UNITED Overseas Bank (UOB) said on Thursday that one of its employees has tested positive for Covid-19. The bank was informed by the Ministry of Health today.
THE Monetary Authority of Singapore (MAS) announced on Thursday that it will be lending USD obtained from the US Federal Reserve to banks in Singapore allocated through auctions, with the first taking place this Friday, March 27.
DBS Group on Thursday said it would defer its annual general meeting (AGM) that was originally due on March 31.
SINGAPORE'S nascent robo-adviser space has reported a casualty - digital advisory firm Smartly will shut after fewer than three years in the business.
MAYBANK announced on Wednesday that it is offering complimentary remittance services for Malaysians working and living in Singapore who have been affected by Malaysia's movement control order. 
FOOD and beverage (F&B) businesses can soon access a new set of digital services via DBS to set up their independent online food-ordering services, and possibly at a cheaper rate than working with established food-delivery platforms. 
SINGAPORE-BASED robo-adviser Smartly has ceased operations after fewer than three years in the business.
DBS will suspend registrations for in-person attendance at its annual general meeting (AGM) next week, after the government laid down stricter measures on Tuesday to contain the Covid-19 outbreak, which include deferring or cancelling all events and mass gatherings, regardless of size.
SINGAPORE'S general insurance market posted an underwriting loss of S$28 million last year, versus an underwriting profit of S$36.3 million in 2018.
BANKS are revising their home loan offerings by increasing spreads in their floating rate packages while lowering their fixed rates as the Singapore inter-bank offered rate (Sibor) plunged in response to the Fed's two off-cycle rate cuts in March.
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