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A New Benchmark

The Singapore Overnight Rate Average (SORA) will soon replace the current Swap Offer Rate (SOR) as a benchmark for loans. Here’s how SORA will be computed

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Fintech funding in Asia-Pacific fell 58.5% in Q1: report

THE total amount of venture capital raised by fintech companies in the Asia-Pacific region in the first quarter of the year fell 58.5 per cent sequentially to US$1.3 billion (S$1.81 billion), a report by S&P Global Market Intelligence on Tuesday said.

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KKR, Temasek consortium buys 6% of Vinhomes for 15.1t dong

A CONSORTIUM led by US private equity giant KKR has acquired a minority stake in Vinhomes for a total consideration of 15.1 trillion Vietnamese dong (S$904.3 million).

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CapitaLand receives Singapore’s first SORA-based loan from OCBC

OCBC Bank and CapitaLand have inked Singapore’s inaugural loan facility agreement referencing the Singapore Overnight Rate Average (SORA), for a S$150 million three-year corporate loan.

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OCBC, DBS to hire over 5,000 this year, with emphasis on tech roles

WITH their respective pledges to create new jobs amid economic uncertainty, Singapore's two largest banks have committed to 5,000 new hires this year, with an emphasis on tech-related roles, as the Covid-19 crisis continues to expedite digitalisation in the sector.

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AMTD Group to take majority stake in CapBridge

HONG Kong's AMTD Group is ramping up its presence in Singapore, following its subsidiary's recent dual listing here and digital bank ambitions.

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Face-to-face client meetings and more bank branches to open when financial sector moves to Phase 2: MAS

SINGAPORE financial institutions can reopen shuttered branches and staff can meet their customers face to face again from Friday, the Monetary Authority of Singapore (MAS) has said.

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500 Startups invests in Malaysia fintech Curlec

VENTURE capital firm 500 Startups has invested in Malaysia-based fintech firm Curlec, which will use the new capital to grow its Malaysian operations further.

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OCBC group to hire more than 3,000 people this year

OCBC said on Monday that it plans to hire over 3,000 people in Singapore this year, amid the economic and employment uncertainty due to the Covid-19 pandemic.

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OCBC to hire more than 3,000 people this year

OCBC said on Monday that it plans to hire over 3,000 people in Singapore this year, amid the economic and employment uncertainty due to the Covid-19 pandemic.

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