MANILA, Philippines — DBS Bank Ltd of Singapore said the Bangko Sentral ng Pilipinas (BSP) is seen turning hawkish and raising interest rates either in November or December to address overheating risks in the economy. DBS economist Gundy Cahyadi said ... ( read original story ...)
Tencent-backed Southeast Asian gaming platform Sea sets terms for $646 million US IPO
Sea, which is leading online gaming platform in Southeast Asia, announced terms for its IPO on Friday. The Singapore-based company plans to raise $646 million by offering 49.7 million shares at a price range of $12 to $14. At the midpoint of the proposed ... ( read original story ...)
VTB Capital values Russia’s En+ at $9 bln-$12 bln ahead of IPO
The base amount of the deal mentioned by Malkov does not include Singapore's AnAn Group, a strategic partner of China's CEFC, which agreed to purchase global depository receipts (GDRs) during the IPO for $500 million. The IPO will be split between new and ... ( read original story ...)
Explore Stunning Singapore Open Venue Sentosa Golf Club
It’s a busy time for the club with a number of championships, both professional and amateur, in 2018, including the returning SMBC Singapore Open (18-21 January), The HSBC Women’s Champions (1-4 March), The Women’s Amateur Asia Pacific (21-24 ... ( read original story ...)
Standard Chartered Faces Inquiry Over $1.4 Billion Transfer by Indonesians
LONDON — Regulators in Guernsey and in Singapore have opened an inquiry into Standard Chartered over the transfer of about $1.4 billion by clients with links to the Indonesian military. Standard Chartered, which is based in London but does most of its ... ( read original story ...)
MOVES-DBS Bank names new chief economist
Oct 6 (Reuters) - Singapore-based DBS Bank, a unit of DBS Group Holdings Ltd, named Taimur Baig as chief economist and managing director for group research, replacing David Carbon, who is retiring. Baig will report to Timothy Wong, managing director and ... ( read original story ...)
Standard Chartered $1.4bn Guernsey transfer investigated
A $1.4bn (£1.1bn) money transfer between the Guernsey and Singapore offices of Standard Chartered is under investigation by financial regulators. The assets were moved in 2015, before the Channel Island adopted new rules on exchanging tax information with ... ( read original story ...)
Godrej Agrovet IPO subscribed 97 times on last day
The Rs1,157 crore IPO comprised a fresh issue of shares worth Rs291.5 crore ... which at the upper end of the price band will fetch the Singapore state-owned investor about Rs565.8 crore. Temasek invested Rs572 crore in 2012. Post share sale, Temasek ... ( read original story ...)
Godrej Agrovet $178 million IPO subscribed over 95 times
Godrej Agrovet was selling new shares worth 2.92 billion rupees in the IPO. Its main shareholder Godrej Industries was selling secondary shares of 3 billion rupees, and a unit of Singapore’s Temasek Holdings offered 12.3 million shares. Anchor investors ... ( read original story ...)
Godrej Agrovet IPO subscribed over 95 times on last day
Government of Singapore, among others, at Rs 460 apiece. Godrej Industries owns 60.81 per cent stake in Godrej Agrovet and intends to use the IPO proceeds towards loan repayments and other general purposes. The company is the largest palm oil producer in ... ( read original story ...)
DISLODGED TOILET DOOR @ TPY HUB LEFT UNATTENDED, NOT SAFE FOR WOMEN
Went shopping with my hubby at Toa Payoh Central. Upon reaching, I had to visit the toilet and we came to this toilet just beside the POSB/DBS atm at HDB hub level one. The toilet was packed and I waited for my almost 15mins which is quite common for ... ( read original story ...)
Citigroup considering onshore cash equities business in China
FILE PHOTO - Reflections are seen on the glass facade of a Citibank branch in Beijing Thomson Reuters ... mainly at its Hong Kong and Singapore hubs, Richard Heyes told Reuters. Citi's sharpened focus on its Asia equities business, which includes stock ... ( read original story ...)
Is The FinTech Bubble About to Burst?
I’ve been fortunate to work closely within the FinTech ecosystem in Singapore/APAC and now presently here in ... There is a great quote taken from Walter Wriston, a former CEO of Citibank (1967-1984) “Information about money is more valuable than ... ( read original story ...)
Record $132k dished out to startups at Singapore social enterprise awards
Organized by DBS Foundation – the Singaporean bank’s social entrepreneurship initiative – and the National University of Singapore’s commercialization arm, NUS Enterprise, SVC Asia highlights innovative projects and business proposals that ... ( read original story ...)
Singapore Media Regulator Partners with Asian Banks to Pilot Blockchain-based Customer Identification System
The banks are OCBC Bank, Mitsubishi UFJ Financial Group (MUFG), and HSBC Singapore. According to IMDA chief executive officer (CEO), Tan Kiat How, the trial forms part of their strategy to create a dynamic digital economy. "IMDA supports the ambitious use ... ( read original story ...)
Godrej Agrovet IPO subscribed 89% till noon on Day 2
On the first day, the IPO was subscribed 53 per cent ... The anchor investors include the Government of Singapore, First State Indian Subcontinent Fund, JP Morgan, Russell Investment Company, The India Fund Inc — Aberdeen, Goldman Sachs India, SBI ... ( read original story ...)