The coronavirus lockdown turned WiMi’s IPO roadshow into an all-digital affair – although that may have done ... it turned out to be something of a damp squib for the founders of a company whose early ... ( read original story ...)
Merkel Warns of Relapse Risk; Singapore Cases Soar: Virus Update
Daily infections in Singapore topped 1,000, while rival financial hub Hong Kong had no new cases for the first time since March. Cases rose the least this month in Germany and the government eased ... ( read original story ...)
Why Citibank just slashed their price target on AMP
Citibank though, appears decisively more sceptical than AMP management ... pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in ... ( read original story ...)
COVID-19: OCBC To Offer S$1B In Gov’t-Assisted Loans To SMEs As Applications Spike 10 Times
The S$1B loan amount will exceed that of what OCBC Bank had lent to small businesses during the 2008-9 Global Financial Crisis. Many of these businesses applying for support are from the manufacturing ... ( read original story ...)
Chinese cancer drug firm Akesobio’s US$330 million IPO – Hong Kong’s largest this year – is oversubscribed 639 times by city’s investors
IPOs by Alphamab Oncology and InnoCare Pharma ... senior health care analyst at Singapore-based investment bank UOB-Kay Hian. “Drug developers should be evaluated by their overall capabilities. While ... ( read original story ...)
Asia Today: India, Singapore see record highs in new cases
Singapore now has the highest number of cases in Southeast ... JAPANESE EXPORTS SINK: Japanese exports sank 11.7% in March as the pandemic slammed auto shipments to the U.S. The Finance Ministry said ... ( read original story ...)
Forerunners, stars, and budding newcomers in Asean’s corporate governance scene
Singapore followed closely and introduced ours in 2001 ... They introduced their CG Code in the last 5 to 8 years, in time to catch on with the IPO fever which sees many of their larger ... ( read original story ...)
Coronavirus pandemic could weigh on mergers, IPOs longer than Sars, deal makers say
As the severe acute respiratory syndrome (Sars) epidemic reached its height in 2003, corporate finance activity fell sharply with the volume of initial public offerings (IPO) dropping to levels not ... ( read original story ...)
Singapore Cases Keep Rising; Europe Outbreak Eases: Virus Update
Signs of easing in the global pandemic emerged as hot spots in Europe reported the smallest increases in fatalities in weeks, while New York appeared to be “on the other side” of the outbreak.The Worl ... ( read original story ...)
Singapore oil trader hid US$800 million of losses before collapse that stuns lenders including HSBC, DBS
The trader’s troubles have rippled through the oil trading community in Singapore, one of the world’s most important oil markets and the biggest ship fuelling hub. Asian banks from DBS to HSBC are ... ( read original story ...)
Foreign Workers Are Safer in Singapore, Minister Says
Foreign workers in Singapore know they are currently safer in the city-state than elsewhere including their own countries, a minister said, even as a massive coronavirus outbreak among that community ... ( read original story ...)
Singapore giant oil trader Hin Leong failed to declare $1.14 billion losses
Three Singapore banks — DBS Group, OCBC Bank and United Overseas Bank — have a combined exposure of at least US$600 million. DBS has the highest exposure at around US$290 million, OCBC Bank is owed ... ( read original story ...)
Foreign Workers in Singapore Are Safer Here, Minister Says
Foreign workers in Singapore know they are currently safer in the city-state than elsewhere including their own countries, a minister said, even as a massive coronavirus outbreak among that community ... ( read original story ...)
Singapore giant oil trader Hin Leong said to have failed to declare $1.14 billion losses
Three Singapore banks — DBS Group, OCBC Bank and United Overseas Bank — have a combined exposure of at least US$600 million. DBS has the highest exposure at around US$290 million, OCBC Bank is owed ... ( read original story ...)
Standard Chartered donates $1m to help Singapore community respond to Covid-19
SINGAPORE (THE BUSINESS TIMES) - Standard Chartered has made a $1 million donation in Singapore as part of its US$50 million (S$71 million) global assistance fund to help communities deal with ... ( read original story ...)
Singapore giant oil trader Hin Leong, Ocean Tankers apply for court protection from creditors
HSBC is the bank with the biggest exposure to Hin Leong at US$600 million, followed by ABN Amro at US$300m. Three Singapore banks - DBS Group, OCBC Bank and United Overseas Bank - reportedly have a ... ( read original story ...)