SoftBank Group Corp. is preparing to take at least six more of its portfolio companies public this year, building on a 2020 turnaround that pushed the value of Masayoshi Son’s technology conglomerate ... ( read original story ...)
DBS employee who cheated 4 people of more than $400,000 jailed
In a bid to pay off his growing gambling debts, a former DBS Bank wealth planning manager cheated four people of more than $400,000. Marcus Loh Thim Mun, 31, was sentenced to 33 months' jail yesterday ... ( read original story ...)
33 months’ jail for former DBS employee who cheated clients of over $400,000
In a bid to pay off his growing gambling debts, a former DBS wealth planning manager cheated four people of more than $400,000. Marcus Loh Thim Mun, 31, was sentenced to 33 months' jail on Wednesday ... ( read original story ...)
Singapore: Outlook for Retail Sales looks uncertain – UOB
UOB Group’s Economist Barnabas Gan assesses the recent retail sales figures in Singapore. Key Quotes “Singapore retail sales fell 1.9% (+7.3% m/m sa) in November 2020, clockin ... ( read original story ...)
Home First Finance to soon launch Rs 1,200-crore IPO: Report
Mortgage lender Home First Finance Company (HFFC) is set to launch its initial public offering (IPO) to raise up to Rs 1,200 crore, Economic Times reported. ( read original story ...)
Gojek and Tokopedia poised for $18bn blockbuster merger
Ride-hailing firm Gojek and e-commerce giant Tokopedia are in advanced talks for an $18bn merger, say sources. ( read original story ...)
Vaccines to hasten rebound of small and mid caps: DBS
Small- and mid-cap (SMC) stocks in Singapore are expected to catch up with the larger caps on attractive valuations against the backdrop of positive Covid-19 vaccine developments this year, says DBS ... ( read original story ...)
BMO Financial Group sells private banking business in Hong Kong and Singapore
BMO Financial Group says it has signed a deal to sell its private banking business in Hong Kong and Singapore to J. Safra Sarasin Group. ( read original story ...)
BMO selling private banking business in Hong Kong and Singapore
BMO Financial Group says it has signed a deal to sell its private banking business in Hong Kong and Singapore to J. Safra Sarasin Group ... ( read original story ...)
Indonesia’s Gojek in merger talks with Tokopedia to battle Sea
Two of Indonesia's largest tech companies, Gojek and Tokopedia, are in discussions over a merger, with a view to an initial public offering, as they gear up to confront the region's biggest tech ... ( read original story ...)
Singapore: Economy seen expanding 5.0% in 2021 – UOB
Economist at UOB Group Barnabas Gan assessed the advanced data for Singapore’s GDP. “Based on advance estimates by the Ministry of Trade and Industry, Singapore’s 4Q20 GDP contracted 3.8% y/y, ... ( read original story ...)
BMO Financial Group Enters Agreement to Sell Private Banking Business in Hong Kong and Singapore to J. Safra Sarasin Group
BMO Financial Group announced it has entered into an agreement to sell its Private Banking business in Hong Kong ... ( read original story ...)
Breakingviews – Tokopedia neatly channels Indonesia’s potential
Tokopedia is in demand. The company last valued at about $7.5 billion is the number two online shopping site in Indonesia behind $100 billion Singapore-based rival Sea. But the smaller rival stands ... ( read original story ...)
Stock Markets Live: SGX Nifty Indicates Gap-Down Open; HDFC, Bajaj Finance, Sun Pharma In Focus
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today. ( read original story ...)
Renewed Selling Pressure Likely For Singapore Stock Market
The Singapore stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained almost 30 points or 1 percent. The Straits Times Index now sits ... ( read original story ...)
OCBC again cuts interest rates on flagship 360 savings account
OCBC will again lower the interest rates on its flagship savings account, marking its fourth round of revisions since May last year. From Feb 1, balances up to $25,000 in the OCBC 360 account will ... ( read original story ...)