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Tag: banking

Posted on 02/09/2021

Singapore Rolls Out SPAC Rules as Global Scrutiny Rises

Singapore Exchange Ltd. has introduced a framework for blank-check companies to list in the city-state, the first Asian financial hub to host the vehicles whose popularity in global financial markets ... ( read original story ...)

Posted on 02/09/2021

Singapore Exchange cuts required SPAC market cap by 50% to $112m

The Singapore Exchange is cutting by half the minimum market capitalization required of special purpose acquisition companies, or SPACs, to list on the bourse, responding to concerns that the previous ... ( read original story ...)

Posted on 02/09/2021

UPDATE 1-Singapore Exchange targets SPAC hopefuls with relaxed rules

Singapore Exchange unveiled new rules allowing special purpose acquisition companies (SPACs) to list in the city-state, after easing some measures viewed as too strict by participants, as it seeks to ... ( read original story ...)

Posted on 02/09/2021

Singapore Exchange Launches SPAC Rules After Easing Some Proposals

Singapore Exchange unveiled new rules on Thursday to allow special purpose acquisition companies (SPACs) to list in the city-state, after rolling back some measures that were viewed as too strict by ... ( read original story ...)

Posted on 02/09/2021

Briton charged in Singapore in Wirecard-linked fraud

Citadelle, a Singapore business administration firm ... has been described as "unparalleled" in Germany by Finance Minister Olaf Scholz. The company's former chief executive Markus Braun and several ... ( read original story ...)

Posted on 02/09/2021

Commentary: Techies essential for Singapore to stay relevant as regional business hub

This could adversely impact Singapore’s status as a regional business hub. Prime Minister Lee Hsien Loong made a passing reference to this in his National Day Rally Speech on Sunday (Aug 29) when he ... ( read original story ...)

Posted on 02/09/2021

Singapore, Australia amongst four central banks to test cross-border digital payments platform

Central banks of Singapore, Australia, Malaysia, and South Africa will develop and test a shared platform to process cross-border digital currency transactions, bypassing the need for intermediaries ... ( read original story ...)

Posted on 02/09/2021

Two ex-UOB Kay Hian employees banned for giving false information to MAS

Two former senior employees of brokerage firm UOB Kay Hian were banned by Singapore's central bank after they were convicted earlier this year in the State Courts for offences involving dishonesty.. ( read original story ...)

Posted on 02/09/2021

Singapore Savings Bonds SSB October 2021 – Long Yield Continue to go Down

Here is a safe way to save your money that you have no idea when you will need to use it, or your emergency fund. The 10-yr and 1-yr Singapore Savings Bonds Rate since the first ... ( read original story ...)

Posted on 02/09/2021

Binance targeting IPO for US crypto exchange in three years, says CEO Zhao Changpeng

Global cryptocurrency exchange Binance is mulling an initial public offering (IPO) for its US business in the next three years, said its CEO Zhao Changpeng. “Binance.US is just going to do what ... ( read original story ...)

Posted on 02/09/2021

Singapore Exchange to issue easier rules for SPAC listings -sources

IPO fundraisings on SGX from January to late August fell to a six-year low of $239 million in Southeast Asia’s total tally of about $8.4 billion, placing Singapore behind Malaysia, Philippines, ... ( read original story ...)

Posted on 02/09/2021

Temasek-backed Oxford Nanopore, a Covid-19 test provider, to launch $4.59 billion London IPO: Sources

The deal will strengthen Britain's efforts to lure life science businesses to its main stock market.. Read more at straitstimes.com. ( read original story ...)

Posted on 02/09/2021

FOMO Pay Receives Regulatory Approval from Monetary Authority of Singapore

FOMO Pay, Fintech based in Singapore, has been approved by the Monetary Authority of Singapore (MAS) to operate three new regulated activities — Merchant Acquisition Service, Domestic Money Transfer ... ( read original story ...)

Posted on 02/09/2021

Hill Dickinson hires new trade and commodities specialist in Singapore

Law firm Hill Dickinson has appointed Devottam Sengupta as a partner in its marine and trade group, based in Singapore. Sengupta specialises in trade, receivables and commodities finance and has ... ( read original story ...)

Posted on 02/09/2021

STARTUP DIGEST: IPO-bound Paytm to create firm for payments business; Xiaomi completes business registration of EV unit

There were several important developments in the startup space on Wednesday. Here’s a wrap of the top startup headlines. IPO-bound payments company Paytm is looking to turn its payment aggregator ... ( read original story ...)

Posted on 02/09/2021

Olam secures US$5.2bn financing package to support operational overhaul

Singapore-headquartered agribusiness and commodities giant Olam International has secured US$5.2bn in financing across three loan facilities, as it presses ahead with a major operational overhaul. ( read original story ...)

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