News

  • 28
    Dec

    High net worth, mass affluent offer private banks best potential

    The Business Times by GENEVIEVE CUA

    Singapore PRIVATE banks enjoyed robust net inflows in 2018, but risk appetite has turned cautious in the wake of the market downdraft and worries over the fallout from US-China trade tensions. There is a silver lining to the market volatility, however.… More

  • 27
    Dec

    Singapore capitalising on growing fintech remittance industry

    The Straits Times by NG JUN SEN

    New high-tech players with their low fees and virtually instant mobile transactions are shaping up as one of the most disruptive forces in the financial industry. And Singapore is capitalising heavily on this trend, buoyed by its large migrant workforce… More

  • 12
    Dec

    Great Eastern to acquire Indonesia insurance firm for US$28m

    The Business Times by JANICE HENG

    Singapore GREAT Eastern Holdings is acquiring Indonesia-registered PT QBE General Insurance Indonesia for US$28 million (S$38.4 million), as part of its broader strategy of building its general insurance operations into a significant business pillar… More

  • 11
    Dec

    Singapore private banks target Middle East, NRI clients

    The Business Times by SIOW LI SEN

    Singapore SINGAPORE'S private banks are stepping up efforts to capture new clients in the Middle East market, which includes a significant non-resident Indian (NRI) segment. India has the largest diaspora population in the world, with as many as 16… More

  • 04
    Dec

    MAS unveils S$30m grant to bolster cybersecurity

    The Business Times by NG REN JYE

    Singapore THE Monetary Authority of Singapore (MAS) on Monday launched a S$30 million Cybersecurity Capabilities Grant to raise the cybersecurity capabilities of the financial sector and help financial institutions develop local talent in cybersecurity.… More

  • 28
    Nov

    DBS to expand in Middle East, will double number of private bankers

    The Business Times by SIOW LI SEN

    Singapore DBS plans to expand in the Middle East, homing in on a growing wealth segment that looks towards Asia for investment opportunities, the bank said on Tuesday. It will make its Dubai office a strategic hub for the Middle East, positioning itself… More

  • 22
    Nov

    Singapore among choice locations for finance companies

    The Business Times by NISHA RAMCHANDANI

    Singapore HONG Kong, Tokyo and Singapore are choice destinations in the region for finance companies to be based, a study said, with the financial services sector expected to continue to play a key role in growth for the region. The report by Colliers… More

  • 21
    Nov

    DBS makes new appointments to transaction banking team in bid to grow business

    The Business Times by NISHA RAMCHANDANI

    Singapore DBS Bank has made new appointments to its transaction banking team as the lender seeks to grow the business. Sriram Muthukrishnan, who joins the bank from HSBC, has been appointed group head of global transaction services (GTS) trade product… More

  • 21
    Nov

    The brave new world of digital currencies

    The Straits Times by VIKRAM KHANNA

    Imagine this: One day, the Monetary Authority of Singapore (MAS) decides to issue its own digital currency for use by residents. High-denomination currency notes (S$50 notes and above) are abolished. You are invited to open a bank account at the MAS.… More

  • 15
    Nov

    Three global banks open innovation labs in Singapore

    The Business Times by JAMIE LEE ,TAY PECK GEK

    Singapore THREE global banks on Wednesday launched their respective innovation labs in Singapore amid the Singapore FinTech Festival. Bank of China opened its first global fintech innovation lab in Singapore to spearhead its worldwide research and development… More