The founder of a failed Singapore oil trading company was convicted Friday of cheating a major bank and abetting forgery in a case that tainted the city-state's crude trading market.
Apple, Microsoft and Nvidia are investing billions of dollars in Southeast Asia. Here’s why
Apple, Microsoft, and Nvidia are among tech companies investing heavily in Southeast Asia, drawn by the region's workforce and market growth potential. With a focus on AI and data centers, the area is ...
OK Lim, founder of Singapore oil trading firm, Hin Leong, convicted in US$112 million HSBC cheating case
OK Lim faced charges of cheating HSBC Holdings and instigating a Hin Leong employee to forge documents, according to a newspaper report The charges involved a total of US$111.7 million Lim Oon Kuin, ...
Exclusive-Shein steps up London IPO preparations amid U.S. hurdles to listing, sources say
By Julie Zhu, Greg Roumeliotis and Kane Wu HONG KONG/NEW YORK (Reuters) -Fast-fashion giant Shein is stepping up preparations for a London listing after its attempt to float itself in New York faced ...
Shein ‘steps up plan for London IPO’ amid US listing hurdles
Sources say Singapore-based online fashion retailer founded in China prefers a float in New York but faces tougher scrutiny than expected ...
Indorama Ventures raises US$500 million through a syndicated loan from HSBC and Standard Chartered Bank
Indorama Ventures Public Company Limited, a global sustainable chemical producer, today announced the successful close of a US$500 million syndicated term loan facility, arranged by HSBC and Standard ...
Singapore oil trader convicted of abetting forgery and cheating HSBC
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. An octogenarian oil trader has been convicted of “cheating” HSBC and abetting forgery after a lengthy trial in ...
Singapore’s GIC bets on Latin American infrastructure companies
Singapore’s GIC, one of the world’s largest sovereign wealth funds, is making an outsized bet on Latin American infrastructure, while targeting smaller technology companies in the region. Read more at ...
Hong Kong’s millionaires have decreased by 4%, while Singapore’s increase by 64%
World’s Richest Cities Report from Henley & Partners has highlighted one aspect... The post Hong Kong’s millionaires have decreased by 4%, while Singapore’s increase by 64% appeared first on The Indep ...
Mother’s Day 2024 Singapore: Credit Card Promos, Mums Dine Free, and More
They say mum's cooking is the best cooking, but for my mother, no cooking is the best cooking. She would take a quaint café, bottomless brunch, or afternoon high tea any day over having to step into ...
OCBC makes $1.4 billion offer to take Great Eastern private, at $25.60 per share
The offer price represents a 37% premium over its last closing price of $18.70 on May 9. Read more at straitstimes.com.
OCBC posts record Q1 profit, makes $1 bln bid to take Great Eastern private
Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) posted on Friday a better-than-expected 5% rise in first-quarter profit and made a S$1.4 billion ($1.04 billion) offer to take its ...
UPDATE 1-Singapore bank OCBC first-quarter net profit rises 5% to record, beats forecasts
Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) reported on Friday a 5% rise in net profit to a record high in the first quarter from a year earlier, driven by stronger operating ...
Singapore bank OCBC first-quarter net profit rises 5% on-year
Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) reported on Friday a 5% rise in net profit in the first quarter from a year earlier, driven by stronger operating profit.
The Latest on Southeast Asia: U.S. Tech Investments in ASEAN
U.S. tech giants are keenly aware of Southeast Asia’s strategic importance and are strengthening their regional presence with huge investment pledges from Apple, Microsoft, and Amazon in recent weeks.
Details confirmed for upcoming Fintech Summit in Singapore
The People Events has revealed the details of its much-anticipated Annual FinTech Summit 2025, which will take place from February 4th to February 6th, 2025 in Singapore.