Financial Services

Why omni-channel payments need to be the new norm in retail

Electronic payments account for 69%1 of consumer transactions in Singapore – just slightly higher than the global average of 65%. The country’s e...

Singapore gives toughest sentence yet in 1MDB probe

A former wealth planner was sentenced with 30-month jail term.

Singapore's bond market declines to 7-year low

It posted an 18.5% decline in proceeds from last year.

More consumers in Asia Pacific becoming late-paying clients: survey

2 in 5 collection managers say more consumers are paying 60-days past-due.

Singapore bond market faces $22b refinancing bill

This came as Fed raised policy rates by 25bp.

UOB allows customers to use phones as security token

It launched the UOB Mighty Secure feature.

Chart of the Day: Check out the banking sector's NPL ratios by sector

Overall NPL ratio increased to 2.1%, led by manufacturing, and transport, storage and communications.

Fitch bearish on Singapore banks amidst worsening asset quality

Total exposure to O&G sector stood at $16.1bn or 17% of core capital.

South Korean banks face increased performance uncertainty: Fitch

Blame it on higher credit costs from ongoing restructuring.

Singapore banks set for 11% earnings rebound next year

Thanks to an estimated 8-10bps rise in net interest margins.