Featured Archives • Page 941 of 1315 • Financial News

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Reserve Bank of India raises key lending rate as expected, comments in focus

THE Reserve Bank of India’s key interest rate was raised by 50 basis points on Wednesday as widely expected, in the second hike in as many months, in a bid to curb persistently high inflation. The monetary policy committee (MPC) raised the key lending rate or the repo rate...

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Ravi Menon to chair board of Apac network helping financial institutions reach net zero

RAVI Menon, managing director of the Monetary Authority of Singapore (MAS), will chair the advisory board of a new Asia-Pacific network that will support the net-zero transition of financial institutions in the region.

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ADDX is first Singapore financial institution to recognise crypto assets of accredited investors

PRIVATE market exchange ADDX will now consider cryptocurrency assets in verifying accredited investors, becoming the first financial institution in Singapore to do so.

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How to regulate the crypto world: market players offer myriad solutions but little concurrence

THE ongoing cryptocurrency rout, triggered in part by the <a href="https://www.businesstimes.com.sg/banking-finance/terrausd-stablecoins-co... target="_blank">collapse of popular stablecoin TerraUSD</a>, has sent regulators around the world scrambling to strengthen investor protection.

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Raffles Education to issue convertible bonds, placement to repay loans

RAFFLES Education is seeking to raise S$26.2 million in convertible bonds to repay existing loans and for general working capital, the company said in a bourse filing late Tuesday night (Jun 7).

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South-east Asia’s green sector worth US$1t by 2030, but only US$15b invested: Bain, Temasek

SOUTH-EAST Asia’s green sector will see US$1 trillion in economic opportunities by 2030, but only US$15 billion has been invested since 2020, a new report by Bain & Company and Temasek has found.

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MAS tightens guidelines for financial institutions to better manage service disruptions

TO strengthen financial institutions’ (FIs) responses to service disruptions, the Monetary Authority of Singapore (MAS) has tightened its guidelines for the sector.

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Ant soft launches SME-focused ANEXT digital bank in Singapore

CHINESE fintech giant Ant Group on Monday (Jun 6) soft launched its digital wholesale bank in Singapore, called ANEXT Bank, to focus on serving regional micro, small and medium enterprises – especially those with cross-border operations.

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USD/JPY maintains bullish uptrend

By Andrew Lee

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Poor management of biodiversity also a risk to financial stability of economies: MAS

AS the world’s knowledge of climate change deepens, few would now argue over the devastating effects it has on biodiversity and health. Less obvious but just as deadly is the damage to the financial stability of economies.

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