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AMTD to take majority stake in private capital platform CapBridge

AMTD Digital, the integrated digital platform arm of AMTD Group, announced on Monday that it will take a majority stake in private capital platform CapBridge Financial for an undisclosed sum.

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Two Coastal Oil ex-senior staff charged with cheating banks; reported losses amount to US$133m

TWO former employees of crude oil products supplier Coastal Oil Singapore were charged in court on Friday for allegedly cheating eight banks in Singapore and Hong Kong. The Business Times (BT) understands that the reported losses among the banks amount to US$133.3 million.

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Fincy receives US$11m injection from parent GBCI Ventures

SINGAPORE-BASED fintech startup Fincy on Friday said it has received a US$11 million from its parent company GBCI Ventures.

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Duo to be charged with cheating 8 banks in Singapore, HK of more than US$340m

A FORMER chief finance officer (CFO) and a former treasury manager will be charged in court on Friday for their suspected involvement in cheating eight banks in Singapore and Hong Kong of more than US$340 million.

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Coastal Oil ex-employees charged with cheating Singapore, HK banks of over US$340m

TWO former employees of crude oil products supplier Coastal Oil Singapore were charged in court on Friday for allegedly cheating eight banks in Singapore and Hong Kong of more than US$340 million.

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NTUC Income offers insurance coverage with bite-sized premiums

SINGAPOREANS can now pay as little as 30 Singapore cents to get critical illness, personal accident or term life coverage, under NTUC Income's new micro-insurance model.

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Banks offer selected services as more branches reopen

FROM Friday, OCBC Bank will resume face-to-face wealth advisory services - but only by appointment and for services linked to bancassurance, funds, structured investments and bonds.

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AMTD Digital acquires insurtech startup PolicyPal

DIGITAL banking hopeful AMTD Group on Thursday announced that its digital arm, AMTD Digital, has acquired Singapore insurtech startup PolicyPal for an undisclosed sum.

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NTUC Income offers insurance coverage with ‘bite-sized premiums’ as little as 30 cents

SINGAPOREANS can now pay as little as 30 Singapore cents to get critical illness, personal accident or term life coverage, under NTUC Income’s new micro-insurance model.

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Debt build-up in emerging markets sets back hopes of recovery in H2: MAS chief

THE debt accumulation in emerging markets is likely to be the "number-one aftermath" of the Covid-19 outbreak to be dealt with from as early as next year, with expectations of a recovery in the second half of this year set to be "severely tested", said Ravi Menon,...

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