SINGAPORE - Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) reported on Friday (Aug 2) a stronger-than-expected 14 per cent year-on-year jump in second quarter net profit and said ...
OCBC’s ‘stable’ NPL ‘eased some concerns’ about S’pore banks’ CRE exposure: Citi
Compared to the two other major Singapore banks, OCBC’s exposure in Hong Kong office CRE is the highest, at 2% of its total loan book compared to DBS’s 0.6% and United Overseas Bank U11 -0.19% ’s (UOB ...
How Singapore become a data center hub despite its small size, expensive energy, and hot climate
Singapore is a tropical city-state with barely a quarter the land mass of Rhode Island. It may be the worst place on the planet to build data centers: land is scarce, energy is ex ...
$900m to beef up bus services is much-needed investment so let’s make most of it
New enhancement programme marks biggest injection of funds into public buses in a decade. Read more at straitstimes.com.
Ola Electric IPO subscribed 16% so far on first day of bidding process. Check GMP and other details
Ola Electric's IPO saw 16% subscription in the initial two hours, driven by retail investors. With a fresh issue of Rs 5,500 crore, founder Bhavish Aggarwal will sell 37.9 million shares. Analysts are ...
Afcom Holdings IPO Day 1: Issue subscribed 2 times so far; Latest GMP, subscription status, other key details of SME IPO
Afcom Holdings IPO price band is set at ₹102 to ₹108 per share and at the upper end of the price band, the company plans to raise ₹73.83 crore from the book-built issue.
OCBC Q2 profit up 14% to $1.94 billion, dividend of 44 cents declared
SINGAPORE – OCBC Bank’s earnings climbed in the second quarter on the back of strong growth in fee, trading and insurance income, as well as a decline in allowances. Net profit for the second quarter ...
HashKey OTC Secures Major Payment Institution License from Singapore’s MAS
HashKey OTC announced Friday that it received a Major Payment Institution (MPI) license from Singapore's regulatory authority.
Hong Kong crypto group’s trading arm gets S’pore digital asset licence
HashKey Technology Services will be able to beef up its crypto trading offerings with the full licence. Read more at straitstimes.com.
MAS sets up review group to boost the development of Singapore’s stock market
New listings on the Singapore Exchange (SGX) have been dwindling, and there has been a steady stream of delistings over the years.
Singapore’s monetary authority sets up review group in bid to revive its equities market
The group will focus on addressing market challenges, fostering listings, and facilitating market revitalization, as well as enhancing regulations to facilitate market growth and foster investor ...
Singapore’s unemployment rates fall in June: ministry
Singapore's unemployment rate fell to 2.8% by June, according to labor market data issued last week.
Indian in Singapore sentenced to 14 week’s jail for multiple crimes
Indian-origin human rights lawyer of Singapore M Ravi has been sentenced to 14 weeks' jail and charged SGD 5,500 ($4,120) fine for a series.
WeRide Merges Into Crowded Field Of Autonomous Driving IPOs
That said, the WeRide IPO is notable for its very star-studded cast ... It has autonomous driving permits for its fleet of robotaxis in China, Singapore, the United Arab Emirates and the U.S., and ...
Ola Electric to raise $734 mln in India’s biggest IPO this year
A term sheet for the IPO, which will run from Aug. 1 to Aug. 6, puts a value of $4 billion on the company, which sold its first scooter in 2021. That valuation is about 25% lower than Ola's last ...
India’s First Unicorn Sets Sights on IPO After Returning Home
Mobile-advertising firm InMobi Pte is planning to go public in India in the second half of next year, seeking to capitalize on a booming stock market in the world’s fifth-largest economy.