loans

Aviation

Global airlines raised more than US$17 bil from banks in weeks

(Mar 29): Airlines worldwide raised more than US$17 billion ($24.3 billion) in bank loans in March to shore up their finances amid the coronavirus outbreak.

Disruption and Digitalisation

Jack Ma's $398 bil loan machine is changing Chinese banking

(July 29): Jack Ma’s online bank is leading a quiet revolution in the way China lends to small businesses, taking aim at a credit bottleneck that has held back Asia’s largest economy for decades.

Global Economy

Is China the world’s loan shark?

SINGAPORE (July 22): China is not just the world’s largest exporter of goods; it is now the world’s largest exporter of capital, too. Of course, these two facts are linked.

Update

Sunvic Chemical racks up $44 mil in corporate loan claims, says cash flow may be affected

SINGAPORE (Jan 11): Sunvic Chemical Holdings says two of its subsidiaries, Yixing Yinyan Import & Export Co and Jiangsu Jurong Chemical, have each received letters of demand regarding corporate

Startups • Entrepreneurs • Digital economy

Temasek-backed Validus Capital raises over $120 mil in business funding

SINGAPORE (Sept 11): Validus Capital, a Singapore-based SME financing platform, has raised more than $120 million in funding for Singapore-based SMEs and businesses through its platform.

Fintech

OCBC rolls out voice banking service on Google virtual assistant platform

SINGAPORE (Apr 18): OCBC Bank today launched its artificial intelligence (AI) powered voice banking service to serve as a medium for its banking customers’ interaction and engagement via the Google

Grab launches lending services and insurance products

SINGAPORE (March 13): Ride-hailing operator Grab is growing its share in the competitive Southeast Asian financial market.

Noble faces key deadlines as default threat looms

SINGAPORE (Dec 8): Noble Group Ltd., the embattled commodities trader, faces several significant deadlines as it wrestles with a US$3.5 billion debt restructuring.

China Focus

Millennials are helping Jack Ma’s financing firm become a debt giant

SHANGHAI (Oct 17): They’ve made billions of dollars helping sell everything from iPhones to hairdryers on China’s burgeoning online shopping platforms.

Commentary

When financial institutions are no longer built to serve

SINGAPORE (Oct 5): A gaping rift between Wall Street and Main Street remains even a decade on from the global financial crisis (GFC) as financial systems around the world continue to function witho

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