There has been a blow to Singapore's long-telegraphed power transition with the man expected to take over the reins from Prime Minister Lee Hsien Loong stepping aside. Juliette Saly reports on ... ( read original story ...)
Mubadala Said to Plan GlobalFoundries IPO at $20 Billion Value
Abu Dhabi’s Mubadala Investment Co. has started preparations for a U.S. initial public offering of chipmaker GlobalFoundries, people with knowledge of the matter said.The sovereign wealth fund has ... ( read original story ...)
British multinational merges Currency Fair in strategic investment
Standard Chartered said the merger will increase employee numbers from 85 to 160 immediately with job numbers reaching 450 over the next four years. ( read original story ...)
Work on 4 MRT stations serving NTU, Jurong industrial area to start by June, contracts worth $526m awarded
went to a joint venture between local firm SCB Building Construction and China Civil Engineering Construction Corporation (Singapore Branch) (CCECC). LTA said SCB was previously involved in the ... ( read original story ...)
Standard Chartered helps Irish and Australian payments duo to merge
Ireland’s CurrencyFair and Australia’s Assembly Payments are to merge with the help of existing investor and banking giant Standard Chartered. Last year Standard Chartered made a strategic investment ... ( read original story ...)
Yong Pung How’s daughter reveals reason for family’s move to Singapore
He also led the Monetary Authority of Singapore before returning to OCBC Bank as chairman. Ms Yong, a Permanent Secretary at the Ministry of Communication and Information, said: "We were happy to take ... ( read original story ...)
TPG Chooses Banks for $594 Million Asian Pathology IPO
TPG Capital Asia has picked banks to help prepare an initial public offering of its pathology business in the region that could raise as much as S$800 million ($594 million) in Singapore, according to ... ( read original story ...)
Roy Ngerng starts fundraising to pay PM Lee for his outstanding defamation damages; Over S$12,000 raised in a day
If you would like to support Mr Ngerng’s fundraising, you can donate to: POSB Savings Account Number (Singapore) – 130-23068-7 (Ngerng Yi Ling) PayNow (Singapore): S8113784F PayPal – ... ( read original story ...)
Man jailed for cheating bank into transferring over $2.39m from a relative’s account to his firm
The 52-year-old pleaded guilty to seven charges of cheating and was sentenced to 45 months' jail.. Read more at straitstimes.com. ( read original story ...)
Singapore Finance Chief Bows Out as PM Successor in Shock
(Bloomberg) -- Singapore Finance Minister Heng Swee Keat stepped aside as the designated successor to Prime Minister Lee Hsien Loong, a shock move that will likely push back a long-telegraphed power ... ( read original story ...)
Singapore’s finance minister steps aside as PM-designate in major shake-up to leadership transition
In a press conference, Heng said he was relinquishing his position as the unofficial leader of the so-called 4G or fourth-generation group of PAP leaders who are slated to succeed Prime Minister Lee ... ( read original story ...)
Singapore Leadership Plan Upended as Heir Apparent Steps Aside
(Bloomberg) -- Singapore Finance Minister Heng Swee Keat stepped aside as the designated successor to Prime Minister Lee Hsien Loong, a surprise move that will likely push back a long-telegraphed ... ( read original story ...)
Fitch Revises Outlook on UOB’s IDR to Stable; Affirms ‘AA-‘
Fitch Ratings - Singapore - 08 Apr 2021: Fitch Ratings has revised the Outlook on United Overseas Bank Limited's (UOB) Long-Term Issuer Default Rating (IDR) to Stable from Negative, and affirmed the ... ( read original story ...)
Singapore govt to recover S$370 million in wage support wrongly paid out to firms
An excess of $370 million in wage support was erroneously paid out last year, after the Government used the wrong dates to determine the amount that 5,400 companies should get. ( read original story ...)
DBS launches digital advisory service offering investment recommendations to customers
SINGAPORE - DBS customers can now get specific recommendations of investment products to buy through the bank's financial and retirement planning platform.. Read more at straitstimes.com. ( read original story ...)
Proposed SINGA bonds unlikely to affect credit rating: OCBC
It has been more than three decades since Singapore last borrowed to pay for infrastructure projects. Despite this, OCBC said this would not affect Singapore's international credit rating. "First, ... ( read original story ...)