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UOB to launch digital bank TMRW next in Indonesia this year

UNITED Overseas Bank (UOB) will launch its digital bank, TMRW, next in Indonesia this year.

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Sing dollar breaches 1.40 against USD as recession concerns grow

THE Singapore dollar plunged to 1.40 against the US unit on Thursday, reflecting growing recession fears as new reported cases of Covid-19 - while slowing down inside China - seem to be picking up pace in the rest of the world.

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iFast aims to crack 20% ROE through digital banking in 5 years

MAINBOARD-LISTED iFast Corporation is targeting an ambitious 20 per cent return on equity (ROE) from its digital banking outfit in the next five years, with the firm "confident" of receiving a wholesale licence come mid-2020, said its top executive.

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Fintech investments in Singapore more than double in 2019

FINTECH investments in Singapore more than doubled to US$861 million in 2019 from the year before, led by big gains in funding to payments and insurtech startups.

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Fintech investment in Singapore more than doubled in 2019: Accenture

FINTECH investments in Singapore more than doubled to US$861 million in 2019 from the year before, led by big gains in funding to payments and insurtech startups.

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ESR Cayman to issue S$225m in 5-year senior notes

LOGISTICS real estate giant ESR Cayman, the sponsor of Singapore mainboard-listed ESR-Reit, on Thursday said it will offer S$225 million worth of five-year notes at par.

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Higher costs seeping into supply chains with virus outbreak: OCBC

DISRUPTIONS to regional supply chains amid the Covid-19 outbreak have bumped costs up by almost 20 per cent for some traders and distributors as they scramble to find alternative suppliers outside of China, a senior executive at OCBC told The Business Times (BT).

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Young leaders from Singapore business families set up S$5m fund for SMEs

YOUNG leaders from six prominent business families in Singapore, which include Goldbell Group and Super Group founder's investment firm Apricot Capital, are behind a S$5 million fund to provide financing help for local enterprises hit by the impact from the virus outbreak.

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Great Eastern’s Q4 profit more than doubles to S$287m

A REBOUND in investments due to favourable financial market conditions gave a fillip to Great Eastern's fourth-quarter bottom line.

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Grab, Chubb to provide free Covid-19 insurance benefit to driver-partners

RIDE-HAILING firm Grab and insurer Chubb are providing driver-partners and delivery-partners a free insurance benefit effective Wednesday until March 19.

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