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Category: FINANCE

Posted on 03/02/2023

Singapore Is Not Exactly The Switzerland Of Asia When It Comes To Financial Services

Singapore and Switzerland are often compared as two sides of the same coin, but how close are their approaches to fintech in reality?

Posted on 03/02/2023

Standard Chartered says wins nod from China for securities firm

A logo of Standard Chartered is displayed at its main branch in Hong Kong, China, Aug. 1, 2017. REUTERS/Bobby Yip ...

Posted on 03/02/2023

Keppel O&M’s US provisions hit Singapore conglomerate’s bottom line

Keppel Infrastructure is developing Singapore’s first hydrogen-ready combined-cycle gas turbine power plant, as well as exploring carbon capture, utilisation and sequestration solutions with industry ...

Posted on 03/02/2023

DBS cuts Nanofilm’s target price to $1.33 on lowered profit guidance

DBS Group Research’s Ling Lee Keng has maintained her “hold” call on Nanofilm Technologies International, but with a reduced target price of $1.33, from $1.39. This follows the company’s guidance that ...

Posted on 03/02/2023

Man admits hitting elderly smoker at void deck who fell and later died

After having breakfast at Hougang Mall, Allan Chua Kim Wee was on his way home when he spotted an elderly man smoking at a void deck.

Posted on 03/02/2023

Brokers’ take: UOBKH upgrades CSE Global to ‘buy’ following acquisition of US radio group

UOB Kay Hian (UOBKH) has upgraded CSE Global to “buy” from “hold” following the technology company’s acquisition of a US radio communication group for US$11 million and its securing of two major ...

Posted on 03/02/2023

Stock Market LIVE Updates: Sensex jumps over 400 pts, Nifty above 17,700; Titan rallies 5%, Adani Transmission tumbles 10%

The most significant trend in the market so far in 2023 is the big underperformance of India compared to other markets. While S&P 500 is up 8.8% YTD Nifty is down 3.23% YTD. This ...

Posted on 03/02/2023

Singapore chamber says pro-SME budget offers opportunities in India

Describing India's budget for the financial year 2023-24 as a pro-business and pro-SME friendly, the Singapore Indian Chamber of Commerce and Industry (SICCI) on Friday said it provides many collabora ...

Posted on 03/02/2023

DBS maintains ‘buy’ and TP on CapitaLand Ascott Trust after FY2022 beat

CapitaLand Ascott Trust (CLAS) is “reaching for the stars and beyond” following the release of their FY2022 ended December results on Jan 30, say DBS Group Research analysts Geraldine Wong and Derek ...

Posted on 03/02/2023

Commentary: Singapore must clear the roadblocks for driverless cars

SINGAPORE: Investors have poured more than US$200 billion (S$261 billion) into autonomous vehicle (AV) technology and smart mobility since 2010. Multiple countries and companies are vying for a piece ...

Posted on 03/02/2023

Market LIVE Updates: SGX Nifty futures indicate a muted start for Sensex and Nifty 50

Indian equity benchmarks BSE Sensex and NSE Nifty50 are expected to remain muted on the last trading day of the week amid mixed cues from global markets. Singapore Exchange Nifty futures, an early ...

Posted on 03/02/2023

CytoMed Therapeutics sets terms for downsized $11M US IPO

Incorporated in Singapore with operations in Malaysia, CytoMed is a developer of cell-based immunotherapies for the treatment of cancer. CytoMed first filed for an IPO in November, seeking to raise ...

Posted on 03/02/2023

MAS and Brunei Darussalam Central Bank sign MOU to deepen cooperation in financial supervision

The MOU will facilitate the effective supervision of banks and insurers operating across the two jurisdictions.

Posted on 03/02/2023

Top Fintech VC QED Investors Hires Singapore Based Principle to Focus on Southeast Asia Market

QED Investors has appointed Melissa Ho as its lead in Southeast Asia as the Fintech VC focuses on the hot Asian market.

Posted on 03/02/2023

F&B brand owner YKGI raising $16.6 mil to fund expansion plans

We spoke to YKGI's CEO and marketing director, Seah Qin Quan and Seah Kun Miao, to find out more about their IPO and other plans.

Posted on 02/02/2023

Syngene rakes in $131 mn from Singapore’s GIC

Singapore’s sovereign wealth fund GIC on Wednesday invested ... Other participants include Goldman Sachs, Abu Dhabi’s sovereign wealth fund Abu Dhabi Investment Authority, Canada’s second-largest ...

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