News
Chart of the Week: Singapore card payments to rebound 10.2% in 2021
Card payments are expected to reach $96.5b in three years’ time.
Chart of the Week: Singapore card payments to rebound 10.2% in 2021
Card payments are expected to reach $96.5b in three years’ time.
HSBC Singapore names new global liquidity head
Winnie Yap will be responsible for treasury solutions for Singapore firms.
Hong Leong floats green vehicle financing for Singapore vehicle rental firms
The Vehicle-Green Loan offers a rate as low as 1.5% per annum.
Singapore investment banking fees up 79% to $176.5m in Q1
M&As are off to a slow start whilst there was only one IPO by a local company so far.
Weekly Global News Wrap: Morgan Stanley offers bitcoin to wealth management clients; SLB market could hit $150b this year
And Barclays expands private banking unit to France and Italy.
Hong Kong's ZA Bank crosses 300,000 users, 4% of city's population
The bank has given HK$650m in loans.
Mizuho Bank halts leadership change following system glitches
The bank suffered four glitches in a span of two weeks.
OCBC to roll out face verification in eight Singapore ATMs
The bank will extend the technology to all of its ATMs in Singapore progressively.
Mizuho sets up committee to probe system failures
The failure has hurt the firm's credibility, it says.
DBS CEO Piyush Gupta's pay down 24% in 2020
His cash bonus dropped by 27% amidst cutbacks in the bank.
UOB to raise pay, floats promotions for 98% of bank's employees
Review of compensation packages for senior management will be considered later.
HSBC floats plan to phase out coal financing by 2040: report
The bank caved to investor pressure that called for the reduction of loans, underwriting services to fossil fuel companies.
'Buy now, pay later' flourishes in APAC as credit demand booms
Unlike credit cards or loans, there are no fees in BNPL if payments are made on time.
ADB grants $400m loan to Philippines for vaccine procurement
The AIIB will co-finance another $300m for a total of $700m to buy 110 million doses.
South Korea's department stores saw cosmetic sales growth
Restrictions on use of cosmetic samples were lifted on 15 February.
Coupang to debut in New York Stock Exchange
It is hoping to price its offering at $27-$30 per share to raise up to $3.6b.
India-based Flipkart expands online grocery operations
This will help the company compete with other big grocers, IGD said.