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Tag: finance

Posted on 31/12/2024

China to upgrade FTA with Singapore, implement FTA with Maldives, in show of commitment to free trade

China's Ministry of Commerce (MOFCOM) announced on Monday that the China-Singapore Free Trade Agreement (FTA) Further Upgrade Protocol will come into effect on Tuesday. Also on Monday, Wang Wentao, ...

Posted on 31/12/2024

OCBC to offload full 33.33% stake in Hong Kong Life Insurance

"OCBC to offload full 33.33% stake in Hong Kong Life Insurance " was originally created and published by Life Insurance International, a GlobalData owned brand.

Posted on 30/12/2024

OCBC selling stake in Hong Kong Life Insurance for $103 million

SINGAPORE - OCBC has agreed to sell its entire stake in Hong Kong Life Insurance to a Hong Kong investment holding company for HK$589.3 million (S$103 million). OCBC, through its wholly owned ...

Posted on 30/12/2024

Trump’s next steps will shape economic outlook for 2025: OCBC Bank’s Vasu Menon

Vasu Menon, Managing Director, Investment Strategy Wealth Management of OCBC Bank Singapore talks about the factors that will drive the global economy and markets in 2025.

Posted on 30/12/2024

Who Is Lim Oon Kuin, Singapore Oil Tycoon Declared Bankrupt?

The government gazette revealed that Lim Oon Kuin, founder of the Hin Leong Trading Pte., and his children, Lim Huey Ching and Lim Chee Meng, were issued bankruptcy orders on December 19. Both ...

Posted on 30/12/2024

Singapore’s DBS appoints Rajat Verma as DBS Bank India CEO

Singapore's DBS Group said on Monday it has appointed Rajat Verma as chief executive officer of DBS Bank India, succeeding Surojit Shome, who would retire at the end of February.

Posted on 30/12/2024

Rajat Verma appointed as CEO of DBS Bank India from March 2025

DBS Bank has appointed Rajat Verma as its new chief executive officer of DBS Bank India effective from Mar 1, 2025. Read more at The Business Times.

Posted on 30/12/2024

Singapore stocks saw little change on Monday morning—STI edged up 0.03%

In the broader market, 56 stocks gained while 46 declined, with 51.2 million securities valued at S$42.5 million traded ...

Posted on 30/12/2024

Possible IPO of Sunway Healthcare and Columbia Asia might spur re-rating of IHH Healthcare: Maybank

Maybank Securities has resumed coverage of IHH Healthcare , with a "buy" call and sum-of-the-parts based RM7.97 target price for its Bursa-quoted shares, up from a previous target of RM7.13. IHH ...

Posted on 30/12/2024

SingPost Names Group Finance Chief After Whistleblower Report

Singapore Post Ltd. named a group chief financial officer and said the search for a chief executive continues after it fired a number of senior executives over allegations of misconduct.

Posted on 30/12/2024

Singapore oil mogul declared bankrupt

SINGAPORE: Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire.

Posted on 30/12/2024

OCBC sells stake in Hong Kong Life Insurance for $103 million

SINGAPORE - OCBC has agreed to sell its entire stake in Hong Kong Life Insurance to a Hong Kong investment holding company for HK$589.3 million (S$103 million). OCBC, through its wholly owned ...

Posted on 30/12/2024

Singapore Shares Expected To Remain Rangebound On Monday

The Singapore stock market bounced higher again on Friday, one session after ending the two-day winning streak in which it had ...

Posted on 30/12/2024

Mizuho Bank Singapore brings festive cheer to needy students

EMPLOYEES of Mizuho Bank Singapore recently brought some festive cheer to more than 40 students from AWWA’s Special Student Care Centre. Read more at The Business Times.

Posted on 29/12/2024

Singapore Oil Tycoon Lim Oon Kuin Bankrupt After Empire’s Dramatic Collapse

Lim Oon Kuin, the once-prominent oil tycoon and founder of Hin Leong Trading Pte., has been officially declared bankrupt in Singapore. This marks another chapter in the downfall of his once-thriving ...

Posted on 29/12/2024

Singapore oil tycoon Lim Oon Kuin declared bankrupt by court amid Rs 29797 crore settlement after collapse of…

Former tycoon Lim Oon Kuin, founder of Hin Leong Trading, was declared bankrupt after his oil empire's collapse amid fraud allegations and a USD 3.59 billion settlement.

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