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THE Singapore Exchange (SGX) and China securities firm CITIC Securities Company have signed a wide-ranging strategic cooperation agreement to collaborate across multiple areas.

FRENCH asset manager Tikehau Capital announced on Tuesday that it has appointed banking veteran Neil Parekh as the head of Asia, Australia and New Zealand.

SINGAPORE'S efforts to develop into a global capital for alternative risk transfer are bearing fruit, particularly in the area of catastrophe bonds. Since 2019, six cat bond issuances worth a combined US$488 million in terms of capital raised are domiciled in Singapore.

PRUDENTIAL Singapore has disbursed over half of its S$1.5 million Covid-19 relief package in cash benefits since the package was introduced in February, with a vast majority paid out as quarantine benefits.

WITH bond markets seizing up or showing extreme volatility, private placement investors have stepped up and helped address cash crunch concerns.

OCBC BANK, which had originally scheduled to hold its annual general meeting (AGM) on April 30, will now host a virtual one instead at 2 pm on May 18 in line with the tighter social distancing measures in place during the Covid-19 pandemic.

CIMB Singapore has raised the ire of customers with its move to raise the floor of certain mortgages pegged to the one-month Singapore interbank offered rate (Sibor) - with that floor rate now higher than the prevailing market rate.

PSA Treasury, a wholly-owned subsidiary of Singapore’s port and terminal operator PSA International, will issue below par, at 99.822 per cent, US$650 million worth of guaranteed notes maturing in 2030.

ALTHOUGH the Singapore Exchange (SGX) has made quarterly reporting (QR) voluntary, most companies in the Straits Times Index (STI) have decided to continue with it, which will give investors an opportunity to better assess how much damage the Covid-19 pandemic has inflicted on firms and their business...

MORE seniors have turned to online banking amid tighter curbs to stamp out Covid-19 in Singapore, but the challenge is in maintaining this shift for the long run, said OCBC's head of e-business Pranav Seth.