Singapore-based AI-driven technology company Advance Intelligence Group has raised US$80 million ($106.68 million) from an investor consortium led by existing investors Warburg Pincus and Northstar ...
Stock Market LIVE Updates: SGX Nifty signals weak start for D-Street ahead of Fed decision
Nifty futures on the Singapore Exchange traded at 18,132, down 88.50 points or 0.49% around 7.35 am, signalling a negative start for Dalal Street on Wednesday.
Singapore Stock Market Expected To Head South Again On Wednesday
The Singapore stock market on Tuesday wrote a finish to the four-day slide in which it had slumped more than 50 points or 1.8 ...
Dyson to build new factory in Singapore and expand in UK and Philippines
Investments in Bristol and Santo Tomas in the Philippines will be worth £100m and £166m respectively ...
Not True. State Backed Singapore Fund Temasek Says No Investment in Array
An article in Cointelegraph from yesterday (May 1) erroneously reported that Temasek has invested $10 million in Array which did not help things by retweeting the article before i ...
Singapore: Long-Serving Central Bank Chief Steps Down
Veteran central banker Ravi Menon is set to step down as managing director of the Monetary Authority of Singapore.
HSBC to grow wealth and personal banking segment in Asia-Pacific
This article first appeared in The Edge Malaysia Weekly on April 24, 2023 - April 30, 2023 BRITISH lender HSBC Holdings plc is looking to the wealth and personal banking segment in the Asia-Pacific ...
HSBC shares rise after lender announces US$2 billion share buyback
HSBC, like its Wall Street and European peers, has seen a recovery in earnings on the back of higher interest rates. As the biggest bank in Hong Kong, the lender is also expected to benefit from ...
22 bus services affected by road closures on May 7 for OCBC Cycle 2023
SINGAPORE - A total of 22 bus services will be affected by road closures for the OCBC Cycle 2023 event on May 7. This will last from the start of bus operations to 11am, said SBS Transit in a ...
Over 1 million DBS PayLah! cashback rewards redeemed in less than 3 months
Over a million PayLah! hawker meal subsidies have been redeemed in less than three months since DBS and POSB launched the "5 Million Hawker Meals" scheme on 10 February. The scheme, which aims to ...
‘Fake news’: Temasek Holdings refutes reports of S$13.4m investment in cryptocurrency firm Array
SINGAPORE — State investment firm Temasek Holdings has refuted a claim that it made an investment of US$10 million (S$13.4 million) in cryptocurrency company Array, calling it "fake news".
Singapore’s DBS posts record Q1 profit, expects margins to decline as rates peak
Singapore's largest bank, DBS Group, has announced a quarterly net profit of S$2.57bn ($1.9bn) for Q1 2016, up 43% on the same quarter a year ago. The bank cites inflows of safe haven deposits amid ...
Citing diversified portfolio, OCBC and DBS maintain positive call on Mapletree Industrial Trust
Analysts from both OCBC Investment Research and DBS Group Holdings have kept their "buy" calls on Mapletree Industrial Trust, following 4QFY2023 numbers that met their expectations and proving that ...
UOB remains RHB’s top Singapore bank pick following 1QFY2023 earnings
RHB Bank Singapore has kept United Overseas Bank as its top pick among the three Singapore banks, following its 1QFY2023 earnings that grew by xx% y-o-y to hit a record $1.51 billion.
Analysts mixed on CDL Hospitality Trusts despite ‘stellar performance’ in core Singapore market for 1QFY2023
However, Citi Research’s Brandon Lee has reiterated his “sell” rating on CDLHT with an unchanged target price of $1.15, citing Far East Hospitality Trust (FEHT) as a “better proxy”, given its 100% ...
Singapore’s ABSD rate hike: The winners and the losers
Singapore increased the ABSD for all residential statuses by 3% to 30%. Real estate experts are calling the recent Additional Buyer Stamp Duties (ABSD) rate hike "punitive," having more negative than ...