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THE central banks of Indonesia and Singapore have extended their US$10 billion bilateral financial arrangement for another year.

OCBC does not expect a fresh wave of loan moratorium requests amid the extension of targeted debt holidays in Singapore, even as it continues to chalk up provisions to buffer against bad loans.

SINGAPORE banks posted lower profits for the third quarter of this year from a year ago, as the trio continue to bulk up provisions to cushion against bad loans as a result of the Covid-19 crisis.

UOB opened the Singapore banks' Q3 results season by rolling back some of its worst fears, as has been the case with the global banks.

THE suspension of Ant Financial's US$34 billion initial public offering (IPO) less than 48 hours before its trading debut is expected to dampen the valuation of Alibaba's fintech arm, as well as that of other Chinese fintech companies looking to list in Greater China or even in...

GREAT Eastern Holdings on Wednesday posted a 40 per cent rise in net profit to S$287.9 million for the third quarter ended Sept 30, from S$205.1 million a year ago.

ANT IPO SHOCK

ONE of the early signs that the Ant Group's US$35 billion initial public offer (IPO) had hit a snag was the curious tearing down of all its advertisements from billboards across Shanghai Metro stations before its scheduled Thursday debut. Reason: their contents allegedly promote unwelcomed values that...

Ant Group will survive the 11th-hour suspension of its blockbuster US$35 billion listing in Shanghai and Hong Kong if the company can learn from its technology peers. If there's one thing that founder Jack Ma and Chinese regulators probably agree upon, it's that finance and technology...

THE Monetary Authority of Singapore (MAS) is taking less time to complete reviews and investigations of criminal and civil cases, according to its enforcement report on Wednesday.