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FOR the proposed sale of their stakes in Bank Permata, Standard Chartered (StanChart) and PT Astra International Tbk will receive a total consideration that is 1.63 times the Indonesian lender's book value.

SINGAPORE banks will just about halve the interest rates to small- and medium-sized enterprises (SMEs) on the latest tranches of government-assisted loans, as the central bank stepped in for the first time ever to directly offer funding at near-zero cost to financial institutions amid the virus outbreak....

SINGAPORE's banking trio are offering more affordable financing support for small and medium-sized enterprises (SMEs) hit by the novel coronavirus fallout.

SINGAPORE's banking trio will lower lending rates for government-assisted small and medium-sized enterprises (SMEs) loans to about 2-3 per cent, backed by the Monetary Authority of Singapore (MAS)'s latest move to make funding more affordable for SMEs mauled by the novel coronavirus fallout. 

OCBC on Monday said it expects the amount of government-assisted loans it lends out to small businesses to hit S$1 billion by June 30, fully utilising the support given by the Monetary Authority of Singapore (MAS) under its low-cost Singapore-dollar facility.

MORE than 17,000 consumers have applied to defer their mortgage repayments, in a nod to the escalating impact of the virus outbreak.

THIS past week, nine in 10 Singaporeans would have received a one-off payment of S$600 from the government, to help them cope with the economic fallout of Covid-19. Meanwhile, shareholders of HSBC Holdings - including myself - did not receive the company's fourth interim dividend for 2019...

HONG KONG financial services firm AMTD Group and its charity foundation have partnered the Asean Financial Innovation Network to establish a S$50 million fund to support regional fintech firms during the Covid-19 pandemic.