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Category: FINANCE

Posted on 19/11/2024

EMERGING MARKETS-Singapore shares hit 17-year high on market revival efforts

Singapore stocks hit highest level since Nov 2007 * Ringgit rises 0.3%, Taiwan dollar gains 0.2% By Sneha Kumar Nov 19 (Reuters) - Singapore shares jumped to a 17-year high on Tuesday, powered by a ...

Posted on 19/11/2024

After the election: Assessing Investor Sentiment in Hong Kong and Singapore Post-Trump’s Election

Investment decisions are influenced by market volatility, interest rate changes, and perceptions of Trump's economic policies ...

Posted on 19/11/2024

BlackBuck IPO: Accel, Flipkart To Rake In 5X Returns

Flipkart, which held a 13.2% stake, or 2.1 Cr shares, in BlackBuck via its Singapore-based subsidiary Quickroutes International ahead of the IPO, is offloading 55.3 Lakh shares for around INR 151.1 Cr ...

Posted on 19/11/2024

Bangladesh tycoon says Singapore citizenship is a shield against central bank ‘intimidation’

Mohammed Saiful Alam considers international arbitration over accusations he siphoned money out of banking sector ...

Posted on 19/11/2024

Marina Bay Sands Eyes Singapore’s Largest Loan of $9 billion

Marina Bay Sands is seeking a loan of around S$12 billion ($9 billion), in what would be the largest financing from Singapore, as the company looks to fund the planned expansion of its casino resort ...

Posted on 19/11/2024

HSBC asks hundreds of managers to reapply for jobs in bank revamp, sources say

SINGAPORE/LONDON – HSBC Holdings has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking (CIB) division as chief executive Georges Elhedery ...

Posted on 19/11/2024

Assets worth S$1.85 billion surrendered by 15 fugitives in Singapore’s largest money laundering case

Assets worth S$1.85 billion have been surrendered by 15 fugitives in Singapore’s largest money laundering case, bringing total recovered assets to S$2.8 billion. The individuals agreed to surrender ...

Posted on 19/11/2024

NTPC Green Energy IPO GMP: What grey market premium signals as issue opens on Tuesday, November 19 – 10 key things to know

The initial public offering of NTPC Green Energy, the renewable energy arm of PSU NTPC, will open for public subscription today (Tuesday), November 19. As the issue opens Tuesday, the shares of the ...

Posted on 19/11/2024

NTPC Green Energy IPO: Anchor Investors Buy Shares Worth Rs 3,960 Crore

NTPC Green Energy Ltd. allocated 36.66 crore shares to 107 anchor investors at Rs 108 each, including LIC, which secured a Rs 500 crore stake. The IPO aims to raise Rs 10,000 crore via a fresh issue.

Posted on 19/11/2024

Cash Management Accounts in Singapore: StashAway, Syfe, Endowus, Mari Invest, and More

We all know that stashing your savings away in a run-of-the-mill POSB savings account is a waste due to dismal interest rates. High-interest savings accounts (like the UOB One, DBS ...

Posted on 18/11/2024

17.5 years jail for OK Lim in one of Singapore’s ‘most serious cases of trade financing fraud’

The tycoon will appeal against the sentence, and his lawyer says that his $4 million bail has also been extended ...

Posted on 18/11/2024

Singapore’s Crypto Gateway: OKX Teams Up with Banking Giant DBS

OKX launches instant Singapore dollar transfers through DBS Bank using PayNow and FAST payment systems, coinciding with Bitcoin's rise above $90,000 and the exchange's recent regulatory approval in ...

Posted on 18/11/2024

Singapore oil trader sentenced to 17 years for ‘cheating’ HSBC over $112mn

Lim was originally charged in 2020 after confessing to hiding $800mn in losses from creditors — including HSBC and Singapore’s biggest lender DBS — and directing the company’s finance department not ...

Posted on 18/11/2024

How did Singapore’s richest man grow his wealth?

Eduardo Saverin, the richest man in Singapore with a net worth of US$30.4 billion, co-founded Facebook - now internet giant Meta Platforms - and invested in several successful startups.

Posted on 18/11/2024

Disgraced Singapore oil tycoon sentenced to nearly 18 years for fraud

The founder of a failed Singapore oil trading company was sentenced Monday to nearly 18 years in jail for cheating banking giant HSBC out of millions of dollars in one of the country's most serious ...

Posted on 18/11/2024

Singapore oil tycoon OK Lim sentenced to nearly 18 years for cheating HSBC out of millions of dollars

The founder of a failed Singapore oil trading company was sentenced Monday to nearly 18 years in jail for cheating banking giant HSBC out of millions of dollars in one of the country's most serious ...

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