Ping An Real Estate-backed Sasseur REIT has driven Singapore’s biggest equity offering this year by raising S$396.0 million ($301.7 million) via a public listing on the Singapore Exchange. Chinese e-commerce giant JD.com is among the REIT’s cornerstone ... ( read original story ...)
ayondo Celebrates First FinTech Company to List in Singapore
ayondo, a Global Financial Technology group, today celebrated its first day trading of its shares on the Catalist board of the Singapore Exchange Securities ... The market capitalization of ayondo at IPO is about S$130.7 million. ( read original story ...)
Sasseur REIT launches IPO for $396m
This currently the biggest IPO listing in the Singapore Exchange so far this year, Thomson Reuters data revealed. The REIT said 12 cornerstone investors committed to subscribe for approximately 46.1% of the gross proceeds. Some of the investors comprise JD ... ( read original story ...)
Sasseur REIT IPO – 5 key things you need to know before you invest
Singapore’s REIT market will soon welcome a new member ... If you’re interested, you can download and read the prospectus here (all 728 pages of it!). Sasseur REIT IPO prospectus. You only have a couple more days to consume it though, before ... ( read original story ...)
Breakingviews- Uber races towards IPO with Southeast Asian deal
SINGAPORE (Reuters Breakingviews) - Uber is revving up for an initial public offering by exiting another cut-throat market. On Monday, the U.S. ride-hailing giant said it would hand its Southeast Asian arm to Grab, a $6 billion local rival, and take 27.5 ... ( read original story ...)
DBS brings back Hack2Hire, aiming to recruit 100 techies
SINGAPORE - DBS is bringing back Hack2Hire, with the aim of recruiting up to 100 of the "brightest tech sparks" - double the number of hires its hackathon programme produced last year. The bank said that given the success of Hack2Hire recruits from 2017 ... ( read original story ...)
Singapore central bank expected to tighten monetary policy in April
SINGAPORE: Singapore’s central bank is expected to tighten monetary policy in April for the first time in six years, with economic growth solid and the labour market showing signs of improvement, a Reuters poll of economists found. Nine of 15 analysts ... ( read original story ...)
EAP seals deal to sell key assets to Singapore firm
A deal has been sealed to sell some of the key EAP Group assets to a Singapore-based investment holding company, with Sri Lanka’s Central Bank giving the green light to proceed with the deal, Mirror Business learns. The assets that will be sold under the ... ( read original story ...)
Foreign demand returning to Singapore property
Aerial view of luxury properties in Keppel Bay. The surprisingly strong sales momentum witnessed at the recent launch of New Futura, in which foreigners accounted for close to 60 percent of the 48 units sold, indicates that foreign demand is returning to ... ( read original story ...)
DBS Indonesia joins ATM PRIMA Network to expand outreach
Bank DBS Indonesia, a subsidiary of Singapore's DBS Bank, has announced its collaboration with PT Rintis Sejahtera, the satellite communications company that owns the ATM PRIMA Network e-payment service, in a bid to expand its business and improve its ... ( read original story ...)
Nordea Bank navigates the highly regulated markets, the do’s, don’ts in Asia
Nordea Bank’s General Managers in China and Singapore talk to ScandAsia about how they navigate the many regulatory challenges and the importance of being on top of things to serve their customers well in a diverse region. Singapore-based Mr Corrado ... ( read original story ...)
Singapore shares open lower on Monday; STI down 0.6%
or two Singapore cents to S$1.08 with 3.7 million shares traded. Other active index stocks included DBS which was down 1.6 per cent to S$26.95; and OCBC Bank which fell 0.9 per cent to S$12.76. Topics: ( read original story ...)
Discover the analysis on Singapore credit card market share to 2021
Apart from these, Business Platinum Credit card by Standard Chartered Bank, UOB Platinum business card and Citibank ... are anticipated to propel the payment cards market of Singapore in the following years. ( read original story ...)
Will rising Development Charge affect property prices?
Development Charge (DC) in Singapore has been going up in several areas. The latest hike occurred February this year. This isn’t usually the sort of thing average Singaporeans pay attention to since it’s the property developers who pay such fees. ( read original story ...)
Singapore lords over world’s most expensive cities
A private car could set a buyer back by SGD70,000 (USD53,000) in Singapore. Prices of high-end property in the city could double by 2025, “assuming the government intervention won’t be too drastic,” according to Alex Schlaen, CEO of Panache ... ( read original story ...)
Why foreign home buyers prefer Singapore over prime cities’ property markets
Homes purchased by non-Singaporeans rose 63% in 2017, thanks to market recovery. Even if the New Futura (48 units sold out of 64 units) is the only major project launched so far in 2018, sales momentum has been surprisingly strong for the luxury ... ( read original story ...)