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Tag: finance

Posted on 15/06/2024

CapitaLand Investment Further Increases Focus on Reducing Scope 3 Carbon Emissions as Part of its Decarbonisation Journey

CapitaLand Investment Limited (CLI) has incorporated three new Scope 3 categories deemed material to its operations – Purchased goods and operations, Fuel- and energy-related activities, and Upstream ...

Posted on 15/06/2024

Best bank offers in Singapore (June 2024): Win $12,000 NTUC shopping vouchers, 1,500 Ion+ points and more

Everybody loves credit card sign-up promotions, but not many of us realise the promotions don't end with a welcome gift. Banks actually shower us with tons of lifestyle deals and perks just for owning ...

Posted on 15/06/2024

OCBC aiming to help 10,000 seniors with digital banking, scam awareness through carnivals, workshops

OCBC is aiming to equip 10,000 senior citizens in Singapore with digital banking skills and scam prevention awareness by the end of 2024. The bank aims to reach a category it calls "digitally shy" ...

Posted on 15/06/2024

Man recovers S$250k from scammers with help from police and Standard Chartered Bank

SINGAPORE: A 56-year-old man who lost S$250,000 to a conman posing as a bank worker was able to recover all the money with the help of Standard Chartered Bank and the police’s Anti-Scam Centre.

Posted on 15/06/2024

Investment grows in radiopharmaceutical manufacturing

While therapies sold by radiotherapy segment leader Novartis are based on β-particle-emitting isotopes, Orano’s lead-212 is an α-emitting isotope. ITM will use the new funds to increase its in-house ...

Posted on 15/06/2024

Singapore set to become the world’s Gold hub as gold shifts from west to east

Singapore is set to usurp London and New York as the world’s gold hub as the yellow metal shifts from West to East.

Posted on 15/06/2024

Man recovers $250k from scammers with help from police and Standard Chartered Bank

A person pretending to be a police officer claimed that the man was a victim of an identity fraud. Read more at straitstimes.com.

Posted on 15/06/2024

Man nearly loses S$250,000 to scammers impersonating bank staff, police officer

SINGAPORE: A man came close to losing S$250,000 (US$185,000) after falling prey to scammers posing as a bank staff member and a police officer. The 56-year-old first received a call from a scammer ...

Posted on 15/06/2024

Great Eastern independent directors advised to recommend OCBC US$1 billion offer

The independent directors of Singapore's Great Eastern have been advised to recommend that minority shareholders accept a S$1.4 billion ($1.03 billion) offer from the insurer's top investor Oversea-Ch ...

Posted on 14/06/2024

Jail for man who cheated six victims of over $108k in ticketing and investment scams

David Chua also made off with $22,400 from customers of the travel agency he worked at in 2019. Read more at straitstimes.com.

Posted on 14/06/2024

OCBC’s offer to Great Eastern shareholders “not fair but reasonable”; shareholders should accept it: EY

OCBC’s offer to buy the remaining shares of Great Eastern from minority investors is “not fair but reasonable”, said independent financial adviser Ernst & Young Corporate Finance on June 14. Read more ...

Posted on 14/06/2024

OCBC’s final offer of $25.60 for GEH is ‘not fair but reasonable’ says EY; advises shareholders to accept

EY advises shareholders to accept the offer, or sell their shares if they can offer a higher price than the offer price.

Posted on 14/06/2024

Great Eastern Adviser Supports OCBC’s $1 Billion Takeover Bid

Great Eastern Holdings Ltd.’s independent financial adviser said it supports a S$1.4 billion ($1 billion) offer by Oversea-Chinese Banking Corp. to take full control of the Singapore-based insurer.

Posted on 14/06/2024

OCBC privatisation deal for Great Eastern is not fair but reasonable, says IFA

In response to the offer, the Securities Investors Association (Singapore) commended OCBC for its proactive response to feedback from minority shareholders of GEH. Meanwhile, former remisier Ong Chin ...

Posted on 14/06/2024

Income Insurance and Allianz hold ‘transaction’ talks, latest possible Singapore insurance M&A

This news follows OCBC’s $1.4 bil offer to fully acquire Great Eastern, and Sumitomo’s acquisition of Singlife.

Posted on 14/06/2024

Singapore’s Great Eastern asks shareholders to accept OCBC’s $1 bln offer

June 14 (Reuters) - Singapore's Great Eastern Holdings on Friday asked its shareholders to accept a S$1.4 billion ($1.03 billion) offer from Oversea-Chinese Banking Corp to buy the remaining stake in ...

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