Singapore payments company Nium Pte aims to break even in time for a US initial public offering within two years, a positive signal for Southeast Asia’s struggling startup ecosystem.
Singapore banks can’t afford to miss out on coal phase-out despite immense challenges
THE hot topic in South-east Asian sustainable finance these days is the early retirement of viable coal power plants, known in industry shorthand as coal phase-out. Read more at The Business Times.
Should you invest or insure first? Expert sheds light on common financial planning dilemma
Before seeking returns, build a strong financial foundation with insurance to protect yourself against life’s uncertainties. Read more at straitstimes.com.
Singapore’s star banker Piyush Gupta creates a succession dilemma for DBS
DBS Group Holdings Ltd., led by CEO Piyush Gupta for over 13 years, faces the challenge of finding a successor who can maintain the bank's success and emulate Gupta's leadership. The bank's recent ...
Singapore’s Crypto Firms Have to Keep Customer Funds in a Statutory Trust: MAS
Singapore’s top financial regulator issued a notice on 3rd July ordering crypto service providers in the region to transfer all user funds to a statutory trust before the end of the year. The decision ...
Payments start-up Nium opens headquarters in S’pore, eyes IPO in 2 years
The company also said it plans to grow its Singapore headcount from 90 employees now to 300. Read more at straitstimes.com.
Payments start-up Nium unveils new headquarters in S’pore, eyes IPO in 2 years
The company also said it plans to grow its Singapore headcount from 90 employees now to 300. Read more at straitstimes.com.
Singapore’s bank OCBC to deliver $2.2 bln extra revenue by 2025
Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) said on Monday it expects to deliver an additional revenue of S$3 billion ($2.22 billion) by 2025, after it posted a record ...
Singapore’s star banker Piyush Gupta creates succession dilemma for DBS
Singapore’s gross domestic product per capita ... One early decision was to beef up transaction banking, a combination of cash management and trade finance that Gupta knew well from his time at Citi.
Investing in digital economies: How investors can diversify their portfolios and ride the tech wave in South-east Asia and India
Apple, which makes most of its products in China, is rapidly expanding production in India and Vietnam and it may soon add Thailand as a manufacturing base. Read more at The Business Times.
BRIEFS: Hong Kong, Singapore spearhead ESG integration in Asian private equity
Mark Uhrynuk, a partner at Mayer Brown, says regulators in Hong Kong and Singapore are spearheading this transformation in the approach expected to reshape the PE industry. “Many Asia-based PE ...
Asia-Pacific Strategic Investments’ acquisition of MoneySmart falls through
ASIA-PACIFIC Strategic Investments (APS) will no longer acquire Catapult Ventures, which owns personal financial marketplace MoneySmart. Read more at The Business Times.
Digital Banking: Singapore’s OCBC to Enable Fully Digital Account Opening for Foreigners
OCBC (SGX: O39) has launched a fully digital account opening service for consumers in its key markets who are relocating to Singapore.
Top Stock Market Highlights of the Week: Singapore’s Core Inflation, Micron Technology and Oracle Corporation
Inflation continues to ease in Singapore while we look at a chipmaker’s latest results to gauge the supply-demand situation within the sector. The post Top Stock Market Highlights of the Week: ...
Singapore-UK Bilateral Investment Treaty: Status of Negotiations
Singapore and the UK are in the midst of negotiations on an updated bilateral investment treaty under the UK-Singapore Free Trade Agreement.
Stock market today: Asia mixed after Wall St drifts lower following run-up
New Zealand and Bangkok declined while Singapore and Jakarta advanced. Stock prices surged this year on hopes that ... Last week was the index's first losing week in the past six. On Monday, the U.S.