HERE IN ASIA

China's rebound from Covid-19 slump driving Asia-Pac wealth growth

CHINA is bouncing back to drive gains in household wealth out of Asia-Pacific - the only region in the world to record a gain in the first six months of the annus horribilis that is 2020.

Global household wealth holds steady amid pandemic: report

GLOBAL household wealth has held steady amid the crisis wrought by Covid-19, given timely relief measures from governments around the world.

Fintech sector overlooks lucrative women's market amid data gaps and bias

WOMEN represent the world's largest and fastest growing market, controlling over 40 per cent of global wealth - or US$216 trillion - and earning US$24 trillion annually.

Schroders to accelerate regional sustainability efforts from Singapore

ASSET manager Schroders on Friday announced plans to accelerate its sustainability initiatives across the Asia-Pacific from Singapore, which include establishing a regional hub based in the Republic.

OCBC named best managed bank during Covid-19: Asian Banker

OCBC has been named the best managed bank during the Covid-19 crisis at this year's Asian Banker Leadership Achievement Awards.

VIRUS OUTBREAK: JOBS IMPACT

Jobs targeted at foreign labour, poor attitudes behind traineeship mismatch

WITH thousands of traineeships available to fresh graduates across multiple sectors, it seems not all is doom and gloom in Singapore's job market amid the pandemic.

MAS extends low-cost funding to banks, finance companies to support SME lending

THE Monetary Authority of Singapore (MAS) will extend its low-cost Singapore-dollar facility for another six months, it said on Monday.

GARAGE: FINTECHS UNDER SCRUTINY

Singapore fintech founder silent on previous SEC probe

OCTIFI'S press release late last month rolled easily off the list of accolades of its founder, Ed Chin. Veteran on Wall Street, specialist in trading distressed consumer and mortgage credit, and former managing director at Goldman Sachs.

Next generation of wealth holders want efficient banking ties: BNP Paribas

WITH Asia primed to undergo a significant wealth transfer over the next decade, competition among banks to serve the region's ultra-rich families looks to intensify, with the next generation of wealth holders expected to further consolidate their banking relationships.

WIRECARD FALLOUT

Wirecard shutdown leaves some complacent merchants stranded

COMPLACENCY, resistance to change and wishful thinking were what led to some large businesses being left high and dry by Wirecard's cessation of its payments-processing services in Singapore last week, industry watchers say.

Asia billionaire wealth up 36%; tech, healthcare players pull ahead of peers

THE fortunes of Asia's wealthiest have grown more polarising, with billionaires in the booming tech and healthcare sectors pulling ahead of their peers as the Covid-19 crisis accelerates the divergence.

Asia's tech, healthcare billionaires pull ahead of peers: report

THE fortunes of Asia's wealthiest have grown more polarising, with billionaires in the booming tech and healthcare sectors pulling ahead of their peers as the Covid-19 crisis accelerates the divergence.

Revolut partners Income to embed micro-insurance offerings on its app

DIGITAL payments firm Revolut has partnered with NTUC Income's micro-insurance platform, SNACK, to incorporate flexible insurance offerings on Revolut's app.

M1, Safra among big retailers with payments disrupted due to Wirecard's exit

TELCO M1 and Safra are among some of Wirecard's former merchants experiencing disruptions to their payment services following the cessation of Wirecard's services in Singapore last week.

Top Glove to pay RM136m in remediation fees to migrant workers

MALAYSIAN glove maker Top Glove will pay a revised sum of RM136 million (S$44.5 million) in remediation fees to migrant workers who joined the company before it implemented a new standard for ethical recruitment in January 2019.

Olam upsizes flagship debt facility to US$1.98b

AGRI-FOOD giant Olam International has upsized its flagship debt facility by US$300 million to US$1.98 billion, and will use it to refinance existing loans, said the group in a statement on Tuesday.

BT EXCLUSIVE

More billion-dollar equity deals expected in Asean with markets rebound: Citi

CITI is expecting more billion-dollar deals in South-east Asia's equity capital markets over the next 12 months as markets rebound, with the region looking to play catch up to the rest of the world.

More companies make disclosures on directors involved in investigations

SEVERAL companies with directors involved in ongoing investigations issued disclosures on Monday in response to queries from the Singapore Exchange.

Eagle Hospitality Trust's former and current directors arrested, out on bail

EAGLE Hospitality Trust's (EHT) former and current Singapore-based directors were arrested and released on bail on Oct 1 on "reasonable suspicion" over breaches of disclosure rules.

Axington drops plan to acquire Vesta Apex Trading after failing to win shareholders' approval

AXINGTON Inc will not proceed with its proposed S$12 million acquisition of a Malaysia-based medical products distributor, after failing to obtain shareholders' approval for the deal.

IMDA, Sea partner to create 500 tech job opportunities for Singaporeans

THE Infocomm Media Development Authority (IMDA) and consumer Internet firm Sea Ltd have signed a memorandum of intent for a new programme to train 500 Singaporeans at Shopee, the e-commerce arm of Sea.

Axington's acquisition of Vesta Apex Trading falls through after failing to win shareholders' approval

AXINGTON Inc will not proceed with its proposed S$12 million acquisition of a Malaysia-based medical products distributor after failing to obtain shareholders' approval for the deal.

MAS orders Wirecard to stop payment services in Singapore

THE latest directive by the Monetary Authority of Singapore (MAS) for Wirecard entities in Singapore (Wirecard SG) to cease their payment services here comes as thousands of merchants in Singapore are users of Wirecard's payment terminals here.

CMT and CCT unitholders vote in favour of proposed merger

UNITHOLDERS of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) on Tuesday voted in favour of the proposed merger of CMT and CCT to form a new real estate investment trust (Reit), though CCT unitholders had lower percentage approvals than CMT unitholders.

Goldman Sachs joins peers with launch of forex pricing engine in Singapore

GOLDMAN Sachs on Tuesday announced that it will build an electronic foreign exchange (FX) pricing engine in Singapore to deliver low-latency execution for its clients.