Singapore will extend a partial lockdown until June 1 to curb a sharp rise in coronavirus infections in the city-state, Prime Minister Lee Hsien Loong said on Tuesday. The measures, which include the ... ( read original story ...)
Over 17,000 bank customers seek to defer mortgage payments
Singapore saw more than 17,000 bank consumers applying for a deferment of their ... Maybank shared it received around 2,000 applications for a mortgage moratorium. Citibank, Standard Chartered and ... ( read original story ...)
DBS’s Gupta pans banks’ dividend cuts, sees Covid-19 as threat to all
Piyush Gupta, head of Singapore’s DBS Bank, tells Euromoney that scrapping dividends now is a mistake, discusses the mental stress of working from home, and says a multi-year recovery will hit banks ... ( read original story ...)
Asia Today: India, Singapore see record numbers of new cases
India and Singapore announced their biggest single-day spikes in new coronavirus cases on Monday, as the crisis intensifies in parts of Asia. India's spike came after the government eased one of the ... ( read original story ...)
ABN Amro Files Claims Against Singapore’s Troubled Oil Firm
ABN Amro Bank NV has become the latest lender to make a claim against a Singapore oil trading giant that filed for protection from creditors amid a plunge in oil prices. ( read original story ...)
Coronavirus: Local banks committed to interest rate between 2% and 3% for SME lending with new MAS facility
Over at United Overseas Bank (UOB),the head of group business banking Lawrence Loh noted that the value of loans provided to businesses with turnover of less than $20 million increased by 3.5 times ... ( read original story ...)
Chinese holographic AR firm WiMi IPOs, sees real profit in virtual future
The coronavirus lockdown turned WiMi’s IPO roadshow into an all-digital affair – although that may have done ... it turned out to be something of a damp squib for the founders of a company whose early ... ( read original story ...)
Merkel Warns of Relapse Risk; Singapore Cases Soar: Virus Update
Daily infections in Singapore topped 1,000, while rival financial hub Hong Kong had no new cases for the first time since March. Cases rose the least this month in Germany and the government eased ... ( read original story ...)
Why Citibank just slashed their price target on AMP
Citibank though, appears decisively more sceptical than AMP management ... pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in ... ( read original story ...)
COVID-19: OCBC To Offer S$1B In Gov’t-Assisted Loans To SMEs As Applications Spike 10 Times
The S$1B loan amount will exceed that of what OCBC Bank had lent to small businesses during the 2008-9 Global Financial Crisis. Many of these businesses applying for support are from the manufacturing ... ( read original story ...)
Chinese cancer drug firm Akesobio’s US$330 million IPO – Hong Kong’s largest this year – is oversubscribed 639 times by city’s investors
IPOs by Alphamab Oncology and InnoCare Pharma ... senior health care analyst at Singapore-based investment bank UOB-Kay Hian. “Drug developers should be evaluated by their overall capabilities. While ... ( read original story ...)
Asia Today: India, Singapore see record highs in new cases
Singapore now has the highest number of cases in Southeast ... JAPANESE EXPORTS SINK: Japanese exports sank 11.7% in March as the pandemic slammed auto shipments to the U.S. The Finance Ministry said ... ( read original story ...)
Forerunners, stars, and budding newcomers in Asean’s corporate governance scene
Singapore followed closely and introduced ours in 2001 ... They introduced their CG Code in the last 5 to 8 years, in time to catch on with the IPO fever which sees many of their larger ... ( read original story ...)
Coronavirus pandemic could weigh on mergers, IPOs longer than Sars, deal makers say
As the severe acute respiratory syndrome (Sars) epidemic reached its height in 2003, corporate finance activity fell sharply with the volume of initial public offerings (IPO) dropping to levels not ... ( read original story ...)
Singapore Cases Keep Rising; Europe Outbreak Eases: Virus Update
Signs of easing in the global pandemic emerged as hot spots in Europe reported the smallest increases in fatalities in weeks, while New York appeared to be “on the other side” of the outbreak.The Worl ... ( read original story ...)
Singapore oil trader hid US$800 million of losses before collapse that stuns lenders including HSBC, DBS
The trader’s troubles have rippled through the oil trading community in Singapore, one of the world’s most important oil markets and the biggest ship fuelling hub. Asian banks from DBS to HSBC are ... ( read original story ...)