Know-your-customer project hits speed bump

THE Monetary Authority of Singapore (MAS) has hit a snag with its proposed centralised know-your-customer (KYC) utility that it had hoped to launch this year.

One of two approved suitors puts in bid for Hyflux's Tuaspring

EMBATTLED water treatment firm Hyflux Group said on Friday that only one of two parties approved by regulatory authorities has put in a bid for its Tuaspring water and power project, and that the bid is being assessed.

Hyflux assessing bid by one of two pre-approved parties for Tuaspring

EMBATTLED water treatment firm Hyflux Group said on Friday that only one of two parties approved by regulatory authorities has put in a bid for its Tuaspring water and power project, and that the bid is being assessed.

Singapore's know-your-customer utility experiment hits snag: MAS

THE Monetary Authority of Singapore (MAS) has hit a snag with its proposed centralised know-your-customer (KYC) utility, with the idea first raised a year ago, it told The Business Times.

Sasseur Reit loses PE firm L Catterton Asia as substantial unitholder

PRIVATE equity firm L Catterton Asia is no longer a substantial unitholder of Sasseur real estate investment trust (Reit), after it sold part of its stake in the Reit's sponsor, Sasseur Cayman Holding...
BT EXCLUSIVE

MAS draws clear line to prevent shadow banking

EVEN as the Monetary Authority of Singapore (MAS) is welcoming of fintech players, it will draw a clear line to prevent shadow banking from emerging from payment startups.

Singapore, Indonesia ink pact to offer protection, global arbitration access to investors

SINGAPORE and Indonesia on Thursday signed an agreement to promote and protect investments, with the treaty promising Singapore companies operating in Indonesia protection and access to international arbitration in the event of investment disputes. Indonesian companies operating in the Republic...

Ngee Ann Poly to design fintech programme for tertiary students in Indonesia

TEMASEK Foundation International and Ngee Ann Polytechnic on Thursday said it will partner Indonesia’s Ministry of Research, Technology and Higher Education (MoRTHE) on a new fintech programme to be implemented for tertiary students in Indonesia.

Broker's take: RHB initiates coverage on CSE Global with 'buy'

RHB Research has initiated a "buy" call on CSE Global - a seller of safety shutdown systems to oil-and-gas customers - seeing it as an attractive dividend player and a beneficiary of higher oil prices. ...

Yancoal to file legal objection to Noble's restructuring

NOBLE Group on Wednesday flagged that Yancoal Australia and certain of Yancoal's affiliates intend to file objections to the constitution of classes and the schemes under the restructuring plan put out by the commodities firm...

Singapore startup making biodegradable straws snags US$13m funding

BIOTECH startup RWDC Industries, which is based in Singapore, on Wednesday said it has closed a US$13 million Series A2 round co-led by venture capital firms Vickers Venture Partners and WI Harper Group.

Noble flags objection from Yancoal over terms of restructuring plan

NOBLE Group on Wednesday flagged that Yancoal Australia Ltd and certain of Yancoal's affiliates intend to file objections to the constitution of classes and the schemes under the restructuring plan put out by the commodities firm...

Singapore condo resale prices see 2nd month of decline with 0.2% dip in Sept

RESALE prices of private non-landed homes in Singapore declined for the second straight month in September following the latest round of cooling measures, flash estimates by real estate portal SRX Property on Tuesday showed.
HOCK LOCK SIEW

Consumers' fears, complacency are the weak link in cyber hygiene

THERE are some illusions that Singapore corporates should banish when it comes to cyber hygiene of local consumers, if only to show that their lax habits are why consumers remain the weakest link in the chain.
BT EXCLUSIVE

MAS puts fintechs on notice against shadow banking

EVEN as the Monetary Authority of Singapore (MAS) is welcoming of fintech players, it will draw a clear line to prevent shadow banking from emerging from payment startups.

Singapore condo resale prices see 2nd month of decline with 0.2% dip in September: SRX

RESALE prices of private non-landed homes in Singapore declined for the second straight month in September following the latest round of cooling measures, flash estimates by real estate portal SRX Property on Tuesday showed.

Singapore ranks among bottom 10 globally on tackling inequality: Oxfam

SINGAPORE is ranked among the bottom 10 countries globally on tackling inequality, according to an Oxfam International study released on Tuesday.

ComfortDelGro to partner Finnish transport subscription startup for Singapore launch

ANOTHER startup in the transport space that offers subscription packages for various forms of transport is arriving in Singapore.
BT EXCLUSIVE

Julius Baer primes for second M&A wave in private banking

JULIUS Baer, ranked the fifth-largest private bank in Asia, expects consolidation in the private-banking market in the next three years, as competing players buckle under the strain of costs and call it quits, said its top executive.

SMEs feeling bite of trade battles but retail and F&B buck trend

SINGAPORE SMEs will look to expand in 2019, but show greater caution than six months ago as trade tensions continue to simmer, the latest SBF-DP SME Index showed on Monday.

Singapore Fintech Festival draws big names to talk Asean, financial inclusion

PRIME Minister of India Narendra Modi and IMF's managing director Christine Lagarde are some of the luminaries expected at Singapore's third run of the Singapore Fintech Festival this year, which will take on issues of financial inclusion, artificial intelligence (AI), and the benefits of...

60 solutions shortlisted for awards at Singapore Fintech Festival

THE Monetary Authority of Singapore (MAS) on Monday said judges have shortlisted 60 solutions that are eligible for the 2018 Global Fintech Hackelerator and Fintech Awards, with the awards to be given out at Singapore's third run of the Singapore Fintech Festival this year...

Singapore Fintech Festival sees 60 solutions shortlisted for fintech awards

THE Monetary Authority of Singapore (MAS) on Monday said judges have shortlisted 60 solutions that are eligible for the 2018 Global Fintech Hackelerator and Fintech Awards, with the awards to be given out at Singapore's third run of the Singapore Fintech Festival this year...

Singapore SMEs more cautious amid trade tensions: SBF-DP SME Index

SINGAPORE SMEs will look to expand in 2019, but show greater caution than six months ago as trade tensions continue to simmer, the latest SBF-DP SME Index showed on Monday.

Finland transport subscription startup MaaS Global partners ComfortDelGro for Singapore launch

ANOTHER startup in the transport space that offers subscription packages for various forms of transportation is arriving in Singapore.