Aileen Yap remembers how in early December last year, reports on the OCBC SMS phishing scam started trickling in. In that period, there were about one or two cases a day, said DAC Yap, assistant ... ( read original story ...)
Singapore’s DBS Bank to buy Citigroup’s consumer banking business in Taiwan at US$707 million premium
'Notwithstanding Covid-19, we believe Asia's long-term growth trends remain intact,' says Piyush Gupta, CEO of DBS Group The Singaporean bank will pay cash for the assets of Citi Consumer Taiwan in a ... ( read original story ...)
Singapore foreign workforce shows rebound from pandemic hit
Singapore’s non-resident workforce expanded for the first time in two years last quarter, driven by an increase in the construction sector. ( read original story ...)
Over $700,000 raised by UOB’s annual CNY charity fundraiser
SINGAPORE - UOB raised more than $700,000 during its annual Chinese New Year charity fundraiser this year, the bank said in a news release on Thursday (Jan 27). . Read more at straitstimes.com. ( read original story ...)
Adani Wilmar IPO subscribed 65% so far on Day 2
The issue was subscribed 65 per cent by 10.25 am on Day 2. It saw applications for 7,94,12,905 shares so far against the total issue size of 12,25,46,150 shares. The IPO is entirely a fresh issue. ( read original story ...)
Validus Makes Two Key Hires to Support Tech and Neobank Initiatives
Southeast Asian SME growth financing platform Validus has announced two key additions to its senior leadership team. ( read original story ...)
DBS to buy Citi’s consumer banking business in Taiwan
SINGAPORE: DBS Group, Southeast Asia's largest bank, has agreed to buy Citigroup's consumer banking business in Taiwan via a transfer of assets and liabilities and will take over the 3,500 staff ... ( read original story ...)
DBS agrees to buy Citi’s Taiwan retail business, take over 3,500 staff
DBS Group has agreed to buy Citigroup's consumer business in Taiwan, paying S$956 million ($706.6 million) above the net asset value, making the Singapore lender the largest foreign bank in Taiwan by ... ( read original story ...)
It’s not just OCBC and Singapore, scammers are ripping off people across Asia
The phishing scams that burst into media headlines in Singapore last month have also swept through other countries in Asia. People in Hong Kong, Malaysia, India, the Philippines, and elsewhere have ... ( read original story ...)
Maybank Singapore’s New Digital Roadmap Caters To Personal Finance Management And A Robust SME Financing Eco-System
Maybank Singapore has announced the launch of three new digital banking initiatives to support the Bank’s strategic themes of being at the forefront of personal financial management and building a ... ( read original story ...)
London is top global finance centre but lags in key areas, says study
London remains the top global financial centre, according to a study from its own financial district, but is outgunned by New York and Singapore in access to talent, while Paris is adding competition ... ( read original story ...)
“Highly complex” merger of Singapore’s leading offshore contractors making steady progress
The touted merger of Singapore’s offshore fabrication leviathans – Keppel Offshore & Marine and Sembcorp Marine – is moving toward the position where definitive agreements can be signed before the end ... ( read original story ...)
Singapore: Industrial Production remains solid – UOB
UOB Group’s Economist Barnabas Gan reviews the latest data from Singapore. Key Takeaways “Singapore’s industrial production expanded 15.6% y/y (+4.3% m/m sa) in Dec 2021, su ... ( read original story ...)
DBS to announce purchase of Citi’s consumer business in Taiwan -sources
Singapore's DBS Group will announce on Friday it is to buy Citigroup's consumer finance business in Taiwan, two sources familiar with the matter told Reuters on Thursday. ( read original story ...)
Adani Wilmar IPO subscribed 58% on Day 1
The Rs 3,600 crore initial public offer (IPO) of Adani Wilmar saw decent investor response on the first day of the bidding process on Thursday. The issue was subscribed 27 per cent by 12.40 pm. It saw ... ( read original story ...)
DBS to announce purchase of Citi’s Taiwan consumer business -sources
Singapore's DBS Group will announce on Friday it is to buy Citigroup's consumer finance business in Taiwan, two sources familiar with the matter told Reuters on Thursday.DBS and Citi declined to ... ( read original story ...)