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Grab-Singtel venture applies for digital bank licence in Malaysia


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. ....

Linklogis Hong Kong , China Ant Group , China Greenland Financial Holdings , Bank Negara Malaysia , Equity Investment Fund Management , Ant Group , Greenland Financial Holdings , Beijing Co Operative Equity Investment Fund , சீனா எறும்பு குழு , சீனா கிரீன்லாந்து நிதி ஹோல்டிங்ஸ் , வங்கி நெகாரா மலேசியா , பங்கு முதலீடு நிதி மேலாண்மை , எறும்பு குழு , கிரீன்லாந்து நிதி ஹோல்டிங்ஸ் , பெய்ஜிங் இணை செயல்பாட்டு பங்கு முதலீடு நிதி ,

Singapore financial sector grew 6% in first half of 2021: MAS chief Ravi Menon


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
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