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.
THE big swings in global financial markets due to the virus fallout present the first big test for robo-advisers in Singapore - young digital upstarts that only penetrated the local wealth scene some five years ago.
FALLING interest rates have cascaded down to both deposit and lending products - from Singapore Savings Bonds (SSB), fixed deposits (FD) and home loans to savings deposits.
FITCH Solutions has lowered its forecast for the Singapore dollar's (SGD) 2020 average exchange rate to S$1.425 per US dollar (USD), from its previous average forecast of S$1.385, in light of the Covid-19 crisis.
THE June issue of Singapore Savings Bond (SSB) has hit the lowest rates since its launch in 2015.
THE June issue of Singapore Savings Bond (SSB) has hit the lowest rates since its launch in 2015.
FITCH Solutions has lowered its forecast for the Singapore dollar's (SGD) 2020 average exchange rate to S$1.425 per US dollar (USD), from its previous average forecast of S$1.385, in light of the Covid-19 crisis.
FINANCIAL products comparison site GoBear on Monday said it has acquired Singapore-based digital lender AsiaKredit for an undisclosed sum. 
THE Investment Management Association of Singapore (IMAS) has launched a new online portal for investment management professionals working in Singapore to upskill. 
DBS'S latest guidance following its Q1 results is likely to bring the local banking sector to closer certainty of credit costs hitting previous crises levels, though relief measures from the government and guidance from the Monetary Authority of Singapore (MAS) on what defines defaults does change how...
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