May bank lending flat but better numbers likely in months ahead
BANK lending growth in Singapore was flattish in May, as weaker lending activity to financial institutions partly offset a spurt in lending for trade-related activities.
Bank lending nudges higher in May: MAS
BANK lending in Singapore in May gained 0.3 per cent from the month before, preliminary data from the Monetary Authority of Singapore (MAS) on Friday showed. Loans through the domestic banking unit...
Vallianz issues shares to offset S$3.13m in trade payables
CATALIST listed Vallianz Holdings on Thursday said it has agreed to a share subscription with certain unnamed trade creditors to fully offset S$3.13 million in trade payables.
Big push for digital payments with new p2p fund transfer
SEVEN major retail banks in Singapore are set to launch a peer-to-peer transfer service that promises a seamless way to split the cheque or make home-tutor payments using mobile numbers, with the...
Singapore banks to be allowed to invest in digital consumer platforms
THE Monetary Authority of Singapore (MAS) will let banks in Singapore invest in digital consumer platforms such as Carousell and Qoo10, so that they can have stakes in such "permissible non-financial...
New peer-to-peer funds transfer service from July 10
A NEW peer-to-peer transfer service in Singapore through mobile phones will be available from July 10, the Association of Banks in Singapore said on Tuesday.
Fintechs must dig deeper to solve structural problems: MAS
SINGAPORE wants to drive greater focus on fintech solutions that tackle structural and institutional problems in the financial system at home and in Asean, the chief fintech officer of the Monetary...
Aspial's property arm World Class Global to raise S$35.4m in Catalist spinoff
The property development arm of Aspial Corp is expected to raise about S$35.4 million from a Catalist spin-off via World Class Global (WCG), its offer document on Tuesday showed.
MAS, World Bank unit to work on greater Asean access for S'pore fintechs
NEW paths are emerging for Singapore-based fintech (financial technology) firms to distribute their services to the Asean region following a partnership agreement signed between the Monetary...
Singapore startup matches lower-income borrowers to licensed moneylenders
THEY are the face of hard work - the bus driver, the nurse, the factory worker. But behind these stalwarts in Singapore's workforce are their invisible credit access problems that one startup now...