SINGAPORE – DBS Bank has signed cross-referral agreements with peer-to-peer (p2p) lending platforms Funding Societies and MoolahSense, it announced on Tuesday (April 19). DBS said it is the first Singapore bank to collaborate with such
Read moreMonth: May 2016
1MDB pays coupon for debt after missing two interest payments
KUALA LUMPUR (BLOOMBERG) – Malaysia’s troubled state investment company 1Malaysia Development Bhd paid the coupon on its Islamic debt after missing two payments on other securities earlier. 1MDB undertook the scheduled payment of 143.8 million ringgit
Read moreTimeshare Trustees we explain
An explanation of the role of timeshare trustees. When a consumer purchases timeshare, they purchase ‘occupancy rights’ in respect of certain holiday accommodation belonging to the developer. The nature of the ‘occupancy rights’ is defined
Read moreWe see the light. Crowdfunding the way of the future
What is CrowdFunding? This is the practice of funding a project or venture by raising monetary contributions from a large number of people, today often performed via internet-mediated registries, but the concept can also be
Read moreJapan ATM scam using fraudulent cards nets $12.7m
Cash worth 1.4bn yen ($13m; £8.8m) has been taken from cash machines in Japan using credit cards created with data stolen from a South African bank. The money was withdrawn in less than three hours
Read moreManny Pacquiao wins Senate seat, bringing him closer to presidency
Boxing great Manny Pacquiao has won a seat in the Philippine Senate based on an unofficial count and was set to be proclaimed on Thursday with other senatorial winners, bringing him closer to a possible
Read moreAir-con technician jailed 3 years with 4 strokes of the cane for house-breaking by night
SINGAPORE – A freelance air-con maintenance technician who was desperate to repay his debt to a loanshark broke into his friend’s office and spent about an hour cutting into a safe to steal $42,000 in
Read moreRoof collapses at Hong Kong’s City University sports hall
The roof of a sports hall at a university in Hong Kong collapsed on Friday, injuring three people. The top of the hall at City University caved in at around 14:30 local time (06:30 GMT)
Read moreLeicester City FC takes time out in Phuket Thailand
PHUKET: More than 70 players and staff from the English Premier League’s Leicester City Football Club touched down at Phuket Airport yesterday for a three-day stopover before traveling to Myanmar on Sunday. The team arrived
Read moreInventive email scam rises in Asia
Criminals target firms fool staff by pretending to be a senior executive seeking the urgent transfer of funds, report says The Asia-Pacific has seen a significant increase of scam emails in the past two years,
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