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Tag: finance

Posted on 03/11/2022

Crypto speculation, CBDCs, talent crunch in focus at Singapore fintech festival

PM-in-waiting Lawrence Wong says there should be ‘no doubt’ Singapore is ‘fully’ embracing emerging technologies. But he says a healthy level of ‘constructive paranoia’ and ‘divine discontent’ is also ...

Posted on 03/11/2022

Medanta operator Global Health raises Rs 662 crore from anchor investors ahead of IPO

HDFC MF, Aditya Birla Sun Life MF, SBI MF, ICICI Prudential MF, Kotak MF, Max Life Insurance Company and SBI Life Insurance Company are among the anchor investors.

Posted on 03/11/2022

Singapore launches new process to digitalize banker’s guarantees, insurance bonds

Singapore's Ministry of Finance (MOF) and the Monetary Authority of Singapore (MAS) on Wednesday jointly launched a digital process for businesses and individuals to provide a banker's guarantee or ...

Posted on 03/11/2022

Standard Chartered to tokenise trade finance in Singapore digital asset pilot

Standard Chartered is launching a trade finance tokenisation pilot as part of a Monetary Authority of Singapore (MAS) initiative that is exploring the economic potential and value-adding use cases of ...

Posted on 03/11/2022

Singapore: DBS Tests FX Trading, Government Securities Using Blockchain

DBS, a Singapore-based financial institution that operates across Asia, has announced that it has utilized permissioned DeFi liquidity pools on a public ...

Posted on 02/11/2022

Manali Petrochemicals to invest $35 million in Singapore subsidiary

Manali Petrochemicals Limited (MPL) on Wednesday said its Board has approved an additional investment of up to $35 million in its wholly-owned subsidiary AMCHEM Speciality Chemicals Private Limited, ...

Posted on 02/11/2022

Singapore’s factory activity contracts for second straight month

SINGAPORE - October’s factory activity contracted for the second consecutive month while the electronics sector pulled back for the third straight month, suggesting a continued deterioration in ...

Posted on 02/11/2022

No IPO But Online Giant Shein To Open Tokyo Store This Month

Earlier this year the company expanded its Singapore office after making a Singapore firm its de facto holding company, amid a flurry of filings by the online fast-fashion retailer, plus reports that ...

Posted on 02/11/2022

Singapore’s Central Bank Experiments with DeFi to Transform Capital and Bond Markets

The pilot, the first of its kind, was completed under MAS’ Project Guardian initiative that explores potential DeFi applications in wholesale funding markets. Under the pilot, three global banks, ...

Posted on 02/11/2022

Consolidated view of insurance policies now available on Singapore Financial Data Exchange

Users of the Singapore Financial Data Exchange (SGFinDex) will now be able to see at a glance all their insurance policies from different insurers.

Posted on 02/11/2022

Consolidated view of insurance policies now available on SGFinDex

Users of the Singapore Financial Data Exchange (SGFinDex) will now be able to see at a glance all their insurance policies from different insurers.

Posted on 02/11/2022

Singapore’s UOB completes deal for Citi’s Malaysia, Thailand retail banking ops

Citigroup said on Tuesday it had completed the sale of its Malaysia and Thailand retail banking businesses to Singapore's United Overseas Bank (UOB) in a transaction expected to result in a regulatory ...

Posted on 02/11/2022

Singapore’s Wong stresses ‘responsible’ fintech as crypto stance diverges from Hong Kong’s

The PM-in-waiting said there should be 'no doubt' that the city state was 'fully' embracing emerging technologies such as Web3 and distributed ledgers But a healthy level of 'constructive paranoia' ...

Posted on 02/11/2022

UOB completes buying Citi’s M’sia consumer banking ops

Announcing the completion of its Malaysia and Thailand acquisitions, United Overseas Bank Ltd (UOB) said it is working towards a smooth transition of Citigroup’s consumer banking units with a plan for ...

Posted on 02/11/2022

Singapore’s red-hot property prices ‘under control’ amid record US$317 billion of inflows, says central bank chief

Singapore’s central bank chief says its capital and financial markets can handle the record inflows – much of it from North Asia, including China. ‘There’s so much money coming in, you can choose’.

Posted on 02/11/2022

Stock Market LIVE Updates: SGX Nifty futures indicate muted start ahead on Dalal Street

Indian equity benchmarks BSE Sensex and NSE Nifty50 are expected to open on a muted note on Wednesday amid weak global cues, halting a four-session-long winning run. Singapore Exchange Nifty futures, ...

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