China Outlet Mall REIT Falls Short with $302M Singapore IPO

Ping An Real Estate-backed Sasseur REIT has driven Singapore’s biggest equity offering this year by raising S$396.0 million ($301.7 million) via a public listing on the Singapore Exchange. Chinese e-commerce giant JD.com is among the REIT’s cornerstone ... ( read original story ...)

Sasseur REIT launches IPO for $396m

This currently the biggest IPO listing in the Singapore Exchange so far this year, Thomson Reuters data revealed. The REIT said 12 cornerstone investors committed to subscribe for approximately 46.1% of the gross proceeds. Some of the investors comprise JD ... ( read original story ...)

Breakingviews- Uber races towards IPO with Southeast Asian deal

SINGAPORE (Reuters Breakingviews) - Uber is revving up for an initial public offering by exiting another cut-throat market. On Monday, the U.S. ride-hailing giant said it would hand its Southeast Asian arm to Grab, a $6 billion local rival, and take 27.5 ... ( read original story ...)

DBS brings back Hack2Hire, aiming to recruit 100 techies

SINGAPORE - DBS is bringing back Hack2Hire, with the aim of recruiting up to 100 of the "brightest tech sparks" - double the number of hires its hackathon programme produced last year. The bank said that given the success of Hack2Hire recruits from 2017 ... ( read original story ...)

DBS Indonesia joins ATM PRIMA Network to expand outreach

Bank DBS Indonesia, a subsidiary of Singapore's DBS Bank, has announced its collaboration with PT Rintis Sejahtera, the satellite communications company that owns the ATM PRIMA Network e-payment service, in a bid to expand its business and improve its ... ( read original story ...)

UOB ventures into online travel marketplace business

SINGAPORE - United Overseas Bank (UOB) has launched an online travel platform that makes it easier for its customers to search, plan and book their holidays. Working with online travel giants Agoda and Expedia, UOB said that it is the first bank in South ... ( read original story ...)

Singapore, Japan fintech associations to work on joint projects

According to the joint statement, the Financial Services Agency of Japan has updated its legislation to enable established banks and non-bank fintech companies to collaborate. In the same vein, the Monetary Authority of Singapore (MAS) established the ... ( read original story ...)

Singapore pharma on recovery path after worst output in decades

SINGAPORE (Reuters) - Singapore's pharmaceuticals business, among the pillars of the city-state's manufacturing sector, is set to return to strength this year as big global drugmakers ramp up output and advance automation at their production sites across ... ( read original story ...)

POSB Bank picks TSLA to lead creative duties

POSB and parent company DBS Bank currently work with a panel of agencies for creative and digital duties. In addition to TSLA, other agencies on the panel include Tribal Worldwide Singapore and Water’s Edge. When contacted by Marketing, a POSB/DBS ... ( read original story ...)

What Can Wall Street Teach Singapore?

The Singapore stock market is finally beginning to get some love again, due largely to impressive global growth and reflation. According to Bloomberg, the city-state’s equity funds grew by some $2 billion in 2017, the highest annual inflows for more than ... ( read original story ...)

Singapore’s Bourse Is Expanding Its Stock Research Unit

Singapore Exchange Ltd. says the answer is yes ... ASX Ltd., which runs Australia’s largest stock market, funds a program for outside analysts to research under-covered stocks on its venue. The National Stock Exchange of India Ltd. has a similar initiative. ( read original story ...)

DBS launches Electricity Marketplace

Said Jeremy Soo, DBS Head of Consumer Banking Group (Singapore), “DBS Electricity Marketplace exemplifies how we are reimagining banking, using digital technology and innovation to make life simpler for our customers. Through our partnerships with ... ( read original story ...)