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Tag: banking

Posted on 09/09/2024

Singapore stocks fell on Monday—STI dropped by 0.2%

The S&P 500 dropped 1.7% to 5,408.42. The tech-heavy Nasdaq Composite Index also declined, falling 2.6% to 16,690.83 ...

Posted on 09/09/2024

Weekly Singapore Stock Market Round Up: REITs Shine, but STI Faces Pressure

The Singapore Straits Times Index (SGX: ^STI) finished the week slightly lower, mirroring the broader global market volatility. While several REITs reached new highs, concerns over the US job data and ...

Posted on 09/09/2024

Calvin Ong to Lead DBS Consumer Banking in Singapore from 2025

DBS has announced that Calvin Ong will take over as Head of Consumer Banking Singapore starting from 1 January 2025.

Posted on 09/09/2024

GIC-Backed Nium Pushes Back IPO Plans to Refocus on Growth

Singapore payments company Nium Pte is pushing back its plans for an initial public offering in the US by more than a year, focusing on shoring up its team and growing revenue.

Posted on 09/09/2024

From roadside stall to Malaysia’s biggest IPO in seven years: Wheelchair-bound Lee Thiam Wah is a billionaire as 99 Speedmart goes public today

The financial news site says its initial public offering of RM1.65 per share — Malaysia’s largest in seven years — will make Lee’s fortune at around US$3.3 billion (RM14 b ...

Posted on 09/09/2024

99 Speed Mart opens 12.1% higher on debut in Malaysia’s biggest IPO in seven years

Malaysia's 99 Speed Mart Retail opened higher in its stock market debut on Monday after the country's top mini-market chain retailer raised 2.36 billion ringgit ($542.8 million) in the country's ...

Posted on 09/09/2024

Singapore’s UOB wants to dominate US$2 trillion trade finance market in Southeast Asia

UOB has only 1 per cent of the trade financing market in the region, leaving a huge room for the bank to build its dominance United Overseas Bank (UOB), Singapore's third-largest lender by assets, is ...

Posted on 09/09/2024

Bajaj Housing Finance IPO: Top 10 things to know — GMP, anchor investors, price band, shareholder quota & more details

The ₹6,560-crore IPO opens for public subscription on September 9, closing September 11. The sale aims to meet RBI’s requirement for NBFCs to be listed by September 2025.

Posted on 09/09/2024

Singapore-based fund to invest up to $10 million in Philippines solar company

Solar firm Upgrade Energy Philippines is seeing brighter growth prospects after securing a substantial investment from Singapore-based Clime Capital Management Pte. Ltd. Clime Capital, a fund ...

Posted on 09/09/2024

Singapore fund manager to invest in Upgrade Energy

Clime Capital Management Pte. Ltd., a Singapore-based fund manager which manages the South East Clean Energy Fund II (SEACEF II), said up to $10 million would be made available to Upgrade Energy ...

Posted on 08/09/2024

Bajaj Housing Finance IPO: Top 10 things to know — date, anchor investors, price band, GMP, shareholder quota & details

The ₹6,560-crore IPO opens for public subscription on September 9, closing September 11. The sale aims to meet RBI's requirement for NBFCs to be listed by September 2025.

Posted on 08/09/2024

Dozens to face first-ever charges under anti-scam laws criminalising sharing of Singpass, bank details

One person is accused of allowing a stranger to control their bank account, which was then used to launder more than S$300,000 of criminal proceeds.

Posted on 08/09/2024

Singapore stocks for your dividend delight: 3 SG companies just raised their bar

The company declared an interim dividend of S$0.03, up from S$0.025 a year ago. StarHub has committed to paying out at least S$0.06 in dividends per share for 2024.

Posted on 07/09/2024

Zepto IPO: Delivery startup picks Axis Capital, Goldman Sachs, Morgan Stanley as advisors, says report

Zepto has selected Axis Capital, Goldman Sachs, and Morgan Stanley as advisors for its IPO planned for August 2025, aiming to raise $450-500 million, as per a report. Valuation is pending, with the ...

Posted on 07/09/2024

OCBC to enable kids from age 7 to operate own bank accounts, debit cards

Parents will be able to set transaction limits and get notified whenever their child makes a fund transfer or purchase.

Posted on 07/09/2024

GIC-backed aviation service provider StandardAero files for US IPO

The company is looking to list on the New York Stock Exchange under the symbol “SARO". Read more at straitstimes.com.

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