Market Watch - Singapore

Union Bancaire PB obtains wholesale bank license in Singapore

The new license will allow UBP Singapore to offer Singapore dollar services, including deposits and loans, within the prescribed regulatory guidelines for wholesale banks, and provide a wider set of investment solutions to domestic clients in Singapore. Guy de Picciotto, CEO of UBP, said, "We welcome the approval from the MAS for the upgrade of… Continue reading Union Bancaire PB obtains wholesale bank license in Singapore

Market Watch - Malaysia

Fitch affirms Malaysia’s rating at A minus with a stable outlook

KUALA LUMPUR: Fitch Ratings has affirmed Malaysia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A-' with a Stable Outlook. It said on Friday the 'A-' rating reflects higher growth rates than the peer median and a net external creditor position which is supported by steady current account surpluses and large external assets. - The Star… Continue reading Fitch affirms Malaysia’s rating at A minus with a stable outlook