financial services

SINGAPORE (Nov 11): “The system of making capitalism work well for most people is broken.” — Ray Dalio, founder of hedge fund Bridgewater Associates

SINGAPORE (Sept 27): Some 52% of financial services companies in the Asia Pacific region have adopted artificial intelligence (AI), higher than the average level of 41% across industries.

(Sept 26): Traveloka, Southeast Asia’s largest online travel startup, is getting into financial services.

SINGAPORE (Aug 26): Singapore-based ride-hailing firm Grab is set to invest “several hundred million dollars” in Vietnam where the company sees its next major growth market, just weeks after it unveiled a US$2 billion ($2.8 billion) plan in Indonesia.

(July 11): Ride-hailing giant Go-Jek has secured an investment from Siam Commercial Bank, the Thai lender that counts King Maha Vajiralongkorn as its biggest shareholder, according to people familiar with the matter.

(June 17): Singapore ride-hailing giant Grab held talks to acquire payments provider 2C2P Pte and was turned down, according to people familiar with the matter, a sign of the ambitions Southeast Asia’s most valuable startup has in financial services.

SINGAPORE (Sept 20): While a majority of Singaporeans view the city state’s financial services sector as more trustworthy than a decade ago, many are cautious towards less familiar sub-industries and new & emerging digital financial services companies.

SINGAPORE (July 18): Singapore's millennials are outpacing their Generation X (Gen X) and baby boomer peers when it comes to growing their savings, according to United Overseas Bank’s (UOB) transaction patterns of its flagship UOB One Account holder

(Jan 15): Singapore’s economic recovery is broadening out in the city state, but there are still “real challenges” in the labor market, central bank Managing Director Ravi Menon said.