DBS CEO Tan Su Shan disposed of the shares at $60.12 apiece on May 15. Following the disposal, Tan’s stake in DBS fell to 0.48% from 0.52% previously.
OCBC’s Lim maintains ‘hold’ on SingPost; awaits operational improvements
A turnaround towards commercial sustainability will take time and upfront investments, supported by financial discipline, and management’s ability to execute will be key' ...
GIC-Backed JustCo Seeks to Raise $78.1 Million in Singapore IPO
SINGAPORE--Workspace operator JustCo plans to raise around US$78.1 million in an initial public offering, as it looks to expand its overseas operations. The company, backed by Singapore ...
UOB to sell property interests worth $387 mil in Novena Square to SingLand and former Faber House to UOL Group
The deal values Novena Square at nearly $1.5 billion. United Overseas Bank is selling properties worth some $387 million to related parties as part of its capital reallocation mov ...
IHH, DBS sign $196 million loan for safer antibiotic use
(Corrects to say $196 million, not $194 million, in the headline to align with the currency conversion in the lead paragraph) SINGAPORE, May 15 (Reuters) - IHH Healthcare has signed a S$250 million ...
DBS, City Developments tie new loan to biodiversity goals
In a move highlighting the growing integration of biodiversity goals into mainstream corporate finance, DBS and City Developments Limited (CDL) have launched a S$300 million (US$234 million) ...
Singapore’s 2nd richest man Kwek Leng Beng’s CDL secures $234M sustainability-linked loan from DBS
City Developments, controlled by Singapore’s second-richest man Kwek Leng Beng, has secured a new S$300 million (US$234 million) multicurrency sustainability-linked loan (SLL) from lender DBS.
Stocks to watch: Keppel, SingLand, UOL, UOB, ST Engineering, SIA, Lendlease Global Commercial Reit
SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (May 18): Read more at The Business Times.
Singapore court grants winding up bids for three entities linked to 1MDB scandal, liquidators say
KUALA LUMPUR, May 15 (Reuters) - The Singapore High Court has granted winding up applications filed for three entities incorporated in the British Virgin Islands and linked to the multibillion-dollar ...
Singapore a ‘trusted partner’ in shaping regional trade rules, says UK’s investment minister
There is growing interest from Singaporean investors in priority areas such as venture capital for emerging technologies and infrastructure, says Jason Stockwood Read more at The Business Times.
DayOne plans dual IPO in Singapore and US, FT reports
May 17 (Reuters) - Global data centre operator DayOne, affiliated with China's GDS Holdings, is planning to list simultaneously in Singapore and the U.S. in a move that is set to raise $5 billion, the ...
CDL secures $300 mil DBS sustainability-linked loan tied to nature targets
Since 2017, we have secured over $11 billion in sustainable financing (Photo: CDL)Singapore-listed property group City Developments Limited (CDL) has secured a new $300 million multi-currency ...
JustCo targets S$100 million mainboard IPO to expand into existing and new markets
The GIC-backed company is set to be the second to list on the SGX mainboard this year Read more at The Business Times.
Singapore banks fight for bigger slice of wealth management pie
In a world of low interest rates and stiffer banking regulations on capital, the wealth management business has become more than just a source of diversification for banks.
Not mandatory for most investors to seek advice for complex products like investment-linked policies
Most retail investors can now opt in or out of financial advice for complex products, with enhanced disclosures for informed decisions. Read more at straitstimes.com. Read more at straitstimes.com.
Standard Chartered, Singapore Gulf Bank Deepen Cross-Border Clearing Ties
Standard Chartered, Singapore Gulf Bank Deepen Cross-Border Clearing Ties. Standard Chartered forges clearing relationship with Singapore Gulf Bank to smooth ME-Asia paymentsStandard Chartered has est ...