For UOB, there could still be ‘lingering concerns’ over its asset quality and provision buffers Read more at The Business Times.
IPO of UI Boustead REIT is 3.3 times subscribed
The international placement tranche comprises of 643,275,200 units, were being offered to institutional and other accredited investors, was 3.3 times subscribed.
ComfortDelGro to invest over $200m in driving education; new CCK driving centre to use AI in tests
Technology will allow for "more objective and independent training” at the new driving centre, CDG said. Read more at straitstimes.com. Read more at straitstimes.com.
AI ‘godfather’ raises $1.3 billion for start-up with Singapore as key base
Yann LeCun, an AI pioneer, raises $1.3 billion for AMI Labs with Singapore as a key base. Read more at straitstimes.com. Read more at straitstimes.com.
Standard Chartered to expand private banking team in Singapore – report
This decision follows increased scrutiny on Chinese financial flows after money-laundering cases involving Chinese nationals.
IPO-bound DayOne to build SG’s first bio data centre with Australia’s Cortical Labs
Initial deployment will involve a single rack of 20 Cortical Cloud units at NUS, with a view to expanding to a full-scale DayOne commercial data centre in Singapore. The partners envision a phased ...
OCBC sees regional transaction banking growth outpacing Singapore, senior executive says
Transaction banking revenue is currently split about 60:40 between domestic and regional markets Read more at The Business Times.
IPO-bound Flipkart shifts domicile from Singapore to India
The Walmart-owned unveiled plans in April 2025 to shift its headquarters back to India, a move that was approved by a court in Singapore in September. By December, the company had secured approval ...
Flipkart flips back from Singapore ahead of India IPO
With this, Flipkart Internet Pvt Ltd has become the group’s holding company after government approval for internal restructuring, clearing a key step toward the e-commerce major's upcoming domestic ...
UPDATE 1-F1 delays $3 bln Singapore IPO on weak markets
Reuters on Thursday, saying the owners were biding their time. He stressed, however, that the IPO had not been pulled.
Flipkart moves its headquarters back to India ahead of IPO
Flipkart's headquarters shift comes as the Walmart-backed e-commerce giant reaches about $30 billion in GMV.
Exclusive: IPO-bound Flipkart completes reverse flip; shifts domicile from Singapore to India
Flipkart has completed its reverse flip, moving its domicile from Singapore back to India after receiving approvals, including from the NCLT and the central government under Press Note 3 rules. The ...
Flipkart completes relocation of holding company from Singapore to India ahead of IPO plans
Flipkart has completed a major corporate restructuring by shifting its holding company domicile from Singapore back to India.
UI Boustead REIT launches Singapore IPO to raise $973.6 million
The public offer opens on March 5 and will close at noon on March 10. Read more at straitstimes.com. Read more at straitstimes.com.
Standard Chartered to double number of Singapore bankers serving wealthy Chinese
Standard Chartered plans to double the number of private bankers catering to wealthy Chinese in Singapore despite increased scrutiny of flows from China after a series of high-profile money-laundering ...
How Singapore’s refineries & bunkers stabilise oil prices during a conflict in the Middle East
Why Singapore becomes more valuable during Middle East wars Oil supply disruptions push traders to alternative hubs Singapore holds huge oil inventories It is the world’s largest ship-fuel port ...