SINGAPORE (May 9): Woon Kok Yan, head of risk management of OCBC Securities, placed the blame squarely on trade representatives for failing to obtain formal third-party authorisation, when he took the ... ( read original story ...)
Eagle Hospitality drags out Singapore IPO
Eagle Hospitality Trust extended bookbuilding for its Singapore IPO twice because of market jitters following US president Donald Trump’s tweet this week about Chinese trade tariffs, according to a ... ( read original story ...)
Singapore’s DBS Bank wants more out of Patanjali’s offer for Ruchi Soya
Singaporean lender DBS Bank has contested the bankruptcy-resolution plan of Rs 4,350 crore offered by Patanjali Ayurved to buy debt-laden Ruchi Soya Industries Ltd, citing unfair treatment in terms of ... ( read original story ...)
DBS retrains call centre staff for digital future
Singapore's DBS has retrained more than 500 call centre employees for the digital age, creating new roles in areas such as social media, voice biometrics and live chat. Contact centres are ... ( read original story ...)
Singapore banks move to end Southeast Asia’s coal addiction
Singapore's DBS Group Holdings said last month that it would cease financing new coal power projects from 2021 following the completion of existing projects in Indonesia and Vietnam, and will ... ( read original story ...)
Patanjali’s Ruchi Soya plan hits a speed breaker; DBS to move NCLT
DBS Bank-Singapore told the Mumbai National Company Law Tribunal (NCLT) on Tuesday it would move the tribunal against Patanjali Ayurved’s proposed Rs 4,350-crore resolution plan for debt-laden Ruchi ... ( read original story ...)
RComm shares drop after shelving unit’s Singapore IPO
Shares in Reliance Communications dropped more than 3% on Monday after shelving a planned Singapore initial public offering for its undersea cable unit, citing unfavourable market conditions. The ... ( read original story ...)
ARA’s US Hospitality Trust IPO: 7 Things Investors Should Know
This is going to be the first pure-play US upscale select-service hospitality REIT to be listed in Singapore. The public offer opened at 9 p.m. on 2 May 2019 and closes at 12 noon on 7 May 2019. Here ... ( read original story ...)
Eagle Hospitality sweetens Singapore IPO
Eagle Hospitality Trust has cut the floor of the initial price guidance for its Singapore IPO, hiking up the yield for investors while delaying the end of its roadshow, according to a source close to ... ( read original story ...)
Singapore accelerates patent applications for AI inventions
The Intellectual Property Office of Singapore (IPOS) has recently announced that it will now accelerate grants of AI-related patent applications to just six months — which will be the fastest in the ... ( read original story ...)
UOB to help SMEs build e-commerce websites by tapping Shopmatic’s digital solutions
SINGAPORE - United Overseas Bank (UOB) is integrating the digital solutions of e-commerce solutions provider Shopmatic, into its suite of cloud-based business solutions "UOB BizSmart" to help small ... ( read original story ...)
Singapore is Now Considering Virtual Banking Licenses Too—Here’s Why
The now famous Hong Kong virtual banking licenses have been a bit of a mixed bag for the region, but nevertheless, it’s gotten a lot of attention. To date, four licensees will be ready to go to market ... ( read original story ...)
Virtual banks cannot rely on one-size-fits-all model in Singapore: OCBC CEO
SINGAPORE - Fintechs seeking inroads here as a "digital-only bank" cannot operate on a one-size-fits-all basis if they are to compete in a well-banked environment in Singapore, OCBC's group chief ... ( read original story ...)
UOB launches online utility marketplace to help customers save on bills
The UOB Utility Marketplace is Singapore’s first online utility marketplace provided by a bank, UOB said in a press release on Monday, May 6. Customers can search and to sign up for the best deals for ... ( read original story ...)
UOB creates Singapore’s first online utility marketplace
United Overseas Bank (UOB) has launched Singapore’s first online utility marketplace provided by a bank. The UOB Utility Marketplace will allow customers to search and sign up for the best deals for ... ( read original story ...)
Singapore Studying Whether to Allow Digital-Only Banks
the Monetary Authority of Singapore said Tuesday. “MAS is studying whether to admit such digital-only banks with non-bank parentage,” the financial regulator said in an emailed reply to questions from ... ( read original story ...)