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US private equity giant Blackstone Group is planning to buy Lucasfilm's iconic Singapore facility, The Sandcrawler, at an indicative price of nearly S$175.8 million, The Business Times (BT) has learnt.

US private equity giant Blackstone Group is planning to buy Lucas Real Estate Singapore's iconic facility, The Sandcrawler, at an indicative price of nearly S$175.8 million, The Business Times (BT) has learnt.

OCBC has launched a consumer loan for landed property homeowners looking to install solar panels on their homes.

OCBC has appointed a seasoned hand in Greater China Helen Wong to be its new group chief executive officer from April 15.

Becoming a bank will shrink Ant. Regulators are set to treat Jack Ma's financial group more like a regular Chinese lender. Though it has enough capital to support its existing online credit business, growth prospects will dim and its US$300 billion-plus valuation will shrivel.

PRODUCTIVITY and capital management will get most banks through the Covid-19 crisis. But if they are to thrive in a long winter of anaemic interest rates and economic challenges, they will need agility, new business models and an emphasis on environmental, social and governance (ESG) considerations.

OCBC has appointed Helen Wong as its new group chief executive officer (CEO) from April 15.

UOB announced on Friday that it has successfully priced capital securities with a reset coupon rate that references the Singapore Overnight Rate Average Overnight Indexed Swap (Sora-OIS) rate, which is believed to be the first in Singapore.

SINGAPORE-BASED crowdfunding platform CA Funding - formerly known as CoAssets - has thrown in the towel and is in the process of winding down, but there is no sign it is a harbinger of the collapse of others in the peer-to-peer lending space, said industry watchers.

IT is likely to be a long-drawn affair for CoAssets' promissory noteholders to claw back their investments - if they were to get back any at all, said industry watchers.