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MAS taskforce to make clear the liability held by consumers, financial firms in e-payment scams

THE Monetary Authority of Singapore (MAS) is working with banks and key payment players to provide "fair, clear and consistent approaches" for liability apportionment for fraudulent e-payment transactions, said Minister of State for Home Affairs Desmond Tan.

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Climate change is top emerging risk for banks in Asia-Pacific: survey

FOR the first time, climate change has topped the list of both long and short-term risks for banks in the Asia-Pacific, an annual survey by EY and the Institute of International Finance showed on Thursday.

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BT Explains: A look at payment fraud, which hits Singapore firms more than in region

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4.1m CPF members’ balances hit record S$462.1 billion in 2020

THE balances of Central Provident Fund (CPF) members grew by 8.7 per cent year on year to a record S$462.1 billion in 2020 from S$425.1 billion the previous year, the 2020 annual report of CPF Board noted.

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Endowus crosses S$1b in AUM in less than two years of full launch

DIGITAL wealth platform Endowus has crossed S$1 billion in assets under management (AUM) in Singapore, achieving this within 20 months of its full-service launch.

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Wirecard’s India unit sold to Temasek-backed Nium

WIRECARD's insolvency administrator has sold off another Asian entity of Wirecard - this time to Nium, the cross-border payments platform previously known as InstaReM.

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Hongkong Land prices US$500m green bonds due 2031 at 2.25%

PROPERTY developer Hongkong Land on Wednesday priced its 10-year US$500 million green bond offering through its subsidiary The Hongkong Land Finance (Cayman Islands) Company.

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Allgreen-Kerry JVs obtain S$861.8 green loan for Pasir Ris development project

TWO 70:30 joint ventures between Allgreen Properties and Kerry Properties - Phoenix Residential and Phoenix Commercial - have obtained an S$861.8 million green loan from DBS, Maybank and OCBC to finance a mixed-use development project in Pasir Ris.

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For Asia’s next-generation leaders, ESG is a strategy to push for change

INTEGRATING environmental, social and governance (ESG) considerations into investments used to be just a nice-to-have - or even a sacrifice, in the view of some. These days, however, investors' conversations around ESG are increasingly moving from "why" to a "why not".

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Citi appoints 5 Singaporeans in senior roles across Asia

CITI Singapore on Tuesday said it has appointed five Singaporeans to senior roles in various business groups across Asia.

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