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Tag: banking

Posted on 01/02/2024

Temasek-backed UST seeks to raise at least US$500 million in IPO

UST, a digital technology company backed by Singaporean state-owned investor Temasek Holdings, is exploring a US initial public offering and may seek to raise at least US$500 million, according to ...

Posted on 01/02/2024

Amer Sports prices IPO below range at $13 per share-source

Amer Sports , owner of the Arc'teryx, Salomon, and Wilson sports brands, priced its initial public offering (IPO) at $13 per share on Wednesday, below its indicated range of $16 to $18, a person ...

Posted on 01/02/2024

UOB seeks damages for losses from inflated loans

UOB is seeking to get S$92mil from Indonesian developer Lippo Marina Collection (LMC) over losses incurred from disbursing approximately S$182mil in inflated home loans.

Posted on 01/02/2024

IPO Market Outlook 2024: 3 Hot New Stocks Coming in Q1

Headquartered in Singapore, the company has reportedly hired Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) to lead its IPO. However, recent reports say the company, which continues to have a ...

Posted on 01/02/2024

UOB and China Council for the Promotion of International Trade (CCPIT) renew MOU to facilitate regional trade & investment

UOB and the China Council for the Promotion of International Trade (CCPIT) today signed an enhanced Memorandum of Understanding (MOU) to boost foreign investment and trade between China and Southeast ...

Posted on 31/01/2024

UOB and China Council for the Promotion of International Trade renew MOU to facilitate trade and investment in Asean

UOB and CCPIT first signed an MOU in 2012 and later renewed it in 2014. Since then, the partnership has helped numerous Chinese companies to explore business expansion opportunities in Southeast Asia.

Posted on 31/01/2024

Singapore stocks eke out gains with Fed rate guidance in focus; STI up 0.1%

SINGAPORE shares ended slightly higher on Wednesday (Jan 31), as investors awaited guidance from the Federal Reserve on the interest rate cut trajectory. Read more at The Business Times.

Posted on 31/01/2024

Job retrenchments in Singapore more than doubled in 2023: MOM’s advance labour market estimates

The number of retrenchments in Singapore more than doubled in 2023. What drove firms to cut more jobs in 2023? Find out.

Posted on 31/01/2024

Webull Singapore adds SGX-listed securities to brokerage offering

"By providing access to key financial markets in Mainland China, Hong Kong, the US, and Singapore, we hope to offer our clients in Singapore enhanced flexibility across their investment portfolios, ...

Posted on 31/01/2024

Webull Singapore to offer SGX listed products and securities to retail investors

Pte Ltd ("Webull Singapore"), an affiliate of the US trading platform, Webull Financial LLC, today announced the launch of SGX-listed products and securities offerings on its trading platform. The ...

Posted on 31/01/2024

11 new charges for money laundering accused who allegedly gave forged statements to UOB Kay Hian

Vang, who is listed as a Turkish national in his charge sheets, now faces 16 charges in total. Read more at straitstimes.com.

Posted on 31/01/2024

HSBC fined £57 million for ‘serious’ deposit protection failures

HSBC has been fined £57.4 million (S$97.6 million) for “serious failings” in protecting some depositors over several years, in the first penalty of its kind under British rules designed to protect ...

Posted on 31/01/2024

Singapore Investment Pledges Almost Halved to $9.5 Billion

Singapore said investment commitments last year slowed to S$12.7 billion ($9.5 billion) from a record S$22.5 billion in 2022, with authorities viewing the performance as a show of confidence in the ...

Posted on 31/01/2024

Singapore Alternative Lending Business Report 2023

DUBLIN, Jan. 30, 2024 /PRNewswire/ -- The "Singapore Alternative Lending Market Business and Investment Opportunities Databook - 75+ KPIs on Alternative Lending Market Size, By End User, By Finance ...

Posted on 30/01/2024

Zepto Joins Reverse Flip Parade; Eyes India IPO In 2026

Zepto is looking to join the likes of Eruditus, RazorPay, Pine Labs, Groww and other Indian unicorns in the reverse flipping queue ...

Posted on 30/01/2024

Innovative financing to boost Singapore’s lead in climate finance, says KPMG

Singapore could reinforce its position as the regional leader in climate financing by mobilising funds worth up to S$100b to support its green initiatives.

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