Unusual Group launches S$19.4m IPO via placement

Read also: How Kimly brewed its way to Singapore's first 'kopi-o IPO' The firm organises and promotes events such as concerts, mostly in Singapore. For the financial year ended December 2015, its net profit leapt to S$4.1 million from S$337,000 the year ... ( read original story ...)

ExxonMobil says in talks to buy Singapore's Jurong Aromatics

SINGAPORE (Reuters) - ExxonMobil said on Wednesday it is in ... Thomson Reuters publication Project Finance International reported on Tuesday. Borelli Walsh had been appointed the receivers and managers of JAC by lender BNP Paribas. Lotte Chemical Corp ... ( read original story ...)

Standard Chartered hires from ANZ in Singapore

As ANZ cuts back, Standard Chartered has bolstered its structured finance team in Singapore. http://news.efinancialcareers.com/sg-en/278365/launched-singapore-private-equity-firm-aged-26/ Standard Chartered has been hiring for its structured finance team ... ( read original story ...)

Citibank, Diners Club, Virgin Money overhaul credit card points

Citi Rewards Platinum: 3 Citibank Rewards will equal one Singapore Airlines KrisFlyer mile for Platinum cardholders, compared to the 2.5:1 conversion rate currently in place. Citi Signature: Converting points to KrisFlyer sees the current 2:1 exchange rate ... ( read original story ...)

Singapore manufacturing posts faster expansion in March

Thanks to higher new orders and new exports. The March reading of the Singapore Purchasing Managers’ Index (PMI) recorded an increase of 0.3 point from the previous month to record a faster expansion rate at 51.2. According to the latest figures from ... ( read original story ...)

HSBC Singapore becomes a ‘direct life insurer’

According to guidelines issued by the Monetary Authority of Singapore (Mas), a Tier 1 insurer is defined as a direct life or composite insurer with total assets of at least S$5bn (£2.8bn, $3.6bn, €3.3bn), that is subject to higher corporate ... ( read original story ...)

How DBS manages to keep tech cost down

It has been insourcing people. DBS Group Holdings Ltd (SGX: D05) is going digital and the results are beginning to show. For 2016, DBS Group’s total income was $11.5 billion, an increase of 6% year on year. Interestingly, profit before allowances grew at ... ( read original story ...)

HSBC Insurance becomes Tier-1 insurer

HSBC Insurance (Singapore) has become a Tier-1 insurer under the Monetary Authority of Singapore. This means it has met certain requirements: A direct life or composite insurer with total assets of at least $5 billion. Tier-1 insurers are subject to higher ... ( read original story ...)

Standard Chartered has been poaching from ANZ in Singapore

As ANZ cuts back, Standard Chartered has bolstered its structured finance team in Singapore. http://news.efinancialcareers.com/au-en/278365/launched-singapore-private-equity-firm-aged-26/ Standard Chartered has been hiring for its structured finance team ... ( read original story ...)