News

  • 08
    Oct

    VP Bank safely ahead of the game

    The Business Times by ANGELA TAN

    Singapore TEN years ago, Liechtenstein-based VP Bank received a licence from the Monetary Authority of Singapore (MAS) in June to establish a new bank in the city-state. Shortly after, on Sept 15, Lehman Brothers filed for the largest bankruptcy in… More

  • 03
    Oct

    Singtel launches network for roaming mobile wallets in Asia

    The Business Times by JAMIE LEE

    SINGTEL looks to set itself apart in an increasingly crowded space by coming in to unify mobile wallets for cross-border use, tapping on an estimated US$3 billion opportunity for telcos advancing into e-payments. Singapore's largest telco on Tuesday… More

  • 02
    Oct

    New framework to take Singapore funds industry to new level

    The Business Times by TAY PECK GEK

    SINGAPORE passed into law on Monday a new type of entity - the Variable Capital Company - that will be a game changer for the Republic's fast-growing fund management industry. The Variable Capital Companies (VCC) Bill, approved by Parliament on Monday,… More

  • 02
    Oct

    Remodelling Singapore's wealth management industry

    The Business Times by JULIA LEONG,KENNETH CHIA

    PRIVATE wealth in Asia is growing and will continue to grow. Over the next twenty years, Asia will also see inter- generational wealth transfers taking place on unprecedented magnitudes. With the increasing digitalisation of the lifestyles of Asia's… More

  • 01
    Oct

    Global banks in Singapore ride regional growth, BRI moves

    The Business Times by SIOW LI SEN

    Singapore AS Asean infrastructure and China's Belt and Road Initiative (BRI) projects take off, experienced bankers are in demand as Singapore-based global banks move to seize the opportunities. A recent report by recruitment consultant Hays Singapore… More

  • 28
    Sep

    OCBC banks on mobile-first strategy to grow Indonesia market share

    The Business Times by CLAUDIA CHONG

    Singapore OCBC Bank is ramping up its digitalisation efforts in Indonesia in a bid to capture a larger share of the market. It will use a mobile-first strategy and collaborations with partners from various sectors to increase accessibility to their… More

  • 26
    Sep

    HSBC Singapore on hiring blitz to tap burgeoning Asia wealth

    The Business Times by JAMIE LEE

    Singapore AS HSBC mounts an aggressive push to tap the burgeoning wealth in Asia, HSBC Singapore has targets to double total wealth - including deposits and investments - from the retail and private banking segment over the next five years, said its… More

  • 26
    Sep

    Motor insurance claims climb by 11.8% despite fewer reported accidents

    The Business Times by CHRISTOPHER TAN

    Singapore MOTOR accidents are becoming more severe and involving more injuries, going by first-half results released by the General Insurance Association (GIA) on Tuesday. The association said there had been a "significantly higher increase" of 11.8… More

  • 20
    Sep

    Small businesses will benefit from simplified e-payment model

    The Straits Times

    We thank Mr Tew Woon Chong for his letter ( Unified e-payment system: What about other fintech players? ; Sept 15). The unified e-payment solution initiated by the Government serves to provide food merchants operating coffee shops, hawker centres and… More

  • 19
    Sep

    South African fintech raises US$52m for Asia, Africa push; CEO moves to S'pore

    The Business Times by CLAUDIA CHONG

    Singapore SOUTH African fintech firm Jumo has raised US$52 million (S$71.5 million) in its latest funding round led by Goldman Sachs, which joins as a new investor. The funds will be used for the firm's expansion into new growth markets in Asia and… More