AMID the liberalisation of Singapore's banking sector with digital-only entrants, the incumbents "at best" face significant competition for 3 to 5 per cent of their asset base, according to a report by Jefferies on Friday.
SINGAPORE: Oil prices soared more than 4 per cent on Friday (Jan 3), after a US air strike killed key Iranian and Iraqi military personnel, raising concerns that escalating Middle East tensions may disrupt oil supplies. Brent surged as much as 4.4 per cent to US$69.16 and WTI jumped...
Asian shares extended their New Year's rally on Friday after Wall Street struck another record high on fresh Chinese stimulus while oil spiked after U.S. air strikes in Iraq heightened geopolitical tensions.
MAINBOARD-LISTED iFast Corporation has led a consortium with two China partners to apply for a Singapore digital wholesale bank licence in December 2019.
CHINESE tech firms are edging into Singapore's banking sector, with top names throwing their bids in for digital wholesale bank licences here.
SINGAPORE: Plastic has developed a bad reputation for the impact it has on the environment. Ocean conservancy groups have estimated that about 8 million tonnes of plastic-based products from bags to bottles and straws end up in the sea each year harming marine life. Plastic items also choke ......
BEIRUT: Carlos Ghosn claimed on Thursday (Jan 2) he organised his dramatic escape from bail in Japan alone as the disgraced auto tycoon enjoyed his first days of freedom in Beirut despite an Interpol arrest notice. The exact circumstances of the former Renault-Nissan boss's escape from a case he...
Contractors are required to do much more than the job in hand before they are paid for it, says Iona Bain.
Laos' economic development depends alot on mining and hydropower, which breeds new risk for the country's ambitions to graduate from the United Nation's Least Developed Country status in 2024.
The Dow Jones Industrial Average advanced 330.36 points (1.16 per cent) to 28,868.80.
