OCBC to increase its financing for serial entrepreneurs to S$5 billion by 2028, expanding a programme first launched in Singapore in 2019.
Stocks to watch: OCBC, SIA, SGX, GuocoLand, China Aviation Oil, Del Monte Pacific
SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 8): Read more at The Business Times.
NTT DC REIT seeks to raise US$773 mil in IPO, GIC to be substantial unit holder
The REIT will have over 1 billion units, and is set to be the largest REIT IPO on the SGX in more than a decade.
Standard Chartered faces $2.7 billion 1MDB lawsuit
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OCBC raises loan fund size to $5b and covers more territories in boost for serial entrepreneurs
It is extending its cash line beyond Singapore to Malaysia, Indonesia and Hong Kong. Read more at straitstimes.com. Read more at straitstimes.com.
OCBC to support serial entrepreneurs with $5 bil in loans by 2028
According to the bank, one in five entrepreneurs set up a second company a year after establishing their first, while most entrepreneurs set up a second company three years after their first.
UOB acknowledges penalty for anti-money laundering breaches
Two of its employees were reprimanded, it said in an SGX statement. United Overseas Bank Limited (UOB) said that it accepts the Singapore central bank’s decision to impose regulatory actions against ...
OCBC targets S$5 billion in loans to serial entrepreneurs by 2028
SINGAPORE] OCBC is aiming to extend an additional S$3.5 billion in loans to serial entrepreneurs in its core markets by 2028. Read more at The Business Times.
Singapore penalises nine financial institutions for AML breaches
In total, MAS has imposed composition penalties amounting to S$27.45m ($21.4m) on the FIs for violations of AML and CFT requirements.
Singapore makes big strides in the capital markets space
From digital asset pilot schemes to stock exchange linkages, Singapore has launched a number of new initiatives in the capital markets ...
UK and Singapore Explore Joint Developments in AI, Tokenisation and ESG
The 10th UK-Singapore Financial Dialogue discussed cooperation across digital finance, sustainable finance, capital markets, and more ...
MAS Fines UOB, Credit Suisse, UBS and Six Others S$27.45 Million for AML Breaches
MAS has imposed a total of S$27.45 million in penalties on nine financial institutions for breaches related to AML and CFT requirements.
Austrade, DBS Bank Boost Australian Expansion
Australian businesses are set to benefit from increased opportunities in Southeast Asia as international supply chains are being reshaped. The Australian Trade and Investment Commission (Austrade) and ...
Barclays Revamps Asia-Pacific Investment Banking Leadership Team
Barclays Plc made a series of key leadership changes at its investment banking division in the Asia-Pacific region following the appointment of Avinash Thakur as head of the business in May.
Great Eastern says Takeover Code not breached when it shared IFA valuation with OCBC
SINGAPORE] Great Eastern Holdings said that sharing the indicative range of share values determined by its independent financial adviser (IFA) with OCBC did not breach The Singapore Code on Take-overs ...
OCBC to roll out smart text resizing in its app in English, Chinese to help seniors
Users can choose from seven text sizes, which include larger options that are easier to read. Read more at straitstimes.com. Read more at straitstimes.com.