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Tag: banking

Posted on 25/04/2023

MSIG Insurance grows bancassurance business with an exclusive 15-year deal with HSBC in Singapore

The partnership will foster synergies between two financial leaders in delivering bespoke experience for customers purchasing general insurance. To meet customers' evolving general insurance needs, ...

Posted on 25/04/2023

Singapore: Life Insurer Prudential Expands Distribution Network with Launch of Financial Advisory Unit

Life insurer Prudential Singapore announced the official launch of Prudential Financial Advisers (PFA), its financial advisory arm.

Posted on 25/04/2023

Singapore core inflation rises slightly less than forecast

SINGAPORE: Singapore’s key consumer price gauge rose 5% in March, slightly lower than economists’ forecasts, official data shows.

Posted on 25/04/2023

Mankind Pharma IPO subscription opens today; how to apply online | Check listing date on BSE, NSE, share price, lot size and price band

Mankind Pharma IPO subscription opens today: The Mankind Pharma IPO opens for subscription today on April 25 (Tuesday). The company on Monday informed the exchanges that it has raised Rs 1,298 crore ...

Posted on 25/04/2023

Trust Bank Onboards Over 450,000 Customers in Five Months, Utilizing FICO Platform to Support Customer Onboarding

Singapore’s leading digital bank wins FICO® Decisions Award for Customer Onboarding and Management Trust Bank is using FICO ® Platform to incorporate strong risk management into an exceptional and ...

Posted on 25/04/2023

Mankind Pharma raises Rs 1,298 cr from anchor investors ahead of IPO

Canada Pension Plan Investment Board (CPPIB), the Government of Singapore, SBI Multi Cap Fund, and Fidelity Investment Trust were some investors who were allotted shares under the anchor quota ...

Posted on 25/04/2023

Mankind Pharma raises Rs 1,298 crore via anchor book ahead of IPO

Mankind Pharma announced on Monday that it raised Rs 1,298 crore from anchor investors, prior to the launch of its initial share sale scheduled for subscription starting from April 25.

Posted on 25/04/2023

HDFC Bank to buy stake in Griha, gets Singapore regulatory body’s approval

The proposed agreement is subject to approval from the market regulator Sebi in respect of change in control of certain subsidiaries of HDFC Limited. After the acquisition, HDFC B ...

Posted on 24/04/2023

PBoC and MAS join forces to promote sustainable finance

The People’s Bank of China (PBoC) and the Monetary Authority of Singapore announced the establishment of the China-Singapore Green Finance Taskforce at a meeting in Chongqing on April 21. Members of ...

Posted on 24/04/2023

HSBC investors hold talks as proxy advisors oppose Asia spinoff

HSBC's logo is seen on its headquarters in Hong Kong, China August 4, 2020. REUTERS/Tyrone Siu ...

Posted on 24/04/2023

OCBC Investment Research initiates ‘buy’ on First REIT, calls it a ‘potential defensive addition’

Based on our fair value, we expect First REIT to return an attractive distribution yield of 9.1% in FY2023,” says analyst Ada Lim ...

Posted on 24/04/2023

Singapore’s iFast launches cross-border digital banking platform in UK

FAST Global Bank (“iGB”), the UK-based digital bank division of wealth management Fintech platform iFAST Corporation Ltd. (“iFAST Corp”), one of Singapore's incepted and most successful wealth ...

Posted on 24/04/2023

Singapore and China launches taskforce for green finance

The collaboration will be co-chaired by Gillian Tan and Dr. Ma Jun. The People's Bank of China (PBC) and the Monetary Authority of Singapore (MAS) have declared the formation of the China-Singapore ...

Posted on 24/04/2023

I was scared for myself and my children: O.K. Lim’s ex-personal assistant testifies

She had taken instructions to create false documents for a deal that had not taken place. Read more at straitstimes.com.

Posted on 24/04/2023

AIMS APAC REIT divests 541 Yishun Industrial Park A for $12.9 mil

Yishun Industrial Park A for $12.88 million. The sale price represents an 8.2% premium to the property’s valuation of $11.9 million as at March 31. The sale was made via a sale and purchase agreement ...

Posted on 24/04/2023

DBS downgrades OCBC and UOB to ‘hold’ as it sees ‘limited catalysts for now’

Economists from DBS Group Research expect the US Fed to hike rates once more during the 2Q2023 to 5.25%, which is the terminal rate for the current rate hike cycle. See also: CGS-CIMB stays 'neutral' ...

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