This comes even as initiatives have been taken by local bourses to entice firms to list on them. Read more at straitstimes.com.
Singapore banks sharpen scrutiny after $2.8b money laundering probe: Sources
SINGAPORE - Banks in Singapore are taking longer than usual to perform due diligence on clients and closing accounts in some cases, sources said, as procedures tighten after the financial hub’s ...
SG’s outbound investment drops 36.4% QoQ in 3Q23
Year-on-year, outbound investment declined 62%. Singapore’s outbound investment fell to $2.7b in 3Q23, data from Real Capital Analytics showed. The 3Q23 figure translates to a 36.4% QoQ and 63% YoY ...
Explained: Why the Singapore dollar is so strong against the ringgit
The ringgit and the Singapore dollar were once at par and freely interchangeable. That ended in 1973. Since then, the value of the ringgit has sunk, reaching a new low in June of RM3.4384 to one ...
IPO Roundup: WeBuy Global, Birkenstock Holding and more
The IPO market revived in 3Q23, with 30 firms going public and raising a total of $7.8B, which was greater than the total proceeds generated in 2022. Arm (NASDAQ:ARM) dominated the quarter, raising $4 ...
Singapore-based FII buys stake in multibagger stock Balu Forge despite 250% YTD rally
Apart from Ashish Kacholia, another value investor Vanaja Sundar Iyer also bought stake in this multibagger stock. Vanaja Sundar Iyer bought 18,00,000 shares of Balu Forge Industries, which is 1.80 ...
Malaysia’s OMS puts $300 million IPO on hold -sources
Malaysian telecommunications infrastructure group OMS has put its plan to list on hold due to unfavourable market conditions, two sources with knowledge of the matter said.
Citi Sells China Consumer Business To HSBC As British Bank Doubles Down On Asia
Citi said the deal will pass its China consumer wealth portfolio, including clients, assets under management and deposits to HSBC Bank China. Citi said the portfolio is worth approximately $3.6 ...
Citigroup confirms sale of China-wealth unit to HSBC
Citigroup Inc. on Monday confirmed reports of the sale of its consumer-wealth portfolio in China to HSBC Plc after it announced plans ... China through its regional wealth hubs in Hong Kong and ...
HSBC/Citi: taking over China wealth unit is easy win
HSBC needs to fend off Asia-focused rival Standard Chartered. StanChart is gaining traction in China after receiving approval from local regulators this year to set up a securities unit in the ...
Citigroup agrees to sell China consumer wealth unit to HSBC
Citigroup (NYSE:C) has agreed to sell its retail wealth management portfolio in mainland China to HSBC (LON:HSBA), the lender said in a statement on Monday.The transaction, which will cover total ...
Citigroup’s Big Business Revamp Continues: Sells China Onshore Consumer Wealth Portfolio To HSBC
Citigroup Inc C disclosed its plan to sell its onshore consumer wealth portfolio in China to HSBC Holdings Plc 's HSBC China division. The deal covers Citi's client base along with assets under ...
Three-quarters of CEOs expect ESG investments to pay off after 3 to 7 years
About 72% of CEOs said it will benefit M&A (24%) and talent attraction (24%). Singapore’s top bosses are continuing their investment in ESG, with over a third of CEOs (36%) changing the language they ...
Redefining Investments: KB53 Token’s Journey in Asia Begins
David Wegner said KB53 Token's strategic expansion into Asia marks a significant milestone in the world of real-world asset investment ...
Singapore banks sharpen scrutiny after $2 bln money laundering scandal -sources
Banks in Singapore are taking longer than usual to perform due diligence on clients and closing accounts in some cases, sources said, as procedures tighten after the financial hub's biggest money ...
Citigroup to sell China consumer wealth business to HSBC
The deal with HSBC does not include Citi's institutional businesses, the bank said, adding it would continue to serve the needs of affluent to ultra-high net worth Chinese clients via its regional ...