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Jamie Lee

leejamie@sph.com.sg
@JamieLeeBT

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A digital currency? MAS is not convinced

News

Oct 25, 2019

A digital currency? MAS is not convinced

THERE is no compelling reason for central banks to issue digital currencies, said managing director of the Monetary Authority of Singapore (MAS) Ravi Menon.

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In about 4 yrs: Retail payments across Asean via mobile numbers

News

Oct 25, 2019

In about 4 yrs: Retail payments across Asean via mobile numbers

OVER the next four years or so, Singapore will work with other Asean countries to link up their real-time payment systems to enable small retail payments using just mobile numbers, with the link-...

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Brick-and-mortar bid for Bank Permata by DBS 'conflicts' with digital focus: Citi

News

Oct 10, 2019

Brick-and-mortar bid for Bank Permata by DBS 'conflicts' with digital focus: Citi

A REPORTED move by DBS to throw in a bid for Indonesia's Bank Permata, as OCBC is reportedly set to do, "conflicts" with Singapore banks' strategy of building out digital banking to capture...

Temasek on South-east Asia's Internet Economy (Part 1)

Startups

Oct 4, 2019

Temasek seeks sane valuations from Asean 'aspiring unicorns'

TEMASEK Holdings is actively focused on "aspiring unicorns" out of South-east Asia, and expects to announce a couple of deals in the pipeline in the next few months, its senior executive told The...

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Temasek aims to invest in a few more Asean 'aspiring unicorns' by year-end; Vietnam a key market

Money

Oct 3, 2019

Temasek aims to invest in a few more Asean 'aspiring unicorns' by year-end; Vietnam a key market

TEMASEK Holdings is actively focused on "aspiring unicorns" out of South-east Asia, and expects to announce a couple of deals in the pipeline in the next few months, its senior executive told The...

Money

Oct 2, 2019

DBS partners taxman to digitalise stamp duty collection in Singapore

THE Inland Revenue Authority of Singapore (Iras) collected S$4.6 billion from stamp duties - a tax levied on property transactions - for the fiscal year ended March 31, with most taxpayers paying...

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Digital banks may find it tough to win over consumers and deposits

News

Sep 27, 2019

Digital banks may find it tough to win over consumers and deposits

WITH most consumers here unlikely to park more than S$20,000 in digital banks, and an expected high burn-rate for new entrants to nab credit-card users, the incumbent banks' earnings are not at...

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Singtel edges out Grab in attracting deposits as digital banks: CGS-CIMB

News

Sep 26, 2019

Singtel edges out Grab in attracting deposits as digital banks: CGS-CIMB

MORE customers may be willing to park money with Singtel than Grab, a CGS-CIMB report showed, with the brokerage estimating that 4-11 per cent of deposits from the domestic banking unit are at...

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New chapter in banking begins as applications open for digital banks

Startups

Aug 30, 2019

New chapter in banking begins as applications open for digital banks

RIDE-HAILING firm Grab is "confident" of meeting the digital banking licence requirements that include "a path towards profitability" on a five-year projection, the unicorn told The Business Times...

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Residents are targets for dirty money fronts in business friendly Singapore

News

Aug 13, 2019

Residents are targets for dirty money fronts in business friendly Singapore

THERE are thousands of corporate services firms in Singapore that offer Singapore residents as directors of Singapore-incorporated companies for as little as S$250 a month.

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