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Category: FINANCE

Posted on 05/11/2024

Ahead of IPO, Sagility India collects Rs 945 cr from anchor investors

Nomura Funds Ireland, Government Pension Fund Global, Florida Retirement System - Allspring Global Investments, LLC (EMSC), Amundi Funds New Silk Road, and Goldman Sachs (Singapore ... based company's ...

Posted on 05/11/2024

Singapore Advances Tokenization of Assets With New Frameworks

The Monetary Authority of Singapore (MAS) has introduced two new frameworks aimed at enhancing the commercialization of asset tokenization in financial markets.

Posted on 04/11/2024

Singapore Gulf Bank launches corporate banking services

Real-time settlement capabilities, fully remote onboarding will support businesses in the global economy ...

Posted on 04/11/2024

DBS issues green loan of ‘about $60 mil’ to Rexus Bioenergy to finance waste wood power plant in Jurong

As financial adviser, DBS says it provided an “end-to-end service” to Rexus Bioenergy, and advised them on project finance structuring, due diligence and modelling workstreams. “The development is ...

Posted on 04/11/2024

Dennis Uy to cede control of DITO as Singapore investor expands stake

MANILA, Philippines — Davao-based tycoon Dennis Uy is set to lose control of DITO CME Holdings with an investment from a Singapore-based company. In a report filed to the Securities and Exchange ...

Posted on 04/11/2024

SIA to invest $1.1 bil in Airbus A350 cabin refitting programme

The airline is set to showcase new business class seats in all 41 aircraft, which are also expected to feature on SIA’s upcoming Boeing 777-9 aircraft.

Posted on 04/11/2024

Niva Bupa IPO: Fresh Issue Will Help Solvency, Growth; OFS To Accommodate FIIs

Niva Bupa has set a price band of Rs 70-74 per share for its IPO that will open for subscription later this week.

Posted on 04/11/2024

UOB FinLab Awards Over S$100,000 Funding for GreenTech Pilots Across ASEAN

UOB FinLab, the innovation accelerator of United Overseas Bank, has awarded over S$100,000 in funding to GreenTech firms.

Posted on 04/11/2024

How Singapore’s tokenization push could reshape fixed income and FX markets

Singapore’s MAS boosts tokenization with new Project Guardian frameworks, enhancing liquidity and adoption in debt, FX, and fund markets.

Posted on 04/11/2024

Niva Bupa’s IPO to open on Thursday, price band fixed at Rs 70-Rs 74

Niva Bupa Health Insurance Company on Monday said it has fixed the price band of Rs 70-Rs 74 per equity share of face value Rs 10 each for its maiden initial public offer (IPO).

Posted on 04/11/2024

Person jailed for accepting $300 to share bank details used in $160k money laundering scheme

His Singpass identity was subsequently used to open two bank accounts that were used to receive more than $337,000. At least $114,000 was derived from 21 scam victims in Singapore, said the police.

Posted on 04/11/2024

Woman in S’pore transfers S$290k to scammers, but manages to get back S$250k

SINGAPORE: A 77-year-old woman recovered S$250,000 ... A scammer, pretending to be a Standard Chartered Bank employee, called the victim and told her that several unauthorised transactions had been ...

Posted on 04/11/2024

MAS pushes ahead on tokenisation in financial services for commercialisation

SINGAPORE - Singapore is pushing ahead in its plans for ... In his speech, Mr Leong also said Citi, HSBC, Schroders, Standard Chartered and UOB have formed the Guardian wholesale network industry ...

Posted on 04/11/2024

Singapore stocks started the week on a high note on Monday—STI rose by 0.5%

In the broader market, 67 gainers outpaced 50 losers after 35.9 million securities valued at S$56.5 million were traded ...

Posted on 04/11/2024

Niva Bupa Health IPO opens on Nov 7: Check GMP, dates, & other key details

The public offering comprises a fresh issue of 108,108,108 shares and an offer for sale, with the promoters Bupa Singapore Holdings and Fettle Tone offloading 189,189,189 shares with a face value of ...

Posted on 04/11/2024

DBS appoints Shilpa Gulrajani as head of sustainability for institutional banking

Singapore-based bank DBS appoints Shilpa Gulrajani as head of sustainability for institutional banking. The role was vacated in April after the departure of Yulanda Chung.

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