Featured Archives • Page 1010 of 1238 • Financial News

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PayNow and Thailand’s PromptPay to link up next year in trailblazing move

FROM mid-2021, users of Singapore's PayNow and Thailand's equivalent PromptPay will be able to send money instantly and securely across the two countries with their mobile phone numbers at "competitive rates", said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).

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MAS awards qualifying full bank licence to China Construction Bank

THE Monetary Authority of Singapore (MAS) has awarded a qualifying full bank licence to China Construction Bank, under the China-Singapore Free Trade Agreement Upgrade Protocol, it said on Tuesday.

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Moody’s upgrades Geo Energy after near-term refinancing risk removed

MOODY'S Investors Service has upgraded the corporate family rating of Geo Energy Resources to Caa1, from Caa3 previously.

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Pandemic, though terrible, helped push digital financial revolution: Bill Gates

THE Covid-19 pandemic is supercharging the digital revolution and presenting regulators with an opportunity to narrow financial inequities in their countries, said Bill Gates.

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US$27.7m Women’s Livelihood Bond 3 to list on SGX

SINGAPORE-BASED capital firm Impact Investment Exchange (IIX) has priced its US$27.7 million, four-year Women's Livelihood Bond 3 (WLB3) at 3.95 per cent, a company spokesperson told The Business Times (BT) on Tuesday.

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Suntec Reit trustee signs S$900m facility agreement

THE trustee of Suntec Real Estate Investment Trust (Suntec Reit) has entered into a S$900 million facility agreement with various banks.

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CapitaLand Integrated Commercial Trust sells S$250m of 2.15% notes

A SUBSIDIARY of CapitaLand Integrated Commercial Trust (CICT) has issued S$250 million of 12-year notes with a 2.15 per cent coupon rate.

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Singtel, Sea shares get boost from digital bank licence win

LISTED companies that were selected to set up digital banks in Singapore saw their shares rally to fresh highs, while those with failed bids, including iFast Corp and Razer Inc, tumbled on Monday. The three local banks, meanwhile, ended the day lower.

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Singapore pushes financial inclusion as it cracks puzzle on ‘open banking’

SINGAPORE has cracked a world's first again with a goal in mind: to return more decision-making power to every citizen on what they should do with their finances.

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Financial data sharing initiative can narrow income inequality gap

SINGAPORE'S new nationwide financial data sharing initiative can help banks narrow the income inequality gap exacerbated by Covid-19, and simultaneously create a billion-dollar business opportunity for the nation's largest lender, DBS chief Piyush Gupta said on Monday.

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