Investors have been looking forward to the cryptocurrency platform’s direct listing, with initial estimates valuing the company at $80bn. ( read original story ...)
Mubadala Discusses GlobalFoundries IPO at $20 Billion Value
The IPO market has been booming since last year ... s manufacturing facilities in 2009 and later combined them with Singapore’s Chartered Semiconductor Manufacturing Ltd. With factories in ... ( read original story ...)
Exclusive | Getting ready for IPO, but no timeline yet: Pine Labs CEO Amrish Rau
"I am not a believer in talking about IPOs beforehand but I certainly want to understand ... in South East Asia and have partnered with banks in Malaysia, Indonesia, and Singapore. We will step up ... ( read original story ...)
GloFo to IPO at a $20bn valuation
Preparations are going ahead for a $20 billion IPO of Globalfoundries, reports Bloomberg. GloFo’s owner, the sovereign wealth fund Mubadala Investment Co o ... ( read original story ...)
Singapore Stock Market Set To Snap Losing Streak
The Singapore stock market has finished lower in three straight sessions, dropping almost 25 points or 0.8 percent along the way. The Straits Times Index now rests just above the 3,185-point plateau ... ( read original story ...)
Singapore’s Biggest Bank to Cut Office Space in Home Market
(Bloomberg) -- DBS Group Holdings Ltd. is poised to trim office space in Singapore, the latest bank to pare its footprint in the city-state during the coronavirus pandemic. Southeast Asia’s largest ... ( read original story ...)
Singapore deputy PM unexpectedly steps aside as future premier, in succession setback
an economist at CIMB Private Banking. "I always saw Heng as a bridge between the older and newer group of leaders." The Singapore dollar was steady following the announcement on Thursday ... ( read original story ...)
Singapore Finance Chief Bows Out as Prime Minister Successor
There has been a blow to Singapore's long-telegraphed power transition with the man expected to take over the reins from Prime Minister Lee Hsien Loong stepping aside. Juliette Saly reports on ... ( read original story ...)
Mubadala Said to Plan GlobalFoundries IPO at $20 Billion Value
Abu Dhabi’s Mubadala Investment Co. has started preparations for a U.S. initial public offering of chipmaker GlobalFoundries, people with knowledge of the matter said.The sovereign wealth fund has ... ( read original story ...)
TPG Chooses Banks for $594 Million Asian Pathology IPO
TPG Capital Asia has picked banks to help prepare an initial public offering of its pathology business in the region that could raise as much as S$800 million ($594 million) in Singapore, according to ... ( read original story ...)
Man jailed for cheating bank into transferring over $2.39m from a relative’s account to his firm
The 52-year-old pleaded guilty to seven charges of cheating and was sentenced to 45 months' jail.. Read more at straitstimes.com. ( read original story ...)
Singapore Finance Chief Bows Out as PM Successor in Shock
(Bloomberg) -- Singapore Finance Minister Heng Swee Keat stepped aside as the designated successor to Prime Minister Lee Hsien Loong, a shock move that will likely push back a long-telegraphed power ... ( read original story ...)
Singapore’s finance minister steps aside as PM-designate in major shake-up to leadership transition
In a press conference, Heng said he was relinquishing his position as the unofficial leader of the so-called 4G or fourth-generation group of PAP leaders who are slated to succeed Prime Minister Lee ... ( read original story ...)
Singapore Leadership Plan Upended as Heir Apparent Steps Aside
(Bloomberg) -- Singapore Finance Minister Heng Swee Keat stepped aside as the designated successor to Prime Minister Lee Hsien Loong, a surprise move that will likely push back a long-telegraphed ... ( read original story ...)
Singapore govt to recover S$370 million in wage support wrongly paid out to firms
An excess of $370 million in wage support was erroneously paid out last year, after the Government used the wrong dates to determine the amount that 5,400 companies should get. ( read original story ...)
Steady Start Tipped For Singapore Stock Market
(RTTNews) - The Singapore stock market has moved lower in two straight sessions, slipping almost 15 points or 0.5 percent along the way. The Straits Times Index now rests just above the 3,195-point ... ( read original story ...)