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Category: FINANCE

Posted on 05/11/2024

CMC Invest Singapore celebrates significant growth in its first anniversary

CMC Invest Singapore reported a 237% increase in net assets invested and a 272% expansion of its client base over the past year.

Posted on 05/11/2024

Singapore-backed multi-jurisdiction Common Ground Taxonomy to debut at COP29

EU taxonomy initiative's co-chair revealed that an expanded version will be launched in November, with hopes to add large economies like Brazil and Indonesia to become “a globally ...

Posted on 05/11/2024

Standard Chartered and Ant International complete SGD-denominated blockchain transaction

British multinational bank Standard Chartered and Ant International have successfully completed a liquidity transfer in Singapore dollars (SGD) using Ant’s blockchain-based Whale platform. The new ...

Posted on 05/11/2024

Singapore logistics sector expects steady growth as hub role strengthens

In the latest quarterly OCBC SME Index – which tracks the performance of small and medium-sized enterprises (SMEs) in Singapore – the transport and logistics industry’s score rose to 51.2 in the third ...

Posted on 05/11/2024

Fidelity increases IPO-bound Lenskart valuation by 12% to $5.6 billion

In June this year, IPO-bound Lenskart raised $200 million in secondary investment from Singapore’s state-owned investment firm Temasek and Fidelity. As value in startup companies grows, secondary ...

Posted on 05/11/2024

POSB steps up financial literacy efforts for youths, families in the heartlands

POSB on Saturday (Nov 2) held a financial literacy event – carnival-style – in Yishun, attracting about 800 attendees. Read more at The Business Times.

Posted on 05/11/2024

Singapore Airlines unveils $1.1 billion cabin retrofit for A350 fleet; Telemedicine under fire as patients abuse MCs: Singapore live news

This ambitious investment reaffirms SIA's commitment to maintaining its status as a leader in luxury air travel. More on Singapore Airlines' $1.1b investment to redefine luxury travel here. The rise ...

Posted on 05/11/2024

Best Fixed Deposit Rates in Singapore (Nov 2024)—Rates Up To 3.25%, Minimum Deposits From $500

If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of bank account that pays account ...

Posted on 05/11/2024

Niva Bupa Health Insurance announces price band of Rs 70-74 per share for IPO

The company is looking to raise ₹2,200 crore from its public offer, which includes a fresh issue of shares worth ₹800 crore and an offer for sale of ₹1,400 crore by Bupa Singapore Holdings Pte Ltd, ...

Posted on 05/11/2024

Funding Societies secures third credit facility with HSBC to extend access to MSMEs in Southeast Asia

Modalku (Funding Societies), the largest unified digital finance platform for micro, small and medium enterprises (MSMEs) in Southeast Asia today announced signing the third credit facility* with HSBC ...

Posted on 05/11/2024

Funding Societies’ Third HSBC Credit Facility Pushes Funding Past US$100 Million

Funding Societies has secured a credit facility from HSBC, brings the bank's total commitment to Funding Societies to over US$100 million ...

Posted on 05/11/2024

Standard Chartered Partners with Wise Platform to Transform International Payments Experience

In a significant move to strengthen its retail cross-border payments offering, leading global bank Standard Chartered has announced a partnership with Wise Platform, Wise’s global payments ...

Posted on 05/11/2024

Singapore stocks fell on Tuesday’s open—STI dropped 0.3%

In the broader market, 77 stocks declined compared to 50 that gained after a total of 51.9 million securities valued at S$70.6 million were traded ...

Posted on 05/11/2024

Renewed Consolidation Anticipated For Singapore Stock Market

The Singapore stock market on Monday ended the two-day slide in which it had dropped almost 35 points or 1 percent. The Straits Times ...

Posted on 05/11/2024

Singapore Airlines Will Invest $835 Million In New Interiors For Its Airbus A350s

Among the 41 A350s having their cabins upgraded are all seven of Singapore Airlines' Airbus A350-900ULR (Ultra Long Range) twinjets. Specially des ...

Posted on 05/11/2024

Citibank and Fidelity International Announces Proof-of-Concept Digital FX Swap to Streamline Real-time Settlement

Fidelity and Citibank will showcase their latest product at the MAS booth during the Singapore Fintech Festival 2024.

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