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SINGAPORE - Shares of Singtel and iFast Corporation were heavily traded on Thursday (July 1) after the companies announced separately their applications for a digital bank licence in Malaysia. Singtel said before the stock market opened on Thursday that it had applied for a digibank licence in Malaysia through its joint venture with Grab and “a consortium of other investors”. No further information was provided. A day earlier, wealth management platform iFast Corporation announced it is leading a consortium applying for a licence from Bank Negara Malaysia. If its application is successful, iFast said it will own a 40 per cent stake in the digital bank. ....
The Straits Times Singapore financial sector grew an estimated 6% in first half of 2021: MAS chief Ravi Menon Singapore’s economic growth for 2021 can exceed the upper end of the 4 to 6 per cent forecast range, says MAS Ravi Menon.PHOTO: ST FILE PublishedJun 30, 2021, 11:24 am SGT https://str.sg/3oWH 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. ....
Singapore fintechs raised $656m in Q1, up 355% straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.