The regulator and central bank has announced measures to help enhance the career prospects of Singaporeans in the financial sector and better position financial institutions for growth.
The news comes several days after reports that the Malaysian bank is letting go of its consumer, commercial and corporate banking heads in Singapore, following a review of its operations.
Singapore’s stories rise as the region’s preferred family office hub continues with the latest addition of yet another owned by a U.S. billionaire hedge fund owner.
Raffles Hotel Singapore is partnering Adyen to enhance its digital experience across the hotel’s room reservations, food and beverage offerings, as well as spa and boutique stores.
The investment management firm cited the global search for yield, redrawing of global supply chains and shift towards sustainable investing as major trends that have raised its confidence in an improved outlook towards Asian credit and equities.
Investments by sovereign wealth funds into special purposes acquisition companies – vehicles that raise IPO money for the purpose of acquiring companies – have skyrocketed amid capital injection to feed cash-starved firms.
Supported by the Monetary Authority of Singapore’s Green and Sustainability-Linked Loan Grant Scheme, the framework will make financing more accessible to companies contributing to the creation of smart cities.
The fast-growing fintech said it is looking to fill nine permanent roles in Singapore, and is opening a search for interns for its February 2021 intake.
After decades of serving as Beijing’s default platform for international trade, Hong Kong-China financial relations find themselves on the back foot and this unfamiliar position was no better showcased than the past month.
Finantix, a global provider of technology solutions to the wealth management, insurance, and banking industries, is growing its regional capabilities with senior appointments in Singapore and Hong Kong.
Former Goldman Sachs banker Roger Ng told courts that he had warned the bank about fugitive financier Low Taek Jho and blamed ex-colleague Tim Leissner for being the real central figure internally.
EFG International has appointed a new head of Continental Europe and the Middle East. The banker has 25 years of experience leading the Swiss businesses of international banks, including CA Indosuez and Barclays.
A former governor of the Chinese central bank said that cooperation with Singapore on digital currency could begin with retail payments where there are more opportunities and fewer risks.
Work-from-home measures will have a lasting impact on office spaces in the Asia Pacific, according to a Knight Frank report, which expects elements of hybrid working options to enter the mainstream.
Ski chalets are finding favor over hotels as holiday-makers eye up winter breaks. finews presents nine gems which stand out from the raft of standardized or mass-market offerings.
Riding on the growing focus of sustainable investing and climate change, the Hong Kong Monetary Authority said the city could develop to become a green bond hub for Greater Bay Area.
The Monetary Authority of Singapore said it would proceed with issuing digital banking licenses as planned, underlining that regulatory tightening in China would have no impact.
Despite recent moves to bolster the allure of Hong Kong’s family office market, uncertainty lies ahead in the politically shaken city.
OCBC has launched a framework designed to make access to financing easier for small and medium enterprises (SMEs) that are involved in sustainable activities.
The Swiss bank is kissing off $450 million related to a U.S. hedge fund which is closing. The write-down represents more than Credit Suisse paid for it ten years ago.
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