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Month: May 2023

Posted on 09/05/2023

Olam Agri’s Singapore-Saudi $1 billion dual listing may launch as early as June – sources

Agri-food giant Olam Group aims to launch in June the dual initial public offering (IPO) of its agricultural unit that could raise up to $1 billion in Singapore and Saudi Arabia, two sources with ...

Posted on 09/05/2023

Condom Maker Surges 23% in Mumbai Debut After a $529 Million IPO

Mankind Pharma Ltd. rallied 32% on its first day of trading in Mumbai after raising 43.3 billion rupees ($529 million) in one of India’s largest initial public offerings of the year.

Posted on 09/05/2023

MAS details information-sharing platform among banks to combat financial crime

A bill proposing amendments to the Financial Services and Markets Act was read for a second time in Parliament on May 9.

Posted on 09/05/2023

Best Fixed Deposit Rates in Singapore 2023—DBS, UOB, HSBC & More

Here are the best fixed deposit rates in Singapore 2023 for a 3-month commitment period. Minimum deposits start as low as just $500 for an interest rate of 3.65% p.a.! ICBC (3.65% p.a.—$500 for 3 ...

Posted on 09/05/2023

MAS to build new information-sharing platform for banks in Singapore to combat financial crimes

Parliament passed a Bill paving the way for the launch of a digital platform for financial institutions in Singapore to share information on suspicious customers or transactions.

Posted on 09/05/2023

Singapore to allow banks share client data to fight crime

Singapore banks will be able to share information on potentially risky clients next year, a move aimed at curbing illicit flows amid the city-state’s rise as a key financial and wealth hub.

Posted on 09/05/2023

Singapore’s DBS considers plans to expand presence in Dubai

Singapore’s DBS Bank, one of the biggest lenders in Asia, plans to boost its presence in Dubai and use the emirate as a hub to better access other markets and source business in the broader Middle ...

Posted on 09/05/2023

You Can Now Pay for Stuff in Singapore Using WhatsApp

Businesses that would like to accept payments via WhatsApp will do so via the WhatsApp Business Platform, and the platform has already onboarded businesses such as Tye Tye, Baker's 13, and Love Handle ...

Posted on 09/05/2023

How Singapore’s giant sovereign wealth fund is investing in generative AI technology

GIC manages hundreds of billions of dollars in assets. It's invested in tech for decades and is unfazed by last year's tech stock rout.

Posted on 09/05/2023

Blackstone’s Nexus Select Trust IPO:Non Institutional Investors show interest so far; check details

The issue that opened for subscription on Tuesday, May 9, and closes on Thursday, May 11. For the proposed IPO, the company has set the price range at ₹95 to ₹100 per equity share.

Posted on 09/05/2023

Standard Chartered expands its partnership with Tazapay

IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride ...

Posted on 09/05/2023

Tenity Launches XRPL Accelerator in Singapore for Early-Stage Blockchain, Crypto Startups

Tenity announced that it has become a programme partner of the XRPL Accelerator in Asia Pacific with the launch of a Singapore-based cohort.

Posted on 09/05/2023

WhatsApp now allows Singapore-based users to pay businesses within the app

After India and Brazil, WhatsApp is launching the ability to pay businesses within a chat in Singapore. Meta has partnered with Stripe to roll out the feature in the region. WhatsApp has built this ...

Posted on 09/05/2023

Singapore pitches new law to slow spread of cybercrime

The Singapore government is looking to pass new legislation that will allow it to issue directives to combat the "scale and speed" of cyber-criminal activity, including blocking access to suspected ...

Posted on 09/05/2023

Singapore HDB to streamline income and subsidy eligibility assessment for flat buyers

The HDB will be streamlining the income assessment period and the assessment of household eligibility for housing subsidies. Find out more.

Posted on 09/05/2023

Singapore’s daily COVID-19 cases drop to 3,000 as wave passes peak: Ong Ye Kung

COVID-19 wave in Singapore passes peak with daily cases dropping to 3,000. Health Minister Ong Ye Kung provides update on the situation.

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