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 ...)
UOB prices Singapore’s first sustainability bond offering
The proceeds will finance or refinance eligible businesses and projects in areas such as green buildings and renewable energy, as well as eligible social assets including COVID-19-related temporary ... ( read original story ...)
Spac bubble fears lead HK, Singapore down cautious path
and that Spac acquisitions will have to meet the existing standards for initial public offerings (IPOs). The city is in a race with Singapore, which is now further along after releasing a consultation ... ( read original story ...)
Investment behemoth IPO can fly without Reddit mob
Asset management platform Allfunds will list in Amsterdam. Its model of channelling banks’ clients into funds means it will miss the amateur share trading frenzy. But its 1.2 trln euros of assets, ... ( read original story ...)
Allfunds targets $8.3 billion euro valuation in Amsterdam IPO -source
Madrid-based fund distribution firm Allfunds is targeting a valuation of over 7 billion euros ($8.3 billion) from a planned Amsterdam initial public offering, according to a source familiar with the ... ( read original story ...)
Macrotech Developers IPO: Opens today; Key details you should know before subscribing
The initial public offering (IPO) of the Mumbai-focused Macrotech developers – erstwhile Lodha Developers – will open for subscription today ... ( read original story ...)
Nomura, CDPQ Arm Invest in IPO of Trump Tower India Developer
The success of the 25 billion-rupee IPO is a test for the Mumbai-based company, which built Trump Tower in the city. Adverse market conditions forced Macrotech to ditch two previous attempts, Managing ... ( read original story ...)