According to CNBC, the Singapore-based startup quietly filed for an IPO worth $1 billion with the US Securities & Exchange Commission. The listing is tentatively set for 2018, but no final decision have been made. If it goes through, Sea would become the ... ( read original story ...)
DBS India to take mobile-only bank account to desktops too
Mumbai: DBS India plans to widen the scope of the country's first mobile-only bank account to include desktop banking. The Indian arm of Singapore's largest bank had recently unveiled the country's first open architecture platform for distributing ... ( read original story ...)
Singapore start-up said to file for US$1 billion IPO in the US
HONG KONG/SINGAPORE — Sea Ltd, South-east Asia’s most valuable start-up, has filed confidentially for a potential US initial public offering that could raise about US$1 billion (S$1.39 billion), according to people with knowledge of the matter. ( read original story ...)
Southeast Asia’s Biggest Startup Files for $1 Billion IPO, Sources Say
The Singapore-based company, formerly known as Garena ... companies with less than $1 billion in annual revenue can file for an IPO with the SEC privately and work out the details outside the public eye. The company, founded in 2009 by entrepreneur ... ( read original story ...)
OCBC opens Indonesia wealth unit amid tax amnesty success
OCBC’s expansion in Indonesia follows its announcement that it will acquire National Australia Bank’s private wealth business in Singapore and Hong Kong, as reported. As of end-February, the business to be sold to OCBC comprised a $1.7bn mortgage ... ( read original story ...)
Singapore millennials want to retire early: survey
Majority of them expect to finally lay back at 60. The latest HSBC report found out that Singapore millennials expect to retire younger than other working age generations despite having the lowest retirement prospects of any generation. According to the ... ( read original story ...)
Singapore bourse nears deal with regulator for start-up IPOs
Singapore: Singapore Exchange Ltd is nearing a deal with the city’s technology regulator to develop a system designed to encourage local start-ups to list on the bourse, according to people familiar with the matter. Under the agreement, the bourse ... ( read original story ...)
Malaysia’s Lotte Chemical sets ceiling price for $1.4 billion IPO: IFR
SINGAPORE/KUALA LUMPUR Malaysia's Lotte Chemical Titan Holding [TTNP.UL] has set a ceiling price of 8 ringgit a share for its planned IPO, giving it a total size of up to 5.9 billion ringgit ($1.37 billion), IFR Asia reported, citing three sources with ... ( read original story ...)
Singapore Post Limited’s Stock Is Down 18% Over The Last 12 Months: Here’s Why
Over the last 12 months, Singapore Post’s stock price has declined by 18% ... Meanwhile, the latter is about the overall mood of market participants – are investors more greedy than fearful, more pessimistic than optimistic et cetera? ( read original story ...)
Singapore Exchange Said to Be Near Deal With Regulator for IPOs
Singapore Exchange Ltd. is nearing a deal with the city’s technology regulator to develop a system designed to encourage local startups to list on the bourse, according to people familiar with the matter. Under the agreement, the bourse operator would ... ( read original story ...)
What changed your market while you were sleeping
Nifty50 futures on the Singapore Stock Exchange were trading 17 points, or 0.18 per cent, higher at 9,466, indicating a positive opening for the domestic market. “For intraday traders, the strategy will be to buy on dips in the 9,410-9,400 range with a ... ( read original story ...)
Singapore’s OCBC starts private-banking business in Indonesia
SINGAPORE -- Oversea-Chinese Banking Corp., Singapore's second-largest bank by assets, has launched private banking in Indonesia in a bid to expand its market share in Asia's wealth management industry. The bank announced Monday that local subsidiary OCBC ... ( read original story ...)
OCBC launches onshore private banking in Indonesia through local unit
SINGAPORE – Oversea-Chinese Banking Corp (OCBC) has launched onshore private banking services in Indonesia through its subsidiary OCBC NISP, Singapore’s second largest lender said on Monday (May 22), further entrenching its leading position in wealth ... ( read original story ...)
Singapore’s OCBC Bank eyes ultra rich in Indonesia with set up of new private wealth business
Singapore's second largest lender Oversea-Chinese Banking Corporation (OCBC) on Monday launched an Indonesian private banking unit as the bank expands its wealth management presence in the region. The new onshore unit will be run by OCBC NISP, the ... ( read original story ...)
Are Singapore Bank Stocks Still Attractive?
Can shares of Singapore’s three largest lenders – DBS (D05.SG), OCBC (O39.SG) and UOB (U11.SG) – continue to deliver returns following their 16% rally this year? Jefferies analyst Krishna Guha thinks so: Even though margin reflation and asset quality ... ( read original story ...)
Singapore Stock Market: Support Expected At 3,200
(RTTNews.com) - The losing streak has hit four sessions now for the Singapore stock market, which has retreated more than 45 points or 1.4 percent along the way. The Straits Times Index now rests just above the 3,215-point plateau although it may find ... ( read original story ...)