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.

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.