IN the long term, Singapore Telecommunications (Singtel) might have to commit more than S$600 million in total to its joint venture (JV) with Grab Holdings to set up a digital full bank in Singapore.
ISSUANCE of loans and securities linked to the Swap Offer Rate (SOR) that mature after end-2021 will need to cease by April next year, in a push by a financial industry-led committee to shift away from the use of SOR to the Singapore Overnight Rate Average (Sora)...
TRADITIONAL banks may need to watch their backs, as almost nine in 10 of small and medium-sized enterprises (SMEs) in Singapore are willing to move services over to the upcoming digital banks, according to a latest study by Visa.
UOB on Monday said it has seen a doubling in the number of construction firms obtaining loans under value chain financing (VCF) in the first six months of the year, as compared with the end of 2019.
UOB on Monday said it has seen a twofold increase in the number of construction firms obtaining loans under value chain financing (VCF) in the first six months of the year, as compared with the end of 2019.
CHINA is bouncing back to drive gains in household wealth out of Asia-Pacific - the only region in the world to record a gain in the first six months of the annus horribilis that is 2020.
THE UK government's Brexit strategy has failed to achieve a workable deal for the financial services sector, even though it is a key exporter and tax generator, observers say.
FLUSH from a V-shaped market rally since the market trough in March, portfolio strategists for wealthy clients remain "constructive'' on risk assets such as equities and credits.
