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Singapore financial services fintech GoBear folds business

FINANCIAL services firm GoBear on Tuesday announced that it will close the business due to its inability to "raise more funds to continue operations" amid the global pandemic.

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What will Jack Ma’s Ant look like next?

The future of Ant Group remains up in the air after its dramatic fall from grace. Regulators seem to have stopped short of dismantling it and the company is considering a transition to a financial holding company, willing to be regulated like a bank. It'll be tough....

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Singapore banks to benefit from pickup in credit growth this year: CGS-CIMB

CGS-CIMB has reiterated its "overweight" call on Singapore's banking sector in anticipation of a pickup in business activity and credit growth in 2021.

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OCBC makes fourth round of rate revisions on 360 account

OCBC will again cut rates on its flagship savings account, marking its fourth round of revisions since May last year.

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Broker’s take: CGS-CIMB expects Singapore banks to benefit from pick-up in credit growth this year

CGS-CIMB has reiterated its "overweight" call on Singapore's banking sector in anticipation of a pickup in business activity and credit growth in 2021.

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Break above resistance needed to see upside for EURUSD

FOLLOWING its inception in 1999, the euro fell below parity against the US dollar. Between 2000 and 2002, EURUSD attempted to rebound off its lows from the 0.8500 region but failed to clear above 0.9500.

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Keppel ‘cautiously optimistic’ about 2021; looks to asset-light approach, third party co-investments

KEPPEL Corporation chief executive Loh Chin Hua says he is "cautiously optimistic" about 2021, after what has been a tumultuous year for both the company and the broader global economy.

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US dollar weakening to extend into 2021, lends strength to Singdollar

THE Singapore dollar (SGD) is expected to strengthen in 2021 as improvement in global risk appetite continues to weigh on the US dollar (USD).

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Investors left in the lurch as investment platform CoAssets runs into trouble

THE Monetary Authority of Singapore (MAS) will review and take necessary action if CoAssets' licensed subsidiary - now known as CA Funding - has breached regulations.

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Singapore bank lending ticks up in Nov after eight-month decline

SINGAPORE's bank lending inched up slightly in November to reverse an eight-month decline on continued growth in consumer loans.

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