Lakshmi Vilas Bank is set to be folded into the Indian unit of Singapore's DBS under a plan proposed by the Reserve Bank of India (RBI), which took over LVB on Tuesday due to a "serious deterioration" ... ( read original story ...)
UOB Optimism Index: Singapore’s Millennials the most optimistic on Covid-19 Recovery
As people manage with the financial, social and health implications of Covid-19, Millennials have emerged as the most optimistic age group in Singapore when it comes to overcoming current challenges, ... ( read original story ...)
DataRobot raises $270M at a $2.7B valuation, eyes possible IPO
DataRobot, the Boston-based enterprise AI company that hit unicorn status last September after a $207 million Series E round, has brought in another massive fundraise: $270 million in what the startup ... ( read original story ...)
UPDATE 1-India to fold Lakshmi Vilas into local arm of Singapore’s DBS
The Reserve Bank of India on Tuesday proposed folding Lakshmi Vilas Bank into the local unit of Singapore's DBS, shortly after taking control of the Indian lender due to a "serious deterioration" in ... ( read original story ...)
Singapore’s commercial market touted APAC’s worst performer in Q3: study
Deal value was 86% lower than last year. Sales activity for commercial real estate in Singapore contracted the fastest across all major APAC markets in Q3, with the number of deals plunging 74% YoY ... ( read original story ...)
DBS Bank to roll out voluntary job-sharing scheme where 2 employees share one full-time role
SINGAPORE - South-east Asia's largest bank, DBS, will introduce a formal job-sharing scheme to support employees who need more flexible work arrangements, among other initiatives aimed at transforming ... ( read original story ...)
DBS to allow employees to work remotely for up to 40% of time
The company’s Future of Work task force found that more than four in five of its 29,000 staff were able to work seamlessly remotely.The bank will also introduce a formal job-sharing scheme to give gre ... ( read original story ...)
Singapore is closely monitoring global coronavirus vaccine developments, minister says
We are talking to different companies to build a diversified portfolio of safe and effective coronavirus vaccines for Singaporeans, says Lawrence Wong, second minister for finance and co-chair of the ... ( read original story ...)
Singapore to pilot common data platform in bid to plug supply chain gaps
With COVID-19 highlighting the need for robust supply chains, Singapore believes a common data infrastructure is essential in resolving critical painpoints and linking key stakeholders including ... ( read original story ...)
Singapore minister says ‘a long way to go’ before vaccine distribution, other precautions useful
A coronavirus vaccine won't be the silver bullet to end the pandemic, Singaporean minister Lawrence Wong said despite "promising" news from pharmaceutical firms. Beyond a vaccine, testing and ... ( read original story ...)
New Silkroutes appoints new finance director, CEO as executive director
The appointments come after the resignations of chairman Goh Jin Hian and finance director William Teo.. Read more at straitstimes.com. ( read original story ...)
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst’s Case for $300K BTC.
MIT researchers resoundingly reject blockchain-based voting. A Citibank MD thinks bitcoin could break out. And another DeFi protocol was hit with a flash loan attack. ( read original story ...)
Reit mergers bring scale and headaches to Singapore
Real estate investment trusts are the mainstay of Singapore listings, a rare example of liquidity and foreign interest in an otherwise dull local bourse. Two contrasting mergers tell intriguing ... ( read original story ...)
Singapore Minister Cites Underlying Workforce Issues: NEF Update
The four-day Bloomberg New Economy Forum kicked off on Monday morning with business and political leaders taking on issues from the economic fallout of the coronavirus pandemic to the future of global ... ( read original story ...)
Singapore’s Hyflux put under court-appointed management
SINGAPORE -- Hyflux will be placed under a court-appointed judicial manager, Singapore's high court ruled on Monday, a step forward for the water treatment company that has not been able to conclude ... ( read original story ...)
Garrison Appoints former Standard Chartered Group CISO, Cheri McGuire, as Advisor
London based cybersecurity company Garrison has today announced the appointment of cybersecurity executive and former Group Chief Information Security Officer (CISO) of Standard Chartered, Cheri ... ( read original story ...)