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Tag: finance

Posted on 07/05/2024

Singapore Stock Market May Find Additional Support On Tuesday

The Singapore stock market rebounded on Monday, one session after ending the three-day winning streak in which it had risen more than ...

Posted on 07/05/2024

Jollibee founder Tony Tan backs hotel SPAC deal despite lull in IPOs

SINGAPORE -- The founder of the Philippine fast-food giant Jollibee, Tony Tan, is throwing his full weight behind the initial public offering of a hotel brand on New York's Nasdaq via a merger with a ...

Posted on 07/05/2024

Singapore shares rise at Tuesday’s open tracking global rally; STI up 0.2%

SINGAPORE stocks entered Tuesday (May 7) morning slightly stronger following overnight gains on Wall Street and Europe brought about by optimism over potential rate cuts by central banks. Read more at ...

Posted on 07/05/2024

2 men convicted in $3b money laundering case deported to Cambodia, barred from re-entering Singapore

SINGAPORE - Two men convicted in Singapore's largest money laundering case were deported to Cambodia on Monday (May 6). Su Wenqiang and Wang Baosen, both 32, will be barred from re-entering Singapore, ...

Posted on 07/05/2024

No shortage of candidates to be Singapore’s next finance minister

DEPUTY Prime Minister Lawrence Wong will soon announce his new Cabinet, a few days before he is sworn in as Singapore’s fourth prime minister on May 15. Read more at The Business Times.

Posted on 07/05/2024

4 Asset Classes That Low-Risk Singapore Investors Can Invest In Now

Singapore investors who aim for a return of between 5% and 7% p.a. prefer four low-risk asset classes, such as fixed deposits and government bonds.

Posted on 07/05/2024

Singapore leads APAC in attracting cross-border capital

Overseas investments made up 45.6% of Singapore's capital in 1Q24. Singapore received the highest portion of cross-border capital in Asia-Pacific, receiving US$906m from institutional investors.

Posted on 07/05/2024

Glencore, PT Chandra Asri nears $1bn deal for Shell’s Singapore assets

Indonesia’s PT Chandra Asri Pacific is expected to become operator and majority owner of Shell’s Singapore assets.

Posted on 07/05/2024

HSBC names ex-Citi banker as head of global banking in Singapore

Gilbert Ng has experience in corporate finance and risk management. HSBC has announced Gilbert Ng as the new head of global banking (GB) in Singapore, effective 2 May. Ng is tasked with growing the ...

Posted on 06/05/2024

Luxury watch investment firm in breach of contract over timepieces worth $2.5m: High Court

The company was ordered to repurchase the watches at the prices it had offered. Read more at straitstimes.com.

Posted on 06/05/2024

Singapore reviewing proposal by SVCA to revive local stock market: FT

The document, according to the FT, is being reviewed by the Singapore Exchange S68 - Other agencies involved include the Economic Development Board, the Monetary Authority of Singapore and the ...

Posted on 06/05/2024

No deal to sell Dulwich College in Singapore and Seoul to Blackstone, says education group

Education in Motion said it is in the routine process of bringing in a new strategic financial partner. Read more at straitstimes.com.

Posted on 06/05/2024

Singapore looks at ways to revive stock market

Singapore is studying proposals to shake up its struggling stock market as the gap between the financial hub’s performance and other regional exchanges widens.

Posted on 06/05/2024

Standard Chartered attracts over USD1 billionin funds linked to house views

Standard Chartered Bank (“the Bank”) has raised more than USD1 billion under its suite of Signature CIO Funds. The Signature CIO Funds are a range of multi-asset solutions providing clients with an ...

Posted on 06/05/2024

Singapore telehealth stock sinks 85% as wild US IPO rally collapses

Mobile-health Network Solutions' May 4 plunge erased US$635 million from the company’s valuation. Read more at straitstimes.com.

Posted on 06/05/2024

Singapore stocks open in the black on Monday; STI up 0.3%

SINGAPORE shares advanced at the opening bell on Monday (May 6) morning, tracking gains in global markets. Read more at The Business Times.

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