OCBC is seeing a sharp rise in digital insurance transactions, with seniors above 50 - the fastest growing segment - making up more than half of this group, said a top OCBC executive.
AS relief schemes put in place to cushion the pandemic's financial blow start to expire, debt balances are likely to go up in the coming months. Already, figures from the Credit Bureau Singapore show personal debt rising, with the average personal loans and overdraft balances for those under...
MORE than 70 per cent of Singapore consumers are open to migrating to digital-first banks, signalling strong competition ahead for the incumbents.
WHILE Beijing's regulatory crackdown has stirred volatility, strong levels of activity in markets like South Korea, India and South-east Asia will continue to drive Asia's initial public offering (IPO) frenzy.
CHINA'S heavy-handed clampdown across sectors has knocked market sentiment in recent months, fanning fears of more regulatory implications to come.
SINGAPORE banks have limited onshore China exposure and so will likely avoid direct hits from the Evergrande fallout, said analysts.
SINGAPORE-BASED robo-advisor StashAway, which expanded its operations into Thailand earlier this month, joins a growing number of private banks, mutual funds and local digital portals keen to facilitate the outflow of Thai baht from the kingdom into higher-yielding stocks and bonds abroad.
WHILE Beijing's regulatory crackdown has stirred volatility, strong levels of activity in markets like South Korea, India and South-east Asia will continue to drive Asia's initial public offering (IPO) frenzy.
SINGAPORE banks have limited onshore China exposure and so will likely avoid direct hits from the Evergrande fallout, said analysts. But investors should watch share price impact, as the bank stocks are vulnerable to a drag from negative sentiment.
SINGAPORE banks have limited onshore China exposure and so will likely avoid direct hits from the Evergrande fallout, said analysts. But investors should watch share price impact, as the bank stocks are vulnerable to a drag from negative sentiment.
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