DBS has introduced a new virtual bank recruiter to help its recruiters hire wealth planning managers more efficiently. According to a press statement, Jim, an acronym for “Jobs Intelligence Maestro”, is the brainchild of Singapore start-up Impress.AI ... ( read original story ...)
HSBC Singapore and Grab close syndicated facility for vehicle fleet financing
HSBC has closed a S$500 million five-year asset-backed syndicated facility for Grab, one of the leading O2O mobile platforms in Southeast Asia. The facility has a potential upsize of S$800 million. HSBC acted as sole structuring advisor, mandated lead ... ( read original story ...)
Grab Clinches Deal With HSBC
Ride-hailing startup Grab has secured a $370 million five-year asset-backed syndicated facility from HSBC Singapore, said to boost the financing of the homegrown company’s vehicle fleet growth in Singapore. According to a statement by HSBC on Sunday ... ( read original story ...)
My country wants to go cashless, so I redesigned a digital wallet, DBS PayLah!
Paylah! is a mobile payment solution developed by Development Bank of Singapore (DBS) where transfers are done through a registered mobile number or via QR codes. The app was first introduced as an alternative to internet banking for peer-to-peer transactions. ( read original story ...)
Leave Your ATM Cards At Home – NETSPay Now Extended To OCBC And UOB Customers
With the inclusion of OCBC and UOB users, more than 11 million cardholders in Singapore will be able to use NETSPay at more than 105,000 acceptance points island-wide. NETSPay users can store up to 10 ATM bank cards on the app, letting them choose between ... ( read original story ...)
OCBC, UOB join the NETSPay mobile app
SINGAPORE - OCBC Bank and UOB customers can now digitally store their NETS ATM bankcards on the NETSPay mobile app, NETS announced on Monday (June 18). This allows them to make NETS payments through their mobile phones instead of using their physical NETS ... ( read original story ...)
The Cheapest Stocks in The Singapore Stock Market Right Now
One way to determine how cheap or expensive stocks are in the local stock market is to look at the number of net-net stocks that are available. A net-net stock is a stock with a market capitalisation that is lower than its net current asset value. ( read original story ...)
Grab’s $500m syndicated facility deal 2.5 times oversubscribed
The deal will fund Grab Car's vehicle fleet. HSBC Singapore closed Grab's $500m five-year asset-backed syndicated facility, which has a potential upsize of $800m. The deal was 2.5 times oversubscribed, with a total of 16 bank and non-bank financial ... ( read original story ...)
More Pain Predicted For Singapore Stock Market
Ahead of Friday's holiday for Eid-ul-Fitr, the Singapore stock market had moved lower in three straight sessions, surrendering almost 85 points or 2.6 percent along the way. The Straits Times Index now rests just above the 3,355-point plateau and it may ... ( read original story ...)
PayNow Collaborates with Digital Insurer and DBS
PayNow is an electronic fund transfer service available to customers of any of the seven participating banks: Citibank Singapore Limited, DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, and United Overseas Bank. FWD customers who wish to ... ( read original story ...)
How Cheap Is The Singapore Stock Market Now?
Knowing how cheap the stock market currently is, can help us to simplify our investing decision. There are two methods to find out if Singapore stocks are a steal or are in an overheated territory right now. The first method is to compare the market’s ... ( read original story ...)
IPOs by S’pore issuers up 78% in first half of 2018
Initial public offering (IPO) activity by Singapore issuers picked up pace in the first half of this year, although there were more cross-border listings. The overall number of IPOs - domestic and cross-border - by Singapore issuers was up in the first six ... ( read original story ...)
Continued Consolidation Called For Singapore Bourse
The Singapore stock market has moved lower in back-to-back trading days, surrendering almost 50 points or 1.5 percent along the way. The Straits Times Index now rests just above the 3,390-point plateau and it may take further damage again on Thursday. ( read original story ...)
Value of IPOs by Singapore issuers up 78% in first half of 2018
SINGAPORE - The overall number of initial public offerings (IPOs) - domestic and cross-border - by Singapore issuers was up in the first six months of this year, with 12 listings raising US$459 million or 78 per cent more year on year, a report said. ( read original story ...)
Live more, Bank less: DBS, now 50, wants to (again) disrupt how S’poreans approach banking
At that time, its primary function was to finance Singapore’s industrialisation and urban development. And according to Piyush, DBS was a disruptor in the banking industry when they first began. Photo of DBS building (1980s), from NAS. Since 1968 ... ( read original story ...)
The seven best jobs at HSBC in Hong Kong, according to John Flint
HSBC’s Private Bank and Retail Banking and Wealth Management unit is primed for expansion, especially in Hong Kong, Singapore and mainland China, markets where the firm already has an “established presence”. While most of the growth will be in wealth ... ( read original story ...)