Articles by Yantoultra Ngui

Singapore’s bolttech, Valued at $2.1 Billion, Raises More Than $100 Million

Singapore-headquartered insurance technology firm bolttech has raised more than $100 million in its latest funding round, led by Dragon Fund of Mitsubishi UFJ Financial Group and fintech direct lender Liquidity Group, it said on Friday. The Series C funding round …

Allianz Withdraws $1.63B Offer for Singapore’s Income Insurance

German insurer Allianz has withdrawn its offer to acquire at least 51% of Singapore’s Income Insurance for about $1.63 billion, the company said in a statement on Monday. Reuters reported on Dec. 13 that the insurer had scrapped the proposed …

Tokio Marine Pauses Sale of $1B Southeast Asia Life Insurance Business, Sources Say

Japanese insurer Tokio Marine has paused the sale of its $1 billion Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring products distribution agreement, four sources with knowledge of the matter said. …

Singapore Highlights Banks as Posing Highest Money Laundering Risk

Singapore’s banking sector, including wealth management, poses the highest money laundering risk in the city-state, the government said in a money laundering risk assessment report published on Thursday. Banks had higher exposure to money laundering threats and could be more …

Typhoon Rai Leaves Trail of Destruction in Southeast Asia, Killing More Than 200

Severe weather disruptions hit Malaysia and the Philippines, leaving a trail of destruction among nations most prone to natural disasters. Typhoon Rai, a super typhoon before slamming into the Philippines on Thursday, left 208 dead along its path. More than …