Singapore Pledges to Cut Cash, Checks on Path to Digital Economy

(Bloomberg) -- Singapore is accelerating the shift toward digital payments by pledging to eliminate check usage by 2025 and slash cash withdrawals from automated telling machines. Both payment methods are declining in popularity, Education Minister Ong Ye ... ( read original story ...)

Step-by-Step Guide to Refinancing Your Home Loan

People refinance all the time to take advantage of better interest rates, to manage their cashflow (by lowering their monthly repayments), or to change their mortgage type (for example, from a floating rate to a fixed rate package) In Singapore ... ( read original story ...)

Singapore to cut use of cash, hopes to go cheque-free by 2025

without having to disclose details such as bank account numbers. This is made possible with the expansion of the PayNow transfer service to include businesses. PayNow Corporate will start at 8am on Aug 13, the Association of Banks in Singapore (ABS ... ( read original story ...)

Singapore Set to Cut Cash, Checks on Path to Digital Economy

Corporate clients of seven banks will be able to transfer funds via PayNow in Singapore. They are DBS, Oversea-Chinese Banking Corp., United Overseas Bank Ltd., Standard Chartered Plc, HSBC Holdings Plc, Malayan Banking Bhd, and Citigroup Inc, according to ... ( read original story ...)

ExxonMobil Singapore Butyl and Resins Plants Begin Production

SINGAPORE--(BUSINESS WIRE)--Jun 20 ... About ExxonMobil ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading ... ( read original story ...)

Singapore court grants Hyflux 6-month debt reprieve

Hyflux's debt, including bank loans, subordinate loans such as perpetual securities and preference shares, and medium term notes, amounts to more than 3 billion Singapore dollars ($2.2 billion), court documents said. During the moratorium period ... ( read original story ...)

Temasek picks 5% in AU Small Finance for Rs 1,000 cr

AU Small Finance Bank, today said Singapore-government owned investment firm, Temasek, has picked up 5 percent stake in the bank for Rs 1,000 crore. The company said this transaction would be one of largest primary capital infusions in the bank. ( read original story ...)