UOB will close 24 branches in Singapore from April 11 to May 4 as fewer customers are expected with stricter safe distancing measures in place, said the lender in a statement on Tuesday.
DBS Bank has again doubled the quantum of its digital business loan for small and medium-sized enterprises (SMEs) to S$200,000, to give firms access to more substantial working capital to weather the Covid-19 economic fall-out.
BANKS will see their capital and liquidity requirements adjusted to help sustain their lending activities amid the Covid-19 pandemic, among other fresh measures announced by the Monetary Authority of Singapore (MAS) in a statement on Tuesday.
BUSINESSES that apply to defer payments for their secured property loans, as well as property owners doing so for residential mortgages, will not be subject to the total debt servicing ratio (TDSR), the Monetary Authority of Singapore (MAS) said on Tuesday.
INTEGRATED Shield Plan insurers have aligned their policy coverage terms with the government’s measures to minimise the spread of the novel coronavirus, the Life Insurance Association of Singapore (LIA Singapore) announced on Monday night.
CIMB Bank Singapore is extending its relief package to help consumer banking customers tide over the coronavirus outbreak, following the Monetary Authority of Singapore's support measures announced last week.
THE Monetary Authority of Singapore (MAS) will release data on its foreign exchange (forex) intervention operations on April 9, some three months earlier than previously scheduled.
THE government will further raise its risk-share of several enterprise loans, as it pulls out all the stops to enhance financing support so that "viable businesses" can continue to have access to credit, said Deputy Prime Minister and Finance Minister Heng Swee Keat on Monday.
SINGAPORE'S largest bank DBS will progressively close 29 DBS/POSB branches islandwide over the course of about one week, in light of stricter safe distancing measures to reduce the community spread of Covid-19.
The Monetary Authority of Singapore (MAS) announced on Monday that it has appointed Celine Sia as assistant managing director (economics & knowledge management) with effect on April 6, 2020.
INTEGRATED healthcare provider Fullerton Healthcare Corp has redeemed its US$175 million senior, unsecured perpetual capital securities in full.
CIMB Bank Singapore is extending its relief package to help consumer banking customers tide over the coronavirus outbreak, following the Monetary Authority of Singapore's support measures announced last week.
CIMB Bank Singapore is extending its relief package to help consumer banking customers tide over the coronavirus outbreak, following the Monetary Authority of Singapore's support measures announced last week.
SINGAPORE'S mergers and acquisitions (M&A) activity totalled US$10.2 billion in the first quarter of 2020, down 22.4 per cent from US$13.1 billion a year ago, according to data from deal intelligence service Mergermarket as at April 1.
THE Monetary Authority of Singapore (MAS) will release data on its foreign exchange (forex) intervention operations in April - three months earlier than previously announced.
MOVE aside e-wallets. Here comes a digital payment account that will allow tourists in China to spend like the locals, without having to lug around hard cash that is barely accepted and the hassle of opening a savings account with debit facilities.
SINGAPORE Exchange (SGX) on Friday said its securities and derivatives markets will remain open and accessible as Singapore closes most workplaces for a month from Tuesday.
WHILE banks are essential services that will stay open during the month-long imposition of tighter restrictions to curb the virus spread in Singapore, lenders are due to shut some branches amid slower traffic as well as in balancing staff welfare.
BANKING fees from mergers and acquisitions (M&A) transactions in the Asia-Pacific ex-Japan (APxJ) region fell to an eight-year low of US$473.1 million in the first quarter of 2020. This represented a 39.2 per cent decline from a year ago, according to Refinitiv data as at April 2.
WITH Singapore on Friday announcing tighter movement restrictions within the country due to the virus outbreak, OCBC Bank said its annual general meeting (AGM), originally scheduled for April 30, will be postponed. Its insurance arm, Great Eastern, will also postpone its AGM originally slated for April 15, the insurer said on Friday.
