Oil trader GP Global APAC Pte Ltd has applied to the Singapore High Court for a six-month debt moratorium as its parent company seeks to restructure more than $1 billion dollars in debt, according to ... ( read original story ...)
Singapore Exchange Hopes to List SPACs as Early as This Year
SPACs could be a way to revive investor interest in Singapore’s stock market. The bourse has struggled to attract big-ticket IPOs over the past few years particularly in hot sectors such as technology ... ( read original story ...)
RailTel IPO subscribed over 7 times so far on last day
Analysts said RailTel is a debt-free company and pays consistent dividends and, thus, could witness some traction. But there are a few red flags for long-term investors. ( read original story ...)
Digital Banking Platform Revolut Launches Financial App for Kids in Singapore, Junior Accounts Available for Free
Digital banking platform Revolut launches financial app for kids in Singapore, Junior accounts available for free. ( read original story ...)
HSBC Singapore to name new CEO
HSBC will be naming a new chief executive for its Singapore business after its current head Tony Cripps was tapped to run Saudi British Bank (SABB), reports Bloomberg, based on an internal memo. The ... ( read original story ...)
Singapore Bourse May Give Up Support At 2,900 Points
The Singapore stock market on Wednesday halted the two-day winning streak in which it had picked up almost 10 points or 0.3 percent. The Straits Times Index now sits just above the 2,920-point plateau ... ( read original story ...)
Former WongPartnership Managing Partner Appointed Next CEO of Singapore’s Temasek
Dilhan Pillay Sandrasegara will succeed Ho Ching, wife of Singapore’s prime minister Lee Hsien Loong, as CEO and executive director of Temasek Holdings in October. ( read original story ...)
Citi can’t get back $500M wrong payout
MANHATTAN: Citigroup is on the hook for almost $900 million in mistaken payments it sent out, according to a US judgment that called the debacle “one of the biggest blunders in banking history.” The ... ( read original story ...)
RailTel IPO subscribed 2.8 times on Day 2 so far
The Rs 820 crore IPO by state-run RailTel Corporation of India was subscribed 2.8 times on the second day of the bidding process so far. By 10:20 am, the issue had received bids for 16,97,32,595 ... ( read original story ...)
Singapore’s virtual bank licences could provide template for SE Asian region
Virtual bank licences have been something of a work in progress in Singapore over the past few years, and despite the pandemic, this process has remained on track. In June last year, the Monetary ... ( read original story ...)
Singapore Budget 2021: Electric vehicles to go the extra mile with $30m support from govt
One sector that has definitely emerged stronger from the Budget 2021 announcement would be electric vehicles. Find out what initiatives there are in place for Singaporeans who wish to adopt a greener ... ( read original story ...)
Here are the Winners and Losers From Singapore’s Smaller Budget
Singapore’s relatively smaller annual budget targeting just a few sectors of the country’s pandemic-hit economy for support will do little to significantly boost the country’s lagging stock market -- ... ( read original story ...)
All You Need To Know Going Into Trade On February 17
Yield on the benchmark 10-year treasuries touched 1.33% - the highest since February 2020. Benchmark indices in Japan, South Korea and Australia are trading with losses this morning. Chinese equities ... ( read original story ...)
RailTel IPO subscribed 2.6 times on Day-1 led by retail investors
The issue received bids for 16.14 crore equity shares against the offer size of over 6.11 crore shares, according to the data available on the exchanges.RailTel had on Monday raised ₹243.99 crore from ... ( read original story ...)
RailTel IPO Fully Subscribed on Day 1, overall 2.64 times
RailTel Corporation of India Limited ("RailTel"), one of the largest neutral telecom infrastructure providers in the country, received bids of 16,13,30,820 shares against the offered 6,11,57,360 ... ( read original story ...)
RailTel IPO Subscribed 2.64 Times On First Day
The initial public offer of telecom infrastructure provider RailTel Corporation of India was subscribed 2.64 times on the first day of subscription on Tuesday. The Rs 819.24-crore offer received bids ... ( read original story ...)