Shein Group Ltd. is working toward an initial public offering in Hong Kong after the fast-fashion company had not yet received approval from Chinese regulators for a London listing, Reuters reported ...
RHB Bank aims high despite headwinds
Under P27, RHB plans to remodel group wholesale banking client relationships and strengthen its advisory capabilities and tools to enable higher fee income growth. Its non-interest income (NOII) to ...
DBS downgrades ST Engineering to ‘hold’ but with higher target price of $7.70 after ‘stellar’ run
Jason Sum of DBS Group Research says that ST Engineering, trading at 26-28x forward PE, is already priced at a premium to other defence stocks ...
Wages in Singapore grew 3.2% in 2024, fewer firms planning increase in 2025
A federal judge on Tuesday struck down an executive order targeting law firm WilmerHale, in the third ruling to overwhelmingly reject President Donald Trump's efforts to punish firms he perceives as ...
Stocks to watch: OCBC, Amara, Valuetronics
SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 28). Read more at The Business Times.
Citi appoints Prashant Thakker as head of Asia South Corporate Bank
Thakker who began his Citi journey in 2007 set to oversee the bank’s corporate banking operations across nine key markets ...
FDI inflows up 14% to $81 billion; Singapore top contributor
Amid concerns over India’s net foreign direct investment (FDI) plummeting 96% to just $0.4 billion in 2024–25, data from the Department for Promotion of Industry and Internal Trade (DPIIT), under the ...
Asean, Gulf bloc can work more closely on trade and investment, energy, digital economy: PM Wong
KUALA LUMPUR] In a turbulent world, Asean and the Gulf Cooperation Council (GCC) can do more to promote trade and investment, as well as advance common interests in energy transition and the digital ...
Basic Materials Roundup: Market Talk
The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0651 GMT – BRC Asia delivers on its merger-and-acquisition strategy ...
Independent financial adviser deems Amara’s takeover offer at S$0.895 a share ‘fair and reasonable’
SINGAPORE] The independent financial adviser (IFA) appointed for the takeover bid for hotel group Amara has deemed the offer at S$0.895 a share to be “fair and reasonable”. Read more at The Business ...
Elaine Heng to succeed Linus Goh as OCBC’s head of global commercial banking
Ms Elaine Heng, now OCBC’s group chief strategy and transformation officer, will succeed Mr Linus Goh, the current head of global commercial banking who retires on Sept 30. Mr Tan Yuen Siang, ...
DBS Revolutionizing Global Private Banking For New Generation Of HNWIs
Ultra-wealthy families have traditionally managed their wealth from a single-family office located where their business and family reside.
OCBC announces leadership changes in its global wholesale banking franchise
Elaine Heng (pictured above), who is currently the group chief strategy and transformation officer, will succeed Linus Goh as OCBC’s head of global commercial banking. Goh, who first joined the bank ...
Desmond Lee to leave Singapore Economic Resilience Taskforce; Jeffrey Siow to join
The changes, effective May 27, follow Prime Minister and Minister for Finance Lawrence Wong’s new Cabinet line-up, which he unveiled on May 21.
HSBC cuts dozens of analyst jobs in investment banking overhaul
SINGAPORE] HSBC Holdings has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment banking businesses, according to sources familiar ...
How Cathay United Bank aims to be a better-known name in SG through innovation, sustainability and client-centricity
Cathay United Bank launched private banking in Singapore during Covid, which is a move CEO Winfield Wong sees as a vote of confidence in the city’s long-term value.