Not this time in the creative hotbed of adland, but the hard nose business of banking. Back then DBS had acquired Singapore’s popular savings bank POSB, an institution generations grew up with. Most ...
GIC appoints former DBS executive Jeanette Wong as board director
GIC on Thursday (Oct 31) named Jeanette Wong, a former executive at DBS, as a director of its board with effect from Nov 8, 2023. Read more at The Business Times.
Singapore shares rise at Tuesday’s open; STI up 0.6%
SINGAPORE stocks opened higher on Tuesday (Oct 31), tracking overnight gains in the US and European stock markets. The Straits Times Index (STI) headed up 0.6 per cent or 19.49 points to 3,083.78 as ...
Teenagers lured by ‘fast cash’ among 9 people to be charged with disclosing Singpass, banking details
The nine people arrested are suspected to be involved in money laundering activities linked to banking-related phishing scams.
Arnault-Backed Singapore SPAC Nears Merger With Kacific, Sources Say
A Singaporean blank-check company backed by asset manager Tikehau Capital and a group of prominent European financiers is nearing an agreement on a merger with satellite internet provider Kacific ...
Singapore real estate investments grow 8.5% to SGD7b in Q3
Thanks to a few Government Land Sales deals. According to a recent release from Colliers, around SGD7.0 billion of investments were recorded in Q3 2023, marking an 84.5% increase QOQ and a 8.5% ...
Second Chance Properties’ bottom line gets boost from investment gains
Its earnings jumped by over 38 per cent to $19.7 million for the full year ended Aug 31. Read more at straitstimes.com.
China Aviation Oil (Singapore) (SGX:G92) shareholders have endured a 30% loss from investing in the stock five years ago
For many, the main point of investing is to generate higher returns than the overall market. But every investor ...
GoTo will not pursue an international IPO, reports lower losses for Q3 2023
For Q3 2023, it reported losses at 2.4 trillion rupiah ($205.8 million) compared with 6.7 trillion rupiah in Q3 2022 Read more at straitstimes.com.
HSBC’s profit resilience may face sterner tests
HSBC’s , resilient bottom line may face some stiffer challenges. Europe’s largest bank on Monday reported that third-quarter earnings had doubled from the same period a year earlier and said it was buying back a further $3 billion of stock,
Reits lead Singapore stocks higher on Monday, STI up 0.1%
The Straits Times Index (STI) rose 0.1 per cent or 2.44 points to close at 3,064.29, with real estate investment trusts (Reits) leading the gainers.
Skyroot Aerospace raises $27.5 million in pre-Series C round led by Singapore’s Temasek
Spacetech startup Skyroot Aerospace, which successfully fired India’s and South Asia’s first privately built rocket in November 2022, has raised US $27.5 million (approx. Rs 225 crore) in a pre-Series ...
Sheffield Green closes at S$0.19 on Catalist debut, 24% below IPO price
SHEFFIELD Green, which provides human resources for the renewable energy sector, closed at S$0.191 on its trading debut on the Singapore Exchange’s (SGX) Catalist board on Monday (Oct 30) – 23.6 per ...
HSBC plans US$3 billion share buyback, CEO touts capital strength
I think we are at the bottom of the market, but it will take quite a while for that market to recover and regain momentum' ...
HSBC Q3 profit misses estimates, to buy back US$3 billion of shares
HSBC Holdings reported on Monday a 240 per cent increase in third-quarter pre-tax profit as higher interest rates boosted the bank’s profitability and helped it fund a fresh US$3 billion share buyback ...
HSBC gives $3bn boost to investors as profits double
HSBC saw profits in the third quarter more than double to $7.7 billion thanks to higher interest rates, figures likely to lead to fresh calls for banks to boost savings rates. The London-listen lender ...