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Posted on 06/08/2024

Ola IPO waits to cross the line ; FirstCry’s anchor book sets off

Ola Electric Mobility’s initial public offering (IPO) of Rs 6,146-crore — the largest in two years — closes on Tuesday. Amid a selloff in the global market, subscription for the maiden share sale by ...

Posted on 06/08/2024

Is Singapore’s housing model a realistic solution for Canada’s affordability woes?

VANCOUVER - Urban planner Louisa-May Khoo says she got a sense of deja-vu when British Columbia Premier David Eby announced the BC Builds housing ... ( read original story ...)

Posted on 06/08/2024

Citi hires DBS’ Yeo Wenxian as head of wealth for South Asia

SINGAPORE – Citi Wealth on Aug 6 announced the appointment of Ms Yeo Wenxian as its new head of wealth for South Asia, commencing on Nov 1. The Singaporean executive is also set to be Citibank ...

Posted on 06/08/2024

WhoMadeWho, Da Capo to Headline AFTER 2049, Singapore’s Biggest Pre-Formula 1 Party

Closing out the world's largest Web3 conference, TOKEN2049, the party will be hosted on the SkyPark Observation Deck of Singapore's iconic Marina Bay Sands, delivering a night of sensory indulgence ...

Posted on 06/08/2024

Singapore stocks rose on Tuesday—STI climbed by 0.8%

Singapore stocks rose on Tuesday, August 6, rebounding from a global market slump where all three major Wall Street indices declined. The Straits Times Index (STI) climbed 0.8%, gaining 24.79 points ...

Posted on 06/08/2024

Singapore Fintech Deal Activity Rises Amid Declining Investments; Cryptocurrency, Blockchain, and Payments Lead Funding

Singapore’s fintech deal count rose by 19 percent to 117 deals in H1’24, but total deal volume fell 34 percent to US$522.89 million in H1’24 amid economic uncertainties. Investment in cryptocurrency ...

Posted on 06/08/2024

PAG-Backed Nuvama Targets Indian Wealth in Dubai, Singapore

The private-banking arm of Nuvama Wealth Management Ltd. has begun operating in Dubai and expects to begin business in Singapore in the next quarter, looking to tap the wealth of the Indian diaspora ...

Posted on 06/08/2024

Markets bid to recover from brutal sell-off but fears linger; Singapore share index down 0.7%

SINGAPORE - Margin calls pushed the Singapore market further south on Aug 6 even as other Asian ... “Now is the best time to pick up the favourite stock you’ve been eyeing for a while, at a valuation ...

Posted on 06/08/2024

$8.5 trillion wiped out from global stock markets but are recession fears premature?

The pillars that had underpinned financial-market gains for years have been shaken. Read more at straitstimes.com.

Posted on 06/08/2024

FirstCry IPO: Issue subscribed 2% on Day 1, employees buy 44% of allocated portion

Marquee institutional investors including Government of Singapore, Monetary Authority of Singapore ... aims to raise Rs 4,193.73 crore through an initial share sale. The IPO is a combination of fresh ...

Posted on 06/08/2024

Revolut Introduces Business Banking Platform to Singapore Market

Revolut has introduced its business-to-business platform, Revolut Business, in Singapore, marking its first venture into the Asian market.

Posted on 06/08/2024

No reason to panic despite sharp market sell-off: OCBC, StashAway

Markets in Asia Pacific saw broad-based selling with Japanese equities experiencing the sharpest sell-off in the region, with the Nikkei 225 index down more than 12% partly because of the yen’s sharp ...

Posted on 06/08/2024

CapitaLand Ascott Trust bags $165 million OCBC sustainability-linked loan

Trust said to have “greened” 51 per cent of its global portfolio by gross floor area. Read more at straitstimes.com.

Posted on 06/08/2024

Bitcoin Claws Back From Steep Losses as Crypto Traders Buy Dip

Bitcoin inched back to briefly top $56,000 on Tuesday after a bout of risk aversion in global markets inflicted steep losses on most major cryptocurrencies.

Posted on 06/08/2024

Malaysia, Singapore offer unique approaches to cryptocurrency supervision: experts

The growth of financial technologies, including blockchains and cryptocurrencies, depends on how well the legal system can adapt. Globally, as the legal status of cryptocurrencies remains ambiguous, ...

Posted on 06/08/2024

‘How am I going to pass my O-Levels’: Students lose notes due to Mobile Guardian hack

We didn’t even know that this was going to happen, so it just caught us all off guard,” said one Secondary 4 student who discovered her notes were gone just as she sat down to revise.

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