TOKYO/SINGAPORE, Nov 9 (Reuters) - The core unit of Mitsubishi UFJ Financial Group (MUFG) is looking to buy a 40 percent stake in Bank Danamon Indonesia for around 200 billion yen ($1.75 billion), a person with direct knowledge of the talks told Reuters on ... ( read original story ...)
Japan’s MUFG seeks US$1.8b Bank Danamon stake in SE Asia push, sources say
MUFG, through its core unit Bank of Tokyo-Mitsubishi UFJ, intends to buy Danamon shares from Singapore state investor Temasek Holdings, a major shareholder, said two sources, who declined to be named as the talks were not public. Faced with sluggish growth ... ( read original story ...)
OCBC selling health insurance plan via its mobile, Internet banking channels
SINGAPORE - OCBC Bank on Thursday (Nov 9) said it is offering a new way of buying health insurance through digital channels. It has rolled out a product called Early Cancer Care, the first health insurance product sold through OCBC's mobile and Internet ... ( read original story ...)
MUFG seeking to buy 40 percent of Indonesia’s Bank Danamon from Temasek – sources
TOKYO/SINGAPORE (Reuters) - The core unit of Mitsubishi UFJ Financial Group (MUFG) (8306.T) is looking to buy a 40 percent stake in Bank Danamon Indonesia (BDMN.JK) for around 200 billion yen (1.34 billion pounds), a person familiar with the matter told ... ( read original story ...)
Japan’s MUFG seeks $1.8 billion Bank Danamon stake in SE Asia push: sources
TOKYO/SINGAPORE (Reuters) - Mitsubishi UFJ Financial Group (MUFG) is in talks to buy a 40 percent stake in Bank Danamon Indonesia for around 200 billion yen ($1.75 billion), a person with direct knowledge of the talks told Reuters on Thursday. MUFG ... ( read original story ...)
MUFG seeks to buy 40% of Bank Danamon from Temasek
TOKYO/SINGAPORE: The core unit of Mitsubishi UFJ Financial Group (MUFG) is looking to buy a 40% stake in Bank Danamon Indonesia for around 200 billion yen (58 billion baht), a person familiar with the matter told Reuters on Thursday. Bank of Tokyo ... ( read original story ...)
Tesco harnesses the power of the iPhone X’s Face ID for mobile banking
Tesco Bank isn’t the only financial services company to harness the power of Face ID. OCBC Bank in Singapore has launched OneLook, which uses facial recognition technology to enable payments and view account information through the bank’s app. ( read original story ...)
Former bank officer charged with forging tax documents to get $7.7m in housing loans for clients
SINGAPORE - He allegedly forged income tax documents to make the bank believe that his clients were earning a higher annual income or had enough cash to qualify for housing loans. On Thursday (Nov 9), former bank officer Paul Liew Ziguang, 30, was charged ... ( read original story ...)
Singapore Stocks May Extend Winning Streak
(RTTNews.com) - The Singapore stock market has finished higher in back-to-back trading days, advancing almost 40 points or 1.2 percent along the way. The Straits Times Index now rests just above the 3,420-point plateau and it may add to its winnings on ... ( read original story ...)
Singapore’s Restalyst develops new method to improve liver cancer diagnosis
SINGAPORE, Nov. 9, 2017 /PRNewswire/ -- Singapore biomedical firm Restalyst has developed a new algorithm to detect liver cancer more accurately, improving the sensitivity to 90%. The new methodology looks at three factors: membrane bound protein ERBB3 ... ( read original story ...)
Singapore’s DBS ‘cleans’ its oil and gas loan book
SINGAPORE DBS Group Holdings has "cleaned" its oil and gas loan book and expects no more provisions, Chief Executive Piyush Gupta said on Nov. 6, noting that the bank reported a 25% decline in July-September net profit from a year ago. "We have been ... ( read original story ...)
This Is What the SGX and NASDAQ Collaboration Means To Singapore Stock Investors
The collaborative agreement between the NASDAQ and the SGX will ultimately increase Singapore companies’ access to capital market funding ... able to gain access to a wide choice of U.S listed stock that pay decent yields. Investors in the U.S will ... ( read original story ...)
Singapore’s GIC to invest $200 million in ContourGlobal IPO – source
LONDON (Reuters) - Singapore sovereign wealth fund GIC will invest $200 million (£152.3 million) in the upcoming $2.2 billion initial public offering (IPO) of ContourGlobal , a source familiar with the matter said on Wednesday. Conditional ... ( read original story ...)
Man charged with money laundering in Singapore previously accused of swindling Citibank of S$27 million
SINGAPORE — A 45-year-old Nigerian man who had been charged in a United States court for swindling Citibank was charged in a district court here on Wednesday (Oct 25) with laundering S$1.7 million. Paul Gabriel Amos, who is a Permanent Resident in ... ( read original story ...)
Why An Australian Space Entrepreneur Chose Tiny Singapore To Build A Rocket Factory
he joined Citibank in Australia as a foreign exchange trader and over twenty years built his career there, working his way up to Managing Director in charge of regional sales business for financial markets based in Singapore. As part of his job ... ( read original story ...)
46Years Old Nigerian Charged In Connection With US$27M Citibank Fraud (Pics)
A Nigerian previously accused of swindling Citibank of millions of dollars was on Wednesday, Oct 25th, charged with money laundering. Paul Gabriel Amos, a 46-year-old Singapore Permanent Resident, was believed to be involved in a scheme to dupe Citibank in ... ( read original story ...)