OCBC should be seen as a financial conglomerate of many parts, setting it apart from the other two local banks in Singapore, said its chairman Andrew Lee. Read more at The Business Times.
DBS must still hold additional capital buffer due to service disruptions despite ‘progress’: MAS
SINGAPORE - The Monetary Authority of Singapore (MAS) will not extend a six-month restriction on DBS Bank’s non-essential banking activities, which was imposed due to disruptions to the bank’s ...
Amid losses and IPO delays, Ninja Van conducts layoffs in tech office
Regional logistics firm Ninja Van has announced a bout of layoffs. It has let go of 21 employees from its tech division in Singapore, representing about 10% of the regional tech team and 20% of the ...
Malacca Securities sets Farm Price’s fair value at 85% premium ahead of IPO
Malacca Securities has ascribed a fair value of 44.5 sen per share for Farm Price Holdings Bhd, which marks a premium 85% from its initial public offering (IPO) price.
Delayed rate cuts expected to benefit Singapore banks’ otherwise uneventful Q1 earnings
SINGAPORE’S local banks are unlikely to surprise in their earnings for the first quarter of 2024. But a potential delay in interest-rate cuts in the US should boost their results for the year, said ...
Singapore Stock Market May Open To The Upside
(RTTNews) - The Singapore stock market on Monday ended the two-day slide in which it had slipped almost 15 points or 0.5 percent. The Straits Times Index now rests just above the 3,280-point plateau ...
Jail for ex-Chubbs Insurance employee who cheated company into disbursing S$11m in false claims over 7 years
For seven years, a senior claims executive at Chubbs Insurance executed what a judge described as an “elaborate scheme” to cheat his employer into disbursing over S$10.74 million in fraudulent claims.
EWS: Singapore Yields Up To 7% But Remains Relatively Unattractive
Amid renewed volatility for Southeast Asian stocks, Singapore has once again proven its defensiveness. Read more to see our analysis on EWS ETF.
Singapore’s S$3bil (RM10.5bil) money laundering case: Fourth man gets 14 months’ jail
Su Baolin, one of the 10 foreigners in Singapore’s largest money laundering case, made millions from his role in illegal online gambling operations abroad, said prosecutors.
Singapore bankers took lower salaries and bonuses compared to Hong Kong bankers
Singapore bankers received lower salaries and bonuses than their Hong Kong peers.... The post Singapore bankers took lower salaries and bonuses compared to Hong Kong bankers appeared first on The Inde ...
Jail for ex-Chubbs Insurance employee who cheated Singapore company into disbursing S$11m in false claims over seven years
For seven years, a senior claims executive at Chubbs Insurance executed what a judge described as an “elaborate scheme” to cheat his employer ...
Singapore’s manufacturing output in March dropped by 3.2% YoY
SINGAPORE: Singapore’s manufacturing output in March dropped by 3.2% YoY and 16% MoM, according to the latest data from EDB Singapore, as reported by the Singapore Business Review.
IPO Roundup: Viking Holdings, RanMarine Technology, and more
The IPO market is showing resilience amid an uncertain interest rate cut scenario. The impact on IPOs is still unclear, but with reduced expectations for rate relief from the Fed, companies intending ...
Yahoo to lay off staff in Singapore as it shifts to content curation
YAHOO is reportedly letting go of its editorial and social media teams in Singapore as it moves towards the curation of content here. Read more at The Business Times.
Why CVC’s IPO was such a hit
The IPO wasn’t underpriced because of bamboozling by the underwriting banks either. CVC and the sovereign wealth fund sellers are smart, sophisticated and savvy about financial markets. Rather, they ...
‘Singapore has held its own internationally’: PM Lee reflects on 20 years of overseas trips
PM Lee, who will step down on May 15, said he was glad his last official overseas trip was to Indonesia. Read more at straitstimes.com.