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THE extent of the latest support announced by Singapore's financial industry and the Monetary Authority of Singapore (MAS) for distressed property owners and small and medium-sized enterprises (SMEs) shows the depth and breadth of the current economic downturn, a Citi report said late on Tuesday.

THE extent of the latest support announced by Singapore's financial industry and the Monetary Authority of Singapore (MAS) for distressed property owners and small and medium-sized enterprises (SMEs) shows the depth and breadth of the current economic downturn, a Citi report said late on Tuesday.

STANDARD Chartered said it is on track to grow its private banking assets to US$100 billion in the next two to four years, even as the virus fallout continues to roil global markets, a senior executive from the bank told The Business Times.

HIGHER business loans were the main boost to total bank lending in February amid the coronavirus outbreak that began late January, but analysts are flagging weaker growth ahead as the crisis continues to dampen business sentiment.

FINANCIAL institutions in Singapore are to walk single file on how certain relief measures should be structured to allow distressed property owners and small- and medium-sized enterprises (SMEs) a pause on debt repayments or payments on insurance if hit with a sharp loss of income.

DISTRESSED homeowners can soon apply to banks or finance company to defer either just the principal payment or both principal and interest payments, by up to December 31, 2020, amid the virus outbreak, according to latest measures by the Monetary Authority of Singapore (MAS) and industry bodies that...

DRIVEN by higher business loans amid the virus outbreak that began late January, bank lending in Singapore inched up 0.2 per cent in February from a month ago, fresh preliminary data from the Monetary Authority of Singapore showed on Tuesday. 

IN JUST a year, DBS has doubled its used-car loan market share as it muscled into a space traditionally dominated by lenders like Hong Leong Finance and Maybank.

DIGITAL bank licence-contender MatchMove is taking a strategic stake in Shopmatic, a Singapore-based start-up that offers a suite of solutions for companies to start and manage their e-commerce businesses.

STANDARD Chartered on Monday said it will set aside US$1 billion to finance companies that are providing goods and services to tackle the Covid-19 outbreak.