Coronavirus: Southeast Asian banks face surge of bad loans
Banks in Singapore, Malaysia, and Vietnam are easing borrowing terms as they face a rise in distressed loans...
Tag : Southeast Asian banking
Two Chinese groups apply for Singapore digital banking licence
The Monetary Authority of Singapore has received 21 applications so far for digital banking licences...
Razer joins Singapore’s digital banking bandwagon
Gaming brand Razer has applied for a digital banking licence in Singapore joining Singtel and Grab...
Virtual banks in Singapore and Hong Kong: Who has the edge?
Hong Kong and Singapore are licencing virtual banks to serve the underserved and unhappily served – with different approaches...
Alibaba-backed WeLab secures $156 mn funding to invest in R&D
The fintech startup has received the funding from Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank...
CIMB Singapore’s trade finance platform to generate $100 mn
The bank completed its first trade financing transaction using IoT cargo sensors and blockchain...
DBS Bank working with advisor for Bank Permata acquisition
It would be DBS’ second attempt to acquire an Indonesian bank...
Vietnam retail banking: Technology is key to success
The ‘animal spirits’ of Vietnam’s retail banking sector have been unleashed with tech integration the only major challenge...
Singapore’s Hong Leong to ally with fintechs for digital bank licence
The lender seeks to apply for one of the five licences to be issued by the Monetary Authority of Singapore in 2020...
Indonesia lynchpin of Standard Chartered 2021 returns target
Standard Chartered’s operating profit in Indonesia is up by 28% in H1 2019 year-on-year...