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A DROP in business loans was the main drag to total bank lending in July, even as housing loans continued to slide for the seventh straight month.

SINGAPORE will transition from the use of the Sing-dollar Swap Offer Rate (SOR) to the Singapore Overnight Rate Average (SORA) over the next two years, as the scandal-tainted Libor is due to meet its end after 2021.

BANK lending in Singapore dipped in July from a month ago on broad weakness across both business and consumer loans, preliminary data from the Monetary Authority of Singapore showed on Friday.

BANK lending in Singapore dipped in July from a month ago on broad weakness across both business and consumer loans, preliminary data from the Monetary Authority of Singapore showed on Friday.

STANDARD Chartered Bank has appointed Dwaipayan Sadhu as its head of retail banking in Singapore, effective Sept 1, 2019.

HOTPOT king and Haidilao founder Zhang Yong has displaced real estate tycoons Robert and Philip Ng of Far East Organization as Singapore's richest man - topping the 2019 Forbes Singapore Rich List with a net worth of US$13.8 billion.

SINGAPORE bond investors have rushed back into the market on fears that yields could fall further.

CONSUMERS are largely on board the digital payments train but businesses, particularly business-centric small and medium enterprises (SMEs), seem to need a bigger push to go entirely cashless or cheque-free.

RIDE-HAILING firm Grab is "confident" of meeting the digital banking licence requirements that include "a path towards profitability" on a five-year projection, the unicorn told The Business Times on Thursday.

SINGAPORE'S new digital banks must show a "path towards profitability" based on a five-year financial projection, the Monetary Authority of Singapore (MAS) said on Thursday, as the regulator officially opened up applications for no more than two licences for a digital full bank, and up to three...