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Half of Singapore consumers prefer to shop local to help Covid-hit firms: poll

AROUND half of Singapore consumers prefer to shop at local businesses to help them recover from the business fallout of Covid-19, according to a study of Asean consumer sentiment done by UOB.

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MAS nudges financial firms on local high-tech skills transfers

THE Monetary Authority of Singapore (MAS) is drilling down to the local mix in technology units of financial institutions in Singapore to ensure skills transfer for high-end tech jobs, and has had "bespoke conversations" with financial institutions on their localisation plans at tech units.

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Barings to set up South-east Asia hub in Singapore

INVESTMENT management firm Barings is laying the groundwork for an office in Singapore to serve as its hub for South-east Asia investment activities.

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Defaults set to continue as Beijing pledges to end fraud in bond market

CHINA'S recent bond defaults by large state-owned enterprises (SOEs) are set to continue as Beijing warned it will crack down on fraud and show more tolerance for letting companies default on payments.

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DBS, StanChart slash savings rates further

DBS and Standard Chartered (StanChart) will again slash rates on their respective savings accounts from Jan 1, 2021 on the back of a grim interest rate environment.

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StanChart rolls out Singdollar sustainable fixed deposits

STANDARD Chartered (StanChart) on Wednesday announced the launch of its Singdollar sustainable time deposits - the first local currency sustainable deposit product that enables retail and private banking investors to get returns for their investments in sustainability.

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Singapore banks boost support for micro businesses

SINGAPORE banks have ramped up support for micro enterprises with collateral-free loans, they said on Wednesday.

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Private banking group to offer 200 undergraduate traineeships in next 3 years

SINGAPORE'S Private Banking Industry Group (PBIG), which includes 14 major banks, on Wednesday unveiled an initiative that aims to offer 200 undergraduate traineeship positions over the next three years at its member banks.

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MAS bans two former insurance agents for misleading clients and for forgery

THE Monetary Authority of Singapore (MAS) on Wednesday announced prohibition orders (POs) against two former insurance agents for dishonest conduct over the sale of Integrated Shield Plans (ISPs).

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Several potential ‘fallen angel’ Asia-Pacific banks face Covid-19 threat: S&P

SEVERAL potential "fallen angel" banks across the Asia-Pacific face risks from a more severe economic downturn due to the Covid-19 pandemic, credit rating agency S&P Global Ratings said on Tuesday.

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