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Tag: finance

Posted on 28/05/2024

Grab driver with just S$16 left in his bank account passes away; Grab waives his S$1.9K outstanding fees

SINGAPORE: The passing of a Grab driver in Singapore, Mr Soh, has sparked attention and... The post Grab driver with just S$16 left in his bank account passes away; Grab waives his S$1.9K outstanding ...

Posted on 28/05/2024

Singapore Embedded Finance Business Report 2024: Market to Grow by 33.5% to Reach $2.7 Billion this Year Before Reaching $7.85 Billion by 2029

Rise of e-commerce and platform-based businesses: The growth of e-commerce platforms and other digital marketplaces creates new opportunities for embedded finance solutions. Businesses can offer ...

Posted on 28/05/2024

Malaysia dreams of start-up paradise – but Singapore is still more attractive

Start-up founders say there is a mismatch between their needs and the agendas of Malaysian government-linked seed funds Some venture capitalists say the outlook is improving for start-ups in Malaysia, ...

Posted on 28/05/2024

Growing gamut of India-Singapore relations

India and Singapore efforts and strategic planning have brought the bilateral linkages between them to a new juncture, further opening up with upswing in the ...

Posted on 28/05/2024

Asian Paints’ Singapore arm inks pact to acquire 24.3% stake in SCB

Asian Paints said that its Singapore wholly owned subsidiary, Asian Paints International (APIPL) entered into a share purchase agreement with SCIB Chemicals S.A.E., Egypt (SCIB) to acquire 24.3% stake ...

Posted on 28/05/2024

Singapore stocks rise on Tuesday; STI up 0.3%

SINGAPORE shares started Tuesday (May 28) on a stronger note, following European stocks’ overnight gains. Read more at The Business Times.

Posted on 28/05/2024

S’pore biotech start-up Mirxes refiles for Hong Kong IPO, eyes growth in China

Founded in 2014 as a spin-off from Singapore’s Agency for Science, Technology and Research (A*Star), Mirxes focuses on microRNA-based cancer detection. Its flagship product, GastroClear, is the ...

Posted on 27/05/2024

Singapore invests $37.1m for precision oncology research

Office, MOH Holdings, Pte Ltd, has invested $37.1m (S$50m) to advance precision oncology research in Singapore. The investment, under the NMRC Open Fund-Large Collaborative Grant (OF-LCG) programme, ...

Posted on 27/05/2024

Hong Kong’s stock exchange hustles for more IPOs as capital returns to the market

S'pore and Hong Kong have a part to play in the growth of the region’s wealth, the CEO of HKEX said. Read more at straitstimes.com.

Posted on 27/05/2024

Singapore Exchange Market closes marginally higher

At closing bell, the Straits Times Index (STI) index edged up 1.89 points, or 0.06% to 3,318.45 after trading between 3,308.94 and 3,324.07. Across the broader market, advancers outpaced decliners 328 ...

Posted on 27/05/2024

UOB poised to benefit from growth of SEA’s mass affluent segment

SEA’s mass affluent market grew by 36.4% between 2017 and 2022, and healthy growth is expected to continue. ASEAN nations have notably been benefiting from foreign direct investment, increasing level ...

Posted on 27/05/2024

DBS, UOB, and OCBC lead SG stocks with a $500m net institutional inflow

The trio averaged 15.6% total returns from 1 January to 23 May. DBS Group Holdings (DBS), United Overseas Bank (UOB) and Oversea-Chinese Banking Corporation (OCBC) remain the most traded stocks in ...

Posted on 27/05/2024

Haidilao operator Super Hi targets $1.38bn valuation in US IPO

S uper Hi International, operator of the Chinese hotpot restaurant chain Haidilao outside China, is targeting a valuation of $1.38bn in its initial public offering (IPO) in the US, Reuters has ...

Posted on 27/05/2024

Singapore’s Seatrium gets $8bn boost as Petrobras orders more FPSOs

Seatrium has secured fresh orders worth SGD 11bn ($8.1bn) after Brazil’s Petrobras ordered two more floating production, storage and offloading (FPSOs) at the group. Construction for the P-84 and P-85 ...

Posted on 27/05/2024

Banks, utilities top Morgan Stanley’s top stocks in Singapore

DBS, OCBC, Singtel, Sembcorp and Genting are its top picks. Defying global uncertainties, Singapore’s equity market is well-positioned to benefit from elevated interest rates with high-dividend stocks ...

Posted on 27/05/2024

Philippine Senate probes mayor linked to couple in Singapore’s S$3b money laundering case

THE mayor of a small town in the Philippines, who is said to own 16 vehicles and a helicopter, has been linked to two foreigners arrested in Singapore’s S$3 billion money laundering case. Read more at ...

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