According to The Star report, GXS Bank, a joint venture between Grab Holdings and Singtel, reported a remarkable threefold increase in revenue, reaching S$14.3 million in 2023. Despite the surge in ...
Saudi Global Ports, co-owned by Singapore’s PSA, taps banks for up to $1.36 billion IPO: Sources
RIYADH - Saudi Global Ports has picked banks including Goldman Sachs Group and HSBC Holdings to help arrange a planned Riyadh initial public offering (IPO), according to people familiar with the ...
Reversing The Flow: How Nubank’s Expertise Could Redefine Digital Banking Competition In Southeast Asia
For years, digital banking in Asia has operated on a seemingly straightforward axis either innovation or inclusion. With Nubank and Tyme, that could all change.
Singapore stocks traded lower on Thursday morning—STI dropped 0.9%
SINGAPORE: Singapore stocks traded lower on Thursday morning, following losses in Asian markets after the US Federal Reserve signalled fewer interest rate cuts for 2025. The Straits Times Index (STI) ...
Singapore digital banks struggling for profits
Digital banks have been up and running for about two years here but turning a profit remains as elusive as ever.
Annual Standard Chartered Singapore Marathon draws around 13,000 international runners from 84 countries
This year's Standard Chartered Singapore Marathon is seeing an upward trend in international participation. Around 13,000 people from more than 80 countries joined the run, making it the highest since ...
SGX’s 4 IPOs in 2024 lowest in over a decade, but outlook is bright for 2025: Report
More healthcare and real estate sector listings are expected in 2025, said PwC. Read more at straitstimes.com.
OCBC appoints Lian Wee Cheow as non-executive director
In addition to his new appointment, Lian is also currently the vice chairman of the Singapore International Foundation.
SGX’s 4 IPOs in 2024 is the lowest in a decade, but outlook is bright for 2025: Report
More healthcare and real estate sector listings are expected next year, said PwC. Read more at straitstimes.com.
Singapore’s wealth fund invests $150m in AHH
Singapore's sovereign wealth fund, the Government of Singapore Investment Corporation (GIC), will invest $150m in India-based Asia Healthcare Holdings (AHH), acquiring a majority stake in the venture.
Grand Venture Technology rides semicon recovery by investing ‘ahead of the curve
Originally focused on back-end semiconductor manufacturing, including wire bonding and chip testing, GVT now also offers front-end services, a market said to be ten times larger than the back-end.
Bain-backed chipmaker Kioxia’s shares rise in market debut
SINGAPORE (Reuters) -Shares of Kioxia rose 3% in their market debut on Wednesday, valuing the Bain-backed chipmaker at 807 billion yen ($5.25 billion). Kioxia, a major manufacturer of memory chips, ...
Singapore’s digital banks say they serve a niche, need time to turn profits
GXS Bank, MariBank and Trust Bank reported a rise in total income in 2023 but fell deeper into the red. Read more at straitstimes.com.
DAM Capital Advisors IPO: From financials to key risks – Here are 10 key things to know from RHP
DAM Capital Advisors IPO opens for subscription on December 19, closing on December 21. Valued at ₹840.25 crore, the IPO offers 2.97 crore shares priced between ₹269- ₹283. Retail investors can invest ...
Daily Cuts – Will Singapore’s NODX rebound be sustained going into 2025?
Singapore Today's Lance Alexander and Justine Moss speak with Jeff Ng, Head, Asia Macro Strategy, Sumitomo Mitsui Banking Corporation, about what could have led Singapore's non-oil domestic exports to ...
DBS forecasts strong growth for suburban retail Reits in 2025, names its top picks
SINGAPORE’S suburban real estate investment trusts (Reits) are poised for growth next year, although there is a temporary risk in the form of retail business flowing to Johor Bahru (JB) by way of the ...