Dilhan Pillay Sandrasegara will succeed Ho Ching, wife of Singapore’s prime minister Lee Hsien Loong, as CEO and executive director of Temasek Holdings in October. ( read original story ...)
Citi can’t get back $500M wrong payout
MANHATTAN: Citigroup is on the hook for almost $900 million in mistaken payments it sent out, according to a US judgment that called the debacle “one of the biggest blunders in banking history.” The ... ( read original story ...)
RailTel IPO subscribed 2.8 times on Day 2 so far
The Rs 820 crore IPO by state-run RailTel Corporation of India was subscribed 2.8 times on the second day of the bidding process so far. By 10:20 am, the issue had received bids for 16,97,32,595 ... ( read original story ...)
Singapore’s virtual bank licences could provide template for SE Asian region
Virtual bank licences have been something of a work in progress in Singapore over the past few years, and despite the pandemic, this process has remained on track. In June last year, the Monetary ... ( read original story ...)
Singapore Budget 2021: Electric vehicles to go the extra mile with $30m support from govt
One sector that has definitely emerged stronger from the Budget 2021 announcement would be electric vehicles. Find out what initiatives there are in place for Singaporeans who wish to adopt a greener ... ( read original story ...)
Here are the Winners and Losers From Singapore’s Smaller Budget
Singapore’s relatively smaller annual budget targeting just a few sectors of the country’s pandemic-hit economy for support will do little to significantly boost the country’s lagging stock market -- ... ( read original story ...)
All You Need To Know Going Into Trade On February 17
Yield on the benchmark 10-year treasuries touched 1.33% - the highest since February 2020. Benchmark indices in Japan, South Korea and Australia are trading with losses this morning. Chinese equities ... ( read original story ...)
RailTel IPO subscribed 2.6 times on Day-1 led by retail investors
The issue received bids for 16.14 crore equity shares against the offer size of over 6.11 crore shares, according to the data available on the exchanges.RailTel had on Monday raised ₹243.99 crore from ... ( read original story ...)
RailTel IPO Fully Subscribed on Day 1, overall 2.64 times
RailTel Corporation of India Limited ("RailTel"), one of the largest neutral telecom infrastructure providers in the country, received bids of 16,13,30,820 shares against the offered 6,11,57,360 ... ( read original story ...)
RailTel IPO Subscribed 2.64 Times On First Day
The initial public offer of telecom infrastructure provider RailTel Corporation of India was subscribed 2.64 times on the first day of subscription on Tuesday. The Rs 819.24-crore offer received bids ... ( read original story ...)
Indonesian banker to helm country’s new sovereign wealth fund
Fund's aim is to attract foreign funds into infrastructure and other projects and grow to US$100 billion.. Read more at straitstimes.com. ( read original story ...)
Singapore: Economy forecast to expand 5% in 2021 – UOB
UOB Group’s Economist Barnabas Gan comments on the latest GDP data in Singapore. “Based on the final print by the Ministry of Trade and Industry (MTI), Singapore’s 4Q20 GDP contracted 2.4% y/y, ... ( read original story ...)
Number of unauthorised online banking and card transactions in Singapore jumps 460% in 2020
Many victims were tricked into revealing their user IDs, passwords, OTPs or credit card details.. Read more at straitstimes.com. ( read original story ...)
EMERGING MARKETS-S. Korea won, stocks rally on vaccine cheer; Singapore budget awaited
The Singapore dollar edged up on Tuesday ahead of the city-state's 2021 budget, while South Korea's won and stocks extended their rally on plans to vaccinate the entire country's population. By Feb 16 ... ( read original story ...)
PolicyBazaar Close To Finalising Bankers For IPO At $3.5 Bn Valuation
PolicyBazaar is expected to dilute up to 15% stake through the IPO and is said to be seeking a valuation of almost $3.5 Bn ... ( read original story ...)
Singapore sets aside over $8 billion in 2021 budget for new Covid support package
Finance Minister Heng Swee Keat said the funds will be used to support Covid vaccination efforts and economic segments hit hard in the pandemic. ( read original story ...)