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Category: FINANCE

Posted on 20/06/2024

Banks need more government help to backstop SMEs’ finance needs: HSBC co-CEO

Big data, AI and blockchain tech are raising financial inclusivity, top Moody’s and Standard Chartered executives say at Lujiazui forum.

Posted on 20/06/2024

Singapore stocks open subdued on Thursday amid European market losses—STI inched up by 0.01%

The broader market revealed more stocks declining than advancing, as 43 million securities worth S$53.7M changed hands in early trading.

Posted on 20/06/2024

Singapore Is Again No. 1 Among 67 Competitive Economies In The Post-Pandemic World

Singapore has moved up three places to take the No. 1 spot in the World Competitiveness Ranking (WCR) 2024, published by the International Institute for Management Development (IMD). The island nation ...

Posted on 20/06/2024

Why Permira got cold feet over Golden Goose IPO

Singapore’s GIC, for example ... “The risk of this turning into a mediocre IPO was higher than the advantage of going ahead,” said one participant. Permira may attempt to revive the listing in the ...

Posted on 20/06/2024

Guzman Y Gomez surges 37% in hottest Australian IPO in three years

In 2024 so far, Australia has raised just A$98 million in IPOs, the second-lowest June half in more than ... It also has outlets in Japan, Singapore and the United States. The company said its ...

Posted on 20/06/2024

S-REITs with Singapore focus can continue to grow, says Koh of Principal Asset Management

As late as last year, you will see family offices buying buildings for cash,” notes Koh Shern Ling, portfolio manager of Principal Asset Management. Currently, S-REITs appear a little stuck because ...

Posted on 20/06/2024

When, oh when, will the stock market be revived?

If Singapore is serious about being a global financial centre we need a stronger equity research and enhanced financial media ...

Posted on 20/06/2024

Monetary Authority of Singapore and National Bank of Cambodia Announce Financial Transparency Corridor Initiative

The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) announced the start of the FTC initiative.

Posted on 20/06/2024

Singapore’s Cyan forced to cough up more cash for MMA takeover

The private equity-backed suitor of takeover target MMA Offshore has been forced to increase its offer for the Australian-listed company. Singapore’s Cyan Renewables has increased its offer by AUD ...

Posted on 20/06/2024

OCBC Securities to triple young active investors with launch of Singapore’s first AI stock-picker

OCBC Securities has launched A.I. Oscar (OCBC Securities’ Customer Artificial-Intelligence Radar), Singapore’s first artificial intelligence (AI)-powered stock-picker tool. The aim is to triple its ...

Posted on 20/06/2024

Japan’s stock market revival could hold lessons for Singapore despite fundamental differences

SINGAPORE’S stock market has been languishing in recent years amid low liquidity and a dearth of new listings. Read more at The Business Times.

Posted on 20/06/2024

With stock market in doldrums, SGX may want to listen to new voices for solution

THERE has been a recent stream of efforts by various independent groups to resuscitate the moribund Singapore Exchange (SGX). Read more at The Business Times.

Posted on 20/06/2024

Buy Rating Affirmed for UOB on Strong Growth Prospects and Strategic Initiatives

CGS-CIMB analyst Andrea Choong reiterated a Buy rating on UOB (UOVEF – Research Report) on June 17 and set a price target of S$33.30.

Posted on 20/06/2024

OCBC debuts Singapore’s first AI stock picker

S ingapore brokerage firm OCBC Securities has launched A.I. Oscar – OCBC Securities’ Customer Artificial-Intelligence Radar – Singapore’s first artificial intelligence (AI)-powered stock picker tool, ...

Posted on 19/06/2024

Finance manager who stole more than S$630k from firm sentenced to 66 months’ jail

SINGAPORE: A finance and human resources manager who misappropriated about s$631,000 from a firm selling electronic components was sentenced to 66 months’ jail on Wednesday (June 19).

Posted on 19/06/2024

Finance manager who stole more than $630k from firm sentenced to 66 months’ jail

Ivy Tan Yee Ling, 35, was convicted over four charges of criminal breach of trust by a servant following a trial. Read more at straitstimes.com.

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