FINTECHS seeking inroads here as a "digital-only bank" cannot operate on a one-size-fits-all if they are to compete in a well-banked environment in Singapore, OCBC's group chief executive officer Samuel Tsien told The Business Times.
KUALA LUMPUR: The US government has begun returning to Malaysia around US$200 million recovered from asset seizures linked to state fund 1MDB, with about a quarter of the amount already repatriated, the two countries said on Tuesday (May 7). Malaysian and US authorities say about US$4.5 billion ...
WASHINGTON: The first time President Donald Trump threatened tariffs on the luggage that Tiffany Williams imports for her Texas store, she stockpiled high-end suitcases and other products ahead of the deadline to protect profits. This time, she may not have that option. Trump on Sunday (May 5) ...
Uber co-founder and former CEO Travis Kalanick used to tell investors he liked to keep his company teetering between order and chaos.
SYDNEY: Australia central bank left interest rates on hold on Tuesday (May 7), brushing off calls for a cut to protect the country's 27-year recession-free run, with officials saying the economy was still in "reasonable" shape despite weak inflation and wage growth. Keeping the cash rate at a ......
SINGAPORE: Singapore's central bank is studying whether to allow financial technology firms to operate digital-only banks in the city-state, it said, following moves by regulators in other Asian markets to issue virtual banking licences. Singapore is among several financial centres in the region ...
SINGAPORE: SingPost has attributed a net loss of S$75.1 million in its fourth quarter to equity holders, reversing from a net profit of S$31.8 million a year ago, according to results released by the postal service on Tuesday (May 7). SingPost's results for the three months ended Mar 31 reflected ...
THE Monetary Authority of Singapore (MAS) said on Tuesday it is studying whether to admit digital-only banks that have emerged out of fintech firms as licensed entities.
Asian shares wallowed near five-week lows on early Tuesday after U.S. President Donald Trump's threat to raise tariffs re-ignited worries about U.S.-China trade tensions while Japan's Nikkei opened down after a 10-day break.
Anadarko Petroleum Corp said on Monday that its board backed a US$38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk away from the takeover contest.
