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Tag: finance

Posted on 14/05/2024

Singapore’s Sea Tops Estimates as Online Shoppers Spend More

The stock jumped 7% in pre-market trading after the Singapore-based internet firm posted adjusted earnings before interest, taxes, depreciation and amortization of $401 million. While that’s a 21% ...

Posted on 14/05/2024

HSBC Life Singapore unveils universal life plan for affluent clients

It offers both life insurance and investments. HSBC Life Singapore has launched HSBC Life Diamond Prestige IUL, an indexed universal life plan for the affluent segment. It offers both life insurance ...

Posted on 14/05/2024

S$3bil money laundering case: Man jailed 13 months, 6 weeks, forfeits highest amount of assets seized

SINGAPORE: The accused in Singapore’s S$3 billion money laundering case, who faces the most number of charges, has also forfeited the most amount of assets seized to the state.

Posted on 14/05/2024

CIMB Singapore offers 3.55% p.a. rate on new SGD business fixed deposit accounts

CIMB Singapore says the fixed deposit account is one of the highest interest-bearing business accounts available in the market.

Posted on 14/05/2024

Monetary Authority of Singapore (MAS) to deliver keynote at ILS Asia 2024

With our ILS Asia 2024 conference in Singapore being held in less than two months, on July 11th, we are now delighted to announce that the Monetary ...

Posted on 14/05/2024

CIMB Singapore offers high interest rate of 3.55%* per annum on new CIMB Business Fixed Deposit accounts

SINGAPORE, May 14, 2024 /PRNewswire/ -- CIMB Singapore is offering a limited-time interest rate of 3.55%* per annum on a 3-month SGD Fixed Deposit for all new business customers, or 5.10%* p.a. on a 3 ...

Posted on 14/05/2024

Singapore stocks opened steady on Tuesday—STI up by 0.01%

SINGAPORE: Singapore stocks opened steady on Tuesday morning, reflecting global market sentiment as investors awaited... The post Singapore stocks opened steady on Tuesday—STI up by 0.01% appeared fir ...

Posted on 14/05/2024

Singapore PM-designate Lawrence Wong keeps old guard in reshuffle

Wong picked Trade Minister Gan Kim Yong as his deputy, keeping the Cabinet of outgoing leader Lee Hsien Loong largely intact.

Posted on 14/05/2024

HSBC unveils new universal life plan targeting high and ultra high net worth individuals

HSBC says that the HSBC Life Diamond Prestige IUL’s index account offers customers higher returns from the global equity market.

Posted on 14/05/2024

Q1 2024 update: private equity deals in power in Singapore

The $20m investment by Responsability Investments in CleanEdge Resources ... In value terms, private equity deal activity in Singapore decreased in Q1 2024 compared with the previous quarter and as ...

Posted on 14/05/2024

Q1 2024 update: M&A activity in mining in Singapore

In the Singaporean mining industry, there were 3 M&A deals announced in Q1 2024, worth a total value of $36.4m, according to GlobalData’s Deals Database. The $35m minority acquisition of Geo Energy ...

Posted on 14/05/2024

Briefs: Singapore must recognise stock-market challenges: DPM Wong; StarHub and M1 potential merger said to be back on

Yet on a panel at Intel’s AI Summit, IDC’s VP in data analytics, AI, sustainability, and industry research, Chris Marshall, said that Singapore’s challenge in scaling AI is its small and ageing ...

Posted on 14/05/2024

OCBC prices US$500 million fixed-rate subordinated notes

OCBC has priced US$500 million of fixed-rate subordinated notes to be issued under its US$30 billion global medium-term note programme. Read more at The Business Times.

Posted on 14/05/2024

Haidilao restaurant operator Super Hi targets $1.87 billion valuation in US IPO

Singapore-based Super Hi’s 2023 revenue stood at US$686.4 million compared with US$558.2 million a year earlier. Read more at straitstimes.com.

Posted on 14/05/2024

Bankers need to learn to deal with ambiguity to navigate rising uncertainty: HSBC’s Ashmita Acharya

IN AN increasingly uncertain world, being able to deal with ambiguity can help navigate challenges and ever-changing trends, said Ashmita Acharya, head of wealth and personal banking at HSBC Singapore ...

Posted on 14/05/2024

Shein Leans to London IPO Amid U.S. Hurdles

The fast-fashion company headquartered in Singapore hasn't ruled out a U.S. listing, but the London Stock Exchange offers an easier route to going public, possibly within a month.

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