SINGAPORE: Nine men were charged in court on Thursday (Dec 9) with conspiring to cheat Citibank into disbursing more than S$206,000 in fraudulent personal loans. Of the nine men, three were contract ... ( read original story ...)
RateGain Travel IPO subscribed 17.4 times on robust HNI interest
Wealthy investor portion was subscribed 42 times, while institutional and retail portions were oversold 8x each ... ( read original story ...)
RateGain IPO Subscribed 17 Times With Robust Investor Interest
The non institutional investors (NII) which largely include corporates and high net worth individuals booked the allocated portion 42.04 times. ( read original story ...)
Once-Hot IPOs Stumble as Market Volatility Picks Up
A banner year for tech-related initial public offerings is poised to go out on a sour note as returns dwindle in a surge of stock market volatility that’s prompted a flight to quality among investors. ( read original story ...)
Singapore – World’s First Digital Trade Financing Pilot.
Singapore’s Infocomm Media Development Authority (“IMDA”), the Monetary Authority of Singapore (“MAS”) and the Financial Services Regulatory Authority (“FSRA”) of Abu Dhabi Global Market (“ADGM”), in ... ( read original story ...)
3 ex-contract staff charged with cheating after allegedly duping bank of more than $180k in loans
SINGAPORE - Three men who were working as contract staff at Citibank allegedly conspired with others to cheat the bank into giving loans totalling more than $180,000 in a ruse involving the submission ... ( read original story ...)
Tencent leads $95m funding round in Singapore-based digibank firm
Tyme, a Singapore-based digital-banking firm, raised US$70 million (S$95.3 million) in a funding round led by billionaire Pony Ma's Tencent Holdings to boost investment in South Africa and the ... ( read original story ...)
RateGain Travel Technologies IPO closes today
The ₹1,335-crore RateGain Travel Technologies issue closes today for public subscription. The issue so far was subscribed 0.75 time at the end of day two. The minimum order quantity is 35 shares. The ... ( read original story ...)
3 ex-bank employees among 9 men charged with cheating Citibank in S$206,000 personal loan fraud
SINGAPORE: Nine men, including three former bank employees, were charged in court on Thursday (Dec 9) with conspiring to cheat Citibank into disbursing more than S$206,000 in fraudulent personal loans ... ( read original story ...)
ADB, DBS Sign Agreement for SME Supply Chain Support
The Asian Development Bank (ADB) and DBS Bank of Singapore have signed an agreement to help small and medium-sized enterprises (SMEs). ( read original story ...)
PE firm TPG Capital said to mull stake sale in IPO-bound Pathology Asia
Private equity firm TPG Capital Asia is considering selling a 20% stake in Pathology Asia Holdings, its pathology business in the region. ( read original story ...)
VinFast aims for US IPO in 2H22
Vingroup JSC's automobile unit, VinFast is paving its way to be listed on the US initial public offering (IPO) in the second half of 2022. Vingroup is expected to raise US$3 billion for VinFast, ... ( read original story ...)
Young guns cap dominant season with Singapore sweep
China's new generation of paddlers capped their season of dominance by bagging both gold medals at the World Table Tennis (WTT) Cup Finals in Singapore this week－but not before fighting off some gutsy ... ( read original story ...)
Tencent leads $95m round in Singapore-based digibank firm
SINGAPORE (BLOOMBERG) - Tyme ... into financial services in Asia and challenging existing brick-and-mortar banks such as HSBC Holdings and DBS Group Holdings. Part of its strategy is to partner with ... ( read original story ...)
Gautam Mukharya, CRO for HSBC Singapore, Joins SPIN Analytics’ Global Advisory Board
SPIN Analytics, a modern FinTech provider that brings a new paradigm for credit risk modelling, announces today that Gautam Mukharya, CRO for HSBC Singapore joins the Company’s Global Advisory Board. ( read original story ...)
How the supply-chain crisis is changing banking
Global supply-chain bottlenecks have profound implications for how and where companies will fund their operations in the future. As the lines of ships lengthen outside ports, there’s a macroeconomic ... ( read original story ...)