Financial Services
MAS eyes cross-border use, interest payments in new stablecoin rules
MAS eyes cross-border use, interest payments in new stablecoin rules
Changes cover foreign token recognition, interest bans, and stress testing.
2 hours ago
Singapore aced its FATF evaluation — now comes the hard part
Institutions operating within Singapore’s financial system must be able to show under scrutiny what their controls are achieving.
1 day ago
UOB prices EUR1 covered bonds and draws $5.78b
It was four times oversubscribed.
5 days ago
ShopeePay Singapore unlocks China QR payments with TenPay Global
It covers tens of millions of merchants.
Singapore banks’ 2026 profitability lifted by wealth fee growth
The three banks’ capitalisation remains strong, but CET1 ratios are declining.
MoneyMax profit surges 77% to $52.5m in H1
The board declared an interim dividend of $0.0025 per share.
Stronger credit to drive financial sector after 6.2% Q2 growth
Robust lending and wealth management activity underpinned the sector’s gains.
Sea Ltd’s net income climbs 10.6% to $586.7m in Q2 on Shopee growth
CEO Li is optimistic that Shopee will achieve US$1b adjusted earnings in 2026.
Big 3 banks face flat interest income in 2026 whilst fees and costs split
DBS and OCBC will deliver double-digit fee income and non-interest income growth.
UOB to divest asset management unit to AGI for $555m
The deal is expected to be completed in 2027.
Singapore companies top SEA payment startup funding
Airwallex made up almost 70% of the combined funding of the Top 12 startups.
MoneyMax expects stronger H1 profit on pawnbroking growth
Its FY2025 net profit stood at $71.7m, up 87.6% YoY.
Samlit Moneychanger faces 19 charges over remittance complaints
Each breach of a MAS direction carries a maximum $1m fine.
Qianhai pitches dual-headquarter model as Singapore firms seek GBA entry
Hong Kong offers fundraising and talent while Qianhai adds mainland scale technology and manufacturing links.
New SMU initiative to study law and finance links in capital markets
The launch comes as IPOs raised over $2b in 2025.
Wealth advisory clients shift focus from returns to post-retirement security
Advisers face pressure to deliver faster service and broader financial planning.
ISCA-IMDA programme targets AI upskilling in accountancy, finance
AIxAccountancy to cover ChatGPT, Claude, and Gemini for finance workflows.
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Commentary
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