News

  • 29
    Mar

    Local banks need to match S'pore's green push

    The Business Times by ANDREA SOH

    AS Singapore designates 2018 to be the Year of Climate Action, there has been much talk about how the country can play a role in leading the fight against climate change. The government has received some 70,000 pledges, including some by companies pledging… More

  • 28
    Mar

    Foreign banks are back. Are Singapore banks doing enough?

    The Business Times by SIOW LI SEN

    FOR the past decade it has been quite a breeze for Singapore's three banks to expand in the region and cement further their dominant position at home as international banks shrank their Asian operations in order to rebuild their capital following the… More

  • 23
    Mar

    UOB taps data analytics to spur lending to Asean small businesses

    The Business Times by JAMIE LEE

    Singapore UNITED Overseas Bank (UOB) is diving into data to move the dial in credit underwriting for small businesses in Asean. Its ongoing work over two years in applying data analytics shows it has been able to cut the turnaround time in a small business… More

  • 20
    Mar

    New S$240m OCBC data fortress comes with blast-proof walls

    The Business Times by CHIA YAN MIN

    Singapore IT may not be Fort Knox, but OCBC Bank's S$240 million new regional data centre comes with blast-resistant walls and full back-up power that kicks in when the external supply is cut. The six-storey facility - designed and customised to serve… More

  • 20
    Mar

    Swiss private bank Pictet expands in Singapore with wholesale licence

    The Business Times by SIOW LI SEN

    Singapore THE Pictet Group said on Monday that it has obtained a wholesale bank licence from the Monetary Authority of Singapore (MAS) to expand its operations here. The Swiss private bank said that its Singapore bank, Bank Pictet & Cie (Asia) Ltd (BPCAL),… More

  • 19
    Mar

    VP Bank to upgrade Singapore subsidiary to full branch

    The Straits Times

    The boutique VP Bank is upgrading its local subsidiary to a full branch in a bid to capture Asia's voracious appetite for credit, said Singapore chief executive Bruno Morel. The Liechtenstein-based bank, which celebrates its 10th anniversary in Singapore… More

  • 14
    Mar

    Grab Financial could disrupt banking sector

    The Business Times by JACQUELYN CHEOK

    Singapore BANKS might soon be the next taxis. Grab's new fintech platform Grab Financial - which it launched on Tuesday - will impact and may one day disrupt the banking sector much like its ridehailing services have disrupted the taxi sector, industry… More

  • 13
    Mar

    Bank of Singapore's Derrick Tan to also head HK branch

    The Business Times by NAVIN SREGANTAN

    Singapore BANK of Singapore's global market head for Greater China and North Asia, Derrick Tan, has taken on the additional role of chief executive of its Hong Kong branch since March 6, the private banking arm of OCBC Bank said on Monday. He replaces… More

  • 08
    Mar

    MAS sets out new measures to tackle mass movements of financial advisers

    The Business Times by STEPHANIE LUO

    Singapore THE Monetary Authority of Singapore (MAS) on Wednesday proposed four measures to address large-scale movements of financial advisory (FA) representatives from one FA firm to another. It is calling for a public consultation, after which it… More

  • 07
    Mar

    A nationwide e-invoice system to link them all

    The Business Times by JACQUELYN CHEOK

    Singapore IF a nationwide e-invoicing system that will be rolled out soon succeeds, it will cut costs for businesses, boost productivity, speed up payments, access new financing options and reduce errors. For that to be achieved, business owners need… More