Anticipating “better times” ahead, DBS Group Research analyst Lee Eun Young has maintained her “buy” call for BRC Asia with a reduced target price of $1.89 from $2.22 previously.
Singapore Says No to Angolan Tycoon’s Bid for Funds Held in Private Bank
Carlos Manuel De Sao Vicente, an Angolan businessman convicted of money laundering, failed in his bid in Singapore to get his funds released from the private banking arm of Oversea-Chinese Banking ...
DBS keeps ‘buy’ for ComfortDelGro but lowers TP to $1.62 amid slower recovery
The analysts note that CDG has introduced booking commissions since May 2022 on its re-launched ride-hailing platform app, Zig. With full-reopening, they expect revenue growth of 4.5% mostly coming ...
Singapore’s OCBC bank sets decarbonisation target for ship finance
Southeast Asia’s second-largest lender claims targets are internationally recognised, science-based pathways Singapore’s OCBC Bank has unveiled decarbonisation targets for its ship finance activities ...
HSBC is Giving You Cashback For Paying Your Taxes? We Review HSBC’s Everyday+ Rewards Programme
Wouldn’t it be great to get cashback on our taxes like how we get cashback on our shopping? Hang on a second. We actually can! HSBC’s Everyday+ Rewards Programme gives... The post HSBC is Giving You ...
Singapore firms should be aware of the opportunities in Africa, ‘break new ground’: PM Lee
Singapore therefore needs to double down on staying open ... For instance, PM Lee and Kenyan President William Ruto announced after they met on Thursday that a bilateral investment treaty between the ...
MOVES-Citi appoints Sharad Mohan as Singapore’s head of international personal bank
Citi has appointed Sharad Mohan as its head of international personal bank, Singapore, the banking group said on Tuesday.
Singapore bank pulls plug on upstream oil and gas project financing
To accelerate the decarbonisation of the oil and gas sector, the bank will not extend project financing to upstream oil and gas projects that obtained approval for development aft ...
Singapore and Kenya sign three new deals, agree to ratify investment treaty soon
The two countries will collaborate on climate issues, info and comms tech, skills development. Read more at straitstimes.com.
Singapore proptech Simpple downsizes proposed IPO to $7M
Singapore-based proptech Simpple (SPPL) has downsized its proposed US initial public offering to $7M from $9M. Simpple said in an SEC filing that it is now looking to offer 1.6M shares priced between ...
Ever Glory jumps on trading debut to 52.3% above IPO price
Ever Glory plans to use the $3.1 million raised from its IPO to scale its existing business. Read more at straitstimes.com.
Singapore’s Whampoa Group to set up digital bank HQ in Bahrain
Singapore's Whampoa Group, an investment firm with stakes in global tech firms, will set up the headquarters of its new digital bank in Bahrain, the Gulf state's Economic Development Board (EDB) said ...
30 from Singapore on Forbes’ 30 Under 30 Asia 2023 list
finance and venture capital; media, marketing and advertising; retail and e-commerce; enterprise technology; industry, manufacturing and energy; healthcare and science; social impact; and consumer ...
Forbes 30 under 30: 30 Singapore entries featured under Asia list
Notable Singapore names in the Forbes 30 under 30 list include Gwyneth Ang, founder of One Prawn & Co., and King of Fried Rice founder Lester Li. Who are the others?
Singapore Festival of Football brings a week of top football action in June 2023
It is football mania in Singapore this June as Singapore Festival of Football arrives to bring a week-long spectacle with various top teams.
Unexplained unauthorized takeover of company account at OCBC raises concerns over new law
Goh Chye Guan, in an open letter, recounts his shocking experience with OCBC Bank where he discovered that he was no longer the signatory of his company bank account. Despite repeated attempts to seek ...