The end of a lock-up period after a new listing is often a triumphant time when pre-IPO investors can cash out and book profits. For Didi Global Inc., whose shares have lost more than half of their ... ( read original story ...)
Singapore central bank studies options to enhance VCC framework
Singapore’s central bank is studying possible options to enhance the Variable Capital Companies (VCC) framework, including conversion of existing fund structures, to bolster the city state’s position ... ( read original story ...)
UnionBank to buy Citi’s retail unit
UNIONBANK of the Philippines, Inc. will buy the local consumer unit of Citigroup, Inc. for P55 billion, in a deal that could boost the local lender’s retail banking segment. ( read original story ...)
OCBC cautions public about SMS scams after customers lose $140,000 in 10 days
Scammers send SMSes purportedly from the bank claiming there are issues with customers' bank accounts or credit cards. . Read more at straitstimes.com. ( read original story ...)
Phunware Announces Partnership with PrimusTech to Integrate Mobile Smart Solutions in Asia
Phunware Announces Partnership with PrimusTech to Integrate Mobile Smart Solutions in Asia. AUSTIN, Texas, Dec. 23, 2021 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ: PHUN) (the “ ... ( read original story ...)
Record 89 of 322 new COVID cases in Singapore imported; 2 deaths
The figure is the highest reported in a day since the start of the pandemic here, overtaking the previous high of 76 such cases a day before.. ( read original story ...)
322 new COVID-19 infections in Singapore, including record 89 imported cases
SINGAPORE: Singapore reported 322 new COVID-19 cases on Thursday (Dec 23), of which 89 are imported, setting a record high for the second day in a row. There are also two fatalities, taking the ... ( read original story ...)
At least 10 major Singapore companies have new chiefs this year
This year saw a bumper crop of at least 10 major companies in Singapore shaking up their top leadership with changes to their chief executive officer (CEO) postings. . Read more at straitstimes.com. ( read original story ...)
World Bank and Singapore Space & Technology launch Digital Earth Partnership Technology Challenge on Urban Heat
Singapore Space & Technology Limited (SSTL) announces the second year of its partnership with the World Bank Group, to organize a Digital Earth Partnership Technology Challenge focused on the ... ( read original story ...)
Indian student in Singapore, allegedly part of money laundering ring, sentenced to six months in jail
An Indian student in Singapore was on December 23 sentenced to six months in prison after he pleaded guilty to a charge each of conspiring to carry on the business of an unlicensed payment service and ... ( read original story ...)
Money mule from India-based money-laundering syndicate with Canadian victims jailed in Singapore
SINGAPORE: A man who came to Singapore from India to pursue a diploma was roped into a money-making scheme by a flatmate that turned out to be a money-laundering chain by a cross-border syndicate ... ( read original story ...)
Monetary Authority of Singapore fails to approve 100 licenses
Monetary Authority of Singapore, which noted that 103 companies dealing in digital assets in Singapore have failed to obtain their licenses. ( read original story ...)
19 spots up: Singapore’s stellar recovery on Bloomberg’s COVID Resilience Ranking
In April this year, Bloomberg declared Singapore “ the world’s best place to be during Covid ”. That didn’t last. A scant six months later, the Republic’s ranking had plummeted to 39th, its lowest yet ... ( read original story ...)
Singapore pushes for water independence as temperatures rise
The tiny city-state, which imports water from Malaysia, has set its eyes on self-sufficiency. Climate change has added new urgency to the situation. ( read original story ...)
LG Energy, LIC lead big IPOs to watch in Asia next year
The queue of jumbo listings in Asia next year includes the world’s second-largest battery maker in Seoul and an insurer with more than 1.2 million age ... ( read original story ...)
Binance’s regulatory setback in Singapore spurs shift in focus to Indonesia, Middle East
The world’s largest cryptocurrency exchange will wind down operations in the city-state. As some Asian governments try to balance regulation and investment, Dubai is ramping up plans to be a hub for ... ( read original story ...)