DESPITE the unknown stresses thrown up by the novel coronavirus pandemic, all 21 digital banking contenders in Singapore have stayed the course. The Business Times understands that no names have withdrawn from the race.
DBS Bank has priced floating-rate notes with the Singapore Overnight Rate Average (Sora) as the reference rate for the calculation of interest - said to be an industry first.
EMERGING market central banks are launching asset purchase programmes to help mitigate the economic impact of coronavirus, a fresh test of unconventional policy tools that were only adopted by developed economies a decade ago.
UNITED Overseas Bank (UOB) on Wednesday posted a 19 per cent fall in Q1 net profit on declining margins and a surge in impairment charges, bringing its earnings to the lowest level in just over two years.
DESPITE the unknown stresses thrown up by the novel coronavirus, all 21 digital banking contenders in Singapore have stayed the course. The Business Times understands that no names have withdrawn from the race.
GREAT Eastern Holdings on Wednesday posted a 90 per cent drop in net profit to S$33.9 million for the first quarter ended March 31, 2020 from S$342.7 million a year ago.
UOB has approved S$4 billion in loans under Enterprise Singapore's (ESG) temporary bridging loan programme (TBLP) since the government increased its risk-share of such loans to 90 per cent a month ago.
ARA Asset Management chief executive officer (CEO) John Lim's family office, JL Family Office, and the group's property management arm have jointly acquired a 52.08 per cent stake in crowdfunding platform Minterest for an undisclosed sum.
United Overseas Bank (UOB) Tuesday said it has approved S$4 billion in loans under Enterprise Singapore's (ESG) temporary bridging loan programme (TBLP) since the government increased its risk-share of such loans to 90 per cent a month ago.
