Singapore
More millennials join investment rush to cash in on COVID-19 volatility
More millennials join investment rush to cash in on COVID-19 volatility
The segment constitutes 35% of all new investment accounts in APAC from March-April.
South Korean regulator amends credit act to combat illegal lending
The maximum penalty for unlawful loan service providers has been doubled.
Singapore sets out expectations for FIs' environmental risk management
FIs are expected to include environmental considerations in their business plans.
DBS rolls out sustainable transition finance framework and taxonomy
The taxonomy will outline the banks’ “green” and “transition” transactions.
Sri Lanka's central bank rubber-stamps $139.3b in SME loans
It has approved 13,761 loan applications.
QR codes, ISO 20022 fuel SEA's cross-border payments growth
It has pushed stakeholders to build a pan-regional real-time payments ecosystem.
Visa commits aid to 10 million SMEs in Asia Pacific
It is part of an initiative to support 50 million small businesses worldwide.
Weekly Global News Wrap: US banks awash with $2t deposits; Wirecard ex-CEO arrested
And Canada’s banking regulator holds big banks’ capital buffers at 1%.
Cambodia floats blockchain-based payments system
Users of the platform will see transaction time reduced to less than 5 seconds.
Investments flood Singapore fintechs in April, May after quiet Q1
Total equity funding reached a record-high US$331m.
MUFG Bank to invest in NTT Finance Corp's green bond
It will be used to finance sustainable green building projects.
OCBC emerges as APAC's top lead arranger of green loans from 2018-2020YTD
Singapore’s OCBC and DBS accounted for $5.47b of such loans.
Singapore investment banking fees plummet 49.4% in H1
Fees from completed M&A, ECM, DCM, and syndicated lending all registered declines.
OCBC upgrades green finance portfolio target to $25b by 2025
It has already surpassed its $10b target for 2022 in Q1.
UOB reopens seven more branches in Singapore
These banks are located in high footfall retail areas.
Singapore to elevate hub status with new digital banking regulation
A more flexible Payment Services Act makes it easier for fintechs to apply full operations in Singapore.
AMTD, Xiaomi, SMU and NUS launch digital finance leadership programme
AMTD and Xiaomi will contribute $5m to support the programme.
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1. SMBC names DBS MD as head of corporate banking for APAC 2. Deutsche Bank partners with finaXai on token fund servicing 3. DBS CEO Tan Su Shan ranked sixth most powerful woman in business 4. Trust Bank revenue doubles to S$97m whilst losses narrow in 2024 5. HSBC unveils Tokenised Deposit Service in Hong Kong for treasury managementResource Center
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The trial, which will take effect on 1 July, is a step in the right direction.
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Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?