Eagle Hospitality Trust has cut the floor of the initial price guidance for its Singapore IPO, hiking up the yield for investors while delaying the end of its roadshow, according to a source close to ... ( read original story ...)
Singapore accelerates patent applications for AI inventions
The Intellectual Property Office of Singapore (IPOS) has recently announced that it will now accelerate grants of AI-related patent applications to just six months — which will be the fastest in the ... ( read original story ...)
UOB to help SMEs build e-commerce websites by tapping Shopmatic’s digital solutions
SINGAPORE - United Overseas Bank (UOB) is integrating the digital solutions of e-commerce solutions provider Shopmatic, into its suite of cloud-based business solutions "UOB BizSmart" to help small ... ( read original story ...)
Singapore is Now Considering Virtual Banking Licenses Too—Here’s Why
The now famous Hong Kong virtual banking licenses have been a bit of a mixed bag for the region, but nevertheless, it’s gotten a lot of attention. To date, four licensees will be ready to go to market ... ( read original story ...)
Virtual banks cannot rely on one-size-fits-all model in Singapore: OCBC CEO
SINGAPORE - Fintechs seeking inroads here as a "digital-only bank" cannot operate on a one-size-fits-all basis if they are to compete in a well-banked environment in Singapore, OCBC's group chief ... ( read original story ...)
UOB launches online utility marketplace to help customers save on bills
The UOB Utility Marketplace is Singapore’s first online utility marketplace provided by a bank, UOB said in a press release on Monday, May 6. Customers can search and to sign up for the best deals for ... ( read original story ...)
UOB creates Singapore’s first online utility marketplace
United Overseas Bank (UOB) has launched Singapore’s first online utility marketplace provided by a bank. The UOB Utility Marketplace will allow customers to search and sign up for the best deals for ... ( read original story ...)
Singapore Studying Whether to Allow Digital-Only Banks
the Monetary Authority of Singapore said Tuesday. “MAS is studying whether to admit such digital-only banks with non-bank parentage,” the financial regulator said in an emailed reply to questions from ... ( read original story ...)
Why I continue to save with the Boosted DBS Multiplier
In 2015, MAS decide to package our AAA rated Singapore Government Bonds into a Singapore Savings ... You can credit into any DBS/POSB account and they will be able to track it. A pro tip: Under your ... ( read original story ...)
Investing in Asia – Malaysia: The World’s Worst Stock Market?
Singapore is only 720 square kilometers ... “The World’s Worst Major Stock Market is Really, Really Boring.” I never realized that investing was supposed to be exciting. I always thought that ... ( read original story ...)
UOB valuations & yield still deemed attractive after share price run-up
SINGAPORE (May 6): Jefferies, DBS Vickers Securities and RHB Research are maintaining their “buy” calls on United Overseas Bank (UOB) with the respective price targets of $31, $29.20 and $30.80 ... ( read original story ...)
Singapore May Allow Virtual Banks After Hong Kong Move, DBS Says
Singapore could follow Hong Kong in handing out virtual banking licenses, according to the head of the largest local lender, in a move that would create another source of competition for the city ... ( read original story ...)
UOB cautious about outlook as loan margins shrink
Net profit for UOB, the smallest of Singapore's three banking groups, rose 8% to 1.05 billion Singapore dollars ($770.4 million) in the first quarter ended March. The results were slightly better ... ( read original story ...)
Singapore, Canada complete blockchain trial for cross-border payments
The Monetary Authority of Singapore (MAS) and Bank of Canada have completed "a successful experiment" on cross-border payments using central bank digital currencies, tapping distributed ledger ... ( read original story ...)
HSBC is cutting jobs in Asia. Here’s how to beat the axe
But this doesn’t mean that joining HSBC in Hong Kong or Singapore will give you an unusually secure job – far from it. Speaking earlier today, HSBC CFO Ewen Stephenson said Asian economies had ... ( read original story ...)
OCBC says account balances not affected after some customers receive multiple SMS alerts on duplicate transaction records
SINGAPORE - A few hundred OCBC Bank customers received multiple SMS alerts and noticed duplicate transaction records on their Internet and mobile banking devices on Thursday night (May 2). This ... ( read original story ...)