DBS analysts have reduced their target price to $1.21 from $1.70 previously, pegged to a 60% discount to Frasers Property's RNAV.
EbixCash’s IPO filing doesn’t disclose an adverse court order
The firm, a unit of Nasdaq-listed Ebix Inc., received the markets regulator’s approval for a ₹6,000 crore IPO in April.
The IPO market has ‘lost a lot of relevance,’ says Swiss asset manager Partners Group
The IPO market has lost a bulk of its relevance in the real economy, but there "absolutely enormous" opportunities are abound in the health-care sector.
Singapore has seen investment increase from India, China, and SEA – official
Singapore has seen increasing investments from India, China, and Southeast Asia in recent years even as the U.S. remains its largest investor, its investment chief said on Thursday.
Bongbong Marcos urges Singapore businessmen to invest in PH
President Ferdinand "Bongbong" Marcos Jr. on Wednesday encouraged Singaporean businessmen to invest in the Philippines’ renewable energy, smart and innovative economy and infrastructure ...
Singapore’s Central Bank Bans Three Arrows Founders From Finance For 9 Years
Singapore's Monetary Authority (MAS) has imposed a stringent nine-year prohibition order on the founders of Three Arrows Capital, Zhu Su and Kyle Livingston Davies. This decision comes after the duo ...
SoftBank’s Arm rises up to 15% after year’s biggest IPO
Investors in the IPO included some of Arm’s biggest customers. The company set aside more than US$700 million of its stock for Intel Corp., Apple Inc., Nvidia Corp., Samsung Electronics Co. and Taiwan ...
Singapore central bank slaps Three Arrows founders with 9-year trading ban
Singapore's central bank issued on Thursday nine-year prohibition orders against Su Zhu and Kyle Davies, the founder of collapsed cryptocurrency hedge fund Three Arrows ...
Analysis: Citigroup’s layoffs, ‘sweeping’ restructuring in uncertain economic period unlikely to affect Singapore’s financial sector
Even though there is a possibility of layoffs in Citibank Singapore, which is a subsidiary of Citigroup, they said that it would not affect Singapore’s banking and finance sector as a whole because it ...
Fewer job vacancies in Singapore in Q2 2023, fall from peak in Q1 2022
SINGAPORE — The number of job vacancies declined for the fifth consecutive quarter to 87,900 in the second quarter of 2023, according to the Ministry of Manpower's (MOM) second-quarter 2023 labour ...
Singapore government says report on rising minimum income standards ‘may not be accurate reflection of basic needs’
A report on minimum household income required amid inflation “may not be an accurate reflection of basic needs”, and its findings should be interpreted instead as “what individuals would like to have” ...
Singapore’s resident employment falls for the first time in 3 years
The Ministry of Manpower said employment growth in some sectors was offset by a drop in the number of people working in retail trade and food and beverage services. MOM attributed the contraction to ...
S’pore proptech start-up Simpple eyes global expansion after US IPO
Singapore property start-up Simpple listed on Nasdaq exchange in the United States on Wednesday as part of ambitious global expansion plans. Read more at straitstimes.com.
Singapore proptech start-up Simpple lists on Nasdaq, prices IPO shares at US$5.25 apiece
The Singapore-based company said it has raised about $11.4 million from the flotation. Read more at straitstimes.com.
OCBC Wisma Atria turns one, reports seven times higher card applications than regular banking branches
OCBC Wisma Atria, the bank’s largest integrated lifestyle and banking branch, has seen twice the number of account openings for the bank’s flagship OCBC 360 savings account and seven times more credit ...
Singapore stocks rise as US inflation data stays within expectations; STI up 1%
THE Straits Times Index (STI) rose 1 per cent, or 30.58 points, to 3,249.51 amid a regional rally on Thursday (Sep 14). Read more at The Business Times.