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Owners of the 76 units at Automobile Megamart, the largest used-car hub in Singapore, are faced with a SGD68 million (US$53 million) bill, due by May 15, to extend the complex’s lease until 2040. However, unanimous agreement between all owners is required,…
DBS has doubled its used-car loan market share, space traditionally dominated by lenders like Hong Leong Finance and Maybank. It hopes to grab 80 percent of used-car loans taking place online by 2021. The bank’s decision to focus on the used-car segment came…
In a bid to make its cars more attainable, Honda Cars India has tied up with TranzLease to offer ‘Smart EMI’ auto finance solutions to its customers. The company will be leasing its cars via TranzLease and offer customized EMI packages that not only include…
UBS will move to 9 Penang Road, where the firm will take up all eight floors of office space at the redeveloped Park Mall building. UBS Singapore has signed a lease to take up all the office space of the redeveloped Park Mall building at 9 Penang Road,…
Hertz International has appointed Tracy Gehlan as chief operations officer. Reporting to group president Michel Taride, Gehlan is based at the car rental company’s International headquarters near London. In this newly created position Gehlan has assumed…
Mitsubishi UFJ Lease & Finance Company Limited (MUL) has announced its subsidiary in Indonesia, MULI, has opened a branch in Bandung, in a bid to capture new business as the country’s economy improves. The Bandung Branch is MULI’s second branch in Indonesia…
