IIX and DBS Bank has priced the world's first social sustainability bond to be listed on Singapore Exchange. Dubbed as the Women's Livelihood Bond (WLB), the US$8 million bond provides loans to social enterprises and microfinance institutions aimed to ... ( read original story ...)
Sign up and pose to win at OCBC Cycle 2017 launch event
OCBC 2017 will be held on November 18 and 19 at the Singapore Sports Hub. The event launch is at the Ground Floor at Orchardgateway on Friday from noon until 8pm, and on Saturday from 10.30am until 8pm. The first to sign up at these events will get a ... ( read original story ...)
Travellers to get insurance claim payments ‘instantly’ under Singapore’s new system
DBS and POSB customers who buy MSIG travel insurance plans through the DBS website and sign up for a member login account on MSIG’s customer portal will be able to use the real-time claims payment service. It was launched two weeks ago and the first ... ( read original story ...)
SGX – A shrinking capital market
The Singapore Stock Exchange (SGX) is a shrinking capital market. The decline over recent years has been clear and pronounced. The number of companies listed on the market has dropped. Some listed elsewhere. Others went private, snapped up by bigger ... ( read original story ...)
Thai bank SCB halts $3 billion insurance unit sale as talks fail: sources
HONG KONG/SINGAPORE Thailand's Siam Commercial Bank (SCB) has put off a potential $3 billion sale of its insurance unit as talks with suitor FWD Group of Hong Kong failed on valuation disagreements, three people familiar with the matter said. Insurer FWD ... ( read original story ...)
Report: SCB halts $3bn insurance unit sale
HONG KONG/SINGAPORE - Siam Commercial Bank has halted the sale of its ... Li Ka-shing, was in talks with SCB, Thailand's third-biggest lender, on the insurance unit deal. At $3 billion, the deal would have been the largest-ever insurance M&A transaction ... ( read original story ...)
DBS launches instant e-payment service for travel insurance
MSIG Insurance and DBS Bank have announced the launch of Singapore’s first instant electronic payment service for travel insurance claims. The new initiative will reduce the time a travel claim is settled by approximately four days. DBS/POSB account ... ( read original story ...)
MSIG and DBS collaborate for instant travel claim payments
MSIG Insurance and DBS Bank have launched Singapore’s first instant electronic payment service for travel insurance claims. The new initiative will reduce the time a travel claim is settled by approximately four days. DBS/POSB account holders who have ... ( read original story ...)
Singapore to postpone bank capital rules; follows Hong Kong, Australia delays
HONG KONG Singapore's banking regulator has told lenders it will delay by a year the implementation of global rules designed to rein in trading risks - the latest sign that the post-crisis overhaul of the world's banking system may be stalling. The move ... ( read original story ...)
Review: Singapore Airlines First Class Lounge Sydney (And the Secret Shortcut to the Lounge)
American Express, Citibank, Chase, and other banks are advertising partners ... Since we were in Sydney anyway Singapore seemed pretty much close enough, a short-ish flight away and an opportunity to eat some great food. Singapore is one of my favorite ... ( read original story ...)
Singapore consultant returns to McKinsey after just 10 months in banking
McKinsey & Co in Singapore has just rehired veteran financial services consultant Reet Chaudhuri from Standard Chartered. He was at Stand Chart for just 10 months and it was his first role at an international bank. Chaudhuri has joined McKinsey as a ... ( read original story ...)
Singapore finance sector sees boom in tech jobs, even as industry growth slows
SINGAPORE -Never mind numeracy skills. To work in a bank these days, a jobseeker is better off being a designer, digital data analyst or tech developers. The Monetary Authority of Singapore (MAS) said in its annual report last week noted a net increase of ... ( read original story ...)
Singapore, China to step up collaboration on five areas in finance
BEIJING: Singapore and China are working to step up their collaboration in five areas in the financial sector, Singapore’s Deputy Prime Minister Tharman Shanmugaratnam said on Thursday (Jun 29). He was speaking to Singapore media on the last day of his ... ( read original story ...)
Singapore PM to Address Family Feud
Jul.02 -- Singapore Prime Minister Lee Hsien Loong and his two younger siblings are embroiled in a spat that centers on the fate of the house that belonged to their late father, the country’s first prime minister, Lee Kuan Yew. Bloomberg's Haslinda Amin ... ( read original story ...)
Oxley Road: Full text of speech by Finance Minister Heng Swee Keat
SPEECH BY MINISTER FOR FINANCE MR HENG SWEE KEAT IN PARLIAMENT ON JULY 4 ... I also interacted with Mrs Lee, both in Singapore and on several overseas trips. I learnt that both of them, especially Mrs Lee, valued their privacy deeply. ( read original story ...)
MAS on 1MDB scandal: ‘naming and shaming’ a better deterrent than big fines
In addition to penalizing the banks, it also barred several individuals from participating in the Singapore finance industry. Singapore is among at least six countries that launched probes into allegations that nearly $700 million had flowed from the debt ... ( read original story ...)