DBS, which will become the bank's largest shareholder, claims the investment will accelerate its expansion in the Greater Bay Area. ( read original story ...)
DBS buys 13 per cent stake in Shenzhen Rural Commercial Bank for US$814 million as it ‘doubles down’ on bay area
Investment in Shenzhen Rural Commercial Bank positions Singapore’s biggest bank to increase its presence in the Greater Bay Area. ( read original story ...)
Exclusive-DBS, StanChart weigh bids as Citi retreats From Asia Consumer Business
Banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for parts of Citigroup's consumer business in Asia, people with direct knowledge of the ... ( read original story ...)
UPDATE 1-Singapore’s DBS to buy 13% stake in Chinese bank SZRCB for $814 mln
DBS Group has agreed to buy a 13% stake in privately-owned Shenzhen Rural Commercial Bank Corp (SZRCB) for 5.29 billion yuan ($814.3 million), marking the Southeast Asian lender's biggest acquisition ... ( read original story ...)
Singapore’s DBS to buy 13% stake in privately-held Chinese lender for $814 million
Southeast Asia's largest bank DBS Group said on Tuesday it plans to buy a 13% stake in privately-held commercial lender Shenzhen Rural Commercial Bank Corp (SZRCB) for 5.29 billion yuan ($814.26 ... ( read original story ...)
Lucky Me! maker Monde Nissin’s IPO gets SEC clearance
Food maker Monde Nissin Corporation, the owner of Lucky Me! brands, has secured the thumbs-up of the Securities and Exchange Commission (SEC) to proceed with its plan to raise more than P60 billion in ... ( read original story ...)
SEC clears Monde Nissin’s P72.45-billion IPO
Monde Nissin aims to run the public offering from May 17 to 21 and list on the Philippine Stock Exchange on May 31 ... ( read original story ...)
DBS, OCBC among potential bidders for Citi’s Asia consumer business: Sources
Citigroup is exiting from its consumer franchises in 13 markets, 10 of which are in Asia.. Read more at straitstimes.com. ( read original story ...)
Singapore businessman Ng Yu Zhi linked to alleged $1 billion fraud faces more charges
He is said to have raised the money from investors, purportedly to finance nickel trading.. Read more at straitstimes.com. ( read original story ...)
DBS, other rivals may be taking a closer look at Citi’s India retail assets
A group of institutions including HSBC, Kotak and ICICI Bank have shown preliminary interest in Citi’s assets in India, according to people in the know. But, these are early stage enquiries. ( read original story ...)
Why did Citibank exit India consumer business?
For foreign banks, retail is a tough game in this country. It has always been so. Over the years, the US multinational has been facing challenges from local competitors in the retail business, ... ( read original story ...)
Scramble by Indian banks likely to buy Citi’s assets
One of the first banks to launch a credit card business in India, Citi had steadily built a high-quality customer base in the country to become the largest credit card issuer. Citi’s average card ... ( read original story ...)
5 best car insurance plans in Singapore (2021)
It is compulsory to have your car insured in Singapore. Why not make the most of it by looking for the best car insurance plan in town when your policy is up for renewal?While it can be tempting to ... ( read original story ...)
Exclusive: DBS, StanChart among potential bidders for Citi’s Asia consumer business – sources
By Anshuman Daga, Sumeet Chatterjee and Nupur Anand SINGAPORE/HONG KONG (Reuters) - Banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for ... ( read original story ...)
Weekend flash floods show that Singapore needs to invest more to deal with effects of climate change, says minister
Flash floods over the weekend showed that even after Singapore has spent S$2 billion (RM6.2 billion) to improve drainage over the last decade, it still needs to invest more to deal with the effects of ... ( read original story ...)
Jaime Taylor joins Chaucer Singapore’s Political Risks and Credit team
Taylor will join the team as a class underwriter, bringing nearly 20 years of experience to the position. Specialty insurance group Chaucer has appointed Jaime Taylor to its Singapore operations as a ... ( read original story ...)