Singapore oil trader Hin Leong held a call with banks on Tuesday after they failed to provide a letter of credit to the firm to purchase at least one cargo of oil products due to load this month, four ... ( read original story ...)
Singapore oil trader Hin Leong owes banks at least $4.25 billion
to Singapore's Hin Leong Trading and are in talks with the privately held oil trader over how to shore up its finances amid concerns over its liquidity, according to people with knowledge of the ... ( read original story ...)
Banks Owed $3 Billion by Squeezed Singapore Oil Trader Hin Leong
Banks have a combined exposure of at least $3 billion to Singapore’s Hin Leong Trading (Pte.) Ltd. and are in talks with the privately-held oil trader over how to shore up its finances amid concerns ... ( read original story ...)
OCBC brings Google Pay P2P payments to Singapore
OCBC Bank has become the first financial institution to bring Google Pay’s peer-to-peer funds transfer service to Singapore. The move makes Singapore only the third country, after India and the US, ... ( read original story ...)
DBS Hong Kong Digitizes Two-Day SMB Account Opening
DBS Hong Kong, a subsidiary of DBS Bank headquartered in Singapore, is transitioning to a new contact-free way for small- to medium-sized businesses (SMBs) to set up business accounts, according to a ... ( read original story ...)
Exclusive: Stay off Zoom, Google Hangouts, Standard Chartered chief tells staff
Standard Chartered Plc (STAN.L) is the first major global bank to tell employees not to use Zoom Video Communications Inc (ZM.O) during the coronavirus pandemic due to cybersecurity concerns, ... ( read original story ...)
China Optimism, Xiaomi Ties Help Shunwei CEO Debut On 2020 Forbes Midas List
Working from home himself in Singapore, Koh sees more room for video and audio services in business. Shunwei has 20 staff back in China. Notably standing the test of time has been Koh’s original ... ( read original story ...)
Sharp Slowdown Seen in Asia IPO Deals With Stocks in Bear Market
Rarely have equity capital markets bankers had such a hard time predicting how business will be in the months to come. ( read original story ...)
The Top 10 Companies Behind The 2020 Midas List: Uber, Ant Financial And The Breakouts That Helped Investors Make The Cut
From Ant Financial to Xiaomi, and Spotify to Uber, these 10 companies put the most investors on the 2020 Midas List of the world's top tech investors. ( read original story ...)
Luckin Coffee: The Luck Runs Out
The bulk of them helped underwrite the IPO of the company, with Singapore sovereign wealth fund GIC and the world's largest asset manager, BlackRock, also among Luckin's early backers. Multiple law ... ( read original story ...)
Three Gorges Dam Mulls IPO in China to Raise as Much as $3.5B
China’s Three Gorges Renewables Group is planning to raise up to CNY 25 billion ($3.52 billion) in what could be the country’s second biggest IPO of the year. Three Gorges looks to sell up to 8.57 ... ( read original story ...)
Coronavirus Forces Bankers From ‘Dire’ IPO Market to Emergency Capital Raises
Not a single European company listed on the stock market in March as the coronavirus spread across the continent, with bankers now counting on fees from emergency share sales and rights issues to keep ... ( read original story ...)
After 16 years at Citibank, marketer Mayank Dutt moves to Mastercard
Citibank’s Mayank Dutt has left the bank after 16 years and joined Mastercard as the new head of marketing and communications, Southeast Asia. Dutt last helmed the role of director, regional insurance ... ( read original story ...)
Citi Singapore employees to receive $1,200 cash in April as Covid-19 aid
The $1,200 will be credited into employees' Citibank accounts in April. Citi is also providing additional benefits to its Singapore workers such as complimentary insurance coverage from AIA, as well ... ( read original story ...)
Meet The 22 S’poreans Who Are Listed In This Year’s Forbes 30 Under 30 Asia
In this year's Forbes 30 Under 30 Asia list, 300 "bright and innovative leaders", including young entrepreneurs and change-makers, have made the cut. The post Meet The 22 S’poreans Who Are Listed In ... ( read original story ...)
What is a Debt Consolidation Plan and How Does it Work in Singapore?
For instance, Citibank’s Debt Consolidation plan offers free insurance that will guarantee ... The post What is a Debt Consolidation Plan and How Does it Work in Singapore? appeared first on SingSaver ... ( read original story ...)