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SINGAPORE (THE BUSINESS TIMES) - DBS announced on Monday (May 10) that it has issued more than $450 million in Singapore Overnight Rate Average (Sora)-pegged loans as at end-April 2021, just over six months after the bank launched the market's first Sora-pegged business property loan. The strong traction for loans which reference the Sora comes after Singapore's ceasing of the issuance of new loan products referencing the Swap Offer Rate (SOR) at the end of last month. Sora-pegged loans now account for about one-third of all new small and medium enterprise (SME) loans in Singapore issued by D...

The Straits Times SMEs can now use facial recognition to apply for DBS online banking accounts DBS will offer SingPass Face Verification as an authentication option for all qualifying applications from Feb 23, 2021.PHOTO: DBS https://str.sg/JHjH They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the firs...

Advertisement Developing-market SMEs, which have long competed for funding against bigger corporates, are counting on help from governments and multilateral lenders to keep afloat.  February 04, 2021 The long shadow cast by the coronavirus pandemic has extended perhaps most dramatically to small and midsize enterprises (SMEs), highlighting the outsized role they play in the economies of three developing regions—Southeast Asia, Africa and the Middle East—and the challenges they face going forward. Full recovery from the Covid-19 crisis will be critical for these countries. According to a ...