SINGAPORE - Olam Group said its initial public offering (IPO) for its agriculture unit will no longer take place in the first half of 2024, as it announced its half-year results on Feb 28. It also ...
Olam Group’s Singapore-Saudi dual IPO plan for agricultural unit delayed again
OLAM Group said on Wednesday the initial share sale in its agricultural unit would not happen by the first half of 2024, while reporting a 41% drop in annual underlying profit due to high interest ...
Singapore’s bank OCBC fourth-quarter net profit climbs 12% on-year
SINGAPORE, Feb 28 (Reuters) - Singapore's second largest bank Oversea-Chinese Banking Corp (OCBC) reported on Wednesday a 12% jump in net profit in the fourth quarter from a year earlier driven mainly ...
Singapore Stocks: Ho Bee Land Turns to Loss in 2023, Shares Decline
Singapore stock Ho Bee Land Limited (SG:H13) declined over 2% as it turned to a loss in its full-year results for 2023. The real estate developer ...
Emerging Markets: Most Asian stocks fall, Singapore shares down almost 1.1%; forex tepid ahead of key economic data
Most Asian currencies were subdued on Tuesday while stocks extended losses ahead of key US. and regional economic data this week that could provide clues about interest rate outlook from the Federal ...
Singapore stocks close lower as traders eye macro data, STI down 0.4%
SINGAPORE shares ended Tuesday (Feb 27) in the red, against a mixed bag of results in other regional stock markets, as investors waited ... Across the broader market, advancers narrowly beat decliners ...
Shein is considering moving its massive IPO from New York to London amid scrutiny over its supply chains and ties to China
Shein, which was founded in China but is now based in Singapore, was seeking a valuation of $80 billion to $90 billion, per Bloomberg.
Shein’s IPO backup plans can unravel
SINGAPORE, Feb 27 (Reuters Breakingviews) - Shein's IPO alternatives look drab. The fast-fashion retailer is eyeing London, Singapore, Hong Kong and other venues as its U.S. listing hits a snag, ...
Shein Mulls London IPO As US Listing Faces Hurdles: Report
Shein, the Chinese fast-fashion giant, is reportedly contemplating a shift of its initial public offering (IPO) from the U.S. to London due to regulatory obstacles. The company is also considering ...
Citibank Singapore Opens Two New Wealth Centres
Citibank Singapore announced today the completion of both its satellite wealth advisory centres here, reaffirming the global bank's fresh commitment to the country as a key strategic location for its ...
“$6 left in my bank account” after losing it all in stock market & crypto; bank debts over S$60K
SINGAPORE: A man took to social media to share that he had lost most of his money in the stock market and cryptocurrency last year and ended up owing the banks over S$60,000 on credit cards and ...
PepsiCo, IBM sell bonds through Singapore to reap tax benefit
A POTENTIAL tax benefit is spurring United States companies including PepsiCo and International Business Machines (IBM) to sell bonds through their Singapore subsidiaries, fuelling a record surge of ...
Singapore Budget 2024 debate: MPs ask to relook CPF interest rates, housing affordability to help Singaporeans reach retirement adequacy
SINGAPORE, Feb 27 — The recent announcement to close the Central Provident Fund (CPF) Special Account of those aged 55 has put the spotlight again on retirement adequacy, with Members of Parliament ...
Shein considering London IPO amid US resistance to listing
Shein, which was founded in China but is now headquartered in Singapore, is in the early stages of exploring the London option as it has judged it unlikely that the US Securities and Exchange ...
Singapore Stocks: Great Eastern Profits Plunge, Shares Fall
Shares of Great Eastern Holdings Ltd (SG:G07) fell 1.7% today after the Singapore-based insurance giant reported plunging profits for the six ...
Chinese companies axe IPO plans amid listing scrutiny
Companies have scrambled to scuttle plans for initial public offering in China this year as the securities watchdog tightens rules on share listings in a bearish market. Forty-seven companies pulled ...