along with Singapore-based bank UOB, acquired SVB India Finance, an arm of Nasdaq-listed SVB Financial Group, for about Rs 300 crore in a quasi-management buyout 2015, and rebrandedSVB India Finance in the process. ( read original story ...)
Richfield AHTS trio up for sale again
A Singapore court is trying again to dispose of three anchor ... Mortgagee United Overseas Bank (UOB) is trying to recoup $22.4m alone on the Pacific Bronze. At the time it came up for auction, the ship was deemed by VesselsValue to be worth only its ... ( read original story ...)
Singapore Insurance companies do battle!
SINGAPORE, Oct. 3, 2017 /PRNewswire/ -- Whilst most insurance companies give away petrol and shopping vouchers, Budget Direct Insurance has gone one step further. They're giving away hard cash to motorists who haven't even bought their insurance. In an ... ( read original story ...)
Smarten Spaces Announces Dinesh Malkani as its Founding Partner and Worldwide CEO
Smarten Spaces, a Singapore Headquartered company ... Citi Appointed as Depositary Bank for NuCana’s [..] Citi, acting through Citibank N.A., has been appointed by NuCana plc (“NuCana”) as depositary bank for its American Depositary ( read original story ...)
Australian financial comparison site iSelect acquires majority stake at iMoney
Also Read: PiMoney aims to provide a comprehensive aggregation solution for bank accounts, credit cards, loans and investments Founded in 2012, iMoney is headquartered in Kuala Lumpur and has presence in Malaysia, Singapore, Indonesia and the Philippines. ( read original story ...)
Asian Market Update – Tuesday: Cryptocurrencies consolidate as Asia takes holiday
While stock markets surged up, major cryptocurrencies were ... In Singapore, house prices appear to have turned up for the first time in 4 years. The Singapore housing market has been in decline for 15 consecutive quarters, but ended this with a 0.5 ... ( read original story ...)
Singapore stocks fall; Sembcorp mulling India unit IPO
Singapore stocks ended lower on Tuesday, bucking Asian equities and record gains on Wall Street overnight, hurt by losses in financials and energy shares. Asian shares advanced after U.S. stocks started the fourth quarter on a strong note on Monday, with ... ( read original story ...)
Top 8 ETFs to Invest in Singapore 2017
Investors whom have a long term horizon can participate in the Singapore’s future growth via exposure to these solid corporations. China’s export led growth has lifted the Chinese economy to World No. 2 in terms of absolute GDP, and is continuing its ... ( read original story ...)
Sembcorp Industries mulling Indian unit IPO: report
Singapore's Sembcorp Industries is planning to list its Indian unit, Mint newspaper reported on Tuesday. The unit can be either listed here in India or elsewhere, Mint reported citing two people aware of the plan. The IPO for Sembcorp India, which has ... ( read original story ...)
Standard Chartered appoints global head of technology for financial markets division
Mikhail Brovman has joined Standard Chartered as Global Head, Technology, Financial Markets on 2nd October. He is based in Singapore and reports to Dr Michael Gorriz, who is Group Chief Information Officer and interim Chief Information Officer, Corporate ... ( read original story ...)
SET on cusp of breaking 1,700
with Singapore's Straits Times index gaining the most in the region -- up 1.31%. The SET's rally was led by purchases of large-cap equities in the energy, retail, and banking sectors, such as PTT (+2.45%), IRPC (+2.38%), CPALL (+1.87%) and SCB (+1.31%). ( read original story ...)
Open letter to DBS & Singapore ambassador
You must be aware that President Duterte of Philippines had made allegations of corrupt accumulation of wealth by a Senator Antonio Trillanes IV and that the latter had stashed away those funds in many offshore bank accounts, including one account at DBS ... ( read original story ...)
Singapore REITs heat up as OCBC to tap demand for alternatives to stocks
Oversea-Chinese Banking Corp signage is displayed outside of the company’s branch in the central business district of Singapore. OCBC’s asset management arm launched the first exchange-traded fund focused on listed REITs in Singapore as it seeks to tap ... ( read original story ...)
Aquatics: World champions Peng Jianfeng and Wang Han to feature at Fina Diving Grand Prix in Singapore
will be in action at the Fina Diving Grand Prix in Singapore from Nov 3-5. The event, to be held at the OCBC Aquatic Centre, was announced by the Singapore Swimming Association (SSA) on Monday (Oct 2). Divers from Great Britain, Australia, Russia and North ... ( read original story ...)
Daily Markets Briefing: STI down 0.22%
Utilities fell -0.11% and Consumer Staples dropped -0.11%, leading the losses. The index was up 1.93% for the month. "Continued gains on Wall Street Friday could provide some cheer to the local bourse today," OCBC said. More From Singapore Business Review ( read original story ...)
CPF members shortchanged by PAP, Temasek given all the pow chiak domestic businesses (Part 2)
Examples of ‘pow chiak’ businesses include supermarket monopoly NTUC unFairprice, POSB (before lelong sale to DBS without even consulting reserves jaga President Ong Teng Cheong), PSA, CapitaLand, SingTel, Changi Airport Group, Singapore Power ... ( read original story ...)