Citing adverse market conditions amid the recent surge of Covid-19 cases in the Philippines and the region, the group noted that the PSE has been highly volatile in recent weeks. As such, its board ... ( read original story ...)
Singapore lender OCBC’s Q2 profit rises 59%, above estimates
Singapore lender Oversea-Chinese Banking Corp Ltd (OCBC) reported a 59% jump in April-June net profit on Wednesday, supported by recovery in its core markets. ( read original story ...)
OCBC Q2 profit up 59% to $1.16 billion; dividend boosted to 25 cents a share
SINGAPORE - OCBC Banks's earnings continued to rebound from last year as it posted on Wednesday (Aug 4) a 59 per cent increase in second-quarter net profit to $1.16 billion on the back of lower ... ( read original story ...)
UOB Q2 profit up 43% to $1.01 billion; dividend raised to 60 cents per share
UOB's net profit for its second quarter rose 42 per cent, as more economies reopened and as it posted lower credit allowance, it said on Wednesday (Aug 4). Net profit for the three months ended June ... ( read original story ...)
OCBC, UOB report strong profit growth, loan losses decline
SINGAPORE - Singapore lenders Oversea-Chinese Banking Corp (OCBC.SI) and United Overseas Bank (UOBH.SI) beat quarterly profit estimates on Wednesday (Aug 4), driven by recovery in their core markets ... ( read original story ...)
Singapore banks report strong profit growth, loan losses decline
"at-above-post addthis_tool" data-url=" Anshuman Daga SINGAPORE (Reuters) -Singapore lenders Oversea-Chinese Banking Corp and United Overseas Bank beat quarterly profit estimates on Wednesday, driven ... ( read original story ...)
Doxa Teams With DBS On Supplier Pay Automation
FinTech startup Doxa, which has worked on an enterprise platform to connect buyers, suppliers and financiers, has worked on an automated supplier payment solution with DBS. Called Doxa Connex, the ... ( read original story ...)
Singapore’s Del Monte Pacific delays Philippine unit IPO on virus surge
Food and beverages firm Del Monte Pacific DMPL.SI said on Wednesday it would delay the initial public offering of its Philippine unit, as the country reels from a surge in coronavirus cases. Del Monte ... ( read original story ...)
Latest Investment Management News in Singapore
The most recent Investment Managers Outlook Survey from the Investment Management Association of Singapore offers essential perspective on how the industry is likely to evolve in this part of the ... ( read original story ...)
OCBC joins procure to pay initiative for construction sector
Oversea-Chinese Banking Corporation Limited (“OCBC Bank”) and local fintech company Doxa have signed a Memorandum of Understanding (MOU) for a strategic partnership to develop and pilot the built ... ( read original story ...)
Huawei vows to enable digital ecosystem-based finance in APAC
Huawei on July 29, 2021 held its first virtual Asia-Pacific Intelligent Finance Summit 2021, with the theme "Accelerate Digital Transformation in Banking, New Value Together". As economies across the ... ( read original story ...)
Billionaires Gautam Adani, Kuok Khoon Hong’s Indian JV To Raise $605 Million From IPO
Adani Wilmar—a 50:50 joint venture between Adani group and Singapore-listed agribusiness firm Wilmar International—plans to raise 45 billion Indian rupees ($605 million) from its initial public offeri ... ( read original story ...)
Singapore’s Wilmar International targets $819m Indian IPO for Adani Wilmar
Adani Wilmar sells kitchen commodities such as edible oil and wheat in India under a diverse range of brands.. Read more at straitstimes.com. ( read original story ...)
Adani Wilmar files DRHP for Rs 4,500 crore IPO
The issue proceeds could be used to fund expand existing manufacturing facilities and develop new ones. The company also intends to repay borrowings and fund strategic acquisitions, said Adani ... ( read original story ...)
IPO-bound Grab says net revenue rose by 39% in Q1 2021
Southeast Asian super app Grab, which is en route to an initial public offering of US$2 billion, reported a 39% year-on-year growth in adjusted net sales to an all-time high of US$507 million in the ... ( read original story ...)
Adani Wilmar IPO: FMCG Giant And Fortune Oil-maker Files Papers For Rs 4,500 Crore IPO
Adani Wilmar has filed its DRHP (draft red herring prospectus) with Sebi for around Rs 4,500 crore Initial Public Offering. ( read original story ...)