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Razer Fintech partners Rely to offer buy-now-pay-later services in South-east Asia

RAZER Fintech, the fintech arm of gaming hardware and software firm Razer, is partnering buy-now-pay-later (BNPL) service provider Rely to provide BNPL services in South-east Asia for merchants registered under Razer's business-to-business solution, Razer Merchant Services (RMS).

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MAS to further extend US$60b swap facility with US Federal Reserve

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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Slight uptick in Singapore business confidence for another quarter: SCCB

BUSINESS confidence among Singapore firms saw a slight uptick in Q1 2021 but remained in the contractionary zone, according to the business optimism index study released by the Singapore Commercial Credit Bureau (SCCB) on Wednesday.

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Prudential’s Eastspring appoints new chief operating officer

EASTSPRING Investments, the Asian asset management business of Prudential plc, on Wednesday announced the appointment of Lilian Tham as its new chief operating officer (COO) with effect from Jan 4, 2021.

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Singapore falls two places in cost of living rankings on weaker SGD: ECA International

SINGAPORE has fallen two places to rank 14th among the most expensive locations in the world for expatriates, mainly due to a weaker Singapore dollar (SGD) resulting from the local economic impacts of the Covid-19 pandemic.

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Asian corporates risk taking USD funding for granted

AS VOTE tallies in the US elections spilled into headlines over several days in November, DBS's chief dealmaker in bonds was hardly keen to place bets on the final victor.

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Singtel, UOBAM to launch mobile robo-adviser for individual investors

SINGAPORE Telecommunications (Singtel) and UOB Asset Management (UOBAM) are collaborating to roll out "dynamic and personalised" robo-advisory investment solutions for individuals next year.

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Credit Suisse wealth management growth to remain robust

CREDIT Suisse's business model has proved to be resilient through the Covid-19 crisis, and growth in its global wealth management business remains "very robust", the bank's group chief executive Thomas Gottstein told The Business Times.

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Citibank Singapore to double AUM by 2025 in big wealth push

CITIBANK Singapore aims to step up the pace of growth of its wealth business here, with ambitions to double its assets under management (AUM) and to triple the number of clients by 2025, said a top executive.

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Bank regulators mull adjustments to caps on dividends

DIVIDEND-focused investors in Singapore may have been excited by news reports this past week that the United Kingdom's Prudential Regulation Authority (PRA) will allow banks under its charge to begin paying dividends again.

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