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Tag: banking

Posted on 16/05/2025

HSBC sees Japan, India, China as favoured in trade deal talks

SYDNEY] Japan, India and China are likely in “pole position” to secure a long-term trade deal with the US, while Singapore and Australia could also “unexpectedly race ahead,” according to Frederic ...

Posted on 16/05/2025

Singapore Marathon winner Geoffrey Yegon caught doping, denied US$45,000 prize

A search for the results on the Standard Chartered Singapore Marathon website now shows Uganda's Abel Sikowo as the winner, though organisers have not formally announced this.

Posted on 16/05/2025

2024 StanChart Singapore Marathon winner Geoffrey Yegon banned for doping

The Kenyan's urine sample from the Dec 1 race tested positive for synthetic steroid triamcinolone acetonide. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 16/05/2025

No plans for layoffs; HK$1.5 billion investment in Greater China to continue: OCBC’s Helen Wong

SINGAPORE] OCBC has no plans to implement “major” layoffs despite macroeconomic uncertainties arising from US tariffs, said the bank’s group chief executive officer Helen Wong on Friday (May 16). Read ...

Posted on 16/05/2025

DBS Group Research upgrades SIA Engineering to a buy on ‘compelling growth,’ raises target price

SINGAPORE] DBS Group Research upgraded SIA Engineering’s (SIAEC) stock to a “buy” from a “hold”, citing limited exposure to tariff-related factors, growth ahead, among other factors. Read more at The ...

Posted on 16/05/2025

MAS moves to streamline IPO process and expand investor access

The Monetary Authority of Singapore (MAS) has proposed streamlining prospectus requirements and broadening investor outreach channels for initial public offerings (IPOs) in an effort to enhance the ...

Posted on 16/05/2025

FalconX and Standard Chartered Announce Strategic Partnership

As FalconX continues to grow its global footprint, the partnership is expected to expand beyond banking into additional products and services tailored to the evolving needs of FalconX's and Standard ...

Posted on 16/05/2025

Singapore’s April exports rise 12.4% y-o-y, significantly higher than forecast

SINGAPORE: Singapore's non-oil domestic exports rose 12.4% in April from the same month a year earlier, government data showed on Friday, well ahead of analyst estimates and a bright spot for an ...

Posted on 16/05/2025

Singapore sovereign fund seeks CCI nod for a 2.14% stake in Groww

The investment is understood to be part of a larger funding round. This move comes as Groww is reportedly preparing for a potential initial public offering.

Posted on 16/05/2025

Mapletree Industrial Trust sells three Singapore properties for $535.3 million

It is the largest industrial transaction so far in 2025. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 16/05/2025

Genting Singapore sees a soft start to the year, but how will the rest of the year fare?

Genting Singapore (GENS) recently reported its 1QFY2025 ended Mar 31 results, which saw earnings declined by 41% y-o-y to $145 million. On a q-o-q basis, earnings grew 2%.

Posted on 16/05/2025

SATS to invest over S$250 million to upgrade ground, cargo capabilities at Changi Airport

The company said its investment will support Changi Airport's growing cargo volumes through to the mid-2030s, when the new Terminal 5 is projected to open.

Posted on 16/05/2025

Through multimillion-dollar port investments, Singapore’s largest privately held logistics firm wants to help countries

Sats commenced the modernisation of its current ground support fleet on April 1, with the goal of renewing and refurbishing about 40% of the current fleet.

Posted on 16/05/2025

Singapore’s GIC seeks approval from CCI for 2.14% stake in IPO-bound Groww

The proposed investment is part of Groww's broader plan to raise $200 million in pre-IPO funding and may double its valuation to $6.5 billion ...

Posted on 15/05/2025

Singapore’s GIC seeks CCI nod to acquire 2.14 pc stake in Groww

Singapore's sovereign wealth fund GIC has sought fair trade regulator CCI's approval to acquire a 2.14 per cent stake in Billionbrains Garage Ventures, the parent company of investment tech unicorn ...

Posted on 15/05/2025

Sats to invest over S$250 million to upgrade operations, cargo handling infrastructure at Changi Airport

SINGAPORE] Catering and ground handling company Sats announced on Thursday (May 15) that it will invest over S$250 million to upgrade its ground operations and cargo handling infrastructure at Changi ...

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