Singapore’s Grab said it has closed on a $2 billion, five-year term loan facility amid speculation that it is readying an initial public offering. ( read original story ...)
$13.8 billion spent by Singapore Govt on Covid-19 response operations
The sum was allocated to the Ministries of Health, Trade and Industry, Manpower and National Development.. Read more at straitstimes.com. ( read original story ...)
ECXX and UOB Kay Hian collaborate to offer STOs
ECXX Global, a company operating a digital asset exchange using blockchain technology, announced today its collaboration with UOB Kay Hian. ( read original story ...)
Singapore stocks end first trading day of the week in the red
Singapore equities ended the first trading day of February in the red as investors remained fairly cautious after a retreat on Wall Street and the declaration of a year-long state of emergency by ... ( read original story ...)
IPOs in Asia-Pacific markets remain strong amid pandemic, says EY
Initial public offers (IPOs) in Asia-Pacific markets remained stronger in 2020, with industrials leading the sectors followed by technology and materials, according to EY. ( read original story ...)
HSBC sets up private banking business in Thailand, second in Southeast Asia
HSBC Holdings PLC said on Monday it had set up a new private banking business in Thailand, the Asia-focused lender's second onshore expansion in Southeast Asia, as it seeks to grab a bigger share of ... ( read original story ...)
OCBC shares to see support from wealth arm, new CEO
OCBC’s share price may be on an uptrend, said analysts who are positive on the bank’s wealth management business, incoming CEO and active provisioning. OCBC Bank’s stock rose 0.5% to trade at S$10.37 ... ( read original story ...)
DBS to double its hiring of financial planning advisers in 2021
Over 650 wealth planning managers and insurance consultants are expected to be hired by end-2021.. Read more at straitstimes.com. ( read original story ...)
Gambling scams soar in Singapore, caused US$12mln losses
Singapore has seen the number of scams involving “fake” gambling platforms rise by more than 18 times, to 299 cases, between 2019 and 2020, with victims losing in aggregate SGD15.4 million (US$11.6 ... ( read original story ...)
How we can be a less taxing choice for Asia’s finance brains
Australia’s tech and finance sectors are sophisticated but they are very domestic. Insurance and financial services make up only 1 per cent of our exports. Less than 6 per cent of managed funds are ... ( read original story ...)
Grab Upsizes Debut Term Loan to $2 Billion on Strong Investor Demand
The five-year senior secured loan was upsized from the initial $750 million after the company secured commitments from international institutional investors, Singapore-based Grab said in a statement ... ( read original story ...)
ECXX and UOB Kay Hian collaborate to offer Securitised Token Offerings
This collaboration brings ECXX technology platform to UOB Kay Hian's large pool of investors in Asia. ECXX's digital platform was an early ... ( read original story ...)
DBS to boost hiring of financial advisers in 2021
This will include hiring for the newly created insurance consultant role. DBS will double its recruitment of financial planning advisers this year, with plans to hire more than 650 wealth planning ... ( read original story ...)
42 firms in Singapore fined for breaching Covid-19 safety rules
SINGAPORE - More firms have been penalised for failing to adhere to workplace safe management measures despite repeated calls to make working from home the default and to ensure safe distancing at the ... ( read original story ...)
The future of finance is sustainable
Investors are playing a key role in driving the shift to green - and profiting as well.. Read more at straitstimes.com. ( read original story ...)
Best robo advisors in Singapore: How to choose the right one?
Everyone and their mom has been telling you that you REALLY ought to start investing this year. But you’re not the most financially-savvy person, nor are you not rolling in dough. How exactly, then, ... ( read original story ...)