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Month: October 2024

Posted on 16/10/2024

Singapore firm accused of deforestation through ‘shadow’ firms linked to Indonesia’s controversial food estate project

Palm oil company First Resources has denied that it has secured sugarcane concessions in Papua through its subsidiaries, which would jeopardise a no-deforestation pledge the company made almost ...

Posted on 16/10/2024

From potato skins to kopi cups: Innovative students tackle food and packaging waste in Singapore

Selected as one of the five winning pitches in the second edition of the DBS Foundation X NEA Hungry for Change Challenge, their solution is slated for a pilot phase at Koufu Fusionopolis. Read more ...

Posted on 16/10/2024

Neil Parekh Nimil Rajnikant on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill

Two Bills being debated in Parliament on Tuesday (Oct 15) “present significant opportunities” for Singapore, said NMP Neil Parekh Nimil Rajnikant. He said the Income Tax (Amendment) Bill incentivises ...

Posted on 16/10/2024

Mark Lee on Income Tax (Amendment) Bill and Multinational Enterprise (Minimum Tax) Bill

As Parliament debated a Bill to enforce a global 15 per cent minimum effective tax rate for large multinational enterprises (MNEs) in Singapore, NMP Mark Lee said many jurisdictions are implementing ...

Posted on 16/10/2024

Enterprise Singapore partners with African Export-Import Bank to catalyse financing for Singaporean companies expanding to Africa

Enterprise Singapore partners with African Export-Import Bank to catalyse financing for Singaporean companies expanding to Africa ...

Posted on 16/10/2024

Food Innovators’ IPO fully subscribed, public offer 6.3 times subscribed

In total, the private placement and public tranches have a subscription rate of 1.4 times. Read more at straitstimes.com.

Posted on 16/10/2024

GIC and BlackRock snap up Hyundai India shares in record $4.3 billion IPO

Singapore sovereign wealth fund GIC and US asset management giant BlackRock together picked up stakes worth a total of US$77.3 million, while American financial major Fidelity bought shares worth ...

Posted on 16/10/2024

Singapore’s OCBC Group CEO Helen Wong ranked as 2nd most powerful woman in Asia for 2024

She took 2nd place on this year’s Fortune Most Powerful Women Asia list, which ranks women business leaders across the Asia Pacific region ...

Posted on 16/10/2024

BLEED Esports Reportedly Abandons MLBB Players in Singapore

BLEED Esports has allegedly left two of its PH MLBB players stranded in Singapore following the end of the MPL SG Season 8.

Posted on 16/10/2024

Singapore fintech funding down 10% to $208m in Q3

The drop is in line with overall tech startup funding in Singapore. Singapore’s financial technology (fintech) companies raised a total of $208m for funding in Q3 2024, 10% lower than in the same ...

Posted on 16/10/2024

Lee Hsien Yang, son of Singapore’s founding PM, plans to demolish Oxley Road home

The youngest child of Singapore's founding Prime Minister Lee Kuan Yew said on Tuesday he would apply to demolish the statesman's home in line with his wishes, following the death of Lee's daughter last week.

Posted on 16/10/2024

Two men linked to Singapore-based Chinese cybercrime ring first to plead guilty

The two Malaysian businessmen conspired to buy the personal data of more than 9,000 people from a Chinese national who claimed to have the data of over 1 million Thais.

Posted on 15/10/2024

India’s biggest IPO off to a slow start, subscribed 0.18x on Day 1

Hyundai IPO India IPO automotive sector Hyundai Motors subscription trends retail investors anchor investors Government of Singapore ...

Posted on 15/10/2024

Hyundai IPO a test of investor confidence in India’s ambition to be manufacturing powerhouse

The IPO proceedings could help Hyundai narrow market gaps in India, expand its facilities to serve global markets, analysts say.

Posted on 15/10/2024

Hyundai India IPO subscribed 18% on Day 1, retail portion booked 26%

Hyundai Motor India's Rs 27,870-crore initial public offering (IPO) saw a steady response on first day of subscription with 18 percent of the overall offer getting subscribed.

Posted on 15/10/2024

Hyundai Motor IPO opens: 0.16 pc of retail portion subscribed till noon

The Rs 27,870 crore initial share sale received bids for 89,92,522 shares against 9,97,69,810 shares on offer, as per NSE data till 11:39 hours.

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