MANILA, Philippines — DBS Bank Ltd of Singapore said the Bangko Sentral ng Pilipinas (BSP) is seen turning hawkish and raising interest rates either in November or December to address overheating risks in the economy. DBS economist Gundy Cahyadi said ... ( read original story ...)
Tencent-backed Southeast Asian gaming platform Sea sets terms for $646 million US IPO
Sea, which is leading online gaming platform in Southeast Asia, announced terms for its IPO on Friday. The Singapore-based company plans to raise $646 million by offering 49.7 million shares at a price range of $12 to $14. At the midpoint of the proposed ... ( read original story ...)
VTB Capital values Russia’s En+ at $9 bln-$12 bln ahead of IPO
The base amount of the deal mentioned by Malkov does not include Singapore's AnAn Group, a strategic partner of China's CEFC, which agreed to purchase global depository receipts (GDRs) during the IPO for $500 million. The IPO will be split between new and ... ( read original story ...)
Explore Stunning Singapore Open Venue Sentosa Golf Club
It’s a busy time for the club with a number of championships, both professional and amateur, in 2018, including the returning SMBC Singapore Open (18-21 January), The HSBC Women’s Champions (1-4 March), The Women’s Amateur Asia Pacific (21-24 ... ( read original story ...)
Standard Chartered Faces Inquiry Over $1.4 Billion Transfer by Indonesians
LONDON — Regulators in Guernsey and in Singapore have opened an inquiry into Standard Chartered over the transfer of about $1.4 billion by clients with links to the Indonesian military. Standard Chartered, which is based in London but does most of its ... ( read original story ...)
MOVES-DBS Bank names new chief economist
Oct 6 (Reuters) - Singapore-based DBS Bank, a unit of DBS Group Holdings Ltd, named Taimur Baig as chief economist and managing director for group research, replacing David Carbon, who is retiring. Baig will report to Timothy Wong, managing director and ... ( read original story ...)
Standard Chartered $1.4bn Guernsey transfer investigated
A $1.4bn (£1.1bn) money transfer between the Guernsey and Singapore offices of Standard Chartered is under investigation by financial regulators. The assets were moved in 2015, before the Channel Island adopted new rules on exchanging tax information with ... ( read original story ...)