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Tag: banking

Posted on 13/05/2024

Shein steps up IPO plans amid reports suppliers still work 75 hours a week

Shein shares are set to go public on the London Stock Exchange (LSE), marking the controversial online retailer's initial public offering (IPO) as one of the largest globally this year. However, a ...

Posted on 13/05/2024

Singapore’s incoming PM makes minor cabinet reshuffle, seeks ‘continuity and stability’

Singapore's incoming prime minister Lawrence Wong appointed a new deputy premier in a minor reshuffle of the cabinet on Monday, as he gears up to become the city-state's fourth leader since its ...

Posted on 13/05/2024

Singapore stocks edge up, bucking decline in key regional markets

SINGAPORE - The Straits Times Index (STI) started the trading week with a rise of 0.4 per cent or 12.96 points to 3,303.66 after markets closed on May 13, making it one of the few better-performing ...

Posted on 13/05/2024

Singapore’s Lawrence Wong retains finance chief post after becoming PM

SINGAPORE -- Singapore's incoming leader, Lawrence Wong, will remain as finance minister after he becomes prime minister on Wednesday, according to the new cabinet lineup released Monday, as he ...

Posted on 13/05/2024

Singapore cabinet reshuffle: continuity in focus with veteran Gan Kim Yong to be Lawrence Wong’s deputy

Gan is likely chosen as DPM due to his close working relationship with Wong as co-chair in the Covid-19 government taskforce, an analyst says.

Posted on 13/05/2024

Singapore PM-Designate Wong Sticks With Old Guard in Reshuffle

Singapore’s incoming Prime Minister Lawrence Wong picked Trade Minister Gan Kim Yong as his deputy, keeping the cabinet of outgoing premier Lee Hsien Loong largely intact.

Posted on 13/05/2024

DPM Wong to remain as Finance Minister after becoming PM

Deputy Prime Minister (DPM) Lawrence Wong will retain his position as Finance Minister, after becoming Prime Minister (PM), according to the Prime Minister's Office (PMO)'s announcement on the Cabinet ...

Posted on 13/05/2024

Gan Kim Yong to become new DPM in Singapore’s Cabinet reshuffle; no changes of ministerial portfolios

MINISTER for Trade and Industry Gan Kim Yong will be promoted to Deputy Prime Minister (DPM) come May 15, alongside current DPM Heng Swee Keat, in a Cabinet reshuffle with few other major changes.

Posted on 13/05/2024

Gan Kim Yong to become DPM in Singapore Cabinet changes

Lawrence Wong, who announced the appointment of Mr Gan, said that continuity and stability are "key considerations" as the government approaches the end of its current term.

Posted on 13/05/2024

Singapore’s Incoming PM Wong Appoints New Deputy PM in Minor Reshuffle

SINGAPORE (Reuters) - Singapore's incoming prime minister Lawrence Wong announced a minor cabinet reshuffle on Monday ahead of assuming the top post later this week, with the biggest change the ...

Posted on 13/05/2024

Singapore PM-designate Wong sticks with old guard in minor reshuffle; picks Trade Minister Gan Kim Yong as his deputy

Singapore’s incoming Prime Minister Lawrence Wong picked Trade Minister Gan Kim Yong as his deputy, keeping the cabinet of outgoing premier Lee Hsien Loong largely intact.

Posted on 13/05/2024

Singapore c.bank picks Gan Kim Yong as chairman

The Monetary Authority of Singapore on Monday said it has appointed Gan Kim Yong as the chairman of the city-state's central bank. Yong replaces Lawrence Wong who has also been serving as Singapore's ...

Posted on 13/05/2024

OCBC Makes S$1.4 Billion Bid for Remaining Great Eastern Holdings Stake

OCBC Bank announced that it has put up a S$1.4 billion bid to acquire the remaining 11.56% of Great Eastern Holdings Limited it does not own.

Posted on 13/05/2024

Flipkart mulls moving HQ to India ahead of IPO: Report|

Flipkart contemplates relocating domicile to India reflecting a trend of established startups returning home for regulatory alignment and IPO readiness. The move, if executed, could also result in tax ...

Posted on 13/05/2024

Analysts keep ‘buy’ and ‘hold’ calls on UOB after 1QFY2024 earnings exceed expectations

With the bank’s fixed rate hedges to offset the impending interest rate decline, the analysts see the possibility of its sequential NIMs remaining stable or “inflecting upwards”, although that depends ...

Posted on 13/05/2024

Marina Bay Sands, UOB and Singapore Tourism Board enter next partnership to enhance Marina Bay precinct

Marina Bay Sands, UOB and Singapore Tourism Board (STB) inked a Memorandum of Understanding (MoU), committing to drive visitors ...

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