The new stablecoin is designed to be compliant with the upcoming regulatory framework from the Monetary Authority of Singapore.
Paxos launches USD-backed USDG stablecoin with DBS Bank
Regulated blockchain infrastructure company Paxos introduced Global Dollar (USDG), a Singapore-compliant stablecoin whose United States dollar backings are reserved and managed by DBS Bank. On Oct. 31 ...
Singapore contributes $13 million more to global pandemic fund
SINGAPORE – Singapore has contributed an additional US$10 million (S$13 million) to the global pandemic fund, the health and finance ministries said in a joint statement on Nov 1. The new infusion – ...
Debit card for your 7-year-old? Banks in Singapore ramp up strategies to attract younger crowd
OCBC Bank, for one, launched a debit card aimed at those aged seven to 15 in a collaboration with Disney. Read more at straitstimes.com.
Singapore’s Olam receives buyout offer for agri unit amid IPO delays
The offer comes almost two years after the group completed the sale of a 35.43% stake in Olam Agri to SALIC for $1.24 billion in December 2022. The transaction had given Olam Agri an equity valuation ...
Singapore contributes $13b more to global pandemic fund
Mr Ong Ye Kung pressed for digitalising healthcare for a seamless integration of medical records. Read more at straitstimes.com.
Ex-dealer who made $255k from illegally manipulating prices of SGX stocks gets 9 months’ jail
It is the biggest reported case of stock market price spoofing detected in SGX. Read more at straitstimes.com.
Singapore stocks fell as trading began on Friday—STI dropped by 0.8%
SINGAPORE: Singapore stocks fell as trading began on Friday (Nov 1) following losses in global markets. The Straits Times Index (STI) dropped by 0.8%, or 28.72 points, to 3,530.16 by 9:01 am, as ...
The future of finance is at hand
“With new technology, we see new risks. AI governance is as important as AI innovation. The key objective is, therefore, to foster a trusted environment that allows financial institutions to harness ...
Behind the numbers: Is Singapore really Vietnam’s top FDI source?
[HANOI] With global supply chains realigning and US-China tensions intensifying, Singapore has become Vietnam’s top investor, acting as a strategic conduit for capital from multinationals in China, ...
Banks in Singapore ramp up strategies to attract younger crowd to use their cards
OCBC Bank, for one, launched a debit card aimed at those aged seven to 15 in a collaboration with Disney. Read more at straitstimes.com.
Goodwill Entertainment Catalist IPO 1.5 times oversubscribed
KARAOKE and live show operator Goodwill Entertainment has announced that its initial public offering (IPO) on the Catalist board of Singapore Exchange has been 1.5 times oversubscribed. In a press ...
IPO: Listing Leviathan
With Lahoty leading the newly-build capital markets practice and industry leader Yash Ashar still at the firm, CAM maintains a business-as-usual demeanour, with a pipeline of IPO mandates leading into ...
Upcoming IPOs In November 2024: Swiggy, Acme Solar, Sagility India And More To Make D-Street Debut Next Month
Acme Solar Holdings Ltd., a renewable energy firm, is preparing to launch its IPO in November, although the exact dates are yet to be confirmed. The company aims to raise Rs 3,000 crore through its ...
Uni-Fuels Holdings Seeks U.S. IPO Despite Low Margins And High Valuation
Uni-Fuels Holdings plans $13.5M IPO for marine fuel; low margins and high valuation make it a sell according to financial writer. Learn more on UFG stock here.
Swiggy IPO gets bids of $15 bln from big investors like Norges, Fidelity, sources say
Big investors including Norway's sovereign wealth fund Norges and Fidelity have placed bids worth more than $15 billion in Swiggy's India IPO, 25 times the $605 million portion reserved for such ...