Singapore

The internet economy for ASEAN is expected to grow to US$300 billion in 2025 with e-Commerce becoming its biggest sector as published in the Google and Temasek’s 2019 e-Conomy report. Consumers have adopted digital for day-to-day lifestyle and financial needs and we see that in Singapore, over 88% of Singaporeans are online and 57% have either made a purchase or paid a bill through online platforms*, according to We Are Social’s Digital 2020 Singapore report. This trend is set to accelerate especially with 5G technology implementation and consumers having greater access to a variety of digital products and services.

She was Duco's former Business Development Director and Head of Sales for APAC.

The payments provider has been forging new tech-based products and partnerships to keep up.

Compressed net interest margin and rise in non-performing loans are to be expected, according to analysts.

Banking and insurance operations suffered tremendous losses.

The notes have a notional amount of $14m (S$20m).

Total impairment charges skyrocketed 96% to $286m.

And Norwegian wealth fund backs Barclays’ climate talks.

The pandemic’s full brunt won’t set in until later in 2020.

The bank also tapped MAS SGD Facility to help clients access funds at lower interest rates.

Starting 6 May, individuals with specific loans may apply to defer repayments until 31 December.

Health concerns made contactless payments more favourable to consumers.

It is integrated into the DBS/POSB internet banking app.

Downturns will be steeper than a normal cyclical downturn and stay until 2021.

Over three-fifths of clients are willing to switch to neobanks.

But credit charges are expected to rise further.