The Business Times
business-time-50

Consumer Internet firm Sea flies solo in bid for full digibank licence

google-preferred-sourceAdd BT as a preferred source
Published Tue, Jan 7, 2020 · 09:50 PM

    Singapore

    CONSUMER Internet company Sea, formerly known as Garena, is the first to officially announce its solo bid for the digital full bank licence in Singapore, even as the New York-listed entity remains loss making.

    In a statement released on Tuesday, Sea said it will focus on addressing the unmet needs of millennials and small and medium-sized enterprises (SMEs) in Singapore, which are said to be under-served segments of the market.

    Singapore digital banksAMTD

    TRENDING NOW

    Out of the 18,000 fresh graduates, 9,100 have found employment and 5,400 are outside the labour force, mainly for voluntary reasons.

    1 in 5 fresh graduates from autonomous universities still seeking employment: MOM

    For H1 2026, Seatrium’s net profit jumped 158.3% year on year to S$372.9 million.

    Can Seatrium build on its robust H1 earnings? UOBKH and DBS analysts have divided views

    Grant Wee built Hideaway as a massage-and-bathhouse concept centred on solitude and recovery.

    UOB CEO’s youngest child Grant Wee turns burnout into a wellness business

    UOB group chief financial officer Leong Yung Chee (left) and AllianzGI CEO Tobias Pross at the signing of the strategic distribution partnership.

    UOB to sell asset management arm to Allianz Global Investors for S$555 million, sharpen wealth advisory focus

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More