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Tag: finance

Posted on 18/10/2023

Singapore shares fall on Wednesday; STI down 1.1%

SINGAPORE shares finished Wednesday (Oct 18) lower, reversing gains from the day before. Read more at The Business Times.

Posted on 18/10/2023

Hong Kong’s MPF retirement scheme ranks second best in Asia behind Singapore’s amid investment losses: Mercer

Singapore's scheme received a 79.8 this year. "The drop in points reflects the tougher environment the market is operating in such as higher interest rates, and drops in investment markets, which can ...

Posted on 18/10/2023

Singapore’s InsurTech Giant Bolttech Considers US IPO to Raise $300M

According to unconfirmed reports, Bolttech is seeking up to $300 million in funding from a possible IPO in the US.

Posted on 18/10/2023

Citibank Singapore launching new satellite wealth advisory hubs in 2024

The Parkway Parade hub and One Holland Village hub expands Citi’s physical footprints. Citibank Singapore is launching two new satellite wealth advisory hubs in the first quarter of 2024. The upcoming ...

Posted on 18/10/2023

UOBKH and DBS analysts raise TP for Aztech following record-high quarterly earnings

As Aztech’s earnings have exceeded forecasts, UOBKH has raised its TP to $1.11, while DBS has raised it to $1.25.

Posted on 18/10/2023

RHB maintains a defensive Singapore equities portfolio 4QFY2023

Top picks include Delfi, Sheng Siong, ThaiBev, OCBC, Golden Agri, Raffles Medical, ST Engineering, CDL, Centurion and Food Empire.

Posted on 18/10/2023

MOVES-Singapore’s bank OCBC makes key leadership changes in Greater China

Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) on Tuesday said that Wang Ke, currently CEO of OCBC Wing Hang China, will assume the role of Head of Greater China effective ...

Posted on 18/10/2023

Singapore, US and the global order

Globalisation is under threat. As two of its bigger beneficiaries, Singapore and the US must work together to create a new model. Read more at straitstimes.com.

Posted on 18/10/2023

Singapore-based insurance tech unicorn Bolttech weighs $410 million US IPO

The company runs an exchange where insurers, distributors and customers buy and sell insurance. Read more at straitstimes.com.

Posted on 18/10/2023

Citibank S’pore to open 2 more wealth hubs here; plans to close remaining 3 branches: CEO

SINGAPORE – Citibank Singapore will open two satellite wealth advisory hubs by the first quarter of 2024, even as weaker investor sentiment has weighed on the wealth management industry and the US ...

Posted on 18/10/2023

Citibank Singapore to Open Two Satellite Wealth Hubs

New locations in Parkway Parade and Holland Village will complement main Orchard hub to bring wealth advisory services closer to affluent clients SINGAPORE, Oct. 18, 2023 /PRNewswire/ -- Citibank ...

Posted on 18/10/2023

‘I carried around my piggy bank’: Amid DBS, Citibank service outage, cash is king

Some retailers, however, said they did not experience a big drop in sales revenue. Read more at straitstimes.com.

Posted on 18/10/2023

UOB-Kay Hian redesignates Tang Wee Loke as non-independent, non-executive director

UOB-Kay Hian (UOBKH) has announced on Tuesday (Oct 17) the redesignation of Tang Wee Loke as a non-independent, non-executive director. Read more at The Business Times.

Posted on 18/10/2023

Singapore’s insurtech unicorn Bolttech weighs US$300 mil US IPO

The company has asked banks for proposals for the potential share sale, which may take place as soon as next year.

Posted on 17/10/2023

Singapore’s Insurtech Unicorn Bolttech Weighs $300 Million US IPO

Bolttech, a Singapore-based insurance technology firm, is considering a US initial public offering that could raise as much as $300 million, according to people with knowledge of the matter.

Posted on 17/10/2023

Avendus to offer investment banking services from Singapore

The operations from Singapore will focus on advising technology sector funding rounds of $40-50 million in Southeast Asia, Avendus managing director Karan Sharma said ...

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