Piyush Gupta of Singapore's DBS Group Holdings says the bank in many instances relies on clients to disclose their activity, and employ third-party auditors to check on customers. Got a confidential ... ( read original story ...)
Light at the end of the tunnel? Singapore to maintain 5.8% GDP growth forecast
The threat of of COVID-19 variants attacking key trading partners may still weaken recovery, advises Fitch. Singapore continues to recover from its 5.2% contraction in 2020, as Fitch Solutions ... ( read original story ...)
Commentary: Deliveroo’s IPO is a lesson to not underestimate investors
The Deliveroo IPO debacle should not be seen as a barometer of future stock market listings for a few reasons, says The Smart Investor's David Kuo. ( read original story ...)
Traditional IPOs outperform Spacs as blank-cheque frenzy cools
Special-purpose acquisition companies (Spacs) may have become the hottest must-have for business tycoons, celebrities and even athletes, but old-school initial public offerings (IPOs) have quietly ... ( read original story ...)
Singapore nickel trader’s lavish lifestyle allegedly fueled by $740m fraud
In a case that has riveted Singapore’s moneyed-classes, Ng was charged last month with four counts of fraud for allegedly raising at least S$1 billion ($740 million) from invest ... ( read original story ...)
Asean IPOs fall in Q1 amid record-breaking global IPO market
ASEAN saw a total of 23 initial public offerings (IPOs) raising US$2.4 billion in the first quarter of 2021, down from the 32 listings raising US$3 billion over the same period last year, according to ... ( read original story ...)
Singapore trader’s lavish llfestyle allegedly fuelled by S$1 billion fraud
The lavish llfestyle of Ng Yu Zhi, a 33-year-old Singapore trader, was allegedly fuelled by fraud of at least S$1 billion. ( read original story ...)
Analysts say change in succession won’t have “huge impact on Singapore’s future development”
Whoever is chosen to be the next Prime Minister, this won't make much difference in Singapore's development plans because Prime Minister Lee Hsie ... ( read original story ...)
Mild Upside Tipped For Singapore Stock Market
The Singapore stock market turned lower again on Wednesday, one session after it had ended the five-day losing streak in which it had stumbled more than 35 points or 1.2 percent. The Straits Times ... ( read original story ...)
SGX Nifty down 90 points; here’s what changed for market while you were sleeping
Asian markets were trading mixed in Thursday's trade tracking overnight trading in US stocks. Japans Nikkei advanced 0.23 per cent, Hong Kongs Hang Seng fell 0.47 per cent; Koreas Kospi added 0.3 per ... ( read original story ...)
5 key takeaways from Grab’s IPO plan
SINGAPORE: Grab’s plan for a US listing has revealed some of the Singapore tech unicorn’s key information, from its ownership structure to financials to valuations. It also has some implications for ... ( read original story ...)
Markets Live: SGX Nifty Indicates Losses; Infosys, HDFC Bank, Aditya Birla Capital In Focus
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today. ( read original story ...)
Grab sets $52 billion IPO target in huge SPAC deal
The planned merger with Altimeter Capital Management will see Singapore’s ride-hailing giant list in New York. ( read original story ...)
Singapore’s Central Bank Holds Policy as Pandemic End in Focus
Singapore’s central bank kept key policy settings unchanged as the city-state focuses on economic recovery amid a global vaccination drive, while saying its accommodative stance “remains appropriate.” ... ( read original story ...)
Grab set for US IPO in $39B merger deal
Southeast Asian mobile platform has inked a merger deal with Altimeter Growth in what is touted to be the biggest US equity offering, at $39.6 billion, and is preparing a public listing on Nasdaq in ... ( read original story ...)
Singapore’s Grab strikes $40 billion deal in record SPAC merger
Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly ... ( read original story ...)