The Monetary Authority of Singapore (MAS) and the Bank of Lithuania have agreed to work together to support the development of the FinTech ecosystems and encourage greater financial innovation in the two countries. The FinTech Co-operation Agreement ... ( read original story ...)
Yes Bank launches a digitised trade finance solution
The initiative aims to bring over one lakh trade transactions going entirely digital, across major geographies including China, US, Singapore, Germany and Hong Kong. BENGALURU: Private sector lender Yes Bank has launched a robotics based ‘Digital export ... ( read original story ...)
Singapore firms supplied North Korea’s top brass with luxury goods: UN report
a North Korean bank the US put on its sanctions list in 2017 OCN’s headquarters in Singapore However, the two companies denied any wrongdoing to the UN. T Specialist testified that the funds did not come from North Korea but from a company registered in ... ( read original story ...)
Effective engagement is key for banks in Singapore to retain customers, finds survey
SINGAPORE (March 15): Two-fifths (40%) of local retail banking customers in Singapore are ready to stop or cancel their services with a bank on the grounds of poor customer engagement, according to a recent study commissioned by customer experience & call ... ( read original story ...)
Central banks of Lithuania, Singapore to cooperate in fintech
The central banks of Lithuania and Singapore have signed an agreement on cooperation in the field of financial technologies, known as fintech, reports LETA/BNS. Photo: lb.lt The Bank of Lithuania said it had signed the deal with the Singaporean monetary ... ( read original story ...)
Singapore Shipping Association: Cash raising exercise
However, for Esben Poulsson there’s no time to celebrate, it’s more important to bolster some weaker parts of Singapore’s maritime jigsaw. The area the SSA president wants to boost the most is in finance. Going forward, Poulsson wants to make it as ... ( read original story ...)
Car costs make Singapore world’s priciest city. Again
The eye-watering cost of owning a car in space-starved Singapore means the city state is the world's most expensive place to live, for the fifth year in a row, a survey said Thursday. The Asian financial hub -- where owning a no-frills sedan can set you ... ( read original story ...)
Singapore’s big developers vulnerable to shocks amidst rising debt
In 2007, Singapore developers’ debt was only around 6% of the GDP, whilst in 2016, it has more than doubled to almost 14%. Despite a tightening of macroprudential measures and a slowdown in credit growth, the rise of property prices and debt accompanied ... ( read original story ...)
Singapore Bourse May Take Further Damage On Thursday
(RTTNews.com) - The Singapore stock market on Wednesday halted the four-day wining streak in which it had advanced more than 100 points or 3 percent. The Straits Times Index now rests just shy of the 3,540-point plateau and the losses may accelerate on ... ( read original story ...)
Singapore: President Halimah Yacob gives assent to Budget 2018
Facebook/Halimah Yacob/President's Office Singapore President Halimah Yacob said on on Tuesday ... Advisers)", who attended a detailed briefing on Budget 2018 by Ministry of Finance officials with her earlier this month. The CPA recommended Halimah to ... ( read original story ...)
OCBC Bank is the First Bank in Singapore to Launch its own Artificial Intelligence Unit
Suppose your car is involved in a minor mishap, and you hold a Great Eastern motor insurance policy bought from OCBC Bank. Would it not be convenient if you could simply send an image of your dented vehicle to your insurer via your mobile phone, and get an ... ( read original story ...)
156 banks in Singapore target inclusive hiring
Also read: Find out which Singapore bank leads in productivity The advisory said banks should proactively assess the likely impact of technological changes on their workforce, and work with the MAS, Institute of Banking and Finance, and Workforce Singapore ... ( read original story ...)
Profit Taking Likely To Hit Singapore Bourse
The win streak has hit four sessions now for the Singapore stock market, which has advanced more than 100 points or 3 percent in that span. The Straits Times Index now rests just above the 3,550-point plateau although the wheels are likely to come off on ... ( read original story ...)
Singapore Brokerage Houses: Guide To Investing In Overseas Stock Markets
As you can tell, investing in American and the Hong Kong stock exchanges is popular among Singapore investors with all the local brokerages offer this market via its online trading service. The next most popular exchanges are Australia (ASX), London (LSE ... ( read original story ...)
Singapore, Malaysia stocks rise ahead of US inflation data
Singapore Exchange drifted lower by 0.3%. The market operator said it is stepping up efforts to ... in a move to reduce the volatility of its stock price. In Malaysia, the FBM KLCI index rose 0.2% to 1,864.03. Nestle (Malaysia) rose 4.6% to 157.40 ringgit ... ( read original story ...)
Singapore’s cat bond grant could total $1.5m saving per issuance
Singapore has been targeting the ILS market and catastrophe bond issuance for a number ... its notes must be listed on the Singapore Stock Exchange at least as a dual listing, and a percentage of the costs involved in issuing the ILS must be paid to ... ( read original story ...)