Assuming the over-allotment option is fully exercised, Lee, together with his wife, Ng Lee Tieng, who has a board seat at 99 Speed Mart, will own a post-IPO stake of 80% ... Burger King franchise in ...
Singapore stocks open flat on Friday as US stocks fall and Europe stocks gain
SINGAPORE: Singapore stocks opened flat on Friday, Aug 23, following a decline in US indices and an overnight rise in Europe’s main stock index. The Straits Times Index (STI) saw a slight uptick, ...
Singapore fintech MoneyHero makes unsolicited US$8 million bid to acquire MoneySmart
The Singapore fintech company operates online personal finance platforms that recommend financial products. It runs platforms such as Seedly and SingSaver in Singapore, and also has a presence in Hong ...
Bank of Singapore looks to double revenue from Middle East in 3 years
UAE, and in particular Dubai, have become key destinations for global millionaires post-COVID, says bank’s top official ...
Singapore July core inflation 2.5% y/y, lowest in more than two years
Singapore's key consumer price gauge rose 2.5% in July from a year earlier, the smallest increase since February 2022, official data showed on Friday. The core inflation rate - which excludes private ...
OCBC’s Bank of Singapore sees Middle East accounting for a fifth of assets over 3 to 5 years
A unit of OCBC and one of Asia’s biggest private banks, Bank of Singapore has grown its assets under management (AUM) to US$116 billion (S$152 billion) as at end-September 2023 from about US$20 ...
Singapore shares open flat on Friday after US, Europe indices close mixed overnight
SINGAPORE shares opened flat on Friday (Aug 23) morning, after US indices fell and Europe’s main stock index climbed overnight. The Straits Times Index rose 0.03 point to 3,373.61 as at 9.01 am.
Scam victims in Singapore lost $385.6m in first half of 2024 as cases hit high of 26,587
Singapore is lowering the maximum limit on daily CPF withdrawals from $200,000 to $50,000, starting next month. It's also considering giving police the power to restrict a scam victim's banking ...
Revenue-Based Finance Provider Efficient Capital Labs Secures Series A Funding Co-Led by QED and 645 Ventures
Efficient Capital Labs (ECL), one of the leading revenue-based financing providers that provide non-dilutive capital to B2B SaaS companies in the South Asia-U.S. corridor, has announced fundraising of ...
Major Stake Sales and Purchases in PNB Housing Finance
Asia Opportunities V (Mauritius) sold a 3% stake in PNB Housing Finance for Rs 676 crore, while the Government of Singapore acquired 16 lakh shares for Rs 143.74 crore. This transaction reduced Asia ...
DBS and UOB not worried about competition from digital banks
Traditional banks in Singapore have managed to maintain market share in casa growth despite the presence of pure digital banks.
DBS: CDLHT and FEHT likely top beneficiaries of expected Sept rate cuts
DBS experts said that REITs with over 20% of their loans unhedged will see the most immediate gains, as reported by Singapore Business Review. DBS said CDL Hospitality Trusts (CDLHT) and Far East ...
MHA mulls allowing police to restrict victims’ banking transactions to tackle scams
The restriction will be time-limited, meaning the account will be frozen temporarily. Read more at straitstimes.com.
S’pore banks signal pivot to fee income, fixed-rate loans, cash flow hedges as rate cuts loom
Rising and declining interest rates are both double-edged swords for the local banks. As interest rates rise, banks usually re-price their loans faster than deposits. However, as the rising interest ...
DBS Bank pilots blockchain-based government grants
Singapore’s DBS Bank launched a solution that uses blockchain technology to streamline the disbursement of government grants. DBS Bank announced that in the pilot, it collaborated with Enterprise ...
Singapore’s Temasek to issue 2.7b offshore Chinese yuan bond
SINGAPORE - Singapore's state investment firm Temasek will issue 10-year and 30-year offshore Chinese yuan bonds with a total worth of 2.7 billion yuan ($379 million), according to the latest ...