Investors in the IPO included some of Arm’s biggest customers. The company set aside more than US$700 million of its stock for Intel Corp., Apple Inc., Nvidia Corp., Samsung Electronics Co. and Taiwan ...
Singapore central bank slaps Three Arrows founders with 9-year trading ban
Singapore's central bank issued on Thursday nine-year prohibition orders against Su Zhu and Kyle Davies, the founder of collapsed cryptocurrency hedge fund Three Arrows ...
Analysis: Citigroup’s layoffs, ‘sweeping’ restructuring in uncertain economic period unlikely to affect Singapore’s financial sector
Even though there is a possibility of layoffs in Citibank Singapore, which is a subsidiary of Citigroup, they said that it would not affect Singapore’s banking and finance sector as a whole because it ...
Fewer job vacancies in Singapore in Q2 2023, fall from peak in Q1 2022
SINGAPORE — The number of job vacancies declined for the fifth consecutive quarter to 87,900 in the second quarter of 2023, according to the Ministry of Manpower's (MOM) second-quarter 2023 labour ...
Singapore government says report on rising minimum income standards ‘may not be accurate reflection of basic needs’
A report on minimum household income required amid inflation “may not be an accurate reflection of basic needs”, and its findings should be interpreted instead as “what individuals would like to have” ...
Singapore’s resident employment falls for the first time in 3 years
The Ministry of Manpower said employment growth in some sectors was offset by a drop in the number of people working in retail trade and food and beverage services. MOM attributed the contraction to ...
S’pore proptech start-up Simpple eyes global expansion after US IPO
Singapore property start-up Simpple listed on Nasdaq exchange in the United States on Wednesday as part of ambitious global expansion plans. Read more at straitstimes.com.
Singapore proptech start-up Simpple lists on Nasdaq, prices IPO shares at US$5.25 apiece
The Singapore-based company said it has raised about $11.4 million from the flotation. Read more at straitstimes.com.
OCBC Wisma Atria turns one, reports seven times higher card applications than regular banking branches
OCBC Wisma Atria, the bank’s largest integrated lifestyle and banking branch, has seen twice the number of account openings for the bank’s flagship OCBC 360 savings account and seven times more credit ...
Singapore stocks rise as US inflation data stays within expectations; STI up 1%
THE Straits Times Index (STI) rose 1 per cent, or 30.58 points, to 3,249.51 amid a regional rally on Thursday (Sep 14). Read more at The Business Times.
DBS chief says China pessimism not ‘overdone’, upbeat about India
DBS Group Chief Executive Piyush Gupta said current widespread pessimism about China's economy was not "overdone" but he was upbeat about India, where the bank plans to triple its business in the next ...
MOM officer gets 5 weeks’ jail for asking former DBS employee to find out his ministry colleagues’ salaries
Curious about his own standing relative to his colleagues at the Ministry of Manpower, a man reached out to a former co-worker at DBS to help him to find out their salary details by conducting an ...
Singapore reaping rising investment from India, China, Southeast Asia – official
Singapore has seen increasing investments from India, China, and Southeast Asia in recent years even as the U.S. remains its largest investor, its investment chief said on Thursday.
UOB Kay Hian keeps ‘buy’ on CDL Hospitality Trusts with lower TP of $1.48
Analyst Jonathan Koh says the REIT will benefit from increased contributions from Grand Copthorne Waterfront Hotel in 2HFY2023.
DBS chief says China pessimism not ‘overdone’ but upbeat about India prospects
DBS Group chief executive Piyush Gupta said current widespread pessimism about China’s economy was not “overdone” but he was upbeat about India, where the bank plans to triple its business in the next ...
DBS chief says wealth management business benefiting from inflows
DBS Group's wealth management business has benefited from inflows from across Asia, the Middle East and European regions recently, Chief Executive Piyush Gupta said on Thursday.