Overall, the bias in prices is: Sideways. The projected upper bound is: 29.72. The projected lower bound is: 27.46. The projected closing price is: 28.59. A white body occurred (because prices closed higher than they opened). During the past 10 bars, there ... ( read original story ...)
Singapore’s Tagit brings Digital solutions closer to Philippine market
Digital Banking Engagement Platforms. Kok Li Peng, Singaporean Ambassador to the Philippines mentioned, “It is a pleasure to have Tagit invest in the country as Singapore being one of the top investors of the Philippines as well as a fellow ASEAN member. ( read original story ...)
Singapore start-up secures $12.3 billion in assets for blockchain platform
NEW YORK (Reuters) - FUSION, a Singapore-based crypto-finance start-up, has secured $12.3 billion in financial assets from three strategic partners that have committed to lock in those funds with the organization's public blockchain platform, FUSION ... ( read original story ...)
Singapore Startup Secures $12.3 Bln in Assets on Blockchain Platform
Singapore-based crypto-finance company FUSION has secured $12.3 bln in financial assets from three strategic partners, who will lock those assets on the startups’ public blockchain platform, Reuters reported June 1. The funds were reportedly provided by ... ( read original story ...)
The Singapore Stock Market Today: Jawala Inc Makes Its Debut
Here are three things about the local stock market that you might be interested in today. 1. The Straits Times Index (SGX: ^STI) finished Friday at 3,427.51, inching down slightly by 0.02%. Hutchison Port Hldg Trust (SGX: NS8U) lost the most ground among ... ( read original story ...)
Singapore’s PropNex Realty preparing to launch IPO: Sources
SINGAPORE (BLOOMBERG) PropNex Realty Pte, Singapore's biggest property broker, plans to seek about S$40 million from a proposed Singapore initial public offering, people with knowledge of the matter said. The company is targeting a market capitalisation of ... ( read original story ...)
Singapore beats Hong Kong in open banking readiness
Strong regulatory support from MAS buoyed the lion city to score the APAC crown. Singapore easily beat Hong Kong and Australia in its readiness for open banking, according to a report by the International Data Corporation. The report assesses a country's ... ( read original story ...)
Singapore’s bank lending rises 0.8 pct in April from month earlier
SINGAPORE, May 31 (Reuters) - Singapore’s total bank lending rose 0.8 percent in April from a month earlier as loans to businesses increased, central bank data showed on Thursday. Loans and advances by domestic banking units in the city-state amounted to ... ( read original story ...)
Losses loom for Singapore banks as Hyflux struggles to stay liquid: Moody’s
Half of the embattled firm’s debt comes in the form of unsecured bank loans. Around 30 local Singapore banks and foreign subsidiaries run the risk of registering losses as water treatment firm Hyflux struggles to stay afloat after it applied for court ... ( read original story ...)
AirAsia shares tumble as India probe threatens IPO plans
SINGAPORE/KUALA LUMPUR (Reuters) - AirAsia Group Bhd (AIRA.KL) shares plunged on Wednesday after federal police in India filed a case against the airline accusing it of corruption - a probe that threatens to delay its India unit’s IPO plans and ... ( read original story ...)
How chest-thumping nationalism killed potent stock connect between India & Singapore
A stock connect between India and Singapore, modeled on the popular Shanghai-Hong Kong ... and investors are fleeing emerging-market risk. So India wants all its equity derivative trading to go to … the boondocks. SGX clearly underestimated the zeal ... ( read original story ...)
Singapore bourse delays Indian futures launch amid legal dispute
Singapore’s stock exchange has delayed the launch of its new Indian ... who rely on SGX’s platform to manage the risks of their exposures to the Indian market, and significantly diminishes access to, and interest in the capital markets in India”. ( read original story ...)
Singapore & the future of finance: global lighthouse on a little island
In 1942, Austrian economic prophet Joseph Schumpeter coined the term “creative destruction.” Schumpeter envisioned innovation to be the key driver by which industries are “destroyed” and replaced with newer, more creative ones. This force is seen ... ( read original story ...)
Finance Twitter says Dr M will give LKY son the run for the money!
With 90% of the railroad project to be done in Malaysia, and most of the expenditure falling on the Malaysian government, was there really a need for Singapore to be involved? The Finance Twitter site said, Tun Dr Mahathir Mohamad is moving for the kill as ... ( read original story ...)
Genting Singapore may be the major victim of the dropped HSR project
Will Genting Singapore be the major victim of the the Malaysian Government’s decision to scrap the high-speed rail project between Singapore and Kuala Lumpur? The Prime Minister of Malaysia, Dr Mahathir Muhammad had yesterday in no uncertain terms ... ( read original story ...)
TH Group expects IPO in Singapore within next two years
TH Group may one-up Vietjet and VNG by becoming the first Vietnamese firm to have its stock listed on an overseas stock exchange. However, the IPO is planned for 2020, which leaves a lot of space for action for the other firms. The first phase of TH Group ... ( read original story ...)