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Latest news

Hong Kong interbank rates jump, pull HKD off band extreme

Business Times•10 May 2023
Hong kong interbank rates jumped on wednesday (may 10) as a further decline in banking system cash balances spurred expectations of tightening monetary settings and to an unwinding of short positions in the pegged hong kong dollar.

How New Zealand and Singapore are working together to build a great future with tech

e27•10 May 2023
Collaboration between startups in different countries can be a game-changer for the growth and success of these companies. In this regard, the partnership between startups in New Zealand and Singapore is worth noting due to the similarities between the two markets. In an interview with e27, New Zealand Trade Commissioner Maggie Christie reveals the similarities ...The postHow New Zealand and Singapore are working tog...

Echelon Asia Summit is back! Get to know our PR partner

e27•10 May 2023
Use our special promo code: GO for 75% off your Echelon tickets! The 2023 Echelon Asia Summit is happening at the Singapore EXPO on 14-15 June 2023. Are you a startup founder, investor, corporate, or tech enthusiast? Don’t miss out on one of the most anticipated tech conferences in the region! For more information, visit the ...The postEchelon Asia Summit is back! Get to know our PR partnerappeared first one27.

Brokers’ take: Maybank raises Dyna-Mac target price to S$0.40 on strong Q1 results

Business Times•10 May 2023
Maybank securities raised its target price for dyna-mac to s$0.40, from s$0.35 previously, after the group reported on tuesday (may 9) strong results for the first quarter ended mar 31, 2023.

ABN Amro Q1 net profit jumps 77% on higher rates and lower costs

Business Times•10 May 2023
Dutch bank abn amro on wednesday (may 10) beat analyst expectations with a 77 per cent jump in first-quarter net profit to 523 million euros (s$761.5 million), helped by rising interest rates and lower costs.

Siam Cement Group acquires Seekmi to expand its subsidiary’s business to Indonesia

e27•10 May 2023
Siam Cement Group (SCG) today announced that it had acquired Indonesian home service marketplace Seekmi for an undisclosed sum. Following the acquisition, Seekmi will continue to use its brand while Founder and CEO Clarissa Leung will have the role of Advisor. In a press statement, SCG said that with the acquisition, its subsidiary Q-Chang, can ...The postSiam Cement Group acquires Seekmi to expand its subsidiary’s b...

Saudi Aramco to supply full oil volumes to Asia in June, but some seek less

Business Times•10 May 2023
Saudi aramco has told customers in north asia they will receive full volumes of crude oil that they have requested in june, several sources with knowledge of the matter said on wednesday (may 10).

Hacking your way into angel impact investing with just US$10K

e27•10 May 2023
This article was first published on October 21, 2021. Newsflash. You don’t need to be a millionaire to be an impact investor. There are all kinds of ways of investing your money today. You can invest in cryptos, buy NFTs, and you can, of course, invest in stocks. Still, in my experience, there is nothing ...The postHacking your way into angel impact investing with just US$10Kappeared first one27.

15 startups that are among this year’s frontrunners for TOP100

e27•10 May 2023
Use our special promo code: GO for 75% off your Echelon tickets! The 2023 Echelon Asia Summit is happening at the Singapore EXPO on 14-15 June 2023. Are you a startup founder, investor, corporate, or tech enthusiast? Don’t miss out on one of the most anticipated tech conferences in the region! For more information, visit the ...The post15 startups that are among this year’s frontrunners for TOP100appeared first one27...

How the API economy has sparked innovation during the pandemic in Indonesia

e27•10 May 2023
Picture this: Indonesia pre-pandemic. The financial services industry remains largely centred around banks while alternative digital services offered by tech firms such as mobile wallets or P2P (peer-to-peer) lending are still developing. According to Google, Temasek, and Bain & Company’s joint study in 2019, there were around 92 million unbanked and 47 million underbanked adults ...The postHow the API economy has sp...

AI will transform customer service, risk management in financial services: finbots.ai CEO

e27•10 May 2023
Artificial Intelligence has made a transformational impact in many industries, especially the financial services industry. For example, banks and lending institutions use AI models to provide customised financial advice and product recommendations, in addition to proactive fraud detection. Singapore-based finbots.ai is working with organisations such as banks and lenders to provide credit modelling solutions, and ......

HSBC gains assets from former Credit Suisse clients in Asia

Business Times•10 May 2023
Hsbc holdings said it’s picking up clients and staff from credit suisse group following the swiss bank’s hastily-arranged takeover by rival ubs group.

What is co-lending and how will NBFCs benefit from it?

e27•10 May 2023
Since the turn of the past decade, smaller lenders have taken the credit industry by storm – making giant, liquidity-filled strides all over the world. These are essentially small banks and non-banking financial companies (NBFCs), that have capitalised on the limitless potential of technology to offer credit to sectors like agriculture, education and Small and ...The postWhat is co-lending and how will NBFCs benefit ...

Sustaining the work: How businesses can take a step forward in their move towards net zero

e27•10 May 2023
Use our special promo code: GO for 75% off your Echelon tickets! The 2023 Echelon Asia Summit is happening at the Singapore EXPO on 14-15 June 2023. Are you a startup founder, investor, corporate, or tech enthusiast? Don’t miss out on one of the most anticipated tech conferences in the region! For more information, visit the ...The postSustaining the work: How businesses can take a step forward in their move towards ...

Web3’s Coca-Cola moment: Tapping into incentive design to catalyse better ad experiences

e27•10 May 2023
What do Coca-Cola and Web3 have in common? Not much at first glance. Yet could there be timely lessons that Web3 can glean from the world’s most popular beverage? To find out, we begin with the origins story of Coca-Cola. The American Civil War was not kind to recipe creator John Stith Pemberton. After sustaining ...The postWeb3’s Coca-Cola moment: Tapping into incentive design to catalyse better ad experiencesappea...

OCBC profit up 39% for Q1 to record S$1.9 billion

Business Times•09 May 2023
Ocbc’s net profit for its first quarter rose 39 per cent to s$1.9 billion, buoyed by strong net interest income growth.

Top US Federal Reserve official does not rule out further rate hike

Business Times•09 May 2023
A top federal reserve official left the door open on tuesday on a further interest rate hike to combat inflation, although stressing that the us central bank’s future decisions must be data dependent.

Occidental buys back 6.5% of Warren Buffett’s preferred stock

Business Times•09 May 2023
Occidental petroleum redeemed us$647 million, or about 6.5 per cent, of berkshire hathaway’s preferred stock as the oil company begins paying back warren buffett four years after he helped finance its acquisition of anadarko petroleum.

Oil recoups losses on plans for SPR refill, higher seasonal demand

Business Times•09 May 2023
Oil prices ticked up on tuesday, reversing a more than 2 per cent drop earlier in the session, as markets weighed us government’s plans to refill the nation’s emergency oil reserve and anticipated higher seasonal demand.

Goldman to pay US$215 million to end case on underpaying women

Business Times•09 May 2023
Goldman sachs group has agreed to pay us$215 million to put an end to a long-running class-action lawsuit that accused the wall street giant of systemically underpaying women.

Indonesia became second largest cobalt producer in 2022

Business Times•09 May 2023
Indonesia became the world’s second-largest cobalt supplier last year, behind top ranked democratic republic of congo, as it accounted for almost 5 per cent of global production of the battery material, according to data from uk-based cobalt institute.

Vietnam’s renewable power output under strain amid record heatwave

Business Times•09 May 2023
[ho chi minh city] the extreme weather conditions in vietnam – with temperatures exceeding 44 deg c in some regions recently – are putting a strain on the country’s hydropower production.

StanChart to hire 100 staff for new China investment banking unit

Business Times•09 May 2023
Standard chartered is hiring at least 100 staff in china as the british lender gears up to launch an investment banking unit in the country targeting niche bond deals, the chairman-designate of the new entity said.

These 6 startups are among this year’s frontrunners for TOP100

e27•09 May 2023
Use our special promo code: GO for 75% off your Echelon tickets! The 2023 Echelon Asia Summit is happening at the Singapore EXPO on 14-15 June 2023. Are you a startup founder, investor, corporate, or tech enthusiast? Don’t miss out on one of the most anticipated tech conferences in the region! For more information, visit the ...The postThese 6 startups are among this year’s frontrunners for TOP100appeared first one27...

Launching in H2 2024: Digital platform for banks to share data on fishy transactions

Business Times•09 May 2023
A digital platform for financial institutions to upload and share information on suspicious activities and entities is expected to launch in the second half of 2024.
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