A handful of biotechs and pharma companies have posted sizable IPOs in 2023, despite a tight economy. Still, the numbers are way down from last year.
Grab, Sea Push Singapore to Lift Digital Banks’ Deposit Cap
Singapore’s new digital banks backed by Grab Holdings Ltd. and Sea Ltd. are pushing the country’s central bank to lift a cap on deposits that they see as hamstringing their growth.
Saudi wealth fund PIF joins Temasek of Singapore in reporting steep 2022 investment losses amid slump in US, China markets
Two of the world’s biggest wealth funds reported steep investment losses in 2022 as markets slumped. More than US$8.8 trillion of value evaporated from benchmark index stocks in the US and Hong Kong.
Singapore’s Investment Conglomerate Temasek Drops Crypto Investment Plans Citing Regulatory Uncertainties
Temasek Holdings faced its worst returns in seven years and had written down a $275 million stake in the now-bankrupt crypto exchange FTX, to zero last year.
Sources: Malaysian art studio Lemon Sky behind ‘The Last of Us’, Spider-Man games plans IPO in Singapore
Lemon Sky Studios, the Malaysian art and animation company involved in videogames such as Square Enix’s Final Fantasy XVI and Marvel’s Spider-Man ...
6 Life Science IPOs in 2023
A handful of biotechs and pharma companies have posted sizable IPOs in 2023, despite a tight economy. Still, the numbers are way down from last year.
Singapore bank to close five accounts held by Myanmar’s MAI
Singaporean multinational banking entity, the United Overseas Bank (UOB), is closing five bank accounts held by MAI - Myanmar Airways International (8M, Yangon), according to a leaked June 25 letter ...
Singapore Billionaire Peter Lim’s Thomson Medical To Buy Vietnam Hospital Operator For $381 Million
Thomson Medical Group has agreed to buy hospital operator Far East Medical Vietnam as the Singapore-based healthcare company expands its footprint across Southeast Asia.
5 Takeaways From Temasek’s FY2023 Performance (And How To Apply It To Our Investments Amid High Interest Rates, Global Uncertainties)
What should you do with your investments while the world grapples with stubborn high inflation? Singapore investment company Temasek’s global direct investments saw a reversal of gains from the high ...
S$8m malware scams: 5 people aged 16 to 28 to be charged with giving Singpass, bank accounts for proceeds laundering
Five people aged 16 to 28 will be charged on Wednesday (July 12) for their suspected involvement in money laundering activities linked to banking-related phishing scams involving malware where victims ...
Singapore’s Temasek says it’s not looking to invest in crypto firms amid current regulatory uncertainties
Singapore's Deputy Prime Minister and Finance Minister Lawrence Wong called the loss "disappointing" and damaging for Singapore's reputation. In May, Temasek then announced it is cutting the salaries ...
Singapore state investor Temasek posts negative annual return, its first since 2020
Its global direct investments, particularly in technology, healthcare and payments, saw "a reversal of gains" in the 12 months ending March 31 this year.
Singapore’s Temasek reports portfolio value drop, positive on China tech
Singapore investment firm Temasek Holdings (TEM.UL) on Tuesday posted a 5.2% drop in its net portfolio value to S$382 billion ($284.65 billion) in the financial year that ended in March.
Singapore-based medical firm Genesis MedTech weighs up to US$500 million HK IPO: sources
GENESIS MedTech Group, a medical device company, has selected advisers for a potential initial public offering (IPO) in Hong Kong, according to people familiar with the matter. Read more at The ...
Ascenda unveils expansion of OCBC partnership to grow bank’s premium rewards offering
Today, rewards technology leader Ascenda announced the expansion of its partnership with OCBC, Singapore's longest-established bank and second-largest financial group in Southeast Asia by assets. The ...
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