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Month: July 2024

Posted on 22/07/2024

U Mobile plans over US$500mil Malaysia IPO in 2025, sources say

SINGAPORE: Malaysian mobile data service company U Mobile is planning a domestic initial public offering (IPO) that is expected to raise more than $500 million as early as the first half of 2025, ...

Posted on 22/07/2024

Singapore commits $74.3M for quantum and AI in finance

Source: The Monetary Authority of Singapore Singapore’s pursuit to become a fintech hub MAS introduced the Financial Sector Technology and Innovation Scheme (FSTI 3.0) in 2022 to strengthen ...

Posted on 22/07/2024

1,000 tonnes of rice, 300 tonnes of sardines: Singapore sends aid to Gaza to alleviate hunger crisis

Singapore is sending 1,000 tonnes of white rice and 300 tonnes of canned sardines to alleviate the hunger crisis in Gaza. This will be Singapore's fourth tranche of air to the region, said the ...

Posted on 22/07/2024

Singapore stocks end lower on news of Biden’s exit from US polls; STI down 0.3%

SINGAPORE stocks ended lower on Monday (Jul 22), after US president Joe Biden announced overnight that he would be ending his reelection campaign, and endorsed his vice-president Kamala Harris for the ...

Posted on 22/07/2024

Tesla’s Elon Musk praises Singapore’s ‘brilliant’ first PM Lee Kuan Yew for Changi Airport

Elon Musk shared a blog lauding Lee Kuan Yew’s foresight in developing Changi Airport, which has been named the world’s best airport 12 times by London-based research firm Skytrax.

Posted on 22/07/2024

U Mobile eyes RM2.3b IPO in 2025, set to be Malaysia’s largest in nearly eight years

Malaysian mobile data service company U Mobile is planning a domestic initial public offering (IPO) that is expected to raise more than US$500 million ...

Posted on 22/07/2024

Singapore’s Financial Cybercrime Problem Is Fixable

Singapore's financial services industry was the leading target of phishing attacks in 2022 according to the Cyber Security Agency (CSA) in Singapore, with more than 80% of reported phishing sites ...

Posted on 22/07/2024

Bitcoin Briefly Tops $68K as Biden Dropout Riles Up Crypto Bulls

“Biden’s withdrawal has opened up a possibility where, regardless of who sits in the White House, the U.S. government embrace a more constructive stance towards the digital asset industry after ...

Posted on 22/07/2024

Ten Years Of Tiger: A Founder’s Vision For Investing, And The Decade To Come

Currently, Singapore clients represent the largest share of our ... and the number of trading clients grew nearly threefold. There are variations in investor behaviour and preferences in different ...

Posted on 22/07/2024

OCBC launches regional programme for children of HNW customers

An estimated US$2.5 trillion in intergenerational wealth is expected to be passed on to the next generation in Asia by 2030.

Posted on 22/07/2024

Singapore stocks opened muted on Monday—STI dipped slightly by 0.02%

SINGAPORE: Singapore stocks opened muted on Monday after a turbulent week in the US and... The post Singapore stocks opened muted on Monday—STI dipped slightly by 0.02% appeared first on The Independe ...

Posted on 22/07/2024

Daily Cuts – How Singapore’s schools are changing curricula to keep up with rapid tech growth

These days, it’s no longer enough to just have a general tech degree. Some Institutes of Higher Learning (IHLs) in Singapore are revising their IT and digital modules for their undergraduates. Andrea ...

Posted on 22/07/2024

Crypto traders bullish as Joe Biden bows out of US presidential race

The largest digital asset recovered from earlier losses to hover around $68,300 as of 8:42 a.m. in Singapore on Monday as markets reacted to the possibility of a match-up between pro-crypto Donald ...

Posted on 22/07/2024

Singapore dollar has reasons to win Asia’s best-performing currency crown again

Analysts say sticky price pressures will prompt MAS to maintain its appreciating exchange rate. Read more at straitstimes.com.

Posted on 22/07/2024

Singapore’s Golden Energy secures $1.1 billion to buy Australian coking coal assets: Sources

Company was delisted from SGX last year after successful $2.23 billion offer by majority owner Indonesia’s Widjaja family. Read more at straitstimes.com.

Posted on 22/07/2024

Singapore consortium secures $850m for South32’s Australian coking coal

A consortium led by Singapore’s Golden Energy and Resources has secured $850 million to buy South32’s Australian coking coal assets, two sources told Reuters, as private credit continues to fill a ...

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