The Singapore stock market has finished lower in three straight sessions, slipping nearly 40 points or 1.1 percent along the way. The Straits Times Index now rests just above the 3,530-point plateau although it may find traction on Thursday. The global ... ( read original story ...)
Venture, recent IPOs among changes to MSCI, FTSE indices
SINGAPORE - Electronics manufacturer Venture Corp has been added to two stock indices, and removed from one after mid-year reviews by index providers MSCI and FTSE. The firm is now included in the MSCI Singapore Index, as well as the FTSE Value-Stocks ... ( read original story ...)
Singapore’s biggest bank takes on China giants in fintech battle
SINGAPORE (May 15): Piyush Gupta sees himself as uncomfortably close to the action in the battle between traditional banks and China’s insurgent fintech giants. The chief executive officer of Singapore’s DBS Group Holdings Ltd has been trying to re ... ( read original story ...)
Singapore Shares May Reverse Monday’s Losses
The Singapore stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had added more than 15 points or 0.4 percent. The Straits Times Index now rests just above the 3,560-point plateau although it ... ( read original story ...)
Deutsche Bank has no plans to pull out of Asian countries – CEO
The bank’s business in Asia, however, remains key to the lender’s global success, Sewing told a company town hall meeting in Singapore on Monday, according to a Hong Kong-based spokeswoman for the bank. “We can only be relevant to our clients if we ... ( read original story ...)
Singapore launches best practice papers to combat money laundering, terrorism financing
SINGAPORE - Singapore regulators and the banking industry launched on Monday (May 14) two best practice papers to better prevent money laundering and terrorism financing, in the wake of the 1MDB scandal that hit the city-state and amid the increasing ... ( read original story ...)
Oversea-Chinese Banking Corporation Ltd Starts The Year With a Bang
With banks in Singapore doing tremendously well financially in 2017, plus bank stocks up more than 50% on average over the last one-year period, the spotlight was firmly on them as they released their first quarter results for 2018. In this article ... ( read original story ...)
Deutsche Bank CEO Said to Tell Asian Staff There’s No Exit Plans
Deutsche Bank AG’s chief executive officer told employees in Asia ... Christian Sewing made the assurances at a townhall meeting in Singapore, the people said, asking not to be identified as the speech was private. During a separate investor forum ... ( read original story ...)
CoinDesk Announces the launch of Consensus Singapore
However, the Consensus: Singapore event marks a pivotal moment for the series ... and extensive reach into multiple vertical markets including finance and technology, with CoinDesk’s great brand and community reach, create the ideal combination to ... ( read original story ...)
HSBC Singapore Joins Forces With ING & Cargill to Conduct Live Commercial Trade Finance Transaction on R3’s Blockchain Platform Corda
HSBC Singapore announced on Monday it was joining forces with ING and agrifood group Cargill to conduct what it claims to be the first live, commercial trade finance transaction on R3’s blockchain platform, Corda. According to HSBC Singapore, the ... ( read original story ...)
Paktor’s parent company files for $115m US IPO. It faces a challenging future.
M17 Entertainment, the parent company of Singapore-based dating app Paktor, hopes to raise up to US$115 million in a US initial public offering (IPO). However, with the dating app only forming a small part of its income, M17 is banking on live-streamed ... ( read original story ...)
Singapore Startup Paktor Is Applying For An IPO On New York Stock Exchange
According to a securities and exchange commission filing, Paktor, along with its parent company and subsidiaries (collectively called M17 Entertainment), is eyeing for an initial public offering on the New Year Stock Exchange. Filed on the 11th of May, M17 ... ( read original story ...)
Deutsche Bank CEO Vows to Stay Strong in Asia Amid Overhaul
Deutsche Bank AG’s new chief executive officer pledged to keep the ... continue to be strong in Asia," CEO Christian Sewing said Monday at an investor forum in Singapore on his first visit to the region since taking the job last month. ( read original story ...)
Little Movement Expected For Singapore Bourse
The Singapore stock market bounced higher again on Friday, one session after it had halted the two-day winning streak in which it had added more than 15 points or 0.4 percent. The Straits Times Index now rests just above the 3,570-point plateau and it's ... ( read original story ...)
The Leader Who Wanted a `Crooked Bridge’ With Singapore Is Back
“Singapore will have to adapt to new personalities in Malaysia ... strengthen and deepen the bilateral relationship,” Lee said. Mahathir’s pick for finance minister, Lim Guan Eng, said at a weekend briefing the government wanted to review all ... ( read original story ...)
Singapore, Brunei ink pacts to boost cooperation in finance
BANDAR SERI BEGAWAN - Financial cooperation between Singapore and Brunei received a boost on Saturday (May 12) with the signing of two new agreements. The signings of the agreements - a memorandum of understanding (MOU) to exchange information related to ... ( read original story ...)