Singapore-headquartered Carro, a Southeast Asian online automotive marketplace, has raised $360 million in its latest funding round led by SoftBank Vision Fund II. ( read original story ...)
Alibaba Health-backed medical data company LinkDoc files for US IPO
The Beijing-based company, which offers cancer-focused healthcare services, reported a 41% jump in revenue for the three months ended March 31. ( read original story ...)
Standard Chartered and ENGIE announce successful execution of the former’s first Green Banker’s Guarantee in Singapore
Singapore's Green Plan is coming along well ... ( read original story ...)
Day 1: Sona Comstar’s Rs 5,500 crore IPO gets off to a muted start
The IPO was subscribed merely 11 per cent at the end of day one. At 5:00 pm, only 1,13,93,298 shares of the company received bids out of a total issue of 10,71,05,262 suggesting that the IPOs rich ... ( read original story ...)
Bank of Singapore: Fed May Only Start Tapering in Early 2022
Bank of Singapore Chief Economist Mansoor Mohi-uddin thinks the Fed may only start tapering in early 2022. He was speaking with Rishaad Salamat and Haslinda Amin on ": Asia." (Source: Bloomberg) ... ( read original story ...)
Ex-lawyer sued for $8m he is accused of misappropriating in alleged bank acquisition fraud
A businessman claims Then Feng misled him into depositing the money in a company set up by the lawyer.. Read more at straitstimes.com. ( read original story ...)
BBDO Singapore’s Monica Hynds: “We Need Our Clients to Push Boundaries with Us”
Little Black Book, The general manager on why she believes opportunities need to be looked for carefully and her frustrations with pitches ... ( read original story ...)
India: NRI focus turns to home as coronavirus rages
Non-resident Indians are a powerful force in wealth management from New York to Singapore. But as the pandemic devastates the subcontinent, this vast diaspora is reassessing its priorities. ( read original story ...)
Lloyds hires ex-DBS Bank executive as chief operating officer
Lloyds Banking Group has hired David Gledhill, a former executive of Singapore’s DBS Bank, as group chief operating officer. ( read original story ...)
Sona Comstar IPO opens today: Everything you need to know
The Rs 5,550 crore initial public offering (IPO) of Sona BLW Precision Forgings will be available for subscription from June 14-16, 2021. It has a price band of Rs 285-291 per share. ( read original story ...)
Sona Comstar IPO Opens For Bidding. Should You Invest?
The company will use the IPO proceeds to repay debts and for general corporate purposes. Promoted by Sunjay Kapur, Sona Autocomp and Singapore Topco, Sona Comstar designs and manufactures mission ... ( read original story ...)
Sona Comstar IPO subscribed 3%, retail portion booked 16% on day 1
The public issue received bids for 26,95,860 equity shares against the offer size of over 10.71 crore equity shares, the subscription data available on exchanges showed. ( read original story ...)
Citibank Singapore closing unit that serves small businesses
About 2,000 customers have been told that their deposit accounts will be closed with effect from Aug 11.. Read more at straitstimes.com. ( read original story ...)
Small firms in F&B, retail coping slightly better during heightened alert vs circuit breaker: DBS
Micro and small enterprises in Singapore's food and beverage (F&B) and retail sector are coping better during the phase two heightened alert (HA) versus last year's "circuit-breaker" period, DBS said ... ( read original story ...)
Sona Comstar IPO opens today: Should you subscribe to the issue?
Sona Comstar will launch its initial public offering (IPO) today. The auto component maker plans to raise Rs 5,550 crore through the share sale. The IPO comprises fresh issue of shares amounting to ... ( read original story ...)
Four IPOs to hit markets next week; companies eye Rs. 9,123 crore
The initial public offering (IPO) market is expected to recover due to the launch of initial share-sales by four firms scheduled next week that is expected to raise Rs. 9,123 crore (US$ 1.25 billion) ... ( read original story ...)