The agreement ended years of speculation over OCBC’s acquisition strategy in Indonesia, one of its four key markets. It also marked Chief Executive Officer Helen Wong’s first takeover since she took ...
OCBC to buy Indonesia’s Bank Commonwealth for $192 million
SINGAPORE - A subsidiary of OCBC will pay A$220 million (S$192.3 million) upfront to acquire Bank Commonwealth – the Indonesian subsidiary of the Commonwealth Bank of Australia (CBA). CBA on Thursday ...
Commonwealth Bank of Australia to sell 99% stake in Indonesian unit to OCBC
Commonwealth Bank of Australia (CBA) said on Thursday it has agreed to sell a 99 per cent stake in its Indonesian unit PT Bank Commonwealth (PTBC) to a local unit of Singapore's second-largest bank ...
OCBC Indonesia to buy over Commonwealth Bank’s stake in Indonesian subsidiary for A$220 mil
The Indonesian subsidiary of Oversea-Chinese Banking Corporation, PT Bank OCBC NISP Tbk (OCBC Indonesia), has agreed to buy Commonwealth Bank of Australia’s (CBA) 99% stake in CBA’s Indonesian banking ...
Crypto platform Paxos gets in-principle approval to issue stablecoins in Singapore
CRYPTO platform Paxos has received in-principle approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services under its Singapore entity, the company said on Thursday ...
Safecom Mobile Partners With Durabook to Reach More Customers Across Southeast Asia
Safecom Mobile, distinguished for its integrity and professionalism, specialises in distributing high-quality, innovative products from well-known manufacturers. Their range of computing and ...
Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations
Paxos, a cryptocurrency brokerage firm, has received a preliminary license from regulators to offer digital payment token services in Singapore, the company said Wednesday in a statement.
Singapore central bank sees regulation and innovation going together in the Web3 world
Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore, said this has manifested into projects, products and public consultations — all of which are the "right way to move ...
There will be a BTS pop-up store at Cineleisure with Singapore-exclusive merchandise and photo-taking spots
The Space of BTS pop-up store will be happening from Nov 25, 2023 to Jan 21, 2024. This audio is generated by an AI tool. Get ready to light it up like dynamite for two months as there'll be a BTS pop ...
Singapore to Add Layer of Scrutiny to Significant Investments With New Bill
Once the bill passes, Singapore will join such countries as China, Japan, the U.S., Australia and the U.K., which have comparable investment regulations. Singapore has introduced a new Significant ...
Singapore Shares Predicted To Open In The Green
The Singapore stock market on Wednesday ended the two-day losing streak in which hit had fallen more than 30 points or 1 percent. The ...
Singapore to pilot use of wholesale CBCDs in 2024: Menon
MAS is also rolling out GPRNT.AI, an ESG data platform for financial institutions. Singapore will be piloting the live issuance and use of wholesale central bank digital currencies in 2024, a top ...
7 Takeaways From President Tharman Shanmugaratnam’s Fireside Chat At The Singapore FinTech Festival (SFF) 2023
The current technology revolution with AI will not only have a faster impact but also be more disruptive to cognitively skilled workers.
Iconic Canadian coffeehouse chain Tim Hortons to open first Singapore outlet on Nov 17
The first 100 daily customers from Nov 17 to 19 at its Vivo City outlet will get a free weekly regular-sized cafe latte, for a whole six months.
Singapore develops generative AI risk framework
The Monetary Authority of Singapore has brought together banks and tech firms to develop a generative AI risk framework and is now exploring how the technology can be used in the financial services ...
Gawker Sold to Founder of Singapore’s Caldecott Music Group: ‘It Has the Opportunity for Reinvention’ (EXCLUSIVE)
The twice-shuttered blog site has a new owner, who plans to bring the gossipy pop-culture brand back to life - but not in exactly the same way. Meng Ru Kuok, CEO and founder of Singapore-based ...