A release from Singapore’s Ministry of Trade and Industry (MTI) indicated that the economy grew by 2.2 per cent on a year-on-year basis in the fourth quarter of 2018, easing slightly from the 2.3 per cent growth in the preceding quarter. On a quarter-on-quarter seasonally-adjusted annualised basis,...
United Overseas Bank (UOB) announced on 5 May that it has already approved S$4 billion in loans under the Temporary Bridging Loan Programme (TBLP) since the government increased its risk-share of such loans to 90 per cent a month ago. The loans were extended...
PropertyGuru, announced on 12 March its expansion into home finance with the launch of its mortgage marketplace, ‘PropertyGuru Finance’. Through this venture, PropertyGuru aims to assist Singaporeans in saving money on their home loans in the long term, as well as simplify their...
SeedIn, a Singapore based business financing platform, has teamed up with Acudeen, a Philippine based online peer-to-peer marketplace for receivable discounting. SME borrowers and investors can leverage on the strengths of both platforms for their financing and investment needs, while being able to enjoy exclusive...
The Monetary Authority of Singapore (MAS) and the Bank of Ghana (BOG) have commenced discussions to adopt the Business sans Borders (BSB) open hub of platforms between Singapore and Ghana. These discussions on close cooperation will benefit the small and medium-sized enterprises (SMEs) and...
The Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) launched the BIS Innovation Hub Centre in Singapore in November 2019. This is the BIS’s first expansion of its global footprint in 17 years. The BIS Innovation Hub will foster innovation and greater...
Businesses in Singapore recognise the importance of sustainability as a driver of reputation, growth and profitability, yet have not fully converted sentiment into meaningful action, a HSBC report has found. Not having a stronger approach to Environmental, Social and Governance (ESG) is also simultaneously impacting corporates’ financing...
The Monetary Authority of Singapore (MAS) has issued revised Technology Risk Management Guidelines to keep pace with emerging technologies and shifts in the cyber threat landscape. The revised Guidelines focus on addressing technology and cyber risks in an environment of growing use by financial...
Razer Fintech, the financial technology arm of Razer Inc, a lifestyle brand for gamers, announced that it has submitted its application for the Digital Full Bank License to be issued by the Monetary Authority of Singapore (“MAS”). Should Razer Fintech and its consortium be...
WeWork unveiled Singapore findings from its 2019 Global Impact Report  that assesses WeWork’s economic ripple effect for people and businesses, neighborhoods, and cities in 75 cities around the world. WeWork is an American company that provides shared workspaces for technology startup subculture communities, and services for entrepreneurs, freelancers, startups, small...