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Category: FINANCE

Posted on 06/11/2024

Singapore’s PM Wong reaffirms commitment to strengthening ties with US under President-elect Donald Trump

Singapore is familiar with Trump as he had visited the Republic during the Trump-Kim Summit in 2018, said PM Wong. Read more at straitstimes.com.

Posted on 06/11/2024

Niva Bupa Health Insurance IPO opens tomorrow: Price band & GMP among 10 things to know before subscribing to the issue

Niva Bupa Health Insurance Company's initial public offering (IPO) will open for public bidding on Thursday, November 7, and will close on Monday, November 11. The healthcare insurer has fixed the ...

Posted on 06/11/2024

Jail for woman who let her firm’s bank account receive scam benefits totalling over $1m

Chen Binjue committed the offence after she got involved in a scheme with a money laundering syndicate. Read more at straitstimes.com.

Posted on 06/11/2024

Singapore faces increased risks of higher costs, slower growth as Trump’s win makes for a more protectionist climate

THE export-driven Singapore economy is bracing for the likelihood of higher tariffs globally as unofficial results show former United States president Donald Trump has clinched a second term. Read ...

Posted on 06/11/2024

Singapore leads Asean in fintech investment and deals for 9M 2024: report

SINGAPORE bagged US$745 million in fintech investment in the first nine months of 2024, with the sum making up more than half the fintech funding going into Asean. The Republic has cornered the lion’s ...

Posted on 06/11/2024

Singapore government cements its position as largest FPI in India

The actual portfolio value of the Singapore government may be higher since the fund may have made small-ticket investments in some companies. It invests in listed companies through various funds, the ...

Posted on 06/11/2024

Niva Bupa IPO: ₹2,200 crore issue opens on Thursday; Know GMP and other details

This will be the second standalone health insurer looking to float an IPO, after Star Health & Allied Insurance Company.

Posted on 06/11/2024

Grocer Lulu’s US$1.72 billion Abu Dhabi IPO draws Vanguard, GIC

HYPERMARKET chain operator Lulu Retail Holdings’s US$1.72 billion Abu Dhabi initial public offering drew orders worth US$37 billion, including from global investors Vanguard Group and Singapore ...

Posted on 06/11/2024

Singapore dollar weakens against US dollar, with the greenback gaining on most currencies as election wraps up

UOB said in a research note on Tuesday that the Singapore dollar is around 1.3215 against the US dollar, but that could edge lower to 1.312. “While we expect USD/SGD to rise further towards 1.327...

Posted on 06/11/2024

Sebi gives nod to Rubicon Research, Sai Life Sciences, others to float IPOs

The Rs 1,085-crore IPO of Rubicon Research is a combination of a fresh issue of equity shares worth Rs 500 crore and an Offer For Sale (OFS) of shares valued at Rs 585 crore by the promoter, General ...

Posted on 06/11/2024

Upcoming IPO: Sanathan Textiles, Rubicon Research get SEBI nod to launch IPOs

Sanathan Textiles Ltd and Rubicon Research Ltd received final SEBI approval for IPOs. Sanathan focuses on diverse yarn production, while Rubicon specializes in pharmaceutical R&D, with both firms ...

Posted on 06/11/2024

Super-rich Indian families join Ambanis in setting up family offices in Singapore

Singapore is a top choice for rich Indian families establishing family offices outside of India. Read more at straitstimes.com.

Posted on 06/11/2024

Deadlock over climate finance is undermining Paris agreement, Singapore minister says

Efforts by the United States and others to persuade more countries to contribute to a new global climate financing initiative risks undermining the Paris agreement, Singapore's Environment Minister ...

Posted on 06/11/2024

OCBC, LTA pilot next-gen blockchain payments

One of Singapore’s largest lenders, OCBC, has deployed a next-generation blockchain-based conditional payments solution on its business banking platform to digitally transform the Land Transport ...

Posted on 06/11/2024

Singapore stocks rose as trading began on Wednesday—STI increased by 0.5%

SINGAPORE: Singapore stocks rose as trading began on Wednesday, Nov 6, following gains seen in global markets overnight. The Straits Times Index (STI) increased by 0.5%, adding 18.37 points to reach 3 ...

Posted on 06/11/2024

DBS Net Profit Likely Rose in Third Quarter — Earnings Preview

Loan demand is expected to have remained healthy, though overall loan growth was likely affected by continued loan replacements and the Singapore dollar's strength during the period, they said. -- DBS ...

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