Financial Services
DBS to become largest shareholder of Shenzen bank
DBS Bank is set to acquire a 13% stake in Shenzhen Rural Commercial Bank and a seat on its board of directors.
DBS to become largest shareholder of Shenzen bank
DBS Bank is set to acquire a 13% stake in Shenzhen Rural Commercial Bank and a seat on its board of directors.
Fintech startup STACS bags $5m in pre-Series A funding round
The investment round has been led by Wavemaker Partners, Tribe Accelerator, and Stellar Partners.
Jaime Taylor joins Chaucer Singapore's Political Risks and Credit team
Taylor will join the team as a class underwriter, bringing nearly 20 years of experience to the position.
DBS targets zero thermal exposure by 2039
DBS will cease onboarding new clients who derive more than 25% of their revenue from thermal coal.
MAS slams Bank J. Safra Sarasin's Singapore branch with $1m fine
Bank J. Safra Sarasin is at high risk of being used as a conduit for illegal activities, MAS has warned.
MOH forms 12-member health insurance committee
It will be the main platform through which the Government will address health insurance issues.
MC Payment buy-now-pay-later transactions cross $500,000 mark
It has also seen steady pick-up in transaction volumes recently.
Citi rolls out digital credit cards in Singapore
Customers will receive the card through the Citi Mobile app.
Lendlease appoints Justin Gabbani as new CEO, Asia
Gabbani will take over from Tony Lambardo who will be the group’s new global CEO.
UOB names Eric Lim as chief sustainability officer
UOB has named Eric Lim as its first chief sustainability officer, an announcement read.
UOB prices Singapore's first sustainability bond offering
UOB raised $2b with a final order book of $3.7b.
Instarem launches Singapore mobile app, new brand image
The initiatives are part of its rebranding to “move beyond” digital remittances.
Fundamental shifts in financial management needed in 'next normal': report
83% needed to do financial planning and budgeting at least twice a year, according to a new survey.
60% of property loan customers drawn to SORA-based interest rates stability: UOB
However, 70% are still familiarising themselves with SORA-pegged products.
Pandemic pushed more adult Singaporeans to plan retirement: report
64% of those aged 31-40 willing to forego capital for higher returns.
DBS to finance Indonesia's first high pressure acid leach smelter
The smelter will manufacture key components for the ongoing production of electric vehicles.
Bluecell, STACS partner for blockchain tech supporting green loans
Bluecell will connect its loans-matching engine with GreenSTACS.
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