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Aviation & Engineering
Global airlines raised more than US$17 bil from banks in weeks
Delta Air Lines Inc is the top borrower this month, obtaining US$5.6 billion, followed by Singapore Airlines, which secured a S$4 billion bridge loan
March 29, 2020
Disruption and Digitalisation
Jack Ma's $398 bil loan machine is changing Chinese banking
(July 29): Jack Ma’s online bank is leading a quiet revolution in the way China lends to small businesses, taking aim at a credit bottleneck that has held back Asia’s largest economy for decades.
July 29, 2019
Global Economy
Is China the world’s loan shark?
SINGAPORE (July 22): China is not just the world’s largest exporter of goods; it is now the world’s largest exporter of capital, too. Of course, these two facts are linked. China earns so much from being the world’s factory, and the spending of its
July 19, 2019
Update
Sunvic Chemical racks up $44 mil in corporate loan claims, says cash flow may be affected
SINGAPORE (Jan 11): Sunvic Chemical Holdings says two of its subsidiaries, Yixing Yinyan Import & Export Co and Jiangsu Jurong Chemical, have each received letters of demand regarding corporate loans amounting to about RMB 222.5 million ($44.3 million).
January 11, 2019
Startups, Entrepreneurs, Digital economy
Temasek-backed Validus Capital raises over $120 mil in business funding
SINGAPORE (Sept 11): Validus Capital, a Singapore-based SME financing platform, has raised more than $120 million in funding for Singapore-based SMEs and businesses through its platform.
September 11, 2018
Fintech
OCBC rolls out voice banking service on Google virtual assistant platform
SINGAPORE (Apr 18): OCBC Bank today launched its artificial intelligence (AI) powered voice banking service to serve as a medium for its banking customers’ interaction and engagement via the Google Assistant function on a smartphone or a Google Home dev
April 18, 2018
Grab launches lending services and insurance products
SINGAPORE (March 13): Ride-hailing operator Grab is growing its share in the competitive Southeast Asian financial market. The start-up today announced a partnership with Credit Saison, Japan’s largest credit card company, to provide loans and lending s
March 13, 2018
Noble faces key deadlines as default threat looms
SINGAPORE (Dec 8): Noble Group Ltd., the embattled commodities trader, faces several significant deadlines as it wrestles with a US$3.5 billion debt restructuring.
December 08, 2017
China Focus
Millennials are helping Jack Ma’s financing firm become a debt giant
SHANGHAI (Oct 17): They’ve made billions of dollars helping sell everything from iPhones to hairdryers on China’s burgeoning online shopping platforms. Now, tech giants led by Alibaba Group Holding Ltd.’s finance affiliate are making money off the l
October 17, 2017
Commentary
When financial institutions are no longer built to serve
SINGAPORE (Oct 5): A gaping rift between Wall Street and Main Street remains even a decade on from the global financial crisis (GFC) as financial systems around the world continue to function without a core purpose, according to an associate editor and gl
October 05, 2017