Vistas Media Acquisition Company (VMAC) announced it has commenced trading of an initial public offering (IPO) of USD 100 million on The Nasdaq Stock Market on Fri 7. ( read original story ...)
Banks say they keep strong local core in workforce
Banks in Singapore said they keep a strong local core in the workforce, while growing the pipeline of local talent.. Read more at straitstimes.com. ( read original story ...)
Standard Chartered Bank goes multicloud, with Azure as its preferred partner
Standard Chartered Bank plans to become a cloud-first business, adopting a multicloud strategy - but with Microsoft Azure at the top of the list. The two companies entered into a three-year strategic ... ( read original story ...)
Coronavirus live updates: Singapore reports lowest daily new cases in months
The coronavirus has infected more than 20.3 million people around the world as of Wednesday, killing at least 742,000 people. ( read original story ...)
DBS to pilot SingPass facial verification technology for signing up of banking services
DBS/POSB customers who are keen to sign up for ... DBS also noted that there had been a rise in digital banking in Singapore amid the COVID-19 pandemic. “Amid one of the greatest disruptions ... ( read original story ...)
Airbnb close to filing for IPO after travel rebound
Airbnb Inc plans to file paperwork for a stock market listing in the next few weeks paving the way for its shares to start trading as soon as the fourth quarter, according to people familiar with the ... ( read original story ...)
China’s Ucommune Changes Course On Planned US IPO
Ucommune, a Chinese rival of co-working space operator WeWork, scrapped a planned U.S. IPO via a document filed with the U.S. Securities and Exchange Commission. ( read original story ...)
Standard Chartered Bank partners with Microsoft to become a cloud-first bank
Standard Chartered Bank and Microsoft Corp. on Tuesday announced a three-year strategic partnership to accelerate the bank's digital transformation through a cloud-first strategy. This partnership ... ( read original story ...)
EMERGING MARKETS-Thai, South Korean stocks hold to growth hopes, Singapore slips
Thailand and South Korea led gains for most of Asia's emerging currency and stock markets on Tuesday, bolstered by recent signs of an improving economic landscape in China and further heavy inflows of ... ( read original story ...)
Pandemic shrinks foreign exchange trading in major hubs but Singapore, Tokyo grab market share at Hong Kong’s expense
Coronavirus pandemic has chilled global financial markets by shrinking volume of currency trading. Tokyo and Singapore are early winners as Hong Kong slips. ( read original story ...)
Lendlease Global Reit Q4 DPU misses IPO forecast on circuit breaker, rental reliefs
Lendlease Global Commercial Reit (Lendlease Global Reit) on Tuesday (Aug 110 posted a distribution per unit (DPU) of 0.48 cent for its fourth quarter ended June 30, 62.7 per cent lower than the ... ( read original story ...)
Singapore’s trade finance startup Incomlend raises $20M led by Sequoia Capital India
Incomlend, a Singapore-headquartered startup that operates a trading platform to connect exporters and importers with investors, has raised $20 million in a new financing round, it said on Tuesday. ( read original story ...)
Singapore’s economic contraction in the second quarter was worse than initial estimates
The Ministry of Trade and Industry revised its full-year forecast for Singapore to register an economic contraction of between 5% and 7% in 2020. Previously, it had expected the country's GDP to fall ... ( read original story ...)
Singapore’s recession worse than first thought as virus slams Asia’s exporters
Singapore's recession was deeper than first estimated in the second quarter as the coronavirus pandemic dealt a major blow to Asia's trade-reliant economies. "There continues to be significant ... ( read original story ...)
Singapore second-quarter recession deeper than initial estimates
Singapore's recession was deeper than first thought in the second quarter due to coronavirus lockdown measures, and the government said the trade-reliant economy's path to recovery remained uncertain ... ( read original story ...)
How Singapore Nurtured Foreign Tech Trio Who Became Billionaires
David Chen left his native China as a teenager to attend school in Singapore. Little did he know that his adopted city would help him reach the ranks of the ultra-rich.The co-founder of Sea Ltd. is ... ( read original story ...)