Foreign visitors will be allowed to buy inbound travel insurance coverage for COVID-related costs incurred in Singapore, the Changi Airport Group (CAG) and the Singapore Tourism Board (STB) announced. ( read original story ...)
Singapore, Philippine central banks partner for data connectivity
They hope to boost cross-border data transfer and risk management. The Monetary Authority of Singapore (MAS) and the Bangko Sentral ng Pilipinas (BSP) have released a joint statement of intent to ... ( read original story ...)
Singapore based Fintech 360F and Zurich Middle East Introduce Solution for Digitizing Entire Financial Process
Singapore based Fintech firm 360F and Zurich Middle East introduce solution for digitizing entire financial process. ( read original story ...)
Credit Bureau Asia files for SGX IPO
SINGAPORE (THE BUSINESS TIMES) - Credit Bureau Asia (CBA), a credit and risk information solutions provider, has lodged a preliminary prospectus for a mainboard listing on the Singapore Exchange (SGX) ... ( read original story ...)
Lakshmi Vilas Bank: India is getting a bank rescue right this time
The moth-eaten LVB will cease to exist, its equity completely wiped out.Only its deposits will appear on the books of the India unit of DBS Group Holdings Ltd, Singapore’s biggest bank ... ( read original story ...)
Challenges before DBS in Lakshmi Vilas Bank merger
The merger of Lakshmi Vilas Bank, an old private sector bank from India, with a foreign bank like Singapore-based DBS Bank is expected to bring its own set of challenges Bank mergers in India have got ... ( read original story ...)
Singapore’s Sea Tumbles as E-Commerce Shows Signs of Slowdown
The Singapore-based company’s revenue doubled to $1.2 billion for the quarter and it boosted annual forecasts for two key businesses. But net losses also doubled to $419.9 million and ... ( read original story ...)
UPDATE 2-India set to hand troubled Lakshmi Vilas Bank to Singapore’s DBS
Lakshmi Vilas Bank is set to be folded into the Indian unit of Singapore's DBS under a plan proposed by the Reserve Bank of India (RBI), which took over LVB on Tuesday due to a "serious deterioration" ... ( read original story ...)
DataRobot raises $270M at a $2.7B valuation, eyes possible IPO
DataRobot, the Boston-based enterprise AI company that hit unicorn status last September after a $207 million Series E round, has brought in another massive fundraise: $270 million in what the startup ... ( read original story ...)
UPDATE 1-India to fold Lakshmi Vilas into local arm of Singapore’s DBS
The Reserve Bank of India on Tuesday proposed folding Lakshmi Vilas Bank into the local unit of Singapore's DBS, shortly after taking control of the Indian lender due to a "serious deterioration" in ... ( read original story ...)
Singapore’s commercial market touted APAC’s worst performer in Q3: study
Deal value was 86% lower than last year. Sales activity for commercial real estate in Singapore contracted the fastest across all major APAC markets in Q3, with the number of deals plunging 74% YoY ... ( read original story ...)
Singapore is closely monitoring global coronavirus vaccine developments, minister says
We are talking to different companies to build a diversified portfolio of safe and effective coronavirus vaccines for Singaporeans, says Lawrence Wong, second minister for finance and co-chair of the ... ( read original story ...)
Singapore to pilot common data platform in bid to plug supply chain gaps
With COVID-19 highlighting the need for robust supply chains, Singapore believes a common data infrastructure is essential in resolving critical painpoints and linking key stakeholders including ... ( read original story ...)
Singapore minister says ‘a long way to go’ before vaccine distribution, other precautions useful
A coronavirus vaccine won't be the silver bullet to end the pandemic, Singaporean minister Lawrence Wong said despite "promising" news from pharmaceutical firms. Beyond a vaccine, testing and ... ( read original story ...)
New Silkroutes appoints new finance director, CEO as executive director
The appointments come after the resignations of chairman Goh Jin Hian and finance director William Teo.. Read more at straitstimes.com. ( read original story ...)
Reit mergers bring scale and headaches to Singapore
Real estate investment trusts are the mainstay of Singapore listings, a rare example of liquidity and foreign interest in an otherwise dull local bourse. Two contrasting mergers tell intriguing ... ( read original story ...)