Singapore is considering new rules to protect consumers after plunging digital asset prices triggered a series of high-profile crypto blowups, including firms based in the city-state. ( read original story ...)
Woman charged after firm’s bank account allegedly received ill-gotten gains of over $370k
She allegedly took instructions from an unidentified person to open two shell companies. Read more at straitstimes.com. ( read original story ...)
Singapore’s prison conditions acceptable; no fans and mattresses for safety reasons: Shanmugam
S'pore's prison regime and prison environment are austere, intentionally so with a lot of emphasis on security and monitoring. Read more at straitstimes.com. ( read original story ...)
Singapore Central Bank Censures Three Arrows Capital for Alleged Misleading and False Disclosures
The crypto hedge fund also exceeded the threshold of assets it could manage in Singapore, according to the central bank. ( read original story ...)
Asia-Pacific markets set to open higher; central bank decisions ahead this week
Futures in the Asia-Pacific pointed to a higher open on Monday. The U.S. market is closed for a holiday Monday. Looking ahead, results from a private survey on China's services activity is due later ... ( read original story ...)
More funds from IPOs seen in H2 as firms face economic woes: Deloitte
Nine IPOs posted $572m in proceeds, raising the total IPO market to $790m. Deloitte is seeing increased initial public offerings (IPO) activity in the second half of 2022 as companies navigate ongoing ... ( read original story ...)
Global IPO market halved year to date; ‘record number’ of spacs face ticking clock
Worldwide, there were 305 IPOs in Q2 2022, down 54% y-o-y. They raised a total of US$40.6 billion, down 65% y-o-y. ( read original story ...)
Singapore Central Bank Reprimands Crypto Hedge Fund Three Arrows, Saying It Flouted Rules
Singapore’s top financial regulator reprimanded cryptocurrency hedge fund Three Arrows Capital, saying it supplied false information to officials and managed more assets than allowed. ( read original story ...)
Soft Start Expected For Singapore Stock Market
The Singapore stock market on Wednesday snapped the three-day winning streak in which it had improved more than 45 points or 1.6 percent. The Straits Times Index now rests just above the 3,130-point ... ( read original story ...)
Stock Market LIVE Updates: Sensex and Nifty50 likely to open lower today — SGX Nifty futures decline 50 pts
Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to make a soft start on Thursday, amid a largely negative trend across global markets after data showed the world's largest economy ... ( read original story ...)
IPO activity in SG spikes as capital shifts to SEA amidst global geopolitical tensions
Despite the absence of real estate investment trusts or business trusts listings since the start of the pandemic, this category remains the most significant type of listings on SGX. ( read original story ...)
More Singapore IPOs expected this year despite slower growth prospects
The local stock exchange saw a higher number of new listings in the first half of the year compared to the whole of last year. This signals returning interest in Singapore as an avenue for equity fund ... ( read original story ...)
Tianqi Lithium’s market ‘reopening’ IPO flies off shelves
Books on Tianqi Lithium’s initial public offering were covered on the first day of bookbuilding, with some ECM bankers viewing the interest in the deal, and its possible success, as a signal of a ... ( read original story ...)
IPO market marks its busiest half-year in five years
The number of new IPOs in SG increased from three in H121 to 10 in H122. The geopolitical instability seems to have not affected Singapore’s IPO market as it marked its busiest half-year in five years ... ( read original story ...)
Chart of the day: Singapore H1 2022 IPO volume highest since 2017
However, funds raised were lower than in the first half of 2019 and 2020. This chart from the Equity Capital Markets Watch report of PwC shows the volume of initial public offerings in the first half ... ( read original story ...)
Biotech startup Mirxes weighs US$300 mil Singapore IPO
Deliberations are ongoing and Mirxes could decide not to proceed with the offering, said the people. Calls and emails to Mirxes seeking comment were not returned. Any listing would help to further ... ( read original story ...)