Financial Services

Frasers Centrepoint Trust bags $419m green loan, carbon credits from OCBC

The loan will be used to accelerate Tampines 1’s journey to carbon neutrality amongst others.

Frasers Centrepoint Trust bags $419m green loan, carbon credits from OCBC

The loan will be used to accelerate Tampines 1’s journey to carbon neutrality amongst others.

Central bank logs $30.8b net loss in FY22/23

The Monetary Authority of Singapore (MAS) said there were higher interest expenses.

Family offices to push growth of financial wealth in Singapore

There are now 800 family offices in the city, compared to only 100 five years ago.

Sustainable debt market in Singapore grew healthily to $27.05b

Singapore’s sustainable debt market went up by about 10 times in the last five years.

MAS unlikely to change policy in October: experts

UOB Kay Hian said an off-cycle announcement will only happen if there's a sharp growth downgrade in inflation.

Opnfi and actyv.ai Partners to Bring Embedded Finance Solutions for Businesses in South Asia, ASEAN & MEA

Opnfi’s B2B EmFi platform will facilitate orchestration between enterprise customers and financial services institutions.

Singapore snags ‘most ideal country for FX traders’ title 

The Lion City recorded a forex suitability score of 8.07 out of 10.

9 of 10 Singaporeans think cashless payments are most eco-friendly

This includes cards, mobile wallets and mobile banking. 

Central bank explores responsible AI practices through new tech firm collab

It partnered with Google Cloud to also cultivate technologists with AI skills.

Temasek Holdings cuts staff compensation over 'disappointing' FTX investment

This was after the investment firm conducted an internal review on the matter.

Chart of the Day: Credit card balance to hit $13.7b in 2023

Singapore has 62,000 POS terminals per 1 million individuals.

OxPay CFO under investigation by Commercial Affairs Dep't

The investigation is in no way related to OxPay or the group.

Singapore banks deliver strong earnings growth in Q1

OCBC outperformed with a net interest margin expansion of 75bp YoY.

Central Bank unveils the Lee Kuan Yew centenary coin

Singaporeans can obtain the commemorative coin starting September 2023.

Singapore’s AUM grew by $470b mostly due to institutional investors: MAS

The growth makes up around 20% of the increase in total AUM from 2017 to 2021.

Authorized and recognized unit trusts post net inflows of $897.58m in Q1

For now, Morningstar sees global slowdown impact has yet to come to fruition.