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STANDARD Chartered Singapore on Tuesday said it will invest an additional sum of S$5 million to boost its talent development and reskilling efforts.

THE collapse in oil prices and the Covid-19 outbreak are exposing questionable practices in the Singapore oil trading industry that could exact a heavy toll on borrowing costs as banks get burnt.

ASSET managers are turning to new ways to raise funds to get around travel bans, and hosting virtual due diligence sessions with investors in place of face-to-face meetings.

COUNTRIES should resist the temptation to retreat behind respective borders, even as Covid-19 has revealed how dependent - and vulnerable - countries are on global supply chains, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS) on Monday.

THE Network for Electronic Transfers (Nets) on Monday said it has appointed Lawrence Chan as its group chief executive officer (CEO), effective June 22.

PAWNBROKER ValueMax Group on Monday said it is not affected by government-mandated loan repayment or interest suspensions, as these are not mandatory for the firm, given that is is neither a member of the Association of Banks of Singapore nor the Finance House Association of Singapore.

THE Network for Electronic Transfers (Nets) on Monday said it has appointed Lawrence Chan as its group chief executive officer (CEO), effective June 22.

AMTD Group, Xiaomi  Finance, Singapore Management University (SMU) and the Institute of Systems Science at the National University of Singapore (NUS-ISS) have launched a S$5 million programme catered for senior executives, fintech entrepreneurs and policymakers from Singapore, South-east Asia and the Greater Bay Area.

OCBC Bank says it is aiming to expand its sustainable finance portfolio to S$25 billion by 2025, riding growth momentum that is expected to continue over the next few years despite Covid-19.

UNITED Overseas Bank (UOB) will reopen seven additional branches in shopping malls and retail areas on June 22 after Singapore commenced the second phase of reopening on Friday, adding to the 48 UOB branches that are already open islandwide.