THE Monetary Authority of Singapore (MAS) said on Wednesday that it is conducting additional stress tests to assess whether it is necessary to extend the current dividend restrictions on local banks.
SWISS commodities trading giant Trafigura on Wednesday said it has completed the first funding for a US$155 million, closed-ended three-year committed prepayment portfolio fund.
BANK lending in Singapore rose 0.2 per cent in May as business loans pick up and loans to consumers hold steady, data from the Monetary Authority of Singapore showed on Wednesday.
WITH Laguna National in the red for a sustained number of years, pioneer members who took up debentures to help finance construction of the golf and country club are not likely to get their money back, said the club's owner Peter Kwee.
UOB has lost a long-running legal tussle against developer Lippo Marina Collection (LMC), with the Singapore High Court throwing out the bank's claims that Lippo had inflated mortgages to get higher housing loans.
UOB has lost a long-running legal tussle against developer Lippo Marina Collection (LMC), with the Singapore High Court throwing out the bank's claims that Lippo had inflated mortgages to get higher housing loans.
BUSINESS-to-business (B2B) marketplace Trustana on Tuesday announced a strategic collaboration with OneConnect Financial Technology with the aim of facilitating growing trade opportunities between small and medium-sized enterprises (SMEs) in Singapore and China.
THE Monetary Authority of Singapore (MAS) has assessed investments by three licensed fund managers into an entity linked to a S$1 billion fraud scheme, and determined the impact on the fund management industry to be "limited", it said on Monday.
