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SENIOR Minister Tharman Shanmugaratnam, chairman of the Monetary Authority of Singapore (MAS), is right to hail new virtual bank licences expected to be granted later this year as the next chapter in Singapore's banking liberalisation journey. He also has good reason to be confident in the ability...

BUILDING on measures implemented in November last year, the Ministry of Law (MinLaw) has further tightened caps on loans to foreigners and low-income foreigners in particular.

THE majority of working adults in Singapore are financially unprepared for retirement, with one in three saying that they do not invest and see investing as a form of gambling.

MAYBANK has demanded payment of another S$33.6 million from Tuaspring, the subsidiary of the debt-ridden water treatment company Hyflux.

ABOUT one-third of Singaporeans do not invest and see investing as a form of gambling, even as the majority of respondents were found to be financially unprepared for retirement.

ECONOMIC pundits are concerned that Christine Lagarde's appointment as the new European Central Bank (ECB) chief will accelerate competitive devaluations of the euro, yen and other currencies against the US dollar.

E-WALLET operators in Singapore are eyeing a future as a digital bank as opportunities in the business-to-business space come to the fore.

GLOBAL asset manager Aberdeen Standard Investments (ASI) and the Asian Infrastructure Investment Bank (AIIB) have partnered to develop debt capital markets for infrastructure, drive responsible investing in fixed income, and build a sustainable environmental, social and governance (ESG) ecosystem for investing in Asia’s emerging markets.

DBS chief executive officer Piyush Gupta has spotted "four or five" internal candidates who have the potential to take on his job, though without specifying a timeline, he said in an interview with Euromoney magazine.

THE Monetary Authority of Singapore (MAS) is "working closely" with the Securities Investors' Association (Singapore), or Sias, to find a sustainable funding model for the retail investor advocacy group to ensure its credibility with investors.