Financial Services
Singapore bank loans grind to a halt at 0.5% in 2019
Singapore bank loans grind to a halt at 0.5% in 2019
Total loans and advances fell to 2.8% in November 2018 from October's 3.4%.
Daily Briefing: Mortgage slowdown may hasten home price decline; Australia's ANZ shuts down Singapore gold vault
And ST Telemedia buys majority stake in cloud computing firm.
DBS unveils loadable QR Ang Bao for Chinese New Year
They will be available from 25 January and can be used until 15 March.
Alipay launched payment solutions to cater to Sentosa's Chinese tourists
The new cashless initiative is a joint collaboration between Alipay, Sentosa and the Singapore Tourism Board.
CPF Board sets the record straight on RSS payout age
The payout eligibility age for its retirement sum scheme still remains at 65, and not 70.
Daily Briefing: Year-end executive condo prices surge 25%; Food delivery startup Plum to cease Singapore operations
And a study shows female employees still earn less than men.
Morgan Stanley beefs up Asian wealth team
It will hire 50 RMs in Hong Kong and Singapore over the next three years.
Manulife arms its agents with personal websites in bid to enhance customer relations
Digital Stars will allow customers to pick agents of their choice.
NETS rolls out same-day settlement for hawkers
Transactions done before 5 pm will be credited to their respective DBS, OCBC, and UOB bank accounts by 11 pm.
Grab forms joint venture with ZhongAn to offer digital insurance products
The firms aim to provide its products to uninsured consumers through Grab’s mobile app.
OCBC launches digital dashboard for SMEs
The dashboard features over 40 business apps.
Daily Briefing: IHiS axes two employees and penalises CEO for SingHealth cyberattack; LTA's QR-code system for bike sharing takes effect
And Singapore Bank Officer’s Association opens its doors to all BFS employees.
Singtel's Dash to expand mobile remittance services to Myanmar
Money transfers from Singapore to Myanmar through Dash will be available by March 2019.
Daily Briefing: Singapore banks are struggling to retain recent hires; GIC buys 94.44 million new shares from Vietnamese lender Vietcombank
And MOM offers assistance to 90 foreign workers axed by Dyna-Mac Engineering.
UOB renews bancassurance agreement with Prudential for 15 years
The bank will distribute Prudential Group’s life insurance products to its consumer banking customer base across the region.
DBS launches online portal giving SMEs the digital leg up
SMEs can access accounting, digital marketing and cybersecurity solutions.
Singapore bank revenues may rise 9% in 2019
Loans and balance sheet leverage will drive revenue expansion.
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