As COVID-19 has ripped through the Singapore economy, such words have become part of ... Firms had to return to the drawing board to work out contingency plans to stay in business. The economy swiftly ... ( read original story ...)
Singapore’s Sea tumbles as e-commerce slows down
SINGAPORE: Sea Ltd, South-East Asia’s most valuable company ... While reporting its financial results, Sea said that it now forecasts its digital entertainment business will surpass revenue of ... ( read original story ...)
With Singapore emerging as space technology hub of Southeast Asia, we talk to scientists, inventors and ‘astropreneurs’ in the Lion City
SpaceX lifts off with four astronauts to International Space Station “Our vision is to be in every satellite and every autonomous vehicle,” says Shu Wei, ZES co-founder and chief technology officer. ( read original story ...)
Fintech startup Affirm’s IPO filing shows revenue surge amid lending boom
It filed for an IPO of up to $100 million, but that is a placeholder amount and is expected to change. Its major investors include Peter Thiel’s venture firm Founders Fund, Singapore’s ... ( read original story ...)
Ant Alumni Who Cashed Out Before IPO Flop Have Big Ambitions
He recalls heading for Hangzhou and Shanghai, expecting IPO celebrations in both places ... Bill Deng joined Ant in 2010 after working for Visa Inc. in Shanghai, Beijing, and Singapore. He soon became ... ( read original story ...)
Shades of green: Banks take bigger steps toward greener finance amid climate change push
As countries around the world look for ways to bounce back post-COVID-19, there’s been greater emphasis on building back better and greener. ( read original story ...)
5 new Covid-19 cases in Singapore, all imported for 8th day
SINGAPORE - There were five new coronavirus cases confirmed as of noon on Wednesday (Nov 18), all of them imported, for the eighth day in a row. Those infected had been placed on stay-home notices on ... ( read original story ...)
UOB sues retiree to recover more than $100k lost in alleged phone scam
But Mr Lim Thiam Ho claims that he was duped into logging into his bank account by scammers who applied for the cash advance.. Read more at straitstimes.com. ( read original story ...)
A US Navy First Fleet in the Indian Ocean, based out of Singapore? Not likely, analysts say
The US Navy Secretary’s proposal is seen as a ‘trial balloon’ that is unlikely to garner immediate regional support. ( read original story ...)
Singapore PM Lee Hsien Loong pushes for foreign talent, says LGBT people welcome
Lee Hsien Loong said talent is crucial for Singapore to become a regional tech powerhouse, despite potential friction between foreigners and locals. ( read original story ...)
Singapore’s DBS to rescue Lakshmi Vilas Bank, first such move by any foreign lender
By Bijou George and Suvashree Ghosh DBS Group Holdings Ltd. will take over India’s Lakshmi Vilas Bank Ltd. in a deal orchestrated by the nation’s central bank, the first time authorities have turned ... ( read original story ...)
DBS faces potential culture clash as it scoops up India’s distressed Lakshmi Vilas Bank
MUMBAI/BENGALURU/SINGAPORE: DBS Group's move to take over troubled Lakshmi Vilas Bank will give Southeast Asia's largest lender the boost in India it has long desired, but aligning the two banks' ... ( read original story ...)
DBS faces potential culture clash as it scoops up distressed Indian lender
DBS Group's DBSM.SI move to take over troubled Lakshmi Vilas Bank LVLS.NS will give Southeast Asia's largest lender the boost in India it has long desired, but aligning the two banks' business ... ( read original story ...)
Merger with LVB to strengthen DBS Bank’s India business, says Moody’s
The RBI on 17 November announced a draft scheme for the merger of Lakshmi Vilas Bank (LVB) with the wholly-owned subsidiary of DBS Bank in India soon after the government imposed a one-month moratoriu ... ( read original story ...)
The three green loans mark CapitaLand’s first foray into sustainable finance in India.
CapitaLand has secured its first three green loans in India, totalling Rs 1700 crore, from DBS Bank India Limited (DBS) and the Hongkong and Shanghai Banking Corporation Limited India (HSBC India) for ... ( read original story ...)
Hong Kong, Singapore, Dubai or Nur-Sultan: Where is the Future of Asian Arbitration?
With Beijing spooking some investors in Hong Kong, other Asian cities are angling for prominence as arbitration centers. ( read original story ...)