The company, subsidiary of Singapore-based Malacca Trust Limited and linked to the family of former president Bacharuddin Jusuf Habibie, is one of the oldest insurance companies in Indonesia (established in 1952). Through its initial public offering (IPO ... ( read original story ...)
Singapore snaps up 10% of Glenveagh as housebuilder floats
The shares were sold in the IPO at a price of €1 each. Singapore’s GIC currently owns 10.2 per cent of Glenveagh, though this will fall to 9.4 per cent, subject to the additional shares being placed, according to a final prospectus on the deal ... ( read original story ...)
Saudis Weigh Delaying International Part of Aramco IPO
That would eclipse the $25 billion raised by Alibaba Group Holding Ltd. in 2014. London and New York exchanges are vying for a role in Aramco IPO, with Hong Kong, Singapore, Tokyo and Toronto also trying to attract the sale. The Financial Conduct Authority ... ( read original story ...)
Aramco IPO may be delayed
That would eclipse the US$25bil raised by Alibaba Group Holding Ltd in 2014. London and New York exchanges are vying for a role in the Aramco IPO, with Hong Kong, Singapore, Tokyo and Toronto also trying to attract the sale. The Financial Conduct Authority ... ( read original story ...)
Inda’s foreign reserves enough to cushion vulnerabilities: DBS
India’s foreign reserves, which touched a record $402.5 billion in September, are high enough to cushion the country against external vulnerabilities, the Development Bank of Singapore (DBS) said today. The import cover (on total reserves minus gold ... ( read original story ...)
India’s foreign reserves enough to cushion vulnerabilities: DBS
the Development Bank of Singapore (DBS) said today. The import cover (on total reserves minus gold) is better than what is seen during the 2013 taper tantrum, said DBS in its report on Indian economy. Taper tantrum is the term used to refer to the 2013 ... ( read original story ...)
Wish Finance Launches Blockchain and Artificial Intelligence Based Lending Platform for SMEs
SINGAPORE, SINGAPORE / ACCESSWIRE / October 11, 2017 / Wish Finance is an innovative cutting-edge technology start-up that aims to offer new alternatives to the traditional lending industry. The project extends the lending market from the popular P2P to ... ( read original story ...)
Marvelstone Group to Kickstart World’s Largest AI Hub in Singapore
Marvelstone Group, the private investment firm behind Singapore-based fintech hub LATTICE80 ... help them to commercialise products and identify market fit. Here at Fintech Finance, we work with renowned executives in the industry to provide key decision ... ( read original story ...)
Asean banks need to raise the bar in sustainable finance
Jeanne Stampe, WWF’s head of Asia finance and commodities, commented that while Singapore banks are in the lead, this is based on the information they disclose. “Some banks maybe doing but not saying,” she said. The report recommends that financial ... ( read original story ...)
Marvelstone Group to Kickstart World’s Largest Artificial Intelligence (AI) Hub in Singapore
About Marvelstone Group Headquartered in Singapore, Marvelstone is a private investment group that develops specialized investment strategies and invests in high-potential businesses. With finance at its core, Marvelstone also has diversified investments ... ( read original story ...)
UOB AM “bullishly neutral” on global equities and fixed income
Singapore-based UOB Asset Management (UOB AM) is “bullishly neutral” on the near-term outlook for global equities and fixed income and expects positive returns from these markets in this final quarter of 2017. “We maintain a neutral outlook for the ... ( read original story ...)
Singapore stock market likely to extend gains, say analysts
SINGAPORE - After two weeks of solid gains in the stock market that sent the benchmark Straits Times Index (STI) up by nearly 100 points or 3.1 per cent to breach through the 3,300 level, what are the odds of a third week of gain? Pretty good, analysts ... ( read original story ...)
City Developments Limited Leads the Singapore Stock Market Higher This Week
The local stock market, as represented by the Straits Times Index (SGX: ^STI), inched up 0.8% to 3,319.1 points for the week. Out of the 30 STI components, 22 were in the green; seven were in the red while one – Global Logistic Properties Ltd (SGX: MC0 ... ( read original story ...)
Renewed Consolidation Tipped For Singapore Shares
(RTTNews.com) - The Singapore stock market on Thursday ended the two-day slide in which it had fallen almost a dozen points or 0.3 percent. The Straits Times Index now rests just above the 3,300-point plateau although it figures to head south again on Friday. ( read original story ...)
DBS Receives Liberia Registry Approval to Provide IMO DCS Verification Services
Under the approval, DBS will be able to review Ship Energy Efficiency Management ... FSP Lead Asia (Fixed Spot Price / Fixed Price Agreements) (Bunker Holding Group, Singapore) Salling Search has been appointed by Bunker Holding Group to search for a ... ( read original story ...)
DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights
The Development Bank of Singapore (DBS) expects policy fine-tuning from the Indian government — on the lines of the Goods and Services Tax (GST) — in coming weeks. According to DBS, incoming high-frequency data are likely to improve. The index of ... ( read original story ...)