Asian markets were trading mixed in Thursday's trade tracking overnight trading in US stocks. Japans Nikkei advanced 0.23 per cent, Hong Kongs Hang Seng fell 0.47 per cent; Koreas Kospi added 0.3 per ... ( read original story ...)
5 key takeaways from Grab’s IPO plan
SINGAPORE: Grab’s plan for a US listing has revealed some of the Singapore tech unicorn’s key information, from its ownership structure to financials to valuations. It also has some implications for ... ( read original story ...)
Markets Live: SGX Nifty Indicates Losses; Infosys, HDFC Bank, Aditya Birla Capital In Focus
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today. ( read original story ...)
Ascendas India Trust secures maiden S$100 million sustainability-linked loan from UOB, Singapore
Ascendas India Trust (a-iTrust) has successfully obtained a five-year S$100 million unsecured sustainability-linked loan facility from UOB, Singapore. The facility is a-iTrust’s first ... ( read original story ...)
Report: Bukalapak nets $234m in a round co-led by Microsoft, Singapore’s GIC
Investors including SC Ventures, the investment arm of Standard Chartered, and South Korean web portal Naver Corp also participated in the financing round. The company has also reportedly hired Bank ... ( read original story ...)
Grab sets $52 billion IPO target in huge SPAC deal
The planned merger with Altimeter Capital Management will see Singapore’s ride-hailing giant list in New York. ( read original story ...)
Singapore’s Central Bank Holds Policy as Pandemic End in Focus
Singapore’s central bank kept key policy settings unchanged as the city-state focuses on economic recovery amid a global vaccination drive, while saying its accommodative stance “remains appropriate.” ... ( read original story ...)
Grab set for US IPO in $39B merger deal
Southeast Asian mobile platform has inked a merger deal with Altimeter Growth in what is touted to be the biggest US equity offering, at $39.6 billion, and is preparing a public listing on Nasdaq in ... ( read original story ...)
Singapore’s Grab strikes $40 billion deal in record SPAC merger
Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly ... ( read original story ...)
Singapore’s Grab to List in U.S. in $40 Billion SPAC Deal
Gerstner is no stranger to Southeast Asia, having invested in Singapore-based gaming and e-commerce leader Sea Ltd. The Tencent Holdings Ltd.-backed company has emerged as a stock-market sensation ... ( read original story ...)
Singapore’s Grab to list in US through $40bn SPAC deal
Southeast Asia's biggest unlisted startup, Grab, is to go public in the U.S. through a merger with a special purpose acquisition company (SPAC), the "superapp" developer announced Tuesday, a deal that ... ( read original story ...)
Singapore’s Grab to go public at US$40 billion valuation amid SPAC frenzy
Singapore is one of several bourses ... who was not authorised to discuss the matter publicly. Alison is the Post's Finance Editor. Previously, she was Managing Editor of FinanceAsia; The Wall Street ... ( read original story ...)
Indranee Rajah or Lawrence Wong: Who’s up next for Finance Minister?
Singapore—With all the talk of who is next in line to lead the country in the wake of Heng Swee Keat’s announcement that he would step aside from PAP 4G lea ... ( read original story ...)
Building Asia
Governments and businesses are gearing up for net-zero emissions or carbon neutrality by 2050 or earlier. Singapore's UOB has created a framework to define the path towards that goal. UOB's Chief ... ( read original story ...)
Fire breaks out at former Standard Chartered building in CBD
Several police cars and Singapore Civil Defence Force (SCDF ... The front entrance of the former Standard Chartered building, located at 6 Battery Road, was witnessed to have been cordoned ... ( read original story ...)
Singapore’s DBS Introduces AI enhanced Digital Investment Advisory Solution
As reported last month, DBS became the first major Asian bank to finalize a trade financing transaction via AntChain’s Trusple platform. As covered in February 2021, advanced facial biometrics are now ... ( read original story ...)