SINGAPORE (Mar 11): CGS-CIMB Research says current bank valuations have priced in downside risks of a pause in US Federal Reserve rate hikes on sector earnings. Absence of asset quality pressure shoul... ( read original story ...)
Priority Banking Benefits in Singapore (2019) & How to Join
There are many ways to fake it if you want to look rich in Singapore. You could buy a nice car and then moonlight as a Grab driver to pay off your car loan, or blow a year’s worth of savings on a Euro... ( read original story ...)
Singapore fintech Silot raises US$8 million Series A for intelligent banking
Silot, a Singaporean fintech company that helps banks improve their decision-making process, has raised a US$8 million Series A, according to DealStreetAsia. The funding was lead by SBI Holdings and i... ( read original story ...)
Singapore Shares May Take Further Damage In Monday
The Singapore stock market headed south again on Friday, one day after it had ended the two-day slide in which it had lost almost 20 points or 0.6 percent. The Straits Times Index now rests just above ... ( read original story ...)
Singapore’s 2019 budget spells bad news for some
Singapore Finance Minister Heng Swee Keat made his Budget speech on 18 February 2019. This year is of greater significance, as it’s the city-state bicentennial year. As part of the commemoration, the ... ( read original story ...)
Grab, Razer and Revolut are hiring in Singapore. Banks aren’t happy about it
While banks sometimes partner with Singapore payments businesses ... stake but no bonus), while a similar position at a large bank can pay as much as S$380k, along with a bonus of about two ... ( read original story ...)
Singapore central bank consolidates IT divisions
The Monetary Authority of Singapore is consolidating its disparate technology functions under a single overarching structure. The new Technology Group will comprise the Data Analytics Group, Informati... ( read original story ...)
Singapore Bourse Expected To Turn Lower Again On Friday
The Singapore stock market on Thursday snapped the two-day slide in which it had lost almost 20 points or 0.6 percent. The Straits Times Index now rests just beneath the 3,230-point plateau although i... ( read original story ...)
Bonuses tumble at Deutsche in Hong Kong and Singapore as bankers seek exit
Deutsche’s private bankers in Hong Kong and Singapore have been well rewarded this bonus round and their division continues to hire, but bonuses in the corporate and investment bank (CIB ... ( read original story ...)
Why open banking is less about data and more about CX
At the recent Asian Financial Services Congress in Singapore, Tech Wire Asia heard about the good, the bad, and the ugly of the open banking system from several analysts, but there were two key takeaw... ( read original story ...)
BNP Paribas provides global custody services for China Merchants Bank
BNP Paribas Securities Services has been selected to provide global custody services to China Merchants Bank, Singapore (China Merchants Bank), according to an announcement made by BNP Paribas Securit... ( read original story ...)
Warburg-backed ESR files for HK IPO said could be worth up to $2 bil
(Mar 6): ESR, the logistics real estate platform backed by Warburg Pincus, is expected to carry out an IPO in Hong Kong within the next ... 5.7 million sqm of facilities across China, Japan, India, Si... ( read original story ...)
UBP obtains wholesale bank licence in Singapore
Union Bancaire Privée (UBP) announced that its Singapore branch, UBP Singapore, has received regulatory approval from the Monetary Authority of Singapore (MAS) for a wholesale bank licence. UBP Singap... ( read original story ...)
DBS bets on ‘poisoned chalice’ of India banking to lift profits
The Singapore bank is the only sizable foreign bank to have taken steps to set up a local unit after India announced relevant rules in 2013. The three largest foreign banks in the country - Citigroup, ... ( read original story ...)
Singapore’s finance hub status threatened by China’s ‘Greater Bay’
SINGAPORE -- China's ambitious Greater Bay Area project encompassing Hong Kong, Macao and nine cities in Guangdong could threaten Singapore's standing as a hub for finance and technology. ( read original story ...)
Singapore business confidence weakens for third straight quarter
Though the services sector had six indicators in expansionary zone for the second quarter, three of of the six indicators, namely new orders, inventory levels and employment, showed signs of downward ... ( read original story ...)