Singapore Airlines Ltd has reduced its cash burn to about S$100 million ($75 million) to S$150 million a month, from as much as S$350 million last year, as it weathers a plunge in travel demand, its ... ( read original story ...)
UOB prints its longest tenor euro covered bond
Singapore lender United Overseas Bank (UOB) on May 18 priced a 750 million euro (US$914.60 million) covered bond, representing the first covered bond transaction out of Singapore in 2021.The ... ( read original story ...)
DBS can fund S$2.7b bid for Citi India unit, says Bernstein
DBS Group Holdings has sufficient capital to bid for Citigroup's consumer assets in India valued at S$2.7 billion without needing to raise additional funds, Sanford C Bernstein & Co analysts said.. ( read original story ...)
DBS can fund $2 billion for Citi India’s assets, Bernstein analysts say
DBS CEO Piyush Gupta had said that he is interested in the U.S. bank's assets that are for sale in India, as well as in China, Taiwan and Indonesia. ( read original story ...)
ByteDance Founder Steps Down as CEO Ahead of Mega IPO
ByteDance Ltd. founder Zhang Yiming will cede the reins of TikTok’s owner to an old college roommate and lieutenant, stepping back from running the world’s most valuable startup ahead of its highly ... ( read original story ...)
Monde Nissin sets final IPO price at P13.50/share
Food maker Monde Nissin Corp., the company behind Lucky Me! noodles brand, has set the final price for its initial public offering (IPO) at P13.50 per share. ( read original story ...)
Singapore Airlines cuts cash burn to as little as $75 mln a month -CFO
Singapore Airlines Ltd SIAL.SI has reduced its cash burn to about S$100 million ($75 million) to S$150 million a month, from as much as S$350 million last year, as it weathers a plunge in travel ... ( read original story ...)
UOB rolls out green trade finance facilities
UOB has extended green trade finance facilities to two clients to help them build on their sustainability initiatives and strengthen their supply chain resilience. The clients are Musim Mas Group, a ... ( read original story ...)
Singapore Shares Predicted To Open Under Pressure
The Singapore stock market on Wednesday snapped the two-day winning streak in which it had jumped almost 90 points or 3 percent. The Straits Times Index now rests just above the 3,100-point plateau ... ( read original story ...)
Monde Nissin secures cornerstone investors for IPO
MONDE Nissin Corp. has secured “overwhelming commitments” from cornerstone investors for its P55.9-billion initial public offering (IPO), it said on Wednesday on what it called a “strong vote of ... ( read original story ...)
Monde Nissin IPO reset to June 1, attracts 11 cornerstone investors
Monde Nissin Corp. has secured 11 cornerstone investors for its $1.15 billion (P55.9 billion) initial public offering now set on June 1, earlier than the previously announced listing date of June 7. ( read original story ...)
Buy-now-pay-later platform Klarna says IPO hinges on Brexit
Klarna, a Swedish online payment platform, said its decision on whether to IPO in London will hinge on the British government's post-Brexit financial services rules. Why it matters: Klarna is Europe's ... ( read original story ...)
Singapore court fines Indonesian tycoon Kris Wiluan S$480,000 for market rigging
Indonesian tycoon and former chief executive of offshore and marine company KS Energy Kris Taenar Wiluan was fined S$480,000 after pleading guilty on Wednesday (May 19) to three charges of market ... ( read original story ...)
Guide for climate-related disclosures, framework for green trade finance launched
The guide details implementation of climate-related disclosures by financial institutions.. Read more at straitstimes.com. ( read original story ...)
UOB grants green trade finance facilities to Musim Mas, Barramundi Group
More than S$90b of trade flows meet green and sustainable requirements in Singapore. UOB has extended its first green trade finance facilities to Musim Mas Group and Barramundi Group, with the goal of ... ( read original story ...)
UOB Malaysia: Approved investments to rise to RM185b this year
UOB Malaysia projects approved investments in Malaysia to increase by 13% to RM185bil in 2021, of which close to 40% will be from foreign direct investment (FDI). ( read original story ...)