Singapore
Maybank’s net profit rises 28.5% to $658.5m YoY in Q3
Maybank’s net profit rises 28.5% to $658.5m YoY in Q3
The bank benefitted from Southeast Asia’s improving economic environment.
DBS completes intraday repo transaction on a blockchain-based network
Repo transactions will finish within hours instead of one to two days.
UOB EVOL unveils feature for offsetting electric carbon footprint
Customers need only to charge their SP utilities bills to their UOB EVOL card.
HSBC taps former Citi head to lead its wealth and personal banking business
Ashmita Acharya will take over the post on 18 January 2023.
FTX-tied assets of Singapore users not protected by MAS: statement
FTX is not licensed by MAS, operates offshore, and did not actively solicit Singaporeans, the central bank said.
Wong says SG had plans to tighten rules on crypto even before FTX bankruptcy
Singapore is open to digital innovation but not crypto speculation.
Vietnam headed for swift credit growth in next 12-18 months
Loans may expand between 15% and even up to 30%, said S&P’s Amit Pandey.
OCBC names Noel DCruz as Group Chief Risk Officer
He has worked for the bank for 33 years.
MAS, UNDFC to develop integrated financial ecosystems for MSMEs
The project will focus on enterprises from least developed countries.
MAS grants Atome in-principle approval to be a Major Payment Institution
Atome can now perform regulated payment services in Singapore.
RBC Wealth Management names Kamran Azim as COO for Asia wealth business
He will be based in Singapore.
Interest rates will be Singapore banks’ boon and bane through 2023: analyst
It’ll benefit them over the next three quarters, but asset quality may deteriorate after.
American Express appoints Marlin Brown as Singapore Country Manager
He was recently the country manager for Thailand.
American Express has named Marlin Brown as its new Singapore Country Manager.
ANEXT Bank unveils programme to improve embedded finance for SMEs
The programme is open to all e-commerce marketplaces, fintechs, amongst others.
DBS, partners grant S$250,000 for climate-focused hybrid accelerator programme
The second run of Sustaintech Xcelerator will focus on nature-based approaches, amongst others.
MAS to cooperate with Ghana to open trade and financial corridor
It will work with the Bank of Ghana and the Development Bank of Ghana for the project.
MAS, Bank Indonesia extends bilateral financial arrangement
Both leaders of Singapore and Indonesia endorsed the arrangement.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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