Singapore
Payoneer SG obtains MPI licence, broadens services horizon
Payoneer SG obtains MPI licence, broadens services horizon
The licence will enable them to service more SMEs in the country.
Central bank reveals new regulatory framework for stablecoins
It seeks to ensure a high degree of value stability for regulated stablecoins.
Nine in 10 affluent SG investors are wealthier than a year ago: study
One in 2 believe that now is the prime time for long-term wealth creation.
Hong Leong Asia net profits down 27% to S$30.8m in H1
Weaker RMB to SGD exchange rates weighed on revenue.
OCBC offers digital invoice financing to SMEs
Over 55,000 SMEs are registered in InvoiceNow.
DBS chief Piyush Gupta sells 100,000 shares, nets S$3.42m
Of these, 91,900 were sold at S$34.2253.
Half of fintech investments in SEA are from Singapore – Robocash
Indonesia comes second with $20.8b.
Big banks, investors fund Endowus digital wealth leadership in Asia
It was able to raise $35m from global banks, existing investors, and four Asian billionaire families.
MAS pledges S$150m to aid the financial sector
The scheme aims to back projects and maximise the use of technologies.
Chart of the week: alternative payments used in 1 in 3 online shopping transactions
Singapore’s e-commerce market is forecast to grow by 15% this year.
OCBC prices S$550m perpetual capital securities at 4.5%
OCBC served as the sole lead manager and bookrunner for this issue.
Hong Leong Finance SG profits up 3.2% to S$46.57m in H1
An interim dividend of 3.5 cents per share has been announced.
OCBC reports record net profit of S$3.59b in H1; H1 dividend at 40 cents
The dividend is 43% or 12 cents higher than in H1 2022.
DBS earnings up 45% to S$5.26b in H1; Q2 dividend at 48 cents
This brings the first half dividend to 90 cents per share.
MAS grants MPI licence to Tazapay
Tazapay plans to expand its services across Asia and more.
OCBC, UnionPay bolster cross-boundary digital payment feature
Customers can make payments from their OCBC accounts of up to S$1,000 daily.
Singaporeans need to save for 27 years to achieve financial freedom: Singlife
1 in 4 Lion City residents have savings of less than $1,000 per month, below the average S$1,733.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. Singapore in talks with banks to enhance financing schemes for businesses 3. GXS Bank names Pei-Si Lai as group CEO 4. Banks feel pressure from private credit 5. SMBC names Luis Pereira as co-regional CIO for APACResource Center
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