Sumitomo Life Insurance has agreed to pay US$1.21 billion to TPG for a substantial stake in a Singapore insurance company.
Singapore investment banking fees down 24% to $882 million in 2023: LSEG
It came as the value of M&A deals with Singapore involvement hit US$50.7 billion so far in 2023 – the lowest since 2013. Read more at straitstimes.com.
Sumitomo Life moves to own all of Singlife, valuing Singapore insurer at S$4.6 billion
It valued Singapore as a key part of its South-east Asia strategy and “expects the deal to strengthen the earnings of its international business portfolio”, according to the filing. Singlife chairman ...
Money No Enough: 7 Financial Expenses (And Rates) That Will Go Up in 2024
Some of the rate changes were planned for a two-step increase over two years, with residents facing higher expenses by 1H2024.
Japanese insurer Sumitomo offers to fully buy Singapore firm Singlife for $4.6 billion
SINGAPORE - In one of the largest insurance deals in the region, Japanese insurer Sumitomo Life Insurance Company will fully acquire local insurer Singapore Life Holdings (Singlife) for $4.6 billion.
Sumitomo Life to Buy Stake in Singapore Insurance Business for S$1.6 Billion
By P.R. Venkat Sumitomo Life Insurance has agreed to pay 1.6 billion Singapore dollars (US$1.21 billion) to TPG for a substantial stake in a ...
Singapore stocks open higher on Friday; STI up 0.4%
SINGAPORE stocks opened stronger on Friday (Dec 22), tracking ... US indices bounced back on Thursday, driven by bullish investment sentiments amid moderating inflation. The Dow Jones Industrial ...
Former Swiss banker admits helping wealthy US taxpayers hide assets in Singapore and elsewhere
Rolf Schnellmann, the former head of Allied Finance Trust, is one of six people charged in September 2021. Read more at straitstimes.com.
SGX Dividend Opportunity: Oversea-Chinese Banking Corp. Offers Impressive Yield
Chinese Banking Corp. Ltd. (SG:O39) is a financial and banking services conglomerate that offers an attractive dividend yield of 6.25%. Popularly known as OCBC, the stock is an attractive choice for ...
Programmable or ‘purpose-bound’ money is coming, probably as a feature in central bank digital currencies
Interview As the tide of enthusiasm for cryptocurrency ebbs, new forms of digital currency are emerging, including something called purpose bound money (PBM) – digibucks that can only be spent in ...
Court freezes US$1.14bil in failed crypto fund’s assets
A court has ordered a US$1.14bil worldwide asset freeze on the founders of collapsed cryptocurrency hedge fund Three Arrows Capital, the Singapore-based firm’s liquidators said.
Singapore IPO climate to look up in 2024, but observers mixed on return of Reits, Spacs
SINGAPORE’S initial public offering (IPO) activity is expected to pick up in 2024, as interest rates fall and stock market valuations improve. Read more at The Business Times.
Woman harvested bank accounts that syndicates used to transfer S$3 million from 1,000 victims
Together with her acquaintances, Heng Pei Jing also attempted to "hijack" scam proceeds from a Malaysian scam syndicate, but the sum of about S$54,000 they obtained was frozen by the police.
Singapore is working on new legislation to treat data centers as critical infrastructure
Singapore is working to amend the state's Cybersecurity Bill, which was approved in 2018, to enforce new obligations for third-party companies providing crucial technology services. The ...
Former Swiss finance executive pleads guilty to tax evasion scheme that hid $60 million
Rolf Schnellmann helped conceal the income of U.S. taxpayer clients in offshore accounts in Switzerland, according to the New York federal prosecutors.
Singapore’s OCBC to launch $500m decarbonization fund
TOKYO -- Singaporean lender Oversea-Chinese Banking Corp. will create a fund of up to $500 million to finance decarbonization-related businesses in Southeast Asia, joined by an investment company ...