Singapore sovereign wealth fund GIC has agreed to acquire ... Margautama’s indirect majority owner and billionaire Anthoni Salim’s investment arm. Under the agreement, GIC will invest in Margautama ...
Winking Studios to raise S$8 million via Catalist IPO at S$0.20 a share
GAMING-RELATED company Winking Studios is planning to raise S$8 million through an initial public offering (IPO) on the Singapore Exchange (SGX) Catalist, it announced on Wednesday (Nov 8). Read more at The Business Times.
HSBC to Offer Tokenized Securities Custody Service for Institutions
The platform, planned for 2024, complements its new offering for tokenized gold as well as one for issuing digital assets.
UPDATE 1-HSBC CEO Quinn says Chinese businesses stepping up offshore diversification
(Reporting by Scott Murdoch; Editing by Christian Schmollinger and Edmund Klamann)
HSBC CEO Quinn Says Chinese Businesses Stepping up Offshore Diversification
(Reuters) - HSBC Group Chief Executive Noel Quinn said on Wednesday the bank had seen a 70% lift in business from its Chinese clients looking to diversify their business models outside of mainland China.
Shein targets up to US$90 bil valuation in US IPO, sources say
Shein was the world’s third most valuable startup in 2022, when a funding round valued the company at US$100 billion.
DBS Has $74 Million Exposure to Singapore Laundering Scandal
DBS Group Holdings Ltd.’s exposure to a money laundering scandal in Singapore is about S$100 million ($74 million), mainly from financing properties of those arrested in one of the biggest such cases in the city-state.
Commentary: DBS, Citi outage – it shouldn’t be so easy to bring daily life to a halt
service during the Oct 14, 2023 banking outage that affected DBS and Citibank. New: You can now listen to articles. SINGAPORE: Oct 14 was an otherwise ordinary Saturday afternoon until many in ...
Oct. 14-15 bank service outage: 2.5 million ATM & payment transactions & 810,000 access attempts failed
Approximately 2,500,000 ATM & payment transactions could not be completed, and 810,000 attempts to access DBS and Citibank's digital banking platforms failed from Oct. 14, 2023, to Oct. 15, 2023, when ...
Singapore’s Marina Bay Sands says data of 665,000 customers hacked by ‘unknown third party’
The luxury resort’s shopping loyalty programme was hacked on October 19 and 20, but there was ‘no evidence’ the data was misused.
Singapore: Retail Sales lose momentum in September – UOB
UOB Group’s Senior Economist at UOB Group Alvin Liew and Associate Economist Jester Koh comment on the release of Retail Sales figures in Singapore.
Shein reportedly seeks $90 billion valuation in IPO
Shein has seen big swings in its price tag over the last year. The Singapore-headquartered fast fashion platform is targeting a valuation of up to $90 ...
OCBC digital banking, PayNow services restored
OCBC's digital banking services and its PayNow platform were reportedly down on Tuesday afternoon (7 November), with some customers reporting that they were unable to use these services. In a Facebook ...
DBS and Citibank outage affects 2.5 million payments, 810,000 digital banking attempts
As a result of the banking disruptions in Oct, MAS has paused DBS from making any non-essential IT changes, acquiring new business ventures, or reducing the size of its branch or ATM networks in Singa
Shein targets up to US$90 billion valuation in US IPO, sources say
In private trades, Shein’s valuation has dropped below the US$66 billion it got in a funding round in May. Read more at straitstimes.com.
OCBC digital banking and payment services down; bank says there appears to be ‘intermittent slowness’
SINGAPORE: Some customers were unable to use OCBC's app and PayNow service on Tuesday (Nov 7), with the bank citing "intermittent slowness". OCBC acknowledged the issue on its app in a notice on its ...