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Crude crash ruins Singapore oil tycoon

SINGAPORE: Singapore tycoon O.K. Lim built up his oil empire from a single-truck outfit through hard work and high-risk gambles, a rags-to-riches tale that made him a legend among crude traders. But it all came crashing down when oil markets were plunged into unprecedented turmoil by the coronavirus pandemic and revealed the keen poker player […]

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Singapore bank lending dips 0.1% in March from February

SINGAPORE – Bank lending inched down in March from the previous month amid the coronavirus outbreak, as a drop in consumer loans offset a rise in business lending, preliminary data from the Monetary Authority of Singapore (MAS) showed on Thursday (April 30). Loans through the domestic banking unit, which captures lending in all currencies but reflects mainly Singapore-dollar […]

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