Singapore
Why Singaporeans are okay with locking away over $4b of their money
Why Singaporeans are okay with locking away over $4b of their money
Customers can only access ‘locked’ money with a physical card or by visiting a branch.
'Tighter' financial conditions to weigh on Singapore's lending market: MAS
Risks include high inflation, geopolitical tensions, and spillovers from China's economic situation and global real estate market strains.
Maybank Singapore prevents loss of S$1.16m across 17 cases
One case sees a service manager prevent a S$37,000 scam.
DCS Card Centre secures add’l $100m upsize in asset-backed notes
The funds will be allocated to finance DCS's receivables from retail and corporate customers.
Bank of Singapore names Credit Suisse banker as Greater China COO
Ronnie Cheung was appointed as Credit Suisse’s Hong Kong COO in 2021
OCBC unveils new financing programme for women SME owners
They can avail of up to $100,000 in loans with processing fees waived.
Citi’s Shally Koh on how to foster a more diverse banking organisation
The bank is touting its male allyship and mother support programs as part of its bid for gender equality.
Ex-CEO, directors of Envision Wealth Management charged by MAS
They allegedly committed offences against the Securities and Futures Act, amongst others.
Trust Bank is most positively viewed financial brand by Singaporean women
It beat out other banking heavyweights and card network giants to emerge on top.
OCBC’s Mayda Lim in building the next pipeline of tech, banking talent
Lim weaves the need to support women bankers with the wider talent shortage in the industry.
No record-high earnings for Singapore banks in 2024, but loans to recover
The US Federal Reserve is expected to start cutting rates in mid-2024.
Currencycloud obtains In-Principle Approval for MPI licence in Singapore
It offers to ability to collect, convert, and spend multiple currencies across 180 markets.
CIMB Personal Loan offers 2.8% interest rate per annum
Loans of over S$30,000, with a tenure of at least 3 years, can qualify for this.
Maybank Singapore gave out up to S$1,250 to junior employees
The one-time payment was given out in February.
DBS, OCBC, and UOB post combined net interest income of $8.3b in 4Q23
4Q23 marks the 5th consecutive quarter that the combined NII of the big three was above $8b.
Transition and Opportunity: Southeast Asia’s Share of US$7 Trillion Value
Banks globally are at the fulcrum of a changing world and face a dramatic need to refresh and reposition to address falling valuations whilst meeting core financial and societal needs.
Tiger Brokers introduces debit card that gives fractional shares as rewards
It can be added to Apple Pay or Google Pay wallets for contactless payments.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?
The Asian connection: China's path to sustainable growth