Opening address by Lawrence Wong, deputy prime minister and minister for finance, and deputy chairman of the Monetary Authority of Singapore, at the Singapore FinTech Festival on 2 November 2022. I am so happy to…
Read MoreSINGAPORE – 2 November 2022 – Employing more than a quarter of the global workforce, agriculture accounts for 4% of global GDP, totaling nearly $4.5 trillion. At the heart of this value chain are more than 608 million…
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DBS CEO Piyush Gupta, Public Bank CEO Tay Ah Lek and UOB CEO Wee Ee Cheong are the top three highest-paid bank chief executives in Asia Pacific in FY 2021. The combined total remuneration eared…
Read MoreBack Published on 1 November 2022 213 Views Print Citi completes sale of Malaysia and Thailand consumer banking to UOB group 5 min read SINGAPORE – Citi announced today it has completed the sale of…
Read MoreSingapore, 31 October 2022 – The Monetary Authority of Singapore (MAS) released today a report detailing potential uses of a purpose-bound digital Singapore dollar (SGD) and the supporting infrastructure required, marking the successful completion of…
Read MoreThe Bank for International Settlements (BIS) and four central banks have completed a successful pilot of the use of central bank digital currencies (CBDCs) by commercial banks for real-value transactions across borders, as part of…
Read MoreBack Published on 27 October 2022 423 Views Print e-Economy 2022 report: Southeast Asia’s digital economy is on course towards $200B GMV in 2022, three years earlier than projected 5 min read Today, Google, Temasek…
Read MoreHong Kong/Shanghai – Citi has started offering money market fund distribution services to institutional clients in China – a move set to help multinational and local corporates in the country better manage cash amid volatile…
Read MoreBack Published on 28 October 2022 214 Views Print UOB 3Q22 net profit climbed 34% to $995 million 5 min read UOB Group posted a record high of SGD $1.4 billion ($995 million) net profit…
Read MoreBack Published on 28 October 2022 195 Views Print Credit Suisse unveils restructure plan after $4 billion Q3 2022 loss 5 min read Credit Suisse reports net revenues of CHF 3.8 billion ($3.8 billion) and…
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