A paper by the bank says Asean can benefit from worldwide shifts in near-shoring and investment, though intra-region challenges remain Read more at The Business Times.
Singapore’s GIC Seeks Damages From Automaker NIO in U.S. Suit
GIC filed a U.S. lawsuit seeking damages from NIO, alleging that the Chinese electric-vehicle maker inflated the value of its securities.
UOB projects Asean inbound FDIs to grow to US$370 bil by 2030; Asean ‘more relevant than ever’, says CEO Wee
The estimate, shared at UOB’s Gateway to Asean conference on Oct 16, comes as the region emerged as a key beneficiary from the shift in global supply chains.
CLI-managed Extra Space Asia investing nearly $100 mil to develop Kaki Bukit site, acquire three Tokyo facilities
Tim Alpe, managing director and head of Extra Space Asia, says his team aims to grow ESA’s portfolio to $2 billion by 2028.
Singapore’s DBS, Banque Saudi Fransi join forces to boost payment flows across Asia, GCC
DBS Group, the largest bank in Southeast Asia, said on Thursday that it has partnered with Riyadh-based Banque Saudi Fransi to strengthen trade finance and payment flows between Asia and Saudi Arabia.
DBS and Banque Saudi Fransi to work together on trade finance and payment flows between Asia and Saudi Arabia
Under the MOU, DBS and BSF will provide trade financing solutions such as letters of credit, bankers’ guarantees and trade loans to each other’s clients.
CLI’s self-storage unit invests close to S$100 million in Singapore flagship project; acquires 3 Tokyo facilities
When completed, the Singapore facility will expand ESA’s portfolio in the city to 13 properties with more than 1.5 million sq ft of gross floor area Read more at The Business Times.
Higher income eligibility cap for MOE financial aid schemes, bigger transport subsidies for students
SINGAPORE: Higher income eligibility ceilings across financial assistance schemes offered by the Ministry of Education (MOE), and bigger transport subsidies for primary and secondary students from ...
Capital Group offers DBS/POSB customers access to world’s largest multi-asset strategy from $1,000
Launched in 1975, Capital Group American Balanced strategy is the world’s largest multi-asset strategy, managing US$258 billion. Capital Group is waiving upfront costs for DBS/POSB customers.
DBS CEO Tan Su Shan’s one big lesson for getting through Trump’s tariffs: ‘Diversify’
DBS CEO Tan Su Shan took on the top job just before an economic storm struck. The veteran of the Singapore-based bank, Southeast Asia’s largest, assumed the role in March, just a few days before U.S.
Industrial property developer Soon Hock Enterprise opens 8.6% above IPO price in mainboard debut
[SINGAPORE] Industrial property developer Soon Hock Enterprise debuted on the mainboard of the Singapore Exchange (SGX) on Thursday (Oct 16), opening 8.6 per cent or S$0.05 above its initial public ...
Industrial property developer Soon Hock IPO 9.8 times subscribed
[SINGAPORE] Industrial property developer Soon Hock on Wednesday (Oct 15) said that its 21.6 million shares on offer were 9.8 times subscribed. Its Singapore public offer of 2.8 million shares were 16 ...
Singapore firms commit S$5.5 billion of investments to SEZ in Johor; Malaysia unveils new steps to woo investors
Malaysia Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz announces fast-track licences for manufacturing projects and a bigger kitty for government co-investment that can be tapped by ...
Industrial property developer Soon Hock IPO 9.8 times oversubscribed
[SINGAPORE] Industrial property developer Soon Hock on Wednesday (Oct 15) said that its 21.6 million units on offer were 9.8 times subscribed. Its Singapore public offer of 2.8 million shares were ...
Former UOB employee convicted of giving scammer data on over 1,000 customers
A former UOB employee was convicted on Oct 14 of multiple charges following the disclosure of information on more than 1,000 customers to a scammer.Cao Wenqing, 30, was convicted of 14 charges under ...
Trust Bank offers US trading options, the first S’pore digital bank to do so
Trust Bank is the first digital bank in Singapore to offers US stock trading options. Read more at straitstimes.com. Read more at straitstimes.com.