Talk of a global recession has been hogging headlines and conversations. In Singapore, the latest data from the Ministry of Trade and Industry showed the local economy shrinking 0.4% from the previous quarter, triggering comments from analysts that a potential technical recession is on the way. 
A survey from Chubb reveals that a majority (56%) of financial executives involved in insurance decision-making globally expect to generate more than 10% of their revenue from embedded insurance within three years.  In Asia, the majority is even greater: 62%. Further, an overwhelming 81% say digital insurance...
GAT Investment Bank Limited is a global investment banking, securities and investment management firm that provides a wide range of financial services to a diversified client base that includes corporations, financial institutions, and individuals. Initially offering its clients a global trading platform, it realised...
Swift and Wise have announced a collaboration to increase cross-border payment options for financial institutions and their customers, enabling payments sent securely via Swift to complete seamlessly over Wise with end-to-end transparency. Financial institutions seeking to innovate their offerings will be able to route...
Preqin has published its annual environmental, social and governance (ESG) report: ESG in Alternatives 2023. The report provides the latest insights within the private markets covering developments on fundraising and fund size for ESG across geographies. The report shows that has been a three-fold increase...
UOB’s flagship ASEAN Consumer Sentiment Study (ACSS) 2023 has found that rising inflation and increased expenses fuelled fears of an economic downturn in ASEAN, while adoption and usage of digital banking and payment channels saw ebullient growth. Over 70 per cent of respondents of...
Businesses are more interconnected than ever. In today’s global economy, international payments have taken on new significance in enabling cross-border trade and investment. Despite this, businesses continue to be plagued by expensive fees and unpredictable timings when carrying out cross-border transactions – these inefficiencies stem from an...
With the economy recovering from a global pandemic, more small and medium-sized enterprises (SMEs) and large enterprises in the ASEAN and Greater China regions are looking to expand internationally in a bid to grow revenue and profits. The UOB Business Outlook Study 2023 (SME & Large...
This article was contributed by the Inland Revenue Authority of Singapore (IRAS). Whether you are going through the GST rate change for the first time as a newly GST-registered business or are looking for a refresher to transit smoothly ahead of the second GST...
Digital scams are everywhere in our daily lives. Whether at home, the workplace or on the go, we're inundated by phone, text and email with offers for "free gifts" and traps to "act now" to supply personal information before a vital service gets cut off. And this...