Long term investors may stay invested in Sats, but Chu warns that a rights issue could weigh on its near-term share price.
Singapore’s Temasek Writes Off $275 Million Investment In Failed FTX Crypto Exchange
Singapore state-owned investment firm Temasek said Thursday it has decided to write off its $275 million investment FTX, nearly a week after the cryptocurrency exchange filed for bankruptcy.
Indian national jailed in Singapore for bank fraud
An Indian national has been jailed in Singapore for nine weeks after he committed fraud involving more than S$26,000 that was traced to three fraud victims ...
Indian National Jailed In Singapore For Withdrawing SGD 26,000 Fraud Money
A 26-year-old Indian national, who first came to Singapore in 2018 to study, was jailed for nine weeks after he pleaded guilty to three counts of dealing with the benefits of criminal conduct, ...
OCBC Securities accelerates digitalisation efforts with refreshed iOCBC platform
Leading local brokerage firm OCBC Securities is highly aware of this and is rolling out a single app for users to do all their investing and banking needs. As part of its continual efforts to keep its ...
Singapore minister says country won’t take sides as there’s no win-win scenario in fractured world
Singapore won't take sides in geopolitical conflicts and will ... as any kind of fracture would make individual countries "suboptimal" and suffer economically. related investing news China is easing ...
Singapore Stock Market May See Continued Consolidation
(RTTNews) - The Singapore stock market on Wednesday wrote a finish to the eight-day winning streak in which it had surged almost 175 points or 5.6 percent. The Straits Times Index now rests just above ...
Singapore’s Temasek writes down $275 mln investment in FTX
Singapore's state investor Temasek Holdings (TEM.UL) said on Thursday it will write down the value of its full investment in collapsed cryptocurrency exchange FTX, irrespective of outcome of its ...
Zelenskiy, Singapore’s Wong to Speak as NEF Talks Focus on Risk
Singapore’s finance minister and prime minister-in-waiting, will also speak Thursday, the final day of the three-day event, which has seen policymakers and business leaders discuss issues including ...
Temasek Intends To Write Down Investments In FTX Of Up To $300M: Expert Weighs In On What’s Next In Crypto Investments
The state investment fund of Singapore, Temasek, is prepared to write down investments to the tune of $200 million to $300 million in the bankrupt cryptocurrency exchange FTX.
Bangladesh seeks Singaporean investment to become ‘connectivity hub’
Describing Singapore as a "connectivity hub" for distribution of services as well as trade, State Minister for Foreign Affairs Md Shahriar Alam yesterday shared the aspirations of Bangladesh to emerge ...
Mubadala Acquires Stake In Singapore’s Aircarbon
Abu Dhabi state fund Mubadala Investment Company confirmed on Wednesday that it has acquired a strategic stake in Singapore-based AirCarbon Excha ...
Singapore’s bank DBS to open office in Dhaka
Singaporean bank DBS yesterday announced that it will be expanding its regional footprint with the establishment of a representative office in Dhaka.
How local employees at this global bank gain from being youth mentors
About 40 volunteers from the bank’s Singapore office connect with 30 to 40 students every year in the programme. It is “a good take-up rate”, says Ms Green. Students would meet with their Credit ...
Ngee Ann Poly alumni commit $500,000 in new angel investment network to support student entrepreneurs
SINGAPORE - Ngee Ann Polytechnic (NP) students who are keen on growing their businesses can now get funding from alumni who are accomplished entrepreneurs. Read more at straitstimes.com.
NY Fed Launches Digital Dollar Pilot Program With Big Banks
Nine U.S. financial institutions, including Citibank, Wells Fargo ... Earlier this month, France, Switzerland, and Singapore jointly conducted a trial for their digital currencies, one of the first of ...