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Month: July 2024

Posted on 26/07/2024

Tohokushinsha, Japanese Coproducer of ‘Lost in Translation,’ Receives $575 Million Takeover Bid From Singapore Investor

Singapore-based finance firm 3D Investment Partners said Thursday that it is seeking to take private Tohokushinsha, the Japanese film and TV distribution firm. Its bid values Tohokushinsha at $575 ...

Posted on 26/07/2024

Grab Buys Singapore’s Chope to Add Dining Reservation Service

Ride-hailing and delivery provider Grab Holdings Ltd. acquired Singapore restaurant reservation app Chope for an undisclosed sum, expanding its services as competition over users intensifies.Most Read ...

Posted on 26/07/2024

Geopolitics, high rates stifle Asia IPO ambitions

Asia witnessed a prolonged slowdown in H1 2024, according to the EY Global IPO Trends Q2 2024 report, with a mere 216 IPOs listed and US$10.4 billion raised. This jaded performance represents a ...

Posted on 26/07/2024

Grab abandons Trans-Cab acquisition amid antitrust concerns: What it means for Singapore’s ride-hailing market

Grab cancels acquisition of Trans-Cab after Singapore's competition watchdog raises concerns over reduced market competition.

Posted on 26/07/2024

12 pet stores in Singapore to make your teacher’s pet look bad

A household name in Singapore today, Pet Lovers Centre has been and continues to be the number one choice of pet owners since it opened in 1973. The pet store in Singapore sells a variety of pets. The ...

Posted on 25/07/2024

Singapore central bank proposes simplified leverage provisions for REITs

All Singapore REITs will be subject to a minimum interest coverage ratio (ICR) threshold of 1.5 times and an aggregate leverage limit of 50%, under the proposal brought forth by the Monetary Authority ...

Posted on 25/07/2024

Bank Commonwealth Indonesia to cut 1,146 jobs after OCBC acquisition

JAKARTA] Indonesia’s PT Bank Commonwealth (PTBC) is set to lay off 1,146 employees following its acquisition by Singapore’s OCBC, two months after the 2.2 trillion rupiah (S$182 million) deal was ...

Posted on 25/07/2024

Nvidia’s Singapore-based partner SMC to raise $950M to tap AI server growth- report

Singapore-based data center company Sustainable Metal Cloud, or SMC, is raising about $950M in a funding round, aiming to tap the global AI boom to boost its growth. SMC, an affiliate of Australian ...

Posted on 25/07/2024

Grab no longer buying Trans-cab, Singapore watchdog says

Grab , Southeast Asia's biggest ride-hailing and food delivery firm, has called off its proposed acquisition of Singapore's third-largest taxi operator, Trans-cab, according to a statement from ...

Posted on 25/07/2024

Tohokushinsha, Japanese Co-Producer of ‘Lost in Translation,’ Receives $575 Million Takeover Bid From Singapore Investor

Tohokushinsha, the Japanese coproducer of Sofia Coppola's ‘Lost in Translation,’ receives a $575 million takeover bid from a Singapore investor.

Posted on 25/07/2024

HSBC, SBF set to help Singapore businesses expand in India and other regions

SINGAPORE: HSBC and the Singapore Business Federation (SBF) have formalized a strategic collaboration through a... The post HSBC, SBF set to help Singapore businesses expand in India and other regions ...

Posted on 25/07/2024

Ex-DBS and UOB techie now heads Writers Festival

Feeling lonely among American students “who wore cowboy hats” and “talked about their fathers owning oil rigs”, he started to write poetry to cope with his homesickness, isolation and yearning for ...

Posted on 25/07/2024

Singapore stocks open lower on Thursday—STI fell by 0.6%

Genting Singapore also declined, down 1.2% or S$0.01 to S$0.84. Banking stocks also saw declines. DBS edged down 0.1%, dropping S$0.05 to S$36.69. OCBC retreated by 1%, down S$0.15 to S$14.96, while ...

Posted on 25/07/2024

Singapore stocks track regional declines on Thursday; STI down 0.9%

SINGAPORE shares ended lower on Thursday (Jul 25), tracking ... DBS fell 0.5 per cent or S$0.20 to S$36.54, OCBC lost 1.5 per cent or S$0.22 to S$14.89, and UOB was down 1.2 per cent or S$0.38 to S$32 ...

Posted on 25/07/2024

SEMICON Southeast Asia 2025 To Be Held In Singapore After Successful Malaysian Exhibition

Following a successful exhibition in Malaysia this year, SEMICON 2025 is set to be hosted in Singapore ...

Posted on 25/07/2024

Investors Turn Long on Singapore Dollar After 7 Months; Bearish Bets on Asian FX Ease – Reuters Poll

Investors turned bullish on the Singapore dollar for the first time since mid-December as the city-state's growth and inflation dynamics continue to support the local unit, while bearish bets on most ...

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