WONG Kee Joo, most recently HSBC's Asia-Pacific head for global liquidity and cash management, will take over as the bank's Singapore CEO from June 1, according to an internal memo seen by The Business Times on Monday.
GLOBAL logistics property player GLP has obtained its first sustainability-linked (SL) loan of US$658 million from 10 undisclosed banks that participated in the deal.
DIGITAL payments services firm MC Payment made its Catalist debut on Monday morning following the successful completion of the reverse takeover (RTO) of Artivision Technologies on Feb 18.
THE maximum central clearing tenor for over-the-counter Singapore Overnight Rate Average (Sora) derivatives by global clearing house LCH has been extended to 21 years from 5.5 years previously.
INCOME from lower-risk investments is a highly prized attribute, but it is elusive. As at mid-December an estimated US$18 trillion of government debt is negative yielding globally, of which investment grade debt's share is 27 per cent.
INVESTMENT into the region may be down thanks to the Covid-19 pandemic, but UOB's foreign direct investment (FDI) advisory team still sees strong interest from companies according to Ian Wong, head of group international management at UOB.
DBS is facing legal tussles in India arising from its recent takeover of troubled Lakshmi Vilas Bank (LVB), but maintains that provisions have already been made on this front.
THE new Significant Infrastructure Government Loan Act (SINGA) bonds will qualify as liquid assets that financial institutions (FIs) can hold to meet regulatory requirements, The Business Times has learnt.
SINGAPORE banks may see some margin compression as the industry transitions to risk-free reference rates, but there is no race to the bottom for loan pricing in the next few years, said analysts.
THE Singapore courts have dismissed allegations of fraud against Singapore-based marketing consultant Capital Asia Group (CAG) and its sole director brought by more than 1,000 multinational investors over an oil investment scheme.
