Digital banks have been up and running for about two years here but turning a profit remains as elusive as ever.
Annual Standard Chartered Singapore Marathon draws around 13,000 international runners from 84 countries
This year's Standard Chartered Singapore Marathon is seeing an upward trend in international participation. Around 13,000 people from more than 80 countries joined the run, making it the highest since ...
SGX’s 4 IPOs in 2024 lowest in over a decade, but outlook is bright for 2025: Report
More healthcare and real estate sector listings are expected in 2025, said PwC. Read more at straitstimes.com.
OCBC appoints Lian Wee Cheow as non-executive director
In addition to his new appointment, Lian is also currently the vice chairman of the Singapore International Foundation.
SGX’s 4 IPOs in 2024 is the lowest in a decade, but outlook is bright for 2025: Report
More healthcare and real estate sector listings are expected next year, said PwC. Read more at straitstimes.com.
Singapore’s wealth fund invests $150m in AHH
Singapore's sovereign wealth fund, the Government of Singapore Investment Corporation (GIC), will invest $150m in India-based Asia Healthcare Holdings (AHH), acquiring a majority stake in the venture.
Grand Venture Technology rides semicon recovery by investing ‘ahead of the curve
Originally focused on back-end semiconductor manufacturing, including wire bonding and chip testing, GVT now also offers front-end services, a market said to be ten times larger than the back-end.
Bain-backed chipmaker Kioxia’s shares rise in market debut
SINGAPORE (Reuters) -Shares of Kioxia rose 3% in their market debut on Wednesday, valuing the Bain-backed chipmaker at 807 billion yen ($5.25 billion). Kioxia, a major manufacturer of memory chips, ...
Singapore’s digital banks say they serve a niche, need time to turn profits
GXS Bank, MariBank and Trust Bank reported a rise in total income in 2023 but fell deeper into the red. Read more at straitstimes.com.
DAM Capital Advisors IPO: From financials to key risks – Here are 10 key things to know from RHP
DAM Capital Advisors IPO opens for subscription on December 19, closing on December 21. Valued at ₹840.25 crore, the IPO offers 2.97 crore shares priced between ₹269- ₹283. Retail investors can invest ...
Daily Cuts – Will Singapore’s NODX rebound be sustained going into 2025?
Singapore Today's Lance Alexander and Justine Moss speak with Jeff Ng, Head, Asia Macro Strategy, Sumitomo Mitsui Banking Corporation, about what could have led Singapore's non-oil domestic exports to ...
DBS forecasts strong growth for suburban retail Reits in 2025, names its top picks
SINGAPORE’S suburban real estate investment trusts (Reits) are poised for growth next year, although there is a temporary risk in the form of retail business flowing to Johor Bahru (JB) by way of the ...
Singapore’s consumer watchdog works to raise awareness on fast-growing financial influencer sector
The authorities said last month that financial influencers, or finfluencers, must be licensed and regulated if they provide financial advice.
Singapore targets 1.2 mn Indian tourists in 2024-end; no visa-free entry
In an interview with Business Standard, Markus Tan and Renjie Wong of Singapore Tourism Board discussed the surge in Indian tourists, future attractions, sustainability efforts, and travel trends ...
2025 a year of moderation for S’pore hotels, DBS names CapitaLand Ascott Trust as top pick
Analysts Geraldine Wong and Derek Tan point out that Singapore had a good year for tourism in 2024, with visa-free arrangements with Chain and Taylor Swift Concerts. This also makes for a high base ...
PIF-backed Saudi Global Ports taps banks ahead of potential IPO – report
Saudi Global Ports (SGP), a joint venture between the sovereign Public Investment Fund and Singapore’s PSA International, has tapped banks ahead of a potential IPO, according to Bloomberg.