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Month: June 2024

Posted on 15/06/2024

Singapore’s influencers rub shoulders with Lawrence Wong, PAP members – is it a ‘sell-out’?

The influencers’ attendance at the PAP event has prompted questions on whether they should be transparent about their partnerships with the ruling party.

Posted on 15/06/2024

Man recovers $250k from scammers with help from police and Standard Chartered Bank

A person pretending to be a police officer claimed that the man was a victim of an identity fraud. Read more at straitstimes.com.

Posted on 15/06/2024

Man nearly loses S$250,000 to scammers impersonating bank staff, police officer

SINGAPORE: A man came close to losing S$250,000 (US$185,000) after falling prey to scammers posing as a bank staff member and a police officer. The 56-year-old first received a call from a scammer ...

Posted on 15/06/2024

Great Eastern independent directors advised to recommend OCBC US$1 billion offer

The independent directors of Singapore's Great Eastern have been advised to recommend that minority shareholders accept a S$1.4 billion ($1.03 billion) offer from the insurer's top investor Oversea-Ch ...

Posted on 15/06/2024

Crypto platform to pay US$4.5 billion in SEC deal

Singapore-based crypto platform Terraform Labs PTE Ltd. and its founder, Do Hyeong Kwon, have agreed to pay US$4.5 billion after a jury found that them liable for fraud involving crypto trading that ...

Posted on 15/06/2024

Bonds Are Beating Bitcoin as Doubts Gather Over Crypto Rebound

Bitcoin retreated after setting a record of $73,798 in March and rallies back toward the peak have repeatedly fizzled.

Posted on 15/06/2024

Best 10 Online Slots Singapore Casinos For Real Money Games

The landscape of online slots in Singapore is more exciting than ever. With so many casinos vying for your attention, how can you find the right platform? No worries — our expert reviews will help ...

Posted on 14/06/2024

Jail for man who cheated six victims of over $108k in ticketing and investment scams

David Chua also made off with $22,400 from customers of the travel agency he worked at in 2019. Read more at straitstimes.com.

Posted on 14/06/2024

OCBC’s offer to Great Eastern shareholders “not fair but reasonable”; shareholders should accept it: EY

OCBC’s offer to buy the remaining shares of Great Eastern from minority investors is “not fair but reasonable”, said independent financial adviser Ernst & Young Corporate Finance on June 14. Read more ...

Posted on 14/06/2024

OCBC’s final offer of $25.60 for GEH is ‘not fair but reasonable’ says EY; advises shareholders to accept

EY advises shareholders to accept the offer, or sell their shares if they can offer a higher price than the offer price.

Posted on 14/06/2024

Great Eastern Adviser Supports OCBC’s $1 Billion Takeover Bid

Great Eastern Holdings Ltd.’s independent financial adviser said it supports a S$1.4 billion ($1 billion) offer by Oversea-Chinese Banking Corp. to take full control of the Singapore-based insurer.

Posted on 14/06/2024

OCBC privatisation deal for Great Eastern is not fair but reasonable, says IFA

In response to the offer, the Securities Investors Association (Singapore) commended OCBC for its proactive response to feedback from minority shareholders of GEH. Meanwhile, former remisier Ong Chin ...

Posted on 14/06/2024

Income Insurance and Allianz hold ‘transaction’ talks, latest possible Singapore insurance M&A

This news follows OCBC’s $1.4 bil offer to fully acquire Great Eastern, and Sumitomo’s acquisition of Singlife.

Posted on 14/06/2024

Singapore’s Great Eastern asks shareholders to accept OCBC’s $1 bln offer

June 14 (Reuters) - Singapore's Great Eastern Holdings on Friday asked its shareholders to accept a S$1.4 billion ($1.03 billion) offer from Oversea-Chinese Banking Corp to buy the remaining stake in ...

Posted on 14/06/2024

Singapore’s Income Insurance in talks with Allianz on potential deal, no details

Singapore's Income Insurance Ltd said on Friday it is in talks with Allianz about a possible tie-up, saying only that any potential deal related to its shares. The statement suggests Allianz could ...

Posted on 14/06/2024

Bars, restaurants in Singapore gear up for Euro 2024 crowds

SINGAPORE: Football fever is set to hit Singapore this weekend as Euro 2024 kicks off in Germany, with food and beverage (F&B) outlets gearing up for the crowds during the month-long tournament from ...

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