Financial Services
Big three banks average 4.2% total returns in August: SGX
OCBC, DBS, and UOB maintained a combined net interest income of $5.4b in Q2.
Big three banks average 4.2% total returns in August: SGX
OCBC, DBS, and UOB maintained a combined net interest income of $5.4b in Q2.
Aon forms Singapore coalition for economic recovery
It will focus on work, travel and convene efforts across leading businesses.
MAS floats new SGD facility for banks
Collaterals including cash and marketable securities will be accepted.
UOB, CapitaLand agree on dual tranche SORA-SOFR loan
The $200m will be used for general corporate purposes.
DBS floats SORA-pegged business property loan for SMEs
SME business property owners can borrow up to 80% of their property value.
How Spenmo helps businesses secure direct loans
The platform also allows merchants to effectively manage expenses.
Chart of the Day: Total stock buyback consideration hits $15.1m in August
STEngg and Keppel led the buyback consideration.
DBS gains regulatory approval to set-up JV securities company in China
It will engage in brokerage and securities investment consulting, amongst other services.
Chart of the Day: Singapore bank loans up 0.9% in July
This was driven by a 1.9% growth in business loans.
SGX, HSBC, Temasek completes pilot digital bond for Olam International
SGX successfully replicated a $400m 5.5-year public bond issue by Olam.
SC-SCTS outlines SOR's role as fallback rate
Transition from SOR to SORA is expected before end-2021.
Economic fallout hits on Singapore banks' outlooks: Fitch
Impaired loan ratios are expected to more than double from end-2019 levels.
MAS, MOM to raise minimum qualifying salary for EP holders in finance
They are expecting job creation to be slower in H2.
Fintech firm Fave unveils QR payments to DBS PayLah, Singtel Dash users
Users buying from Fave’s partner merchants will receive up to 20% instant cashback.
DBS, Wilmar ink Singapore's first SORA agribusiness loan
Wilmar has option to enter into a SORA interest rate swap.
OCBC's Bank Data Certification Pathway gains IBF accreditation
Successful programme participants will now be qualified as data analysts.
NETS, Singtel team up to expand digital cross-border payment services
It leverages Singtel’s ConnectPlus Managed Network and AWS’ cloud computing platform.
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