Singapore

Singapore life insurance records whopping $1.97m in sales

This accounts for a YoY 61% growth in H1 2021.

ESR acquisition of ARA to make it largest real asset manager in APAC

ESR Cayman Limited is set to acquire ARA Asset Management for US$5.2b.

DBS profit up 54% to record S$3.71b in H1, 33 cents DPS announced

Fee income rose to a record as wealth fees hit new heights.

SIA cuts down net loss to $409m in Q1

The airline saw a net loss of $1.12b in the same period last year.

Singapore lifts dividend cap on local banks, financial companies

Local financial firms are expected to remain resilient even should the economy slip into a recession again.

Citi rolls out real time liquidity sharing solution in APAC

Treasury teams can mobilize liquidity and fund intraday payments in real-time.

MAS, France complete wholesale cross-border payment experiment using CBDC

It simulated cross-border transactions involving multiple CBDCs on a common network.

Citi appoints 5 Singaporeans to senior positions across APAC

This includes the new head of Integrated Corporate Bank for its Taiwan business.

Southeast Asia’s neobank market to grow 50% in 2021

Funding and winding down of the pandemic’s impact on the economy will push this market.

 Keppel REIT sells 50% stake in first Australian property for A$275m

The firm said this is part of its portfolio optimisation strategy.

MAS, international agencies launch Global Challenge for CBDC solutions

Finalists will receive mentorship from industry experts, a chance to prototype their solutions, and a cash prize.

Japfa buys two dairy farms to boost China expansion

This comes as the Group plans to be the leading raw milk producer in China.

SIA launches carbon offsetting scheme

The scheme will be launched in both passenger and cargo airlines.

SG-UK digital economy deal negotiations underway

It is aimed at providing a seamless digital trade and business between the two countries.