LOANS

Funding Societies hires GoBear co-founder, expands C-suite

FUNDING Societies, a digital financing platform for small and medium enterprises in South-east Asia, has named a chief financial officer (CFO), chief technology officer (CTO) and chief product...

Online lending startup Oriente cuts over 25% of team

ONLINE lending startup Oriente on Friday confirmed that it laid off under 100 employees in June in a reduction exercise undertaken in batches from the fourth quarter of 2019.

Grab to launch retail investment product, consumer loans platform

GRAB'S financial services arm, Grab Financial Group (GFG), is rolling out a micro-investment product and a third-party loan platform for its users. This follows the digibank-aspirant's suite of...

Grab to launch retail investment product, consumer loan platform

GRAB'S financial services arm, Grab Financial Group (GFG), is rolling out a micro-investment product and a third-party loan platform for its users.

Legislative measures to mitigate impact of Covid-19 pandemic on SMEs

By Meiyen Tan, Head of Restructuring and Insolvency and Keith Han, Partner, Oon & Bazul LLP

Over 7,600 businesses loaned about S$7.1 billion

MORE than 7,600 businesses in Singapore borrowed about S$7.1 billion from government-assisted schemes over the past few months, with most of the loan applications coming from the wholesale trade,...

9 in 10 bids to defer mortgage payments get approval

BANKS have approved about nine in 10 applications by property buyers to defer the payment of their mortgages.

DBS approves over 3,500 loans worth more than S$1.1b for micro, small enterprises

DBS has approved over 3,500 loans for micro and small enterprises, totalling more than S$1.1 billion, under Enterprise Singapore's financing schemes.

DBS approves over 3,500 loans, worth over S$1.1b, for micro and small enterprises

DBS has approved over 3,500 loans for micro and small enterprises, totalling more than S$1.1 billion, under Enterprise Singapore's financing schemes.

Eagle Hospitality Trust gets notice of default on US$341m loan, delays distribution

EAGLE Hospitality Trust’s (EHT) managers are delaying the distribution to stapled security holders, after having received a notice of default and acceleration on a syndicated loan of which US$341...

Singapore banks to see loan growth rate halved this year from coronavirus: Fitch Solutions

[SINGAPORE] Singapore banks' loan growth will slow to 1.5 per cent in 2020, down from 3.1 per cent last year, given the stiff economic headwinds facing Singapore from the coronavirus (Covid-19)...