Financial Services
DBS extends enrollment deadline for COVID-19 relief insurance
The policy recorded more than 52,000 sign-ups in a day during its peak.
DBS extends enrollment deadline for COVID-19 relief insurance
The policy recorded more than 52,000 sign-ups in a day during its peak.
Singapore banks on downward spiral after US Fed cuts rate to nil
Loan yields are sighted to decline due to the lower benchmark rate.
AIA Singapore launches new policy features vs COVID-19
The enhancements are available to HealthShield Gold Max policyholders.
MAS says that local financial market is functioning normally
The regulator has left a higher level of liquidity in the banking system.
HSBC Singapore floats relief measures for mortgage, credit card customers
The bank has halved the revolving interest rate for up to six months.
COVID-19 could drive DBS and OCBC's dividends to over 6%
But net profit forecasts had been cut by 5.8% and 3.7%, respectively.
AIA Singapore's 2019 operating profit hikes 6% to $813m
Total weighted premium income rose 8% to $4.07m.
OCBC launches cheque encashment service in select ATMs
Customers will be able to encash up to $30,000 in a single cheque in ATMs at 23 branches.
Wirecard to process GrabPay transactions for MSMEs
It will also expand GrabPay to more merchants.
KKR names Chee-Wei Wong as Head of Global Impact for Asia
He will support impact-related portfolio companies across Asia Pacific.
CIMB Singapore plays to its strengths as neobanks loom
The bank is gearing up its tech and customer-employee experience amidst an increasingly tech-centered industry.
Maybank Singapore, Gem Residences unveil access card arrangement
Residents can use a Family & Friends card to access their property.
DBS CEO Piyush Gupta's pay rose 2.28% to $12.13m in 2019
The bank’s total income grew 10% for the period.
Card payments market to hit $158b in 2023
Credit cards took the lion’s share in market value at 60% in 2019.
Mapletree Investments clinch $310m sustainability loan from OCBC
The interest rate will be reduced should ESG targets be met.
Singapore most open to financial compliance in ASEAN
The region’s diverse economic developments and different regulators are seen as barriers.
MUFG-Grab deal shows Japanese banks' curiosity in SEA
But Fitch warns it could lead to higher costs and put pressure on profits.
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