Personal debt among young adults here has been rising during the Covid-19 pandemic, and the situation could worsen once interest rates start to rise. ( read original story ...)
HSBC to buy Axa’s Singapore insurance business
HSBC makes 90%t of its profit in Asia, says it plans to redouble efforts to seize more of the market in the region. ( read original story ...)
HSBC to acquire AXA Singapore, merge with HSBC Life
HSBC Insurance (Asia-Pacific), an indirect wholly-owned subsidiary of HSBC, has entered into an agreement to acquire 100% of the issued share capital of AXA Insurance (Singapore) for US$575 million. ( read original story ...)
HSBC to buy rival AXA’s Singapore insurance business for US$575 million in Asia wealth push
HSBC's insurance arm plans to buy the Singapore insurance business of its French rival AXA for US$575 million as it strengthens its focus on growth opportunities in Asia, particularly among the region ... ( read original story ...)
53 new COVID cases in Singapore, 9 unlinked
The Ministry of Health (MOH) on Monday (16 August) reported 53 new COVID-19 cases in Singapore, bringing the country's total to 66,225 infections. ( read original story ...)
Singapore doctor acquitted of molesting woman
An anaesthesiologist accused of molesting a woman at Mount Elizabeth Hospital in Orchard was acquitted of all charges on Monday (16 August) at the prosecution's application and midway through his ... ( read original story ...)
Singapore reports 48 new locally transmitted COVID-19 cases, 9 unlinked
SINGAPORE: Singapore reported 48 new locally transmitted COVID-19 infections as of noon on Monday (Aug 16), including nine with no links to previous cases. Thirty-two infections were linked to ... ( read original story ...)
Singapore doctor acquitted of molesting woman pharma sales rep
An anaesthesiologist accused of molesting a woman at Mount Elizabeth Hospital in Orchard was acquitted of all charges on Monday (16 August) at the prosecution's application and midway through his ... ( read original story ...)
HSBC snaps up Axa Singapore assets for $575 million in Asia expansion
HSBC currently ranks 10th in life insurance in Singapore, and does not have a health insurance business. The Asia-focused bank, like its peers, is battling poor returns from lending in a low interest ... ( read original story ...)
Ethereum most popular cryptocurrency amongst Singapore investors
Some 67% of personal investors in the country currently hold cryptocurrencies, with 78% owning Ethereum while 69% have Bitcoin, and 67% say the COVID-19 pandemic promoted them to invest more. ( read original story ...)
HSBC Inks US$575 Million Deal To Acquire AXA Singapore’s Insurance Assets
HSBC said that it has entered into an agreement to acquire 100% of AXA Insurance issued share capital in Singapore for US$575 million. ( read original story ...)
Singapore Property Market Booms Again as Home Sales Rebound
Singapore’s residential market rebounded the most in six months signaling the sector’s resilience as buyers anticipate pandemic restrictions easing. ( read original story ...)
DBS hits all-time high stock price of $31.47
This is the first time a stock traded above $31 per unit for one session. Stocks for the banking giant, DBS, traded at an all-time high of $31.74 on 11 August, Monday, the highest since 2 May 2018. ( read original story ...)
HSBC Buys AXA Singapore for $575 Million to Grow Asia Wealth
HSBC Holdings Plc agreed to buy AXA Singapore for $575 million in a push to build a global wealth hub in Singapore and fuel its expansion across Southeast Asia amid increasing tension in China.The ... ( read original story ...)
HSBC in agreement to buy AXA Singapore for $780 million
AXA Singapore is currently the eighth-largest life insurer in Singapore by annualised new premiums. . Read more at straitstimes.com. ( read original story ...)
HSBC grows Singapore wealth focus with Axa deal
HSBC has agreed to buy Axa’s insurance business in Singapore as Europe’s largest lender accelerates its investment in Asia as part of a years-long “pivot” to the region. The UK-based bank said on ... ( read original story ...)