Singapore is moving ahead in the e-payments space by expanding its regulatory frameworks and launching a standardised quick response (QR) code. The Monetary Authority of Singapore has launched the second consultation on its payment services bill – the ... ( read original story ...)
DBS Group Emerges as Southeast Asia’s Most Valuable Company
Reaping the rewards of going big on tech, DBS Group Holdings Ltd. has pushed past Singapore Telecommunications Ltd. to become Southeast Asia’s biggest company by market capitalization. Adopting a “ digital to the core” strategy, Singapore’s largest ... ( read original story ...)
DBS Overtakes Singtel as Southeast Asia’s Most Valuable Company
Reaping the rewards of going big on tech, DBS Group Holdings Ltd. has pushed past Singapore Telecommunications Ltd. to become Southeast Asia’s biggest company by market capitalization. Adopting a “ digital to the core” strategy, Singapore’s largest ... ( read original story ...)
Fast and no need for coffee breaks: ‘Robots’ take over mundane tasks at Singapore banks
SINGAPORE: Since starting work at the United Overseas Bank’s (UOB) trade finance operations team three weeks ago, Amy has been busy processing requests for letters of credit from the bank’s corporate clients. Despite the wide-ranging data that needed ... ( read original story ...)
UOB sets up new branch in Kunming
United Overseas Bank (China) Ltd, a wholly owned subsidiary of Singapore-based UOB, opened a branch in Kunming, Yunnan province, on Thursday in an effort to help Chinese companies expanding into Southeast Asia. As the bank's third branch in southwestern ... ( read original story ...)
Standard Chartered, Axis Launch Payments Service With Ripple Tech
Financial institutions Standard Chartered and Axis Bank have announced a new cross-border payments platform built on top of technology developed by Ripple. Unveiled today, the platform – which will connect corporates between Singapore and India – will ... ( read original story ...)
Singapore’s neighbours are catching up in IPO leaderboard
SINGAPORE - The local market is on track to keep top spot as the leading South-east Asian listings market for the second straight year but rivals are closing in. More than S$4 billion will have been raised here by the end of the year, according to Deloitte ... ( read original story ...)
Singapore, Malaysia revitalise Southeast Asia’s IPO market
KUALA LUMPUR — Capital markets across Southeast Asia produced record-high capital raising activity in 10.5 months of 2017 with 144 initial public offerings (IPOs) hitting S$10.4 billion in total funds raised. With a market capitalisation of S$33.9 ... ( read original story ...)
Singapore widens crossborder tie-ups in fintech
Singapore has been working on blockchain domestically so that banks can settle interbank transactions directly, without going through the central bank. There are 10 participating banks including DBS Group Holdings, Citibank and Standard Chartered Bank. ( read original story ...)
Singapore Growth, Low CPI Keep Markets Guessing on Central Bank’s Next Move
Faster economic growth, coupled with subdued inflation, complicates the timing of monetary policy tightening in Singapore. Data on Thursday showed the economy expanded at its fastest pace in more than three years in the third quarter, and that the ... ( read original story ...)
DBS sells 900,000 StarHub shares for S$2.45m
SINGAPORE - DBS Group Holdings sold 900,000 shares of StarHub, Singapore's second-largest telco after Singtel, for about S$2.45 million on Nov 13, according to a filing with the Singapore Exchange. The aggregate proceeds suggest an average unit price of S$ ... ( read original story ...)
“I’m an Indian banking professional in Singapore. I’m worried about my Employment Pass”
“I’m anxious that my Employment Pass won’t be renewed when I apply for my next job in Singapore.” Singapore promises its legions of financial technology professionals a bright future. For each of the next three years, 1,000 tech jobs will be ... ( read original story ...)
Singapore toy sale 2017: Takashimaya Christmas MEGA sale kicks off!
Great deals on Transformers, Nerf, Minion, Barbie, PlayMobil etc… Also, exclusive to DBS/POSB Cardholders, with a minimum purchase of $80: Tsum Tsum 24″ & 20″ Luggage at $169 (UP $199) Tsum Tsum Piggy Bank at $12.90 (UP $29.90) Limited to 200 pcs only. ( read original story ...)
UOB’s 2 new robot employees cut data processing time by over half
SINGAPORE - United Overseas Bank (UOB) has welcomed its first "virtual employees", that will take over tasks its human employees have found repetitive and time-consuming, and thus allowing the latter to focus on more stimulating and challenging job roles. ( read original story ...)
Singapore Wealth Firms Weather Tax Transparency, Minister Says
the city-state’s senior minister of state for law and finance. “I don’t think there’s any significant outflows” since June, when Singapore signed up for a multilateral framework that facilitates the exchange of information on tax issues ... ( read original story ...)
Finance Minister Heng Swee Keat in Suzhou and Beijing for series of meetings
SINGAPORE - Finance Minister Heng Swee Keat will be visiting Suzhou and Beijing in China for a series of meetings and engagements from Wednesday (Nov 22) to Sunday. Mr Heng will be in Suzhou to co-chair the 11th Singapore-Jiangsu Cooperation Council (SJCC ... ( read original story ...)