According to the final scheme of amalgamation, the entire equity paid-up capital of LVB shareholders will be written off and the shares will cease to trade and get de-listed from the exchanges with ... ( read original story ...)
IPO activity proves Southeast Asian markets robust despite crisis
Capital markets across Southeast Asia have remained resilient this year despite uncertainties from the global health crisis to the worsening US-China trade tensions and impact of the US presidential ... ( read original story ...)
UOB expands employee training programme to include data analytics, project management
These skills are most in demand in today's market, both within and beyond UOB.. Read more at straitstimes.com. ( read original story ...)
Southeast Asia IPO proceeds buck downtrend to hit US$6.4bil as of mid-Nov
KUALA LUMPUR: Total initial public offering (IPO) activity across Southeast Asia as of mid-November this year bucked the overall downward trend to inch up to pre-COVID-19 levels, with US$6.44 billion ... ( read original story ...)
Southeast Asia IPO activity marks bright spots for 2020 amidst a heightened market risk landscape
Thailand, Philippines and Malaysia saw a year-on-year increase in IPO funds raised in spite of the pandemicThailand to close 2020 as Southeast Asia's IPO star with total proceeds of US$3.9 billion ... ( read original story ...)
Singapore pushes digital banks in face of tightening security
Singapore’s financial regulator will stick with its plans to award digital banking licences by the end of the year, undeterred by tightening scrutiny in China and the United States that’s hitting ... ( read original story ...)
Lakshmi Vilas Bank To Become DBS Bank India From Friday, Withdrawal Cap Removed
The Union Cabinet approved merger of Lakshmi Vilas Bank with DBS Bank India and removed restrictions on withdrawal of deposits. ( read original story ...)
No cap on withdrawal after Lakshmi Vilas Bank’s merger with DBS Bank, says centre
With this, there will no further restrictions on the depositors regarding the withdrawal of their deposits,' Union minister Prakash Javadekar said ... ( read original story ...)
India approves merger of Lakshmi Vilas Bank to Singapore’s DBS
The Indian government has approved the merger of crisis-hit Lakshmi Vilas Bank into the Indian unit of Southeast Asia's largest lender DBS. ( read original story ...)
Lakshmi Vilas Bank merger with DBS Bank approved by Cabinet
In a major development for the beleaguered Lakshmi Vilas Bank (LVB), its merger with the Singapore-based DBS Bank has received an approval from the Cabinet. The issue came up for discussion before the ... ( read original story ...)
LVB to become DBS Bank India from Nov 27; ₹25,000 withdrawal restriction to go
Crisis-hit Lakshmi Vilas Bank (LVB) will merge into the Indian arm of Singapore-based DBS Bank on November 27, leading to removal of all restrictions, including withdrawal cap of ₹25,000, which the ... ( read original story ...)
Lakshmi Vilas Bank merger with DBS Bank: What it means for customers
On 17 November, the Reserve Bank of India had unveiled a draft scheme to amalgamate private sector lender Lakshmi Vilas Bank with DBS Bank India ... ( read original story ...)
A $30b telco shoots for the moon
Singtel might not have had a good 2020, but next year could be the launchpad for the telco giant’s stellar revival. Plus, an Indonesian fintech platform close ... ( read original story ...)
JD Health IPO helps cure Hong Kong market blues after Ant
JD Health has already locked in six cornerstone investors, including Singapore state investment ... but Chinese regulators halted the IPO shortly before trading was due to start. ( read original story ...)
JD Unit Seeks up to $3.5 Billion in Asia’s Biggest Health IPO
JD Health International Inc. is looking to raise as much as $3.5 billion in its Hong Kong initial public offering in what would be Asia’s biggest health-care listing on record. ( read original story ...)
Singapore Says They’ll Award Digital Banking Licenses By Year’s End
Singapore's financial regulator is sticking to the original plan to award digital banking licenses by the end of the year, according to a Bloomberg report, no matter how tight the scrutiny is in China ... ( read original story ...)