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ZA Tech, OVO to launch new insurtech business in Indonesia

ZA Tech Global and the holding company of OVO Group have tied up to launch a new insurtech business in Indonesia, they said on Tuesday in a joint press statement.

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SGX-backed iSTOX lists unicorn fund with US$20,000 minimum investment

CAPITAL markets platform iSTOX has listed a unicorn fund in digitised securities form, paving the way for accredited investors to access such funds with a minimum investment of US$20,000.

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OCBC extended more than S$1b in Sora-linked home loans since launch

MORE than S$1 billion of home loans linked to Sora (Singapore Overnight Rate Average) - an alternative interest rate benchmark - was extended by OCBC Bank in less than six months since its launch, the lender said on Tuesday.

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MediShield report: Panel of oncologists to look into high cost of cancer drugs

CHEMOTHERAPY claims have risen significantly for MediShield Life, and what is worrying is that the cost of cancer drugs in Singapore is also markedly higher than some places in the region.

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Aleta Planet launches AP-1 virtual card that allows foreigners to make cashless payments in and to China

AFTER some delays due to the Covid-19 pandemic, Aleta Planet has finally launched on Friday its AP-1 virtual card, which will allow Singaporeans and foreigners to make cashless payments like a local when they are in China, without the need to set up a bank account there.

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The asset manager arms race has only just begun

FOR years, the asset-management industry has braced itself for shocks. In 2018, US$369 billion poured out of long-term mutual funds in favour of exchange-traded funds (ETFs), a record at the time.

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StanChart issues electronic banker’s guarantee to Nordic Group unit on Singapore’s NTP

STANDARD Chartered (StanChart) has issued a banker's guarantee to its client Nordic Flow Control on Singapore's one-stop trade and logistics ecosystem, the Networked Trade Platform (NTP).

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StanChart enables access of banker’s guarantees via NTP’s CamelONE portal

STANDARD Chartered (StanChart) has enabled access of banker's guarantees beginning with its client, Nordic Flow Control, on the Networked Trade Platform (NTP).

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AIA to extend free Covid-19 special coverage for customers, staff till mid-2021

AIA SINGAPORE will extend its free Covid-19 special coverage to the end of June 2021, it said in a press statement on Friday.

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MAS to further extend US$60b swap facility with US Fed

THE Monetary Authority of Singapore (MAS) will again extend its US$60 billion swap arrangement with the US Federal Reserve through Sept 30, 2021. In turn, the MAS USD Facility will also be extended till then, offering up to US$60 billion of funding to banks, to facilitate lending to...

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