Grab

The sum includes US$706 million from MUFG, Japan’s largest bank, and US$150 million from TIS, a provider of data center and cloud services, according to joint statements from the companies.

On Jan 7, the Monetary Authority of Singapore (MAS) announced that it had received seven applications for the two digital full bank (DFB) licences on offer, and 14 applications for the three digital wholesale bank (DWB) licences.

SINGAPORE (Dec 31): The large number of Singaporeans still without good access to financial services will be key to creating a successful digital bank in the country, according to executives from Grab Holdings Inc. and Singapore Telecommunications Ltd.

(Dec 18): Grab Holdings and gaming company Razer will need to demonstrate how their millions of users can help them generate profits if the two technology firms are to win one of Singapore’s coveted virtual banking licenses.

SINGAPORE (Dec 2): "Democracy is alive and well" — Ronny Tong, pro-Beijing member of Hong Kong’s Executive Council, following the landslide victory of pro-democracy candidates at the recent local elections

(Dec 2): Has the golden age of asset management finally arrived in Asia? For years, Asia’s hottest unicorns left their homelands to list in New York for one simple reason: a deep pool of US money. And they have been rewarded. From Alibaba Group Holding

SINGAPORE (Nov 11): Love them or hate them, personal mobility devices (PMDs) have made their presence felt in Singapore. But with the introduction of a ban on their use on footpaths effective Nov 5, you will see less of these devices.

Singapore (Oct 7): “Officially Tuas is designed to handle 65 million TEUs (20-foot equivalent units), but I am sure PSA can squeeze a little more out of it if we work hard.” – Prime Minister Lee Hsien Loong, at the groundbreaking of the Tuas Megapor

(Oct 3): Malaysia's competition regulator on Thursday proposed a fine of over RM86 million ($28.4 million) on ride-hailing firm Grab for violating competition law by imposing restrictive clauses on its drivers.

SINGAPORE (Sept 30): “No doubt, I will receive some harsh criticism. But I also hope to receive constructive suggestions to help this government meet the public’s expectations for a more inclusive and fairer Hong Kong.” — Hong Kong Chief Executive