At closing bell, the Straits Times Index (STI) index was up 29.04 points, or 0.93% to 3,136.14 after trading between 3,114.43 and 3,151.08. Volume of 1.48 billion shares worth S$1.24 billion changed ...
Singapore ride-hailing firm Ryde to debut on New York Stock Exchange
RIDE-hailing and carpooling firm Ryde is joining a growing number of Singapore-based companies listed on the US stock market. Read more at The Business Times.
Singapore welcomes Bitstamp into its regulated crypto sphere
Bitstamp, a leading crypto trading platform, has announced receiving in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution within the ...
Ryde announces IPO in the US, but the journey may be far from easy
An IPO listing might be a successful milestone for many startups, but Ryde's case may hint that the move is their last resort.
Singapore Stock Market Poised To Extend Losing Streak
(RTTNews) - The Singapore stock market has moved lower in three straight sessions, slipping almost 35 points or 1.1 percent along the way. The Straits Times Index now sits just beneath the 3,110-point ...
Singaporean bank DBS CEO Gupta’s total pay dropped 27% to $8.3 mln in 2023
Piyush Gupta, CEO of Singapore's biggest bank DBS Group and one of the highest paid CEOs in the city-state, saw his total compensation dropped 27.3% for 2023, according to the lender's annual report ...
Singapore’s Temasek in Talks to Invest in OpenAI Amid Its $5T AI Chip Project
Singapore state-owned investment firm Temasek Holdings is reportedly in talks to invest in OpenAI, the AI development firm behind ChatGPT. Financial Times reported Tuesday, citing sources that said ...
How Shein’s US IPO Became Endangered by China Rift
US investors are facing the growing risk of losing out on Shein’s potentially huge initial public offering, as the fast-fashion giant with Chinese roots considers holding it in London instead.
Chinese fast fashion brand Shein could have its wings clipped before it IPOs as France mulls 50% tariff and U.K. retailers call for closure of tax loophole
French lawmakers want to tax fast fashion's environmental harms, while U.K. retailers want the government to close Shein's parcel loophole.
Olam Group’s Singapore-Saudi dual IPO plan for agri unit delayed again
Olam Group said the delay was due to the regulatory framework still being finalised in Saudi Arabia to enable the listing of foreign companies.
Dubai’s Parkin sets IPO price range of up to 2.1 dirhams per share
DUBAI, March 5 (Reuters) - Dubai's Parkin, which oversees public parking operations in the emirate, has set the price for its planned initial public offering (IPO) at 2 to 2.1 dirhams ... from top ...
Mobile-Health Network Solutions Finalizes U.S. IPO Terms
Mobile-Health Network Solutions has filed for an IPO to raise $10.125 million. The company provides a telehealth platform and related services in Singapore. Due to a number of risks, mediocre growth ...
Asia seeks 2024 redemption for IPOs
2023 was a testing time for many of Asia's stock markets through a combination of weak performance and a lack of IPOs. FA looks at what went wrong ... others including China, Hong Kong, Singapore and ...
Exclusive: Singapore’s Temasek shortlists Saudi Aramco, Shell in sale of Pavilion Energy assets, sources say
SINGAPORE/LONDON, March 5 (Reuters ... The sale process comes a decade after the state investment firm set up Pavilion Energy to focus on LNG-related investments, and takes place as spot Asian LNG ...
Shell companies in Singapore linked to money laundering operation in India
One of India's law enforcement agencies has uncovered a money laundering operation involving fake invoices issued by purported shell companies in Singapore for software and other services.The ...
Singapore Market falls 0.43%
At closing bell, the Straits Times Index (STI) index was down 13.55 points, or 0.43% to 3,122.21 after trading between 3,119.70 and 3,147.40. Volume of 1.56 billion shares worth S$967.80 million ...