SINGAPORE shares rose on Friday (Aug 30) morning, after US indices were mixed and Europe’s main stock index closed higher overnight. Read more at The Business Times.
1MDB says bid to strike out its $513m claim against BSI Bank dismissed in Singapore
A bid by now defunct BSI Bank Limited to strike out a US$394 million (S$513 million) claim against it by scandal-hit Malaysian state fund 1Malaysia Development Berhad (1MDB) and its unit, Brazen Sky ...
Singapore dollar could weaken in coming months, analysts say
SINGAPORE: The relative strength of the Singapore dollar may wane in the coming months if the US economy experiences a soft landing, analysts said. The weakness of the US dollar was the key reason the ...
Asia Content Investment Slows to Single-Figure Growth, Says Report: ‘Many Traditional TV Drama Producers Are Struggling to Compete’
Asia Video Content Dynamics, report which covers India, Korea, Indonesia, Philippines, Singapore, Thailand and Vietnam, describes the slowdown as "a normalization of budgets and a rationalization of ...
Singapore’s Top 10 Most Important REITs
There are over 40 REITs and property trusts in Singapore. The top 10 REITs account for close to 70% of the S-REIT index, giving the group an outsized influence over the index’s movements. The post ...
HSBC’s wealth head to exit bank after missing out on CEO job
HSBC Holdings’s wealth unit head Nuno Matos is leaving the bank weeks after missing out on the chief executive officer’s role. Read more at The Business Times.
HSBC’s Next CEO Plans to Trim Middle Management to Save Costs
Georges Elhedery, is considering a significant organizational transformation intended to streamline the company’s operations, according to a Bloomberg report. After taking over as the new CEO on Sept.
Trio of Firms Score Roles as Warburg Pincus, LendLease Buy Singapore Portfolio For $1.2B
The transaction marks the first acquisition for the companies’ life sciences real estate platform, Vita Growth Partners, which Warburg Pincus and Lendlease jointly established last month. The venture ...
With T-bills’ cut-off yield down 21bps to 3.13%, time to ‘segue’ into S-REITs: Bank of Singapore
BOS analyst Andy Wong prefers logistics and industrial, hospitality, retail and office S-REITs — in that order.
Singapore Exchange’s head of capital markets Song to depart
Singapore Exchange’s head of capital markets, Matthew Song, is departing from the bourse, about a year after he took on the role following a revamp, according to people familiar with the matter. Read ...
Singapore Exchange’s head of capital markets Matthew Song leaving bourse
Singapore Exchange’s head of capital markets, Matthew Song, is departing from the bourse, about a year after he took on the role following a revamp, according to people familiar with the matter. Read ...
EnterpriseSG investment arm SEEDS Capital seeks new partners to co-invest in S’pore-based deep-tech start-ups
SEEDS Capital has set aside $150 million to catalyse similar co-investments with the private sector over the next three years.
Tata said to shelve media unit IPO after buying out Temasek
Tata Group has shelved plans for an initial public offering of its entertainment content distribution platform after buying out minority investors, according to people familiar with the matter. Read ...
Tata Play IPO: Tata may seek $1 bn valuation – Details
Plans for an IPO of Tata Play could still be revived in the future, sources said. Tata may seek a valuation of more than $1 billion for the entertainment business in any potential ...
BSI Bank fails to strike out 1MDB’s Singapore lawsuit for US$394mil
The dismissal of the striking out application, which is subject to an appeal, allows the case against the bank to proceed to trial.
Trust Bank on track to be profitable around the end of 2025 as revenue surges, says CEO
SINGAPORE – Trust Bank expects to be profitable around the end of 2025, said its chief executive Dwaipayan Sadhu, as the lender continues to grow its customer base and revenue. In the first half of ...