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Tag: finance

Posted on 11/08/2020

Lendlease Global Reit Q4 DPU misses IPO forecast on circuit breaker, rental reliefs

Lendlease Global Commercial Reit (Lendlease Global Reit) on Tuesday (Aug 110 posted a distribution per unit (DPU) of 0.48 cent for its fourth quarter ended June 30, 62.7 per cent lower than the ... ( read original story ...)

Posted on 11/08/2020

Singapore’s trade finance startup Incomlend raises $20M led by Sequoia Capital India

Incomlend, a Singapore-headquartered startup that operates a trading platform to connect exporters and importers with investors, has raised $20 million in a new financing round, it said on Tuesday. ( read original story ...)

Posted on 11/08/2020

Singapore’s economic contraction in the second quarter was worse than initial estimates

The Ministry of Trade and Industry revised its full-year forecast for Singapore to register an economic contraction of between 5% and 7% in 2020. Previously, it had expected the country's GDP to fall ... ( read original story ...)

Posted on 11/08/2020

Singapore’s recession worse than first thought as virus slams Asia’s exporters

Singapore's recession was deeper than first estimated in the second quarter as the coronavirus pandemic dealt a major blow to Asia's trade-reliant economies. "There continues to be significant ... ( read original story ...)

Posted on 11/08/2020

Singapore second-quarter recession deeper than initial estimates

Singapore's recession was deeper than first thought in the second quarter due to coronavirus lockdown measures, and the government said the trade-reliant economy's path to recovery remained uncertain ... ( read original story ...)

Posted on 11/08/2020

How Singapore Nurtured Foreign Tech Trio Who Became Billionaires

David Chen left his native China as a teenager to attend school in Singapore. Little did he know that his adopted city would help him reach the ranks of the ultra-rich.The co-founder of Sea Ltd. is ... ( read original story ...)

Posted on 11/08/2020

Singapore-based NRI media entrepreneurs list $100 million SPAC IPO on Nasdaq

Vistas Media Acquisition Company (VMAC) on Friday commenced trading of its $100 million initial public offering (IPO) on Nasdaq. The offering consists of 10,000,000 units at a pri ... ( read original story ...)

Posted on 10/08/2020

Team Singapore bagged 3 medals at World Championships of Performing Arts 2020

Team Singapore representatives bagged 3 medals at the World Championships of Performing Arts (WCOPA) 2020, which showcased remarkable talents of dancers, actors, singers, models and variety artists ... ( read original story ...)

Posted on 07/08/2020

Southeast Asian companies to accelerate IPO plans

Southeast Asian tech and consumer durables companies are mulling over applying for IPO in 2020 while startups in Vietnam are looking at choppy waters. ( read original story ...)

Posted on 07/08/2020

MAS urges finance firms to cap dividends, following similar advice to banks

Finance companies incorporated in Singapore have been urged to cap their dividends, said the Monetary Authority of Singapore (MAS) on ... ( read original story ...)

Posted on 07/08/2020

Singapore c.bank urges finance firms to cap dividends

The Monetary Authority of Singapore said on Friday it had urged finance companies incorporated in the city-state to cap their dividends in order to improve their ability to support the credit needs of ... ( read original story ...)

Posted on 07/08/2020

Singapore Charges Director in Its First Wirecard-Linked Case

Singapore has accused a director of a local accounting firm of falsifying documents, making its first charges in relation to the scandal surrounding disgraced German payments company Wirecard AG. ( read original story ...)

Posted on 07/08/2020

HashCash Offers White Label ICO Platform to Leading Enterprise in Singapore

HashCash has joined hands with a leading enterprise based out of Singapore to aid them in launching an ICO services platform. The leading global blockchain development firm is offering its advanced ... ( read original story ...)

Posted on 07/08/2020

OCBC profit falls 40%, rounds up cautious outlook for Singapore banks

SINGAPORE, Aug 7 (Reuters) - Singapore's second-largest lender Oversea-Chinese Banking Corp OCBC reported a larger-than-expected 40% tumble in second-quarter ne ... ( read original story ...)

Posted on 07/08/2020

Singapore could see a surge in COVID-19 cases after foreign workers are tested

Wong also urged the contractors to put in place the required safe management measures to minimise the chances of forming of large clusters. ( read original story ...)

Posted on 06/08/2020

Singapore’s United Overseas Bank H1 Profit Down, Declares Dividend; Stock Up

(RTTNews) - Singapore-based United Overseas Bank Ltd. or UOB Group (UOVEF.PK, UOVEY.PK) reported Thursday that second-quarter net earnings fell 40 percent to S$703 million from S$1.17 billion last ... ( read original story ...)

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