MAS eases some capital requirements for banks, but says no share buybacks
THE Monetary Authority of Singapore (MAS) has loosened certain capital and liquidity requirements for banks amid the virus outbreak, but with a clear caveat: that the release of capital buffers...
SMEs wait for banks' next move, with rise in government's risk share for loans
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...
Relief measures offer respite but banks can do more: SMEs
SMALL and medium-sized enterprises (SMEs) are now weighing the cost of taking up loans or deferring existing payments as they add to future obligations, even as they get some breathing room to...
DBS takes fast lane to used-car loans, doubling its market share
IN JUST a year, DBS has doubled its used-car loan market share as it muscled into a space traditionally dominated by lenders like Hong Leong Finance and Maybank.
Businesses get help with cash flow but SMEs want banks to do more
BUSINESSES will get a further shot in the arm to ease cash flow pressure amid the Covid-19 pandemic, but some small and medium-sized enterprises (SMEs) remain concerned that they will not get...
MAS to boost USD liquidity with auctions of dollars from Fed swap facility
AMID broadening concerns over a record surge in the greenback, the Monetary Authority of Singapore (MAS) will move to lend US dollars (USD) obtained from the US Federal Reserve to banks in...
Sibor dive triggers fresh battle in mortgage rate cuts
BANKS are revising their home loan offerings by increasing spreads in their floating rate packages while lowering their fixed rates as the Singapore inter-bank offered rate (Sibor) plunged in...
UOB, OCBC unveil relief measures for Malaysia customers as coronavirus outbreak worsens
UNITED Overseas Bank (UOB) and OCBC Bank on Friday announced a slew of relief measures for its customers in Malaysia who are affected by Covid-19, as the virus outbreak situation in the country...
DBS offers loans, digital trade financing solutions in 2nd round of virus relief measures
DBS unveiled a second round of relief measures on Wednesday to help businesses in Singapore cope amid the ongoing virus outbreak, in a move to ease companies' cash flow pressure and to push them...
Hong Leong Asia given more time to release results on Covid-19 fallout
HONG Leong Asia has been granted a time extension by the Singapore Exchange (SGX) to release its FY2019 results by March 31 amid the fallout from the Covid-19 outbreak.