SINGAPORE (THE BUSINESS TIMES) – OCBC Bank has brought Google Pay’s peer-to-peer (P2P) funds transfer service to Singapore, making the Republic the third country where this service is available. Before this, the service was available only in the United States and India. With the new service, OCBC customers can pay directly from their bank accounts to […]
Read MoreAS THE novel coronavirus pandemic continues to unfold, the construction industry is expected to be hammered, with economists looking at further double-digit contraction. “Unfortunately, the construction sector will take a big hit in Q2 2020 from the Covid-19 pandemic – first from the one-month circuit breaker and the rising infections/quarantines at foreign workers dormitories, as […]
Read MoreSINGAPORE – Property investment sales in Singapore fell 37 per cent to $3.02 billion in the first quarter of this year from the previous three months as the coronavirus outbreak took its toll on investor sentiment, a report from Cushman & Wakefield on Monday (April 13) showed. Said Ms Christine Li, its head of research for Singapore […]
Read MoreSINGAPORE-BASED investors have been found to value confidence, financial comfort and risk tolerance more than investors in Hong Kong and Taiwan and are least likely to be impulsive with their investments. This is according to a study from Standard Chartered Bank released on Thursday, which compares the behaviour of investors in Singapore, Hong Kong and […]
Read MoreSINGAPORE – Employers are strongly urged not to resort to retrenchment or prolonged no-pay leave to manage business costs during the circuit breaker month, said the Ministry of Manpower (MOM) in an advisory this week on salary and leave arrangements. They should tap the enhanced Jobs Support Scheme payout for April to pay local workers their salaries. “This will […]
Read MoreSINGAPORE’S digital banking contenders will need to wait a bit longer to know whether they are successful in their applications. The Monetary Authority of Singapore (MAS) announced on Thursday that successful applicants will be informed in the second half of 2020 instead of June 2020 as originally intended, as the ongoing virus outbreak throws a […]
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