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OCBC appoints its head of group operations and technology as new COO

OCBC on Thursday said it has appointed the bank's head of group operations and technology Lim Khiang Tong as the bank's group chief operating officer (COO), to drive and accelerate transformation.

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Asia’s private capital industry to hit US$6.1t by 2025, but structural challenges remain: Preqin

ASIA'S private capital industry is on track to reach US$6.1 trillion by 2025, but amid the momentum, take-off remains elusive as institutional investors are still limited by structural challenges unique to the region.

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Most Singaporeans unsatisfied with generic financing solutions from banks: survey

ABOUT 76 per cent of Singaporeans are unsatisfied with generic credit offers from their bank, with many seeking preferential pricing solutions and faster access to funds.

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DBS to be anchor investor in a special situations opportunities debt fund by Muzinich Asia Pacific

DBS announced on Thursday that it will be the anchor investor into a special situations opportunities private debt fund by Muzinich Asia Pacific.

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DBS to be anchor investor in a special situations debt fund by Muzinich Asia Pacific

DBS announced on Thursday that it will be the anchor investor into a special situations private debt fund by Muzinich Asia Pacific.

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MAS further extends US$60b swap facility with US Fed through December

THE Monetary Authority of Singapore (MAS) has again extended its US$60 billion swap arrangement with the US Federal Reserve through Dec 31, 2021.

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S$73.4m in notes held by Laguna pioneer members still unpaid due to golf club’s ‘financial position’

HUNDREDS of Laguna National's pioneer members who collectively took up tens of millions of dollars in debentures to help finance the construction of the golf club are at a loss as to whether they will get their money back.

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Bankers’ quarantine-free business travel plans to HK may face delays

SENIOR bankers eager to skip Hong Kong's 21-day quarantine and hit the ground running may have to wait longer than they might have expected. A Bloomberg report on Wednesday said the Financial Services and Treasury Bureau expects to "take some time" as it looks into the details of...

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MC Payment disputes Ching Chiat Kwong’s stand that board renewal is to safeguard his investment

MC Payment on Wednesday said it "cannot agree" with controlling shareholder Ching Chiat Kwong's suggestion that the company's poor financial performance has made it necessary for Mr Ching to safeguard his investment by asking for a board refresh.

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Sandbox to test central bank digital currency apps launched

THE Asean Financial Innovation Network or AFIN is launching a new digital currency sandbox so that banks and fintechs can experiment with central bank digital currency applications, or CBDCs, and drive global adoption.

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