Tax me if you can

IT SEEMS that creativity knows no bounds when it comes to taxes. At least, when it comes to the British. I had a sampling of this during a trip to Scotland, when the tour guide pointed out that certain windows of old buildings in parts of Edinburgh looked to be blocked. The suspicion is that those...

MAS to tighten rules on cyber resilience in financial industry

THE Monetary Authority of Singapore (MAS) plans to raise the regulatory requirements on cyber resilience in the financial industry, a senior MAS officer said on Thursday.

MAS to raise requirements on cyber resilience in Singapore's financial sector

THE Monetary Authority of Singapore (MAS) plans to raise the requirements on cyber resilience in the financial industry, a senior regulatory officer said on Thursday.

DBS banking on platforms instead of pipelines

DBS's latest investment in retail marketplace Carousell comes as banking can no longer be a matter of managing pipes, but has to work by plugging into lifestyles in an "invisible" way, said DBS CEO Piyush Gupta...

New guidelines to fight money laundering and financial crime in Singapore

TO LAUNDER money through round-tripping, a South Asian conglomerate used 10 subsidiaries to swiftly shift funds of no more than US$20 million each time over just two months between these units.

Singapore launches best practice papers to combat money laundering and terrorism financing

SINGAPORE regulators and the banking industry launched on Monday two best practice papers to better prevent money laundering and terrorism financing, in the wake of the 1MDB scandal that hit the city-state and amid the increasing sophistication of financial crimes. 

Singapore fintech CCRManager wins backing from ex-Temasek banker

HOMEGROWN fintech CCRManager has raised Series A funding worth US$6.5 million from a group of investors led by ex-Temasek banker Francis Rozario.

Singapore fintech CCRManager wins funding from ex-Temasek banker

CCRManager, a Singapore fintech that is tackling the secondary market in trade loans, has raised US$6.5 million in Series A funding from a group of investors led by veteran banker and ex-Temasek Holdings executive, Francis Rozario of Asia Capital and Advisors, it said on Tuesday.

Singapore banks humming along, but trade woes offer pause

SINGAPORE banks appear to be firing on all cylinders in the first quarter of 2018, with loan growth at a healthy clip and much of the bad loans behind them. All three banks are expecting loan growth of just under 10 per cent for the full year.

OCBC sees margin pressure on Indonesian loan book

THE more concerted push by the Indonesian government to limit loan rates to less than 10 per cent in recent times has put pressure on the net interest margin (NIMs) of OCBC's loan book in the country, said the bank's chief Samuel Tsien...

More soured loans in South-east Asia to whet appetite of private investors

THE stacking pile of distressed debt in South-east Asia could lure more private investors to circle the region for alternative assets, consultants told The Business Times.

Singapore Inc needs X-factor to take wing beyond home market

WANTED: the X-factor for Singapore Inc. Singapore firms need "something special" to step up to the international stage and to transform into companies like those from Switzerland and China, which manufacture quality products sold around the world, said Minister for Finance Heng Swee Keat. ...

Singapore must watch for winners and losers in the pursuit of free trade: Heng

SINGAPORE needs to be conscious of how free trade can sieve out winners and losers, and ensure that people are not left behind amid the pursuit of free trade, said Minister for Finance Heng Swee Keat.

Dearth of talent still biggest constraint for fintech: MAS

SOME 2,000 jobs were created in the fintech sector over the last two years, reflecting a self-sustaining fintech ecosystem that Singapore has created thus far, said Monetary Authority of Singapore (MAS) managing director Ravi Menon on Wednesday.

In corporate banking, a rising tide doesn't lift all boats: study

SUCCESS in corporate banking used to come down to that factor often cited in property investment: location, location, location. A decade ago, corporate banks would do well so long as they bet on the right markets, which would include emerging Asia.

Singapore Fintech Festival takes Asean focus in third run

THE Singapore Fintech Festival will focus on fintech developments and opportunities in Asean in its third run this year, said organisers from the Monetary Authority of Singapore (MAS) on Wednesday.
Asean Singapore 2018

Asean to use fintech as financial inclusion boost

FINANCIAL technology (fintech) is expected to be an important part of cooperation in Asean as the regional trade bloc seeks out new and innovative solutions to solve problems of financial inclusion.

Asean to use fintech as financial inclusion boost

FINANCIAL technology (fintech) is expected to be an important part of cooperation in Asean as the regional trade bloc seeks out new and innovative solutions to solve problems of financial inclusion.

A sexist skirt for that pretty casual look

Harvey, Irma, Maria and Nate have been retired. They are the names of four of last season's hurricanes that have caused enough damage to be stricken off as names for storms in the near future...

UOB teams up with China fintech to grow credit assessment in SE Asia

UNITED Overseas Bank (UOB), which has the largest South-east Asia network of the three Singapore banks, has tied up with an emerging Chinese fintech firm to tackle the under-banked market of South-east Asia.

UOB, China fintech Pintec in joint venture to offer credit services in South-east Asia

UNITED Overseas Bank (UOB) has entered into an agreement with Beijing-based financial technology firm Pintec Technology Holdings to set up a joint venture company,

ICBC Singapore to launch investment banking services

THE Industrial and Commercial Bank of China's Singapore branch (ICBC) is launching investment banking services here. This comes as the bank's branch received accreditation as an issue manager from Singapore Exchange (SGX)...

StanChart rides return of trade flows

STANDARD Chartered Singapore registered an over 20 per cent boost in transaction banking revenue last year owing to higher financing activity that drove revenue in this segment back to levels last seen some two years ago, said a senior executive at the bank.

BNP Paribas sees value in sustainability agenda

FRENCH bank BNP Paribas is turning fifty in Singapore this year, and its fortunes are increasingly aligned to the city-state as the bank ticks the boxes in building up green financing and trade capabilities here and for the region, said its top executive in an interview.

CSE Global finds new substantial shareholder in Malaysian O&G firm SDHB Group

CSE Global, which makes safety systems used in the oil-and-gas (O&G) sector, has found a new substantial shareholder in the form of a Malaysia-listed energy services group.