SINGAPORE (THE BUSINESS TIMES) – Singapore’s bank lending in October fell for the eighth straight month on continued weakness in business loans, data from the Monetary Authority of Singapore showed on Monday. Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – inched down 0.3 per […]
Read MoreRecently established peer-to-peer (P2P) lending marketplace, Singapore-based Rai Capital, has announced its official launch in Cambodia. Licensed and regulated by the Securities and Exchange Commission of Cambodia (SECC), Rai Capital is a joint venture with Goldbell Financial Services, one of Singapore’s leading non-bank business finance providers. It is designed for micro-entrepreneurs and individuals to promote […]
Read MoreSINGAPORE’S service sector reported a 9.5 per cent year-on-year drop in receipts in the third quarter of 2020, although receipts improved on a quarterly basis compared to Q2 – the Republic’s “circuit-breaker” period, according to the Singapore Department of Statistics (SingStat) on Friday. Q3’s performance is a smaller contraction than that seen during Q2’s year-on-year […]
Read MoreSINGAPORE – Thailand’s initial public offering market has chalked up another stellar performance, beating Singapore for the second year running as the top IPO market in South-east Asiam with the largest amount of funds raised, according to research from professional services firm Deloitte. Singapore had eight listings that raised a total of US$852 million (S$1.14 […]
Read MoreSINGAPORE’s financial services sector has remained resilient against the economic toll of the Covid-19 pandemic, creating some 1,900 net jobs for Singaporeans in the first half of the year. But this trend may not be here to stay, as rising demand for tech roles in the industry continues to outstrip the ability to build up […]
Read MoreSINGAPORE’S factory output fell 0.9 per cent year on year in October with a decline in electronics output, confounding economists’ expectations of a 7.3 per cent growth, Singapore Economic Development Board figures showed on Thursday. It was a sharp about-turn from September’s revised growth figure of 25.6 per cent, which had been boosted by the […]
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