Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with the matter ...
Growing calls for regulating online finance-related content amid rise of ‘finfluencers’
Calls for regulating online finance-related content are picking up pace in Singapore, amid a growing number of so-called financial influencers, or "finfluencers". In a bid to tackle possible ...
IGI IPO subscription opens today: GMP up 18%; Should you bid or avoid?
International Gemmological Institute IPO GMP is up 17.99 per cent at Rs 492 per share against the upper end of the price band of Rs 417 ...
Close to S$15.8 billion set aside under banks’ ‘money lock’ feature to protect customers from potential scams
More than 181,000 customers have used the “money lock” option as of Oct 31, about a year after it was introduced, the Monetary Authority of Singapore (MAS) said.
Asian countries’ investment in lab-grown meat could revolutionize the market
In the West, lab-grown meat struggles to shake its niche status. Meanwhile, Asian countries are investing in the technology as a cornerstone of future food security.
Exclusive-Singapore, Vietnam firms in talks for new undersea cables, sources say
Singaporean asset manager Keppel and Vietnamese conglomerate Sovico Group are discussing plans for new undersea fiber-optic cables that would boost the region's data centre industry, people familiar ...
Carlyle Is Said to Mull $1 Billion IPO of Quest Global in Mumbai
Carlyle Group Inc. is considering an initial public offering of engineering services firm Quest Global Services Pte in India, people familiar with the matter said, amid increasing investor interest in ...
OCBC chief Helen Wong joins Ho Ching, Jenny Lee on Forbes’ 100 most powerful women list
This year, three Singaporeans have been named in Forbes Magazine's 100 most powerful women list which was released on Wednesday (Dec 11). Among them is OCBC chief Helen Wong, who came in at number 59.
Should I give my child a debit card?
It can be a useful teaching tool for children to learn about money management. But parental guidance is key. Read more at straitstimes.com.
Panin Bank acquisition could add 2-3% to DBS’ or OCBC’s profit: RHB
A FULL takeover of Bank Pan Indonesia could add 2 to 3 per cent to the bottom line of DBS or OCBC, said RHB in a report Friday (Dec 13). Read more at The Business Times.
Trust issues halt AI investments; over 70% of Singaporean businesses scale back despite AI’s potential, says Qlik report
The report by Qlik reveals that 74% of businesses in Singapore have reduced their AI investments due to trust concerns, far surpassing the global average of 61%. While 90% of senior decision-makers in ...
International Gemmological Institute IPO opens today: Should you apply?
International Gemmological Institute is selling its shares in the price band of Rs 397-417 apiece, which could apply for a minimum of 35 shares and its multiples to raise a total of Rs 4,225 crore.
OCBC launches initiative to empower SMEs in Johor-Singapore Special Economic Zone
SINGAPORE: OCBC has introduced a new initiative to help small- and medium-sized enterprises (SMEs) seize emerging opportunities from the Johor-Singapore Special Economic Zone (JS-SEZ).
Singapore stocks fell as trading began on Friday—STI dropped 0.2%
SINGAPORE: Singapore stocks fell as trading began on Friday (Dec 13) after China stepped up its efforts to support the economy in response to growing trade tensions with the United States. The Straits ...
Panin Bank acquisition impact for OCBC and DBS could be smaller given uncertainties surrounding Gunawan family’s plans:
An OCBC-Panin Bank combination would lift the enlarged group to fifth position while a DBS-Panin Bank entity would propel DBS into the top 10 versus its high-teens ranking.
International Gemmological Institute IPO: Blackstone-backed firm raises ₹1,900 crore from anchor investors
International Gemmological Institute Ltd has raised ₹1,900 crore from anchor investors ahead of its public issue. The IPO is set to open for public bidding on Friday, December 13.