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Tag: ipo

Posted on 25/08/2024

Singapore’s PAP faces housing affordability reckoning in run-up to high-stakes election

Voters 'priced out' of Singapore's housing market could yet deliver a harsh verdict on the government's handling of the affordability crunch As concerns grow over housing affordability in Singapore, ...

Posted on 25/08/2024

Me & My Money: Global citizen ensures diversity of thought and investments

Resilience, adaptability and diverse and global mindset helped him to navigate turbulent markets. Read more at straitstimes.com.

Posted on 24/08/2024

Convicted Singapore tycoon’s mansion sold at US$3.1 million discount

A significant discount offered on OK Lim’s high-end property indicates valuations at the pointy end of the market are under pressure.

Posted on 24/08/2024

Bank of Singapore Targets 20% Asset Expansion in Middle East

Bank of Singapore is strategically focusing on expanding its presence in the Middle East, forecasting a significant increase in assets and revenue from the region over the next five years. The ...

Posted on 23/08/2024

Singapore to stay nimble and vigilant in a more challenging world and recent mpox outbreak, says PM Wong

adding that the 11th Malaysia-Singapore Leaders’ Retreat in Malaysia later this year, more visits within Asean, and meetings with key partners outside the region are also in the calendar. Wong, who is ...

Posted on 23/08/2024

IPO Of 7-Eleven Rival In Malaysia Likely To Make Founder The Country’s Newest Billionaire

Assuming the over-allotment option is fully exercised, Lee, together with his wife, Ng Lee Tieng, who has a board seat at 99 Speed Mart, will own a post-IPO stake of 80% ... Burger King franchise in ...

Posted on 23/08/2024

Singapore stocks open flat on Friday as US stocks fall and Europe stocks gain

SINGAPORE: Singapore stocks opened flat on Friday, Aug 23, following a decline in US indices and an overnight rise in Europe’s main stock index. The Straits Times Index (STI) saw a slight uptick, ...

Posted on 23/08/2024

Singapore fintech MoneyHero makes unsolicited US$8 million bid to acquire MoneySmart

The Singapore fintech company operates online personal finance platforms that recommend financial products. It runs platforms such as Seedly and SingSaver in Singapore, and also has a presence in Hong ...

Posted on 23/08/2024

Singapore July core inflation 2.5% y/y, lowest in more than two years

Singapore's key consumer price gauge rose 2.5% in July from a year earlier, the smallest increase since February 2022, official data showed on Friday. The core inflation rate - which excludes private ...

Posted on 23/08/2024

Singapore shares open flat on Friday after US, Europe indices close mixed overnight

SINGAPORE shares opened flat on Friday (Aug 23) morning, after US indices fell and Europe’s main stock index climbed overnight. The Straits Times Index rose 0.03 point to 3,373.61 as at 9.01 am.

Posted on 22/08/2024

Scam victims in Singapore lost $385.6m in first half of 2024 as cases hit high of 26,587

Singapore is lowering the maximum limit on daily CPF withdrawals from $200,000 to $50,000, starting next month. It's also considering giving police the power to restrict a scam victim's banking ...

Posted on 22/08/2024

Revenue-Based Finance Provider Efficient Capital Labs Secures Series A Funding Co-Led by QED and 645 Ventures

Efficient Capital Labs (ECL), one of the leading revenue-based financing providers that provide non-dilutive capital to B2B SaaS companies in the South Asia-U.S. corridor, has announced fundraising of ...

Posted on 22/08/2024

Major Stake Sales and Purchases in PNB Housing Finance

Asia Opportunities V (Mauritius) sold a 3% stake in PNB Housing Finance for Rs 676 crore, while the Government of Singapore acquired 16 lakh shares for Rs 143.74 crore. This transaction reduced Asia ...

Posted on 22/08/2024

MHA mulls allowing police to restrict victims’ banking transactions to tackle scams

The restriction will be time-limited, meaning the account will be frozen temporarily. Read more at straitstimes.com.

Posted on 22/08/2024

Singapore’s Temasek to issue 2.7b offshore Chinese yuan bond

SINGAPORE - Singapore's state investment firm Temasek will issue 10-year and 30-year offshore Chinese yuan bonds with a total worth of 2.7 billion yuan ($379 million), according to the latest ...

Posted on 22/08/2024

Wang Qiming and Liu Kai: Bankers who Orchestrated Singapore’s Biggest Money-Laundering Scandal

Singapore’s reputation as a global financial hub has been shaken by a monumental money-laundering scandal involving two prominent bankers, Wang Qiming and Liu Kai. This case, which has become the ...

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