THE Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) on Thursday announced the linkage of both countries' real-time retail payment rails to facilitate faster and cheaper cross-border transfers.
EYES will be on Singapore banks' acquisition plays in the region as the trio release their first-quarter results, with asset quality largely stable following the expiry of debt holidays.
SINGAPORE as a wealth centre is gaining ground at a surer pace, capturing the rise of South-east Asia's new companies and more family offices setting up in the region, said a top executive from UBS on Wednesday.
WHILE the recent implosion of US investment fund Archegos Capital Management continues to dominate headlines, a number of mega banks around the world have nonetheless reported major improvements to their financial performance this earnings season.
DBS, JPMorgan and Temasek will set up an open industry platform to tackle the age-old pains behind facilitating flows for payments, trade and foreign exchange settlement.
WHILE the recent implosion of US investment fund Archegos Capital Management continues to dominate headlines, a number of mega banks around the world have nonetheless reported major improvements to their financial performance this earnings season.
DBS, JPMorgan and Temasek jointly announced plans to establish an open industry platform to accelerate value movements for payments, trade and foreign exchange settlement in an increasingly digital era.
DBS, JPMorgan and Temasek will set up an open industry platform to tackle the age-old pains behind facilitating flows for payments, trade and foreign exchange settlement.
