Financial Services
Temasek's Vertex Ventures raises US$230m in first close of Southeast Asian fund
The fund will back tech startups in the region and India.
Temasek's Vertex Ventures raises US$230m in first close of Southeast Asian fund
The fund will back tech startups in the region and India.
UOB to reduce reliance on Singapore
Nearly half or 40% of total group operating profit already comes outside Singapore.
$4.1b of arrears owed to small businesses in 2018
Almost a fifth remain unpaid in 2019.
Singapore's billionaire population down 11.4% in 2018 amidst equities rout
High-net worth wealth also fell 8.8% to US$84b.
MAS renews Bilateral Currency Swap deal with China
A maximum of CNY300b will be available to eligible Singapore firms.
Maybank Singapore targets the elderly in new integrated banking package
They will have access to products such as endowment and retirement plans.
MAS issues prohibition orders against three individuals for dishonest conduct
They include former representatives of Jefferies Singapore and Legacy FA.
OCBC's profit jumped 11% to $1.23b in Q1
Non-interest income surged 24% to $1.14b.
New business premiums in life insurance up 1% to $937.2m in Q1
The uptake in annual premium buys offset the decrease in single premium product purchases.
UOB gives SMEs the digital leg-up in Shopmatic partnership
Small firms can now build customised websites within 15 minutes.
Grab eyes spinning off financial business: report
Sources claim that Grab is aiming to raise less than US$500m in the process.
MAS mulls licenses for virtual banks
The DBS CEO earlier echoed a similar stance.
OCBC develops paper-lite trade finance platform to combat forgers
The move is part of its goal to grow its trade finance business which saw revenue growth of 20%.
The steady rise of e-payments in Singapore
The results of a global survey published by PricewaterhouseCoopers (PwC) confirm that Asia remains the leading growth region for mobile payments. In...
SGX taps MyInfo to roll out paperless CDP account opening service
Customers can apply and submit their applications without the need to provide physical documents.
UOB unveils online utility marketplace
Consumers can choose from a wide array of electricity, gas, water, broadband and TV service providers.
HSBC names Tze Tze Lee as product and propositions head of trade and receivables finance
Lee was formerly head of product management, trade finance at OCBC.
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