DBS to launch digital exchange; crypto trading may start next week

South-east Asia’s largest bank DBS will launch a digital currency exchange that will allow investors to trade in cryptocurrencies and firms to raise funds through asset tokenisation. The crypto exchange is expected to start trading as early as next week,

Singapore bank lending dips 0.1% in March from February

SINGAPORE – Bank lending inched down in March from the previous month amid the coronavirus outbreak, as a drop in consumer loans offset a rise in business lending, preliminary data from the Monetary Authority of Singapore (MAS) showed on Thursday (April 30).