Singapore

It’s no exaggeration to say that financial services are critical to Singapore’s future prosperity. The country has long punched above its weight in the global  financial services industry, serving as a strategic operational base for a huge number of major international organisations to do business throughout Asia. As a result, the sector is responsible for approximately 200,000 jobs and accounts for around 10% of Singapore’s GDP each year. 

Proposed final dividend was increased to 28 cents per share.

The members-only exchange is one of the world’s first bank-backed digital exchanges.

Li served as Hang Seng Bank China deputy chief executive and head of retail banking and wealth.

The new COO has experience in AI and analytics for business operations

Power generation, manufacturing, transport industries will be the most impacted.

This is to complement Enterprise Singapore’s temporary bridging loan programme for SMEs.

The two-hour course is made up of 10 modules.

This includes access to current/savings accounts, ATMs, debit/credit cards, and digital banking.

Contactless cards are a key driver of growth.

Wealth management and loan fees hit record highs.

Loan growth was at its highest in seven years.

The funds will mainly go to improving the livelihood affected by the pandemic.

Latest industry survey reveals 88% of Singaporeans prefer biometric cards.

This comes after the bank’s digital services went offline in November.

OCBC fully-covering losses should not set a general precedent for future cases, the regulator said.