Singapore

3 in 5 Singaporeans open to digital-only banks

More than half are willing to jump to new players with no prior banking experience.

3 in 5 Singaporeans open to digital-only banks

More than half are willing to jump to new players with no prior banking experience.

MAS asks financial firms to ensure COVID-19 distancing measures

Online platforms and employee distancing should be implemented.

MAS may reduce S$NEER policy band to neutral: analyst

Re-centering the band remains unlikely for now.

Credit searches by local firms down 24.06% in 2019

This is the first contraction seen following seven consecutive years of growth.

DBS Group names two independent board directors

CapitaLand’s Anthony Lim and pharma director Punita Lal will join DBS on 1 April.

SPH unit scraps purchase of six Canada senior housing assets

They decided to terminate the agreement amidst the pandemic.

Temasek's top holdings plunged $34.24b in three months: report

Singtel is the biggest source of the decline as Temasek’s stake in it slumped $10.78b.

Share buybacks soared to 55-month high in March

The total consideration for the quarter nearly reached the full $544m figure in 2019.

Daily Markets Briefing: STI down 7.35%

UOB saw the sharpest decline amongst top active stocks with a 7.33% contraction.

Chart of the Day: Clothing and footwear spending to expand 4.9% by 2024

Each Singaporean is expected to spend $928 yearly on apparel in 2020.

Why companies should prioritise compliance during a worldwide pandemic?

Financial institutions around the world are facing greater operational and compliance risks with the emergence of the recent pandemic, Covid-19. Financial authorities and organisations everywhere are acknowledging these difficulties with the US Securities and Exchange Commission offering relief and guidance to registered funds and their investment advisers. In the EU, financial authorities have provided initial guidance to ensure continuity of business under financial stress.

Inflation down 0.1% in February

Falling costs of airfares and holiday expenses dropped.

OUE CREIT launches $2b multicurrency debt issuance programme

Proceeds may be used partly for refinancing the trust’s borrowings.

DBS provides $178.09m sustainable loan to HK listed REIT

Proceeds will be used for general corporate funding purposes.

Investment banking fee revenue down 58.7% to $134m in Q1

Advisory fees for M&A deals plunged 80.4% YoY to $16.04m.