BankingDBS Bank and IRAS join hands to digitalise tax paymentsPritam BordoloiAugust 6, 2020August 6, 2020 by Pritam BordoloiAugust 6, 2020August 6, 2020 IRAS now offers PayNow QR as a payment option on its myTax portal... Read more
BankingFeaturedUOB approves loans worth $4 bn for impacted businesses in SingaporeInternational Finance Business DeskMay 5, 2020May 5, 2020 by International Finance Business DeskMay 5, 2020May 5, 2020 These loans come under Enterprise Singapore's Temporary Bridging Loan Programme... Read more
BankingFeaturedSingapore banks to freeze mortgage, defer SME loan paymentsInternational Finance Business DeskApril 1, 2020 by International Finance Business DeskApril 1, 2020 Banks can defer both principal and interest payments for mortgages through December 31... Read more
BankingFeaturedCoronavirus: Southeast Asian banks face surge of bad loansSamuel AbrahamMarch 25, 2020March 25, 2020 by Samuel AbrahamMarch 25, 2020March 25, 2020 Banks in Singapore, Malaysia, and Vietnam are easing borrowing terms as they face a rise in distressed loans... Read more
FeaturedTechnologyDBS, OCBC adopt blockchain in trade finance to boost digitalisationPritam BordoloiMarch 3, 2020 by Pritam BordoloiMarch 3, 2020 The Singaporean banks issued their first electronic banker's guarantee on the Singapore Customs Electronic Banker's Guarantee Programme... Read more
BankingFeaturedDBS Bank uses NTP to complete first digital trade dealPritam BordoloiFebruary 10, 2020 by Pritam BordoloiFebruary 10, 2020 The transaction relates to a $2.5 mn letter of credit between Audi and Premium Automobiles... Read more
BankingFeaturedCiti Singapore adjusts pay for women to bridge gender gapInternational FinanceJanuary 17, 2020March 18, 2020 by International FinanceJanuary 17, 2020March 18, 2020 The bank’s global pay equity review found that women staff did not receive equal compensation for the same task performed... Read more
FinanceUOB, DBS lend $945 mn green loan to Allianz, GawInternational Finance DeskDecember 16, 2019 by International Finance DeskDecember 16, 2019 Singapore banks along with Standard Chartered will finance both companies’ $1.575 billion joint acquisition of Duo Tower and Duo Galleria... Read more
BankingOCBC launches all-in-one digital payment terminal in MalaysiaPritam BordoloiNovember 14, 2019 by Pritam BordoloiNovember 14, 2019 Becomes the first foreign bank in Malaysia to do so by collaborating with the Revenue Group... Read more
BankingOCBC to form a new digital bank with Keppel and ValidusPritam BordoloiNovember 6, 2019 by Pritam BordoloiNovember 6, 2019 OCBC is planning to acquire a wholesale digital banking licence offered by Singaporean regulators... Read more