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Grab-Singtel venture applies for digital bank licence in Malaysia

SINGTEL has applied for a digital bank licence in Malaysia through its joint venture with Grab, together with a consortium of other investors, announced Singapore's largest telco on Thursday.

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Grab-Singtel will hunt for more digital bank licences in Asia, say analysts

WITH one digital bank licence already in the bag, the Grab-Singtel venture is expected to contend for more such licences across Asia as part of its regional expansion play, analysts say.

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Analysts believe conditions ripe for MAS to ease dividend restrictions

ANALYSTS expect the Monetary Authority of Singapore (MAS) to soon ease its current dividend restrictions on local banks, given their strong capital levels and earnings, but cautioned that there is still ongoing economic uncertainty that could weigh on the central bank's decision.

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Virus mutations, sharp pick-up in US inflation could drag down economic recovery: MAS

A FIRMER global recovery is on the cards in the second half of 2021 with the world's two largest economies - the United States and China - witnessing strong rebounds, but downside risks remain significant, said a top executive from the Monetary Authority of Singapore (MAS).

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Whiff of legal battle swirls around Laguna debenture debacle

SOME pioneer members of Laguna National who hold 30-year-old debentures and are owed money from them, may mount a legal case against club owner Peter Kwee and the club.

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Business loan demand rebounds slightly in May

BANK lending in Singapore rose for the seventh straight month in May, growing 0.2 per cent as business loans picked up and housing loans held steady.

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Endowus secures new strategic investors in UBS, Singtel and Samsung

DIGITAL wealth platform Endowus has secured three "strategic investors", including financial services group UBS, in a further affirmation of its business model.

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iFAST leads consortium applying for Malaysia digital bank licence

IFAST Corporation is leading a consortium to apply for a digital bank licence in Malaysia, it said on Wednesday.

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Singapore and UK launch Financial Partnership for greater cooperation

SINGAPORE and the United Kingdom launched a new Financial Partnership at the sixth UK-Singapore Financial Dialogue held virtually on Wednesday.

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Credit Bureau Asia’s subsidiary to operate Moneylenders Credit Bureau

CREDIT Bureau (Singapore) (CBS), a subsidiary of mainboard-listed Credit Bureau Asia (CBA), has been designated as the new operator of the Moneylenders Credit Bureau (MLCB), CBA said on Wednesday.

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