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SINGAPORE has fallen one rung to fourth place in this year's Global Fintech Rankings. And while it still takes the top spot among countries in the Asia-Pacific, the Republic faces stiff competition from countries like Australia, China and Japan, which have moved up the leaderboard this year.

MC Payment's sponsor and board nominating committee (NC) are disagreeing over the suitability of the directors controlling shareholder Ching Chiat Kwong is proposing to add to the board, including himself.

MORE than 540,000 Central Provident Fund (CPF) members paying home protection scheme (HPS) premiums annually will enjoy an average reduction of 10 per cent on their premiums from July 1, 2021.

CENTRAL bankers have been resorting to "jawboning" of late in order to curb inflation expectations.

THE lack of a common language on green finance and incomplete data on climate risk characteristics of infrastructure assets are among the key barriers standing in the way of unlocking private capital to support Asia's future infrastructure needs, said Second Minister for Finance and National Development Indranee Rajah....

CENTRAL banks will lead the way in the issuance, control and regulation of digital currencies. This is the key message in a significant chapter on central bank digital currencies (CBDC) in the Bank for International Settlements' (BIS) latest annual report on Wednesday.

THE lack of a common language on green finance and incomplete data on climate risk characteristics of infrastructure assets are among the key barriers standing in the way of unlocking private capital to support Asia's future infrastructure needs, said Second Minister for Finance and National Development Indranee Rajah....

DBS has completed Singapore's first export financing transaction referencing the US dollar (USD) Secured Overnight Financing Rate (SOFR) with food and agri-business, Bunge, the bank announced on Wednesday.

THE Monetary Authority of Singapore (MAS), through its mystery shopping exercise (MSE) for financial advisers (FAs), found that roadshow sales had more incidences of unsuitable recommendations and inappropriate influence than through customer referrals.

THE number of millionaires in Singapore is expected to jump by 61.9 per cent by 2025 to about 437,000, from the current 270,000, according to a global wealth report by Credit Suisse.