Singapore
Singapore, Japan renew bilateral swap arrangement
Singapore, Japan renew bilateral swap arrangement
																					
							Singapore can swap up to $3b whilst Japan can swap up to US$1b.
						
					
					
				1 in 4 Singaporeans concerned about payment fraud: study
																					
							Consumers want robust fraud protection when choosing their financial provider.
						
					
					
				MAS bars ex-DBS rep from financial advisory work for 5 years
																					
							Hafiz was convicted to one count of abetting an offense on May 2022.
						
					
					
				Digitalisation amplifies data and liquidity risks
																					
							Increasing interconnectivity increases complexity and opacity.
						
					
					
				SGX FX onboard Rand Merchant Bank on buyside platform
																					
							RMB will offer liquidity services to the OTC FX buyside platform.
						
					
					
				Loan growth & higher fees prop up Singapore banks’ earnings in Q1
																					
							DBS’ and OCBC’s DPS are likely to rise in H2.
						
					
					
				UOB appoints Mark Tan as head of internal audit in Hong Kong
																					
							Tan will oversee all audit functions for UOB Hong Kong.
						
					
					
				Atome’s BNPL debuts on Taobao Singapore
																					
							Every Saturday, Atome shoppers can enjoy a $12 off for a $120 minimum spend.
						
					
					
				MAS appoints trade minister Gan Kim Yong as new chairman
																					
							He will be replacing DPM Lawrence Wong.
						
					
					
				OCBC launches $676.95m fixed rate subordinated notes
																					
							The notes will have a coupon of 5.52% annually.
						
					
					
				SGX welcomes ETF tracking APAC financial institutions
																					
							It has S$47m in assets under management at launch.
						
					
					
				Why banks need fintechs to buoy loan growth
																					
							Loan demand has doubled in Singapore, and fintechs can help onboard quality clients.
						
					
					
				UOB grants 30,400 shares to eligible non-executive directors
																					
							The share awards are part of the directors’ remuneration for 2023.
						
					
					
				OCBC logs record net profit of S$1.98b in Q1; EPS is S$1.76
																					
							Higher wealth management and insurance income pushed up fee income.
						
					
					
				OCBC courts Great Eastern with S$1.4b offer
																					
							The bank plans to increase its investment beyond its current 88.44% stake.
						
					
					
				DBS names Ping An Tech’s Eugene Huang as bank CIO
																					
							Huang led a team of 22,000 employees in Ping An to provide IT offerings.
						
					
					
				Citi names Damien Tan as head of corporate bank for Singapore
																					
							Tan was previously head of local corporates for Citi Singapore.
						
					
					
				 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
						 
								 
						 
								 
								 
						 
						 
								 
								 
																					
											
																			 
																					
											
																			 
																					
											
																			 
																					
											
																			 
                