ABN Amro Bank has surrendered its licence in Singapore and will no longer provide corporate and institutional banking services. Read more at straitstimes.com.
Use hydroelectricity to attract foreign investment, not sell it to Singapore and Peninsular Malaysia, state DAP chairman tells Sarawak
Sarawak DAP chairman Chong Chieng Jen today urged the state government to focus on how to use the hydroelectricity to attract good investment instead of selling it to Singapore and Peninsular Malaysia ...
Singapore companies’ love affair with Nasdaq continues despite post-IPO heartaches
SINGAPORE-based companies continue to flock to the Nasdaq exchange in the United States, even though data shows it is tough for smaller players to win investors there. Read more at The Business Times.
Staying listed in the US could prove to be a rough ride for Singapore companies
RIDE-HAILING startup Ryde and personal-finance comparison platform MoneyHero Group are the latest in a string of Singapore-linked companies to seek a listing in the US markets. Read more at The ...
Singapore Shares May Rebound On Tuesday
The Singapore stock market on Monday snapped the two-day winning streak in which it had risen more than 25 points or 0.8 percent. The Straits Times Index now sits just above the 3,165-point plateau ...
Growing interest in overseas listings among companies in Asia, including Singapore
This comes even as initiatives have been taken by local bourses to entice firms to list on them. Read more at straitstimes.com.
SG’s outbound investment drops 36.4% QoQ in 3Q23
Year-on-year, outbound investment declined 62%. Singapore’s outbound investment fell to $2.7b in 3Q23, data from Real Capital Analytics showed. The 3Q23 figure translates to a 36.4% QoQ and 63% YoY ...
Explained: Why the Singapore dollar is so strong against the ringgit
The ringgit and the Singapore dollar were once at par and freely interchangeable. That ended in 1973. Since then, the value of the ringgit has sunk, reaching a new low in June of RM3.4384 to one ...
IPO Roundup: WeBuy Global, Birkenstock Holding and more
The IPO market revived in 3Q23, with 30 firms going public and raising a total of $7.8B, which was greater than the total proceeds generated in 2022. Arm (NASDAQ:ARM) dominated the quarter, raising $4 ...
Singapore-based FII buys stake in multibagger stock Balu Forge despite 250% YTD rally
Apart from Ashish Kacholia, another value investor Vanaja Sundar Iyer also bought stake in this multibagger stock. Vanaja Sundar Iyer bought 18,00,000 shares of Balu Forge Industries, which is 1.80 ...
Malaysia’s OMS puts $300 million IPO on hold -sources
Malaysian telecommunications infrastructure group OMS has put its plan to list on hold due to unfavourable market conditions, two sources with knowledge of the matter said.
Three-quarters of CEOs expect ESG investments to pay off after 3 to 7 years
About 72% of CEOs said it will benefit M&A (24%) and talent attraction (24%). Singapore’s top bosses are continuing their investment in ESG, with over a third of CEOs (36%) changing the language they ...
Redefining Investments: KB53 Token’s Journey in Asia Begins
David Wegner said KB53 Token's strategic expansion into Asia marks a significant milestone in the world of real-world asset investment ...
Singapore banks sharpen scrutiny after $2 bln money laundering scandal -sources
Banks in Singapore are taking longer than usual to perform due diligence on clients and closing accounts in some cases, sources said, as procedures tighten after the financial hub's biggest money ...
Singapore urges citizens to avoid Gaza Strip and West Bank travel amid attacks
Singapore's foreign affairs ministry has urged Singaporeans against traveling to certain areas in the Middle East due to the escalating conflict.
Wall Street is worried that the bear market has ‘unfinished business’
Take Bank of America Corp strategist Michael Hartnett, who’s advising clients to pull back from US stocks because he’s “convinced the bear market has unfinished business.” ...