OCBC Digital banking app users will be able to make cross-border retail payments in 47 markets, using a new UnionPay QR feature that is slated to launch on Aug 4. Read more at The Business Times.
Oriana Power IPO: Find GMP, price band, subscription, key investors and other details here
The company will deploy the proceeds towards meeting its working capital requirements, investment in subsidiaries, capital expenditure ...
Singapore PM Lee Hsien Loong to address political scandals in Parliament on Wednesday (Aug 2)
Singapore’s Prime Minister Lee Hsien Loong will address the ongoing graft investigation involving Transport Minister S. Iswaran and property billionaire Ong Beng Seng in parliament on Wednesday (Aug 2 ...
OCBC collaborates with UnionPay QR to expand cross-border payment options
This scan-and-pay feature is the result of an agreement signed between OCBC and UnionPay International (UPI) in April 2023, and is the latest cross-border payment collaboration for OCBC.
Singapore’s GIC sets sights on Vietnam, India, and Indonesia
Singapore's sovereign wealth fund, GIC, is shifting its investment strategy to focus more on emerging markets like India, Indonesia, and Vietnam.
DBS shares its secret to becoming AI-fuelled
The bank currently has more than 300 AI and machine learning use cases, which helped with revenue uplift and cost avoidance.
Depreciating RMB ‘throwing salt’ on CapitaLand China Trust’s ‘recovering wounds’, 1HFY2023 DPU down 8.8% y-o-y: DBS
Divestment will continue to feature strongly within CLCT’s retail segment among older non-core retail assets, say DBS’s analysts.
Switzerland and Singapore deepen partnership to chart fintech’s future
WHEN regular trade between Singapore and Switzerland kicked off in the 1830s, it was not clocks and watches but Swiss-made sarongs – brightly-coloured woven and printed textiles – that were the main ...
World Leaders to Descend on Singapore for the 10th Milken Institute Asia Summit, Celebrating a Decade of Progress, Action, and Impact
Milken Institute Asia Summit, taking place from September 13 – 15, will convene regional and global leaders to discuss a wide range of issues and challenges shaping the Asia Pacific region, including ...
Tech firms still the second largest driver of office demand in Singapore
This sector accounted for a fifth of new leases in H1. According to Cushman and Wakefield, financial and professional services firms in Singapore have partially offset a slowdown in tech office demand ...
Banks to charge for use of Singdollar cheques by Nov 1, to stop taking corporate cheques by end-2025
DBS, OCBC, UOB, Citibank, Maybank, Standard Chartered and HSBC – will start charging for the use of Singapore dollar-denominated cheques by Nov 1. Read more at The Business Times.
More businesses in Singapore going cashless despite resistance
SINGAPORE: Cash piling up seems like the ideal outcome for any business, but restaurateur Guy Wachs found the process of collecting, counting and banking all those notes and coins so time-consuming ...
Singapore Bourse May Be Stuck In Neutral On Tuesday
The Singapore stock market has moved higher in five straight sessions, gathering more than 100 points or 3.2 percent along the way.
Timber flooring firm director gets jail for cheating 3 banks into granting over S$2m loans to pay suppliers
The founder of flooring company Jason Holdings was sentenced to three years’ jail on Monday (July 31) for deceiving banks into disbursing loans of slightly over S$2 million.
Singapore seeks to tighten money laundering audits for family offices
Singapore's central bank said on Monday it was proposing measures to tighten money laundering surveillance of family offices, which handle the financial affairs of the super rich. The Monetary ...
3 years’ jail for parquet firm founder who duped 3 banks into disbursing over $2m in loans
SINGAPORE - The founder of a parquet company was sentenced to three years’ jail on Monday for duping three different banks into delivering more than $2 million in loans. Jason Sim Chon Ang, 57, who is ...