MOVES-DBS Bank names new chief economist

Oct 6 (Reuters) - Singapore-based DBS Bank, a unit of DBS Group Holdings Ltd, named Taimur Baig as chief economist and managing director for group research, replacing David Carbon, who is retiring. Baig will report to Timothy Wong, managing director and ... ( read original story ...)

Singapore Airlines plans cost cuts to offset competition

SINGAPORE: Singapore Airlines Ltd is pursuing more than 50 cost-cutting initiatives including reducing fuel burn and reviewing its relationship with key suppliers as part of a three-year plan to make the airline more competitive, a newsletter to staff ... ( read original story ...)

Standard Chartered $1.4bn Guernsey transfer investigated

A $1.4bn (£1.1bn) money transfer between the Guernsey and Singapore offices of Standard Chartered is under investigation by financial regulators. The assets were moved in 2015, before the Channel Island adopted new rules on exchanging tax information with ... ( read original story ...)

Godrej Agrovet IPO subscribed 97 times on last day

The Rs1,157 crore IPO comprised a fresh issue of shares worth Rs291.5 crore ... which at the upper end of the price band will fetch the Singapore state-owned investor about Rs565.8 crore. Temasek invested Rs572 crore in 2012. Post share sale, Temasek ... ( read original story ...)

Godrej Agrovet $178 million IPO subscribed over 95 times

Godrej Agrovet was selling new shares worth 2.92 billion rupees in the IPO. Its main shareholder Godrej Industries was selling secondary shares of 3 billion rupees, and a unit of Singapore’s Temasek Holdings offered 12.3 million shares. Anchor investors ... ( read original story ...)

Godrej Agrovet IPO subscribed over 95 times on last day

Government of Singapore, among others, at Rs 460 apiece. Godrej Industries owns 60.81 per cent stake in Godrej Agrovet and intends to use the IPO proceeds towards loan repayments and other general purposes. The company is the largest palm oil producer in ... ( read original story ...)