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Mr Chua himself is still a venture capitalist, but nearly everything else about his job has changed. Industrials are out. The 64-year-old is now immersed in the brave new world of ride-hailing, fintech and Saas (software as a service) - that carry even grander valuations than before....

UNITED Overseas Bank (UOB) and OCBC Bank on Friday announced a slew of relief measures for its customers in Malaysia who are affected by Covid-19, as the virus outbreak situation in the country takes a turn for the worse.

UNITED Overseas Bank (UOB) on Friday announced a slew of relief measures for its customers in Malaysia – both businesses and individuals – affected by Covid-19, as the virus outbreak situation in the country takes a turn for the worse.

CGS-CIMB has upgraded OCBC to "add" from "hold" as the bank's shares now trade close to their 0.8 price-to-book value ratio seen during the global financial crisis (GFC), dipping 27 per cent year-to-date.

WHILE policymakers are pulling out all the stops from rate cuts and asset purchases to the unprecedented shutting down of borders to save their epidemic-hit economies, financial markets remain freaked out by Covid-19.

THE Monetary Authority of Singapore (MAS) on Thursday said it has issued prohibition orders ranging from six to 12 years on six individuals, who were formerly insurance agents and bank employees. 

SINGAPORE is aiming to build active derivatives trading off a transition benchmark rate - known as the Singapore Overnight Rate Average (Sora) - by the end of this year, as the Republic keeps on track to shift from the Sing-dollar Swap Offer Rate (SOR) that underpins the S$3.5 trillion Singdollar...

DBS has joined a growing number of economy watchers <a href="https://www.businesstimes.com.sg/government-economy/some-economists-look... target="_blank">warning of a full-year recession</a> in Singapore.

PRUDENTIAL plc on Thursday said its Thai subsidiary, Prudential Life Assurance (Thailand), has entered into a strategic bancassurance partnership with TMB Bank.

THE introduction of up to two new digital full banks in Singapore may shape up to be a rewards-driven pursuit, with over half of consumers willing to bank with non-traditional providers enticed primarily by "offers and promotions upon sign-up".