The end of a lock-up period after a new listing is often a triumphant time when pre-IPO investors can cash out and book profits. For Didi Global Inc., whose shares have lost more than half of their ... ( read original story ...)
UnionBank to buy Citi’s retail unit
UNIONBANK of the Philippines, Inc. will buy the local consumer unit of Citigroup, Inc. for P55 billion, in a deal that could boost the local lender’s retail banking segment. ( read original story ...)
OCBC cautions public about SMS scams after customers lose $140,000 in 10 days
Scammers send SMSes purportedly from the bank claiming there are issues with customers' bank accounts or credit cards. . Read more at straitstimes.com. ( read original story ...)
At least 10 major Singapore companies have new chiefs this year
This year saw a bumper crop of at least 10 major companies in Singapore shaking up their top leadership with changes to their chief executive officer (CEO) postings. . Read more at straitstimes.com. ( read original story ...)
World Bank and Singapore Space & Technology launch Digital Earth Partnership Technology Challenge on Urban Heat
Singapore Space & Technology Limited (SSTL) announces the second year of its partnership with the World Bank Group, to organize a Digital Earth Partnership Technology Challenge focused on the ... ( read original story ...)
Indian student in Singapore, allegedly part of money laundering ring, sentenced to six months in jail
An Indian student in Singapore was on December 23 sentenced to six months in prison after he pleaded guilty to a charge each of conspiring to carry on the business of an unlicensed payment service and ... ( read original story ...)
Money mule from India-based money-laundering syndicate with Canadian victims jailed in Singapore
SINGAPORE: A man who came to Singapore from India to pursue a diploma was roped into a money-making scheme by a flatmate that turned out to be a money-laundering chain by a cross-border syndicate ... ( read original story ...)
Monetary Authority of Singapore fails to approve 100 licenses
Monetary Authority of Singapore, which noted that 103 companies dealing in digital assets in Singapore have failed to obtain their licenses. ( read original story ...)
LG Energy, LIC lead big IPOs to watch in Asia next year
The queue of jumbo listings in Asia next year includes the world’s second-largest battery maker in Seoul and an insurer with more than 1.2 million age ... ( read original story ...)
Binance’s regulatory setback in Singapore spurs shift in focus to Indonesia, Middle East
The world’s largest cryptocurrency exchange will wind down operations in the city-state. As some Asian governments try to balance regulation and investment, Dubai is ramping up plans to be a hub for ... ( read original story ...)
Man charged after he allegedly transferred almost $900 to finance terrorist group
Bangladeshi construction worker faces 15 charges under Terrorism (Suppression of Financing) Act. . Read more at straitstimes.com. ( read original story ...)
State-Run Insurer LIC Leads Big IPOs To Watch In Asia Next Year
The queue of jumbo listings in Asia next year includes the worlds second-largest battery maker in Seoul and an insurer with more than 1.2 million agents and 100,000 employees in Mumbai. ( read original story ...)
Wirecard funds supposedly held in trust by Citadelle with OCBC confirmed to be just a fraction of initial claims
AS WIRECARD'S insolvency administrator seeks to unravel the mischief done at the payments group, details about the extent of the fraud are ... ( read original story ...)
Global logistics real estate specialist GLP eyes US IPO
Sources within GLP told The Washington Post that the public company will manage about $100 billion in U.S. logistics real estate assets. ( read original story ...)
OCBC’s new industry program preps S’porean students for fintech jobs
As Singapore’s tech talent shortage amid growth in fintech jobs grows, banks and IHEs are working to address the imbalance. ( read original story ...)
Singapore’s UOB Asset Management, Singtel launch robo-advisory service
Singapore’s UOB Asset Management and Singapore Telecommunications (Singtel), the city state’s largest telecommunications company, have teamed up to launch a robo-advisory service exclusively on Dash, ... ( read original story ...)