Fixed deposit (sometimes called time deposit) accounts are low-risk investments that earn you interest over a fixed commitment period. You don’t need to do anything to earn this interest, just park ... ( read original story ...)
Stock Market Today: SGX Nifty edges 10 pts lower; Asian markets flat; all eyes on two IPOs opening today
Nifty futures on Singapore Exchange-traded 13.5 points, or 0.08 per cent, lower at 17,112, signaling that Dalal Street was headed for a muted start on Wednesday. Nifty50 on Tuesday took out the 17,100 ... ( read original story ...)
Malaysia’s Carsome eyes US IPO as it hits $1.75 billion valuation
South-east Asian used-car marketplace Carsome Group said it has raised US$170 million (S$228.6 million) in a funding round from investors including Taiwanese chipmaker MediaTek, cementing its position ... ( read original story ...)
Singapore Cases Persist; Deutsche Bank Mandate: Virus Update
Singapore recorded more than 100 cases of Covid-19 for the eighth straight day on Tuesday. Mauritius is easing isolation rules for visitors after it vaccinated more than 60% of its population sooner ... ( read original story ...)
Kakao Pay Cuts IPO to $1.3 Billion As Valuation Concerns Grow
Kakao Pay Corp., South Korea’s largest online payment service, lowered its targeted initial public offering to $1.3 billion at the behest of Korean regulators concerned about soaring tech valuations. ( read original story ...)
ANZ, Citi, HSBC and Standard Chartered in the running for MAS digital currency prize
Global banks ANZ, Citibank, HSBC and Standard Chartered are among the 15 finalists selected by the Monetary Authority of Singapore for a competition aimed at overcoming problems in the development of ... ( read original story ...)
Meaningful recovery for hospitality sector likely in 2022: OCBC
OCBC Investment Research expects hospitality REITs to post stronger second-half results. Despite a mixed back of results from top hospitality REITs in the first half of the year, OCBC Investment ... ( read original story ...)
China fintech Linklogis, Standard Chartered in supply chain funding joint venture
Chinese financial technology firm Linklogis and Standard Chartered Bank have formed a joint venture to link institutional investors looking to invest in an alternatives asset class with supply chain ... ( read original story ...)
Standard Chartered and Linklogis launch new finance platform
Disrupting today’s trade finance model Headquartered in Singapore, Olea will be led by SC Ventures' Amelia Ng, with Linklogis' Letitia Chau as deputy CEO. “By marrying Standard Chartered’s ... ( read original story ...)
Scammer ‘boyfriend’ tells woman to transfer S$10K; stopped by OCBC staff
Despite trying three times to transfer money to her “boyfriend,” a woman was denied her request by OCBC staff, thus saving her from a scam. ( read original story ...)
Standard Chartered rolls out its new Olea platform, based on blockchain technology
Copper.co has integrated Elrond's internet-scale blockchain protocol to provide custody services for assets issued on the Elrond blockchain as well as the Elrond token, EGLD. ( read original story ...)
Over 40 brands and 370 selections to choose from at the Largest Online Mooncake Festival hosted by Oddle
Be spoilt for choice with over 40 brands and 370 selections to choose from at the Largest Online Mooncake Festival hosted by Oddle Eats including Pan Pacific, Peony Jade, Goodwood Park and more! This ... ( read original story ...)
Regulation is the ‘first priority’ for Singapore-based digital asset exchange ZipMex: CEO
Marcus Lim, Founder and CEO of ZipMex explains how the company is differentiating itself apart by "being regulated in multiple jurisdictions", and discusses its long-term business strategy. ( read original story ...)
Singapore’s MM2 Asia Agrees Loss-Making Sale of Cathay Cinema Chain
Singaporean entertainment mini-conglomerate mm2 Asia has finalized terms for the sale of Cathay Cineplexes, the country’s third largest cinema chain. The cinema exhibition sector has been badly hurt ... ( read original story ...)
SoftBank-backed ride-hailing firm Ola plans to raise $1 billion in India IPO
Indian ride-sharing firm Ola is planning to raise up to $1 billion through an initial public offering, a source familiar with the situation told CNBC. ( read original story ...)
Singapore Ponders CBDC Release with Shortlist of Companies
The 15 finalists that are chosen will help Singapore build and release a retail central bank digital currency (CBDC). ( read original story ...)