part of the fastest growing developing region ... The partnership between Google and UOB combines the kind of things we want our SMEs to adopt and leverage on, in ... ( read original story ...)
Best Mooncake Deals in Singapore 2019
Millenia Singapore. Enjoy 15% off all Ritz-Carlton snowskin mooncakes from 8 August to 13 September 2019 when you pay using any Citibank, DBS, OCBC, POSB, or UOB credit card! Let’s just agree that ... ( read original story ...)
Five buys out of five as UOB continues to deliver steady growth amid uncertainties
Looking ahead, Wickramasinghe says macro weakness in Singapore should be tempered by exposure to higher growth markets where nearly half UOB’s loans are booked. And although rising NPL risks are a key ... ( read original story ...)
Singapore sheds household debt as housing market slows: HSBC
Household debt as a share of Singapore’s GDP already fell below the 70% mark. The high-debt markets of Singapore and Malaysia are leading their Southeast Asian peers in the decline of the stock of ... ( read original story ...)
HSBC to cut 4,000 jobs, says Singapore ‘remains key’ to growth
SINGAPORE: British bank HSBC will axe thousands of jobs globally in an overhaul of its operations, but said its Singapore business “remains key” to its growth. The bank will axe 2 per cent of its ... ( read original story ...)
Commemorate Singapore’s History at the One and Only Bicentennial Edition of Chinatown Mid-Autumn Festival 2019
Chinatown to sing a celebratory tune as dazzling street decorations, nostalgic Singaporean icons and hawker food rich in taste and history trace Singapore’s journey from founding to future SINGAPORE - ... ( read original story ...)
3 Best Personal Loans in Singapore with the Lowest Interest Rates
Foreigners residing in Singapore will need a minimum annual income of S$40,000 ... Do take note that you will need to open a Citibank Ready Credit or Credit Card account to service your Citi Quick ... ( read original story ...)
OCBC’s Latest Earnings: Firing on All Cylinders
Oversea-Chinese Banking Corporation Limited (SGX: O39), or OCBC, is one of Singapore’s three largest banks. The bank was formed in 1932 from a merger of three banks and is now the second-largest ... ( read original story ...)
HSBC axes CEO Flint in shock shift to speed up strategy
Shares in HSBC, which fell nearly 14 per cent during Flint's tenure, were down 1.7 per cent in London at 11.11am GMT (7.11pm Singapore time), even though it reported a 16 per cent rise in profit and a ... ( read original story ...)
Singapore’s OCBC, UOB eye regional expansion as profits grow
SINGAPORE (Nikkei Markets) -- Singapore lenders Oversea-Chinese Banking Corp and United Overseas Bank are focusing on different parts of Asia as they look to increase their regional presence in an ... ( read original story ...)
Iran Sanctions Breach Suspicion Prompts Bank to Seize Ships
The bank also cited a Bloomberg article describing similar activity ... Gas Infinity was placed under sheriff’s arrest in Singapore on July 22 and Sea Dragon on July 24, according to information from ... ( read original story ...)