Bizview: Today's top business news

A trial to use a drone to deliver mail has been completed by SingPost and the the Infocomm Development Authority of Singapore.
A trial to use a drone to deliver mail has been completed by SingPost and the the Infocomm Development Authority of Singapore.PHOTO: SINGPOST

ABS releases guidelines for responsible lending

The Association of Banks in Singapore (ABS) have released a set of guidelines to ensure responsible lending by banks to companies with higher risks of malpractices.

SingPost declares success in first trial to deliver mail by drone, opening up vast market

A trial said to be a world-first to use a drone to deliver mail has been completed by SingPost and the the Infocomm Development Authority of Singapore (IDA). In a statement to the Singapore Exchange, SingPost said a letter and a T-shirt in a parcel were transported by drone from Lorong Halus to Pulau Ubin - a distance of about 2km, and taking about five minutes.

ZenithOptimedia launches analytics and technology hub in Singapore

Media services firm ZenithOptimedia has announced plans to set up its first regional analytics and technology hub for Asia in Singapore. The hub will develop solutions for emerging types of data and technology.

CapitaLand serviced residence arm Ascott adds hundreds of units in Cebu and Pattaya

CapitaLand's wholly-owned serviced residence business unit, The Ascott, has made its first foray into the popular destinations of Cebu in the Philippines and Pattaya in Thailand. It has secured five new contracts to manage 875 apartment units in these locations.

Senior trader at Singapore-listed Noble Group set to leave: Sources

Noble Group's chief aluminum trader in Europe Erik Gundersen will leave the Asian commodities merchant, three sources familiar with the matter said, as the shake-up of its loss-making metals and mining division widens.

Deutsche Bank expects third-quarter loss of S$9.8 billion after major write-downs

Deutsche Bank AG expects to report a third- quarter net loss of 6.2 billion euros (S$9.8 billion) and may eliminate its dividend for the year after writing down the value of its two biggest divisions and boosting its reserve for legal costs.

Volkswagen's US chief apologises to Congress for emissions scandal

The head of Volkswagen's US division has apologised to Congress and said the company takes "full responsibility" for an emissions cheating scandal, according to testimony released on Wednesday (Oct 7).